Explanation Regarding Inward Remittance of JPY 17,100,000 from Head Office

Date: 10th September 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: Explanation Regarding Inward Remittance of JPY 17,100,000 from Head Office. Dear Sir, This is to confirm that our branch office received an inward remittance of Japanese Yen (JPY) 17,100,000 from our Head Office on 12 March 2023. The said amount was duly encashed into local currency equivalent to BDT 13,167,000 through our designated bank account. We would like to clarify that the above inward remittance has been properly recorded in our books of accounts and subsequently reflected in the Audited Financial Statements for the year ended 30 June 2023. In the Balance Sheet, the amount is shown under Current Account with Head Office. In the Cash Flow Statement, the amount is reflected under Cash Flow from Financing Activities. For your ease of reference, we have attached Annexure B, which highlights the reflection of this transaction in both the Balance Sheet and Cash Flow Statement. We trust the above explanation, along with the attached documents, will clarify the matter to your satisfaction. Sincerely yours, 🗸 ____________________ MITSUO KAWASAKI Country Manager SANYO ENGINEERING & CONSTRUCTION INC. (Bangladesh Branch Office) Attached: Annexure B Encashment Certificate Annexure: B Sanyo Engineering & Construction Inc. Statement of Current Account Head Office As on 31st March 2023 Particulars Amount in BDT Remarks Current A/C HQ Openings Balance 52,934,294.00 This is opening balance of Financial Report. Mentioning Toa Corporation in the Notes is the typing mistake. Add: Advance Rcvd (HQ) JP Project 13,167,000.00 Remittance received in BD from HQ for operational expenses purpose. And attached all documents. Less: Adjustment During the period (52,934,294.00) Receiving money in Current Account HQ from client which is adjusted during the period and consider all related tax and Vat in BD. Less: Operational Expenses (13,122,063.00) Adjusting all operational expenses after receiving remittance from HQ. Less: Miscellaneous Expenses (44,937.00) Current A/C HQ Closing Balance - This is Closing balance of Financial Report which is considered as Asset. 🗸 ____________________ MITSUO KAWASAKI Country Manager SANYO ENGINEERING & CONSTRUCTION INC. (Bangladesh Branch Office)