Declaration Letter.

Date: 15th May 2023 DECLARATION FOR THE WAIVER OF CONDITION 7 OF BIDA BRANCH OFFICE PERMISSION LETTER I AM YUICHI AKAGI COUNTRY MANAGER OF SANYO ENGINEERING & CONSTRUCTION INC. (BANGLADESH BRANCH OFFICE) AND LEGAL POWER OF ATTORNEY HOLDER OF THE BANGLADESH BRANCH OFFICE GIVEN BY THE BOARD OF DIRECTORS OF SANYO ENGINEERING & CONSTRUCTION INC. (JAPAN). BY THE ORDER OF THE BOARD: I AM SINCERELY DECLARING THAT; the Office Permission of Sanyo Engineering & Construction Inc. (Bangladesh Branch Office) has been extended for 2 years which is effective from 20.03.2023. (BIDA Permission Ref No: OPE-23Feb2023-00002) and issued on 21 March 2023. The branch office has also got the approval of waiver of condition 7 on 07.12.2016 (Ref. No.: 03.219.343.01.00.293.2016.250) after the first office permission obtaining. I would like to inform you that, SANYO ENGINEERING & CONSTRUCTION INC. is working on the 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 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 also got the approval of waiver of condition 7 on 07.12.2016 (Ref. No.: 03.219.343.01.00.293.2016.250) after the first office permission obtaining. Now the company will apply for seeking the approval of waiver of condition 7 second time. For Sanyo Engineering & Construction Inc. _______________ Yuichi Akagi Country Manager Sanyo Engineering & Construction Inc. (Bangladesh Branch Office)