Announcement Regarding the Closure of our Russian Office (OOO AIDA)

In 2012 we established "000 AIDA" as a sales and service office in Russia, and since that time we have been engaged in activities to expand sales and enhance service in the midst of Russia's rapidly growing automotive industry. However, in light of Russia's current situation both domestically and abroad, we have made the decision to close this office.

1.　Planned Closure Date
　　End of March, 2023

2.　Effects on Business Performance Forecasts

　　The closure of this subsidiary office will have negligible effects on both our consolidated and unconsolidated business performance.

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