For immediate release, January 26, 2018

Milwaukee Electric Tool Company (MILWAUKEE TOOL) announced today that it is working with City of Brookfield, Milwaukee 7, Economic Development Corporation, and Waukesha County Center for Growth officials on another proposed major expansion of its Brookfield Headquarters. The project would lead to the creation of approximately 350 more jobs in a planned 114,500 square foot office expansion at the MILWAUKEE TOOL Headquarters campus.

MILWAUKEE TOOL moved to Brookfield in 1965, and over the last 10 years has redeveloped 190,000 square feet of former manufacturing space to accommodate research and development, product development, -typing, packaging design, marketing, sales, training facilities, and administrative offices. In 2017, MILWAUKEE TOOL completed construction and took occupancy of a new 200,000 square foot, four story office building on its Brookfield campus. MILWAUKEE TOOL has grown employment at its Brookfield campus from just over 300 jobs in 2011 to almost 1,300 this year.

The company would purchase a 3.5 acre site across Lisbon Road from the current facilities for a new office and R&D building. A 114,500 square foot, multi-story building would be constructed on the site. MILWAUKEE TOOL estimates that 350 new jobs would be added in the next 5 years, with an average annual salary of $75,000. The majority of these new positions would be focused around engineering and software development.

The City of Brookfield is proposing a Tax Increment Financing (TIF) district which would provide $3.5 million in TIF assistance to project costs estimated at over $32 million. The Wisconsin Economic Development Corporation is also working with MILWAUKEE TOOL on possible incentives for the project. MILWAUKEE TOOL is exploring other options for the needed office space to facilitate its continued growth, but would prefer to keep all of its product research, design and development within the campus.

About Milwaukee Tool: Milwaukee Tool, founded in 1924, is a global leader in delivering innovative solutions to the professional construction trades that offer increased productivity and unmatched durability. Whether it is through their world-leading M12™ and M18™ cordless systems, the ground-breaking performance of their M12 and M18 FUEL™ products, time-saving accessories, or innovative products, Milwaukee is dedicated to delivering a steady stream of advanced, trade-specific solutions. Milwaukee Tool is a Brookfield, Wisconsin-based subsidiary of Co. Ltd. (TTI) (HKEx stock code: 669, ADR symbol: TTNDY). For more information on the full line of Milwaukee® products, please call 1-800- SAWDUST or visit www.milwaukeetool.com.

MILWAUKEE TOOL was founded in 1924

MILWAUKEE TOOL Relocated to Brookfield WI from the city of Milwaukee in 1965

MILWAUKEE TOOL is the only company that has always manufactured products in the USA

MILWAUKEE TOOL currently has roughly 1,300 full time employees at its Brookfield campus.

MILWAUKEE TOOL recruits from local college campuses for a variety of positions The City of Brookfield has made significant investments in the 124th Street corridor over the last several years along with private property owners. Storm water conveyance, street and sidewalk improvements, and entry signs have been added in the 124th Commerce District between Burleigh and Feerick Streets, south of Capitol Drive.

“MILWAUKEE TOOL has had its headquarters in Brookfield since 1965, and we are thrilled that the company is considering yet another significant expansion,” said Mayor Steve Ponto. “We are prepared to work with MILWAUKEE TOOL and the other partners to spur the company’s continued growth at this campus. MILWAUKEE TOOL is creating precisely the type of high-skill, high-wage jobs that we want and can well support in Brookfield.”

Milwaukee 7 (M-7) is the lead agency for economic development efforts in the seven county Milwaukee region. M-7 actively pursues corporate expansions and works to attract new businesses to the area. M- 7 has worked with the City and WEDC on previous expansions at MILWAUKEE TOOL, and has worked with the City on other projects.

“This project would be attractive to any region in the U.S.,” said M-7 Vice President Jim Paetsch. “These jobs are exactly the kind we want in southeastern Wisconsin. MILWAUKEE TOOL is a significant employer of graduates from engineering schools such as MSOE, Marquette, UW-Milwaukee and UW- Madison, and they are also drawing digital talent from around the country.”

The Waukesha County Center for Growth is the economic development agency for Waukesha County. “MILWAUKEE TOOL is one of our county’s largest and most valued employers,” said Tim Casey, Director for the Center. “This company is an important economic driver for our community and all of southeastern Wisconsin. Manufacturing continues to be a key economic driver for Waukesha County, led by the impressive growth of companies like MILWAUKEE TOOL.”

For More Information, contact:

MILWAUKEE TOOL Mayor Steve Ponto Jim Paetsch Tim Casey Kharli Tyler City of Brookfield Milwaukee 7 Waukesha Center for Growth (262) 790-6334 (262) 787-3525 (414) 287-4171 (262) 409-2643