Maruka Corporation and Furusato Industries, Ltd. have reached an agreement with respect to the establishment of MARUKA FURUSATO Corporation, which will be the wholly owning parent company of both companies (the Joint Holding company), through a joint share transfer (the share transfer) scheduled to become effective on October 1, 2021. As of May 7, 2021, pursuant to the resolution of the respective meetings of the Boards of Directors of Maruka and Furusato held on May 7, 2021, both companies have entered into an agreement on management integration concerning the Integration, and have prepared a share transfer plan regarding the Share Transfer.