Declaration Letter ( ONO San)

Date: 5th December 2022 Our Explanation about the Loss in Business Dear Sir, I, the undersigned person Yoichi Watanabe, Japanese national and working with the Yurtec corporation as a Director. Under the process of VISA recommendation of Mr. Takeo Ono, a Japanese national (Passport No; TS0890658) the Authority BIDA (Bangladesh Investment Development Authority) has asked the reason of Business loss of our company. I hereby explaining the reason for your kind perusal. Yurtec Corporation is one of the reputed Japan based construction company and in Bangladesh they established a Branch office in 2019. In Initial period, we got some project and we executed properly. But from the begging of the 2020, we faced the crisis of pandemic, and we did not get any project. But companys operational expenditures (Office rent, Employees salary, Tax, VAT, consulting fee, Audit Fee, Stationary and so on) was continuing as general. So that’s the prime reason of loss of our company. At now we are submitting the tender to different potential projects, and we believe that we can recover this situation as soon as possible. We are cordially requesting for taking our explanation into your kind cognizance and take initiative to issue the recommendation letter. ____________________ Yoichi Watanabe Director Yurtec Corporation