Regarding Investment in a Special Purpose Company (SPC)

General construction company Ichiken Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Hiroaki Masakiyo) is pleased to announce that the group to which our company belongs has been selected as the successful bidder for the "Waste Heat Utilization Facility Development and Operation Project" promoted by Narita City. Accordingly, we will establish and invest in a special purpose company (SPC) to undertake this project.

Project Overview - **Project Name:** Narita City Waste Heat Utilization Facility Development and Operation Project - **SPC Name:** PFI Narita Smart Wellness Co., Ltd. - **Project Site:** 161 Koizumi, Narita City, Chiba Prefecture, and others - **Project Period:** March 19, 2026, to March 31, 2044 (Scheduled operation start date: October 1, 2029) - **Project Description:** Design, construction, opening preparation, maintenance, and operation of exercise facilities (pool, training gym, studio), spa facilities mainly featuring hot springs, proposal-based facilities, and exterior works, utilizing thermal energy such as hot water generated from the Narita Tomisato Izumi Clean Center.

Company Profile - **Company Name:** Ichiken Co., Ltd. - **President and CEO:** Hiroaki Masakiyo - **Headquarters:** Shinagawa Intercity Tower A, 2-15-1 Konan, Minato-ku, Tokyo 108-6015 - **Founded:** June 15, 1930 - **Capital:** 4,329,646,860 JPY - **Business Description:** General construction, building leasing, residential and commercial facility developer business, planning, design, construction, and supervision of complex commercial facilities and specialty stores.