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BOEKI ENGINEERING LTD.

28F KYOBASHI EDOGRAND, 2-2-1 Kyobashi, Chuo-ku, Tokyo, 104-0031,

Tel.: + 81-3-6841-8491 Fax: + 81-3-6841-8450

March 12, 2021

ANNOUNCEMENT OF MERGER

To Whom It May Concern,

We are pleased to announce that, effective April 1, Tokyo Boeki Machinery Ltd. will merge. with Tokyo Boeki Engineering Ltd. The new company will operate under the name of TB Global Technologies Ltd., with the business operations, rights, and liabilities of the two former companies being inherited by the new company.

The merger has been undertaken to improve our capability to provide comprehensive solutions-development, manufacturing, sales, and maintenance services for our main products. These include energy-related equipment and machinery, such as loading arms and swivel joints.

By combining the trading and manufacturing functions of our Group, we also aim to explore new business frontiers that will contribute to meet the expectations and demands of our customers.

Further, we will continue to do our best to grow our company, while supported by our brand reliability. We ask for your continued support and guidance in these efforts.

Thanking you for your kind attention, I remain,

Yours sincerely,

Hideshige Tsubouchi President, Tokyo Boeki Machinery Ltd. and Tokyo Boeki Engineering Ltd. NEW COMPANY INFORMATION

Main Business Operations • Development, manufacturing, sales, after-sales service for energy-related equipment and machinery, such as hydraulic loading machines • Exploration of new energy-related business in robotics, ORC machinery, and other areas • Import and export of laboratory instruments, and equipment

Company Name: TB Global Technologies Ltd. President: Hideshige Tsubouchi

Headquarters: 28F Kyobashi Edogrand, 2-2-1 Kyobashi, Chuo-ku, Tokyo 104-0031 Telephone: + 81-3-6841-8400 Nagaoka Factory: 2-5-1 Jo-oka, Nagaoka, 940-0021 Telephone: + 81-258-24-1650 (Contact details for headquarters and the Nagaoka factory remain unchanged.)

Domestic offices: In , , Nagaoka, Chiba, , , , and

International Offices Singapore: 2 Venture Drive #16-12, Vision Exchange, Singapore 608526 Telephone: + 65-6909-2333 Fax: + 65-6909-3474

Beijing: Room 1014, Lucky Tower B, No. 3 Dong San Huan Bei Lu, Chaoyang District, Beijing, China 100027 Telephone: + 86-10-6551-6609 Fax: + 86-10-6551-8229

Contact Information for Overseas Customers Japan Sales Headquarters, International Sales Department Telephone: + 81-3-6841-8491

New Organization Chart

Accounting Group

Administration Department Financing Group

Human Resources & General Affairs Group Management General Business Solution Legal & Risk Management Headquarters Department Group

DX Promotion Group

Business Planning Business Promotion Group Department Management Promotion Group

Marketing Strategy Marketing Group Headquarters

Domestic Sales Department International Sales Group

International Project International Sales Management Group Department International After Sales and Service Group

Singapore Branch Beijing Representative Office Swivel Joint Sales Sales General Headquarters Department Sapporo Office Safety Promotion Group Tomakomai Office

Tohoku Service Center North Japan Area Group Nagaoka Service Center

Service Solution East Japan Area Group Kanto Service Center Department

Osaka Service Center General Board Central Japan Area Group Meeting of President Meeting Nagoya Service Center Shareholder

Hiroshima Service Center Auditors West Japan Area Group Fukuoka Service Center

Engineering Development Customer Engineering Group Development Headquarters Technical Customer Engineering Group Execution Engineering Group Pre-Engineering&Cost Engineering Department Estimation Group Development Engineering Group

Procurement Group Production General Procurement Department Headquarters Strategic Procurement Group

Production Management Group Production Department Production Engineering Group

Nagaoka General Affairs Group

Quality Control Group Quality Assurance Department Quality Management Group

ORC Power Generation System New Business New Business Development Commercialization Project Headquarters Department Natural Gas Expander Turbine Project

SEEDs Robotics Group

Russia CIS Marketing Department