Declaration Letter

DECLARATION FOR THE WAIVER OF CONDITION 7 OF BIDA BRANCH OFFICE PERMISSION LETTER I AM MITSUHIRO TORII GENERAL MANAGER OF TOA CORPORATION (BANGLADESH BRANCH OFFICE) AND LEGAL POWER OF ATTORNEY HOLDER OF THE BANGLADESH BRANCH OFFICE GIVEN BY THE BOARD OF DIRECTORS OF TOA CORPORATION (JAPAN). BY THE ORDER OF THE BOARD: I AM SINCERELY DECLARING THAT; the Office Permission of TOA Corporation (Bangladesh Branch Office) has been extended for 2 years which is effective from 15.11.2022. (BIDA Permission Ref No: OPE-11Sep2022-00002) and issued on 16 October 2022. Additionally reporting to Bangladesh bank has been completed and the 18B intimation letter has already been issued on 03.11.2022 (Ref. no.: FEID/Branch/729/B-1727/2022-3971). The branch office has also got the approval of waiver of condition 7 on 18.06.2022 (Ref. No.: 03.219.343.01.00.480.2020-316) after first office permission obtaining. TOA CORPORATION is working on the Procurement of Land Development Works for Bangladesh Special Economic Zone Development under Foreign Direct Investment Promotion Project (FDIPP). The company is generating income from the local source, and we want to bear all operational expenses from the Branch office income. Hence It has been decided to make the necessary application to Bangladesh Investment Development Authority (BIDA) for seeking exemption from the condition mentioned under Clause No-7 of the official permission letter since the Company intends to and able to meet all operational expenditures of the Branch office by the profits earned from its local business activities. The branch office has also got the approval of waiver of condition 7 on 18.06.2022 (Ref. No.: 03.219.343.01.00.480.2020-316) after first office permission obtaining. Now the company will apply for seeking the approval of waiver of condition 7 second time. For TOA CORPORATION 🗸 _______________ Mitsuhiro Torii General Manager TOA CORPORATION (Bangladesh Branch Office)