Ryoden Corporation announced agreement with Renesas Electronics Corporation was terminated on February 28, 2023. The details are as follows: Circumstances causing the termination of contract. The company, as a distributor of the Major Supplier, have sold semiconductor products to customers under the distribution agreement with the Major Supplier.

However, the Agreement is terminated as of February 28, 2023 due to changes in the Major Supplier's policy on distributors. The terms and conditions of transactions with the primary distributor have not yet been determined at present. Until the terms and conditions are determined, will continue to purchase semiconductor products from the Major Supplier as before.

Even after the termination of the Agreement, there will be no change in the product warranties and technical support provided by the Major Supplier. Based on the above, the termination of the Agreement will have no impact on the consolidated financial results for the fiscal year ending March 31, 2023.