Notice regarding the establishment of a local subsidiary in Korea.

In order to further grow our company and establish a system to provide services to clients in Korea, MMS Co., Ltd. of our group has established a local subsidiary in Seoul, Korea on June 21, 2024.

【Overview of the subsidiary】
1) Company Name :MMS Ship Management Korea Co., Ltd.
2) Address : #1005-1, 20, Digital-ro, 31-gil, Guro-gu, Seoul, Korea
3) Representative : Nobuaki Kono
4) Date of establishment : June 21, 2024
5) Business operations : Ship management
6) Capital : KRW 130,000,000