Sun Capital Management Corp. (TSE:2134) agreed to acquire 51% stake in Takayama Engineering Co., Ltd. from Akihito Otsuka for CNY20.4 million on June 16, 2023. We will dispatch three directors from our company, and our chairman Kenji Maeda will be appointed as the representative director of Takayama Engineering Co., Ltd. The transaction is expected to close on June 30, 2023.

Sun Capital Management Corp. (TSE:2134) completed the acquisition of 51% stake in Takayama Engineering Co., Ltd. from Akihito Otsuka for CNY20.4 million on July 7, 2023.