Neturen Co., Ltd. announced that a resolution was passed, at a meeting of the Board of Directors held on December 7, 2023, to expand production facilities at PT. NETUREN IND Indonesia, a consolidated subsidiary of the Company. PT. NETUREN INDONESIA, a consolidated subsidiary of the Company, was established in May 2013 in Bekasi, West Java, Republic of Indonesia, and has since been engaged in the maintenance services business and metal heat treatment services. This facility expansion is to strengthen the production system by increasing production facilities, as orders are expected to exceed the current facility capacity due to requests for an increase in production from local parts manufacturers in response to the shift to local procurement of automotive parts in Indonesia and increased exports. Outline of consolidated subsidiary: (1) Trade Name: PT. NETUREN INDONESIA
(2) Representative: Nobumoto Ishiki (3) Address: Industrial Park "Greenland International Industrial Center" in Deltamas City, Bekasi, West Java, Republic of Indonesia (4) Main Fields of Business: Maintenance services business and metal heat treatment services (5) Date of Establishment: May 2013. Outline of the facility expansion: (1) Investment Amount: JPY 931 million 2) Purpose: To increase production capacity by expanding a building and heat treatment facilities (3) Start Date of Operation: April 2025 (plan). The facility is scheduled to be operational in April 2025 with this heat treatment facility expansion, and the Company expects that there will be minor impact on the Company's consolidated financial results for the fiscal year ending March 31, 2024.