Apology Letter

Date: 19th November 2025 The Director Foreign Exchange Investment Department, Bangladesh Bank, Head Office Motijheel Commercial Area, Dhaka-1000. Through: Prime Bank Limited, (Gulshan Branch) Plot # 01, Block- CEN(H), Road # 109, Gulshan Avenue, Gulshan, Dhaka-1212. Subject: Apology and Request for Cancellation of the Application for Waiver of Condition No. 08. Dear Sir, With due respect, we would like to express our sincere apologies regarding the application submitted by SANYO ENGINEERING & CONSTRUCTION INC. (Bangladesh Branch Office) for the Waiver of Condition No. 08 of the BIDA permission letter. During the meeting held with the respected officials of Bangladesh Bank on 21 October 2025, it was observed that: The explanations and documents submitted in support of our application were not satisfactory; and The BIDA permission, under which the waiver application was submitted, had already expired. We sincerely regret any inconvenience caused to Bangladesh Bank due to these shortcomings. We acknowledge that the financial information and supporting documents we provided were not sufficiently detailed. We take this matter very seriously and assure you that, moving forward: We will prepare and present our financial statements in a more detailed, transparent, and comprehensive manner; All calculations, adjustments, and reconciliations will be clearly explained and properly documented for ease of review; and We will ensure full compliance with regulatory standards and guidelines in any future submissions. In light of the above, we humbly request Bangladesh Bank to kindly cancel the existing application and close the file related to the waiver of Condition No. 08. We humbly seek your kind understanding and cooperation in this matter. Sincerely yours, 🗸 _____________________ MITSUO KAWASAKI Country Manager SANYO ENGINEERING & CONSTRUCTION INC. (Bangladesh Branch Office)