Capital and Business Alliance with ITOCHU ENEX CO., LTD. and Mutual Acquisition of Shares

「ITOCHU ENEX CO.,LTD.: The company has entered into a capital and business alliance agreement and holds shares in ITOCHU ENEX to examine the development of a sustainable asphalt supply system and promote initiatives to reduce environmental impact.」

「In accordance with the resolution of the Board of Directors meeting held on 16 October 2023, the company disposed of 497,000 treasury shares through a third-party allotment.」

「At a meeting of the Board of Directors held on 16 October 2023, the company resolved to enter into a capital and business alliance with ITOCHU ENEX CO.,LTD. (hereinafter, “ITOCHU ENEX”) and to dispose of treasury shares through a third-party allotment to ITOCHU ENEX (the “treasury share disposal”). The company will acquire shares of ITOCHU ENEX through market purchases or other reasonable means. The acquisition amount will be approximately equal to the total amount paid in by ITOCHU ENEX for the treasury share disposal. (2) Class and number of shares to be disposed of Common shares 497,000 shares (5) Ownership percentage held by ITOCHU ENEX after the disposal Of the total number of shares issued by the company 1.64 %」