Kawasaki Precision Machinery (Suzhou) Ltd.

Kawasaki Heavy Industries announced the establishment of a joint venture in China with Yantai Eddie Precision Machinery Co., Ltd. (hereafter, Yantai Eddie), a hydraulic equipment manufacturer. The joint venture, named Eddie KPM Precision Machinery (Suzhou) Ltd., will operate in the precision machinery business in China. Kawasaki has a hydraulic equipment manufacturing and sales business for construction machinery, with a manufacturing base in Suzhou, China, called Kawasaki Precision Machinery (Suzhou) Ltd., and will establish a joint venture with Yantai Eddie. By integrating Kawasaki's technological strength with Yantai Eddie's manufacturing capabilities of core hydraulic parts and material procurement strengths, the company aims to strengthen its competitiveness in the Chinese market. Additionally, the establishment of this joint venture will enhance the Chinese base, enabling the company to respond to market changes and diverse customer needs, and contribute further to the Chinese precision machinery market.

Overview of the joint venture: 1. Company Name: Eddie KPM Precision Machinery (Suzhou) Ltd. (Reading: Aisaki Seimitsu Kikai) 2. Capital Ratio: Kawasaki Heavy Industries 49%, Yantai Eddie 51% 3. Establishment: Scheduled for September 8, 2024 4. Business Start: Scheduled for September 2024 5. Business Scope: Manufacturing and sale of hydraulic equipment products and their parts, repair 6. Representative: Xu Shangwu 7. Capital: 300 million RMB 8. Number of Employees: 135 9. Location: High-tech Zone, Suzhou, Jiangsu Province, China (within Kawasaki Precision Machinery (Suzhou) Ltd. premises)