Board Resolution

CERTIFIED TRUE COPY OF THE RESOLUTION PASSED IN THE MEETING OF THE BOARD OF DIRECTORS OF SANYO ENGINEERING & CONSTRUCTION INC. AS ON 22ND MARCH 2023, AT 3-13, NIBANCHO, CHIYODA-KU, TOKYO, JAPAN THE REGISTERED OFFICE OF THE COMPANY AT WHICH PROPER QUORUM WAS PRESENT. The meeting chairman inform the board that Sanyo Engineering & Construction Inc. (Branch Office) is working with TOA Corporation (BSEZ Electrical Support Service Maintenance and Land Development Project of BSEZ Under FDI promotion Project); Ship Aichi Medical Service Limited; Embassy of Japan Bangladesh TOWA Personal protective Device Bangladesh Ltd.; Bangladesh Honda Private Ltd. Shimizu Corporation; OSJI Joint Venture and generation profit locally. The Branch office earns profit locally and wants to meet the necessary expenditure of the company in Bangladesh with that profit. Sanyo Engineering & Construction Inc. (Japan) is also willing to take the profit which is generated by the Branch Office. Besides Sanyo Engineering & Construction Inc. (Branch Office) needs to do L/C-related payments for importing capital machinery and raw material. Hence, the board discussed and considered the application for waiver of condition no. 7 & 8 of the BIDA Branch Office permission letter in BIDA for Sanyo Engineering & Construction Inc., Bangladesh Branch Office. After a fruitful discussion of the above matter thoroughly, the board of directors resolved unanimously that: “RESOLVED THAT; the decision of submission an application for waiver of condition no. 7 & 8 of the BIDA Branch Office permission of Sanyo Engineering & Construction Inc., Bangladesh Branch Office is hereby approved. And the company will make necessary arrangements for applying to the Bangladesh Investment Development Authority (BIDA) to obtain approval of the waiver of condition no. 7 & 8 of the BIDA Branch Office permission letter.” “RESOLVED FURTHER THAT; a copy of this resolution certified to be a true copy by the Director/Company Secretary be submitted to the authorities concerned for their records and necessary action.” For and on behalf of, Sanyo Engineering & Construction Inc. 🗸 __________________________ Nobutaka YAHATA Director of the company