TOKYO BOEKI ENGINEERING LTD. 28F KYOBASHI EDOGRAND, 2-2-1 Kyobashi, Chuo-ku, Tokyo, 104-0031, Japan 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, Niigata 940-0021 Telephone: + 81-258-24-1650 (Contact details for headquarters and the Nagaoka factory remain unchanged.) Domestic offices: In Sapporo, Sendai, Nagaoka, Chiba, Nagoya, Osaka, Hiroshima, and Fukuoka 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 .