Techno Horizon Co., Ltd.

Through the transfer of shares between TaiTech Co., Ltd. and Elmo Co., Ltd., the joint holding company 'Techno Horizon Holdings Co., Ltd.' was established.

Our common shares were listed on the Osaka Stock Exchange JASDAQ market.

Established ELMO Europe SAS in France for the purpose of selling optical equipment.

Established Beijing Ailumo Technology Co., Ltd. in China for the purpose of selling optical equipment (currently a consolidated subsidiary).

Established Taizhida (Suzhou) Automation Technology Co., Ltd. in China for the purpose of developing, manufacturing, and selling electronic equipment (currently a consolidated subsidiary).

Acquired shares of Chunichi Electronics Co., Ltd. and Graphin Co., Ltd. and made them subsidiaries.

Split off the information and communication equipment division of TaiTech Co., Ltd. and established FineFit Design Co., Ltd.

Elmo Co., Ltd. absorbed and merged with Elmo Solution Sales Co., Ltd.

Liquidated Elmo (Europe) G.m.b.H, which sold optical equipment.

Following the merger of the Tokyo Stock Exchange and the Osaka Stock Exchange, listed on the Tokyo Stock Exchange JASDAQ (Standard) market.

Transferred the optical unit manufacturing business of Suzhou Intelligent Taike Co., Ltd., a 100% subsidiary of SUWA Optronics, to our affiliated company (equity method company) Nanyang Nanfang Intelligent Optoelectronics Co., Ltd.

TaiTech Co., Ltd. acquired shares of Elmo System Business Co., Ltd., a subsidiary of Elmo Co., Ltd., and made it a subsidiary.

Elmo Co., Ltd. absorbed and merged with Elmo Solution Sapporo, Elmo Solution Kinki, Elmo Solution Shikoku, and Elmo Solution Kyushu.

Acquired shares of Fine Fit Design Inc. and made it a subsidiary.

Elmo System Business Co., Ltd., a subsidiary of TaiTech Co., Ltd., opened a North Kanto office.

ELMO EUROPE SAS, a European subsidiary of Elmo Co., Ltd., opened a representative office in Dubai, UAE.

Transferred shares of FineFit Design Co., Ltd. to Elmo Co., Ltd. TaiTech Co., Ltd. absorbed and merged with Graphin Co., Ltd. SUWA Optronics Co., Ltd. changed its name to Chunichi Suwa Optoelectronics Co., Ltd.

Transferred shares of Fine Fit Design Inc. to Elmo Co., Ltd.

Taitek Co., Ltd. merged with Graphin Co., Ltd.

Suwako Optronics Co., Ltd. changed its trade name to Chubu Suwa Optoelectronics Co., Ltd.

Transferred part of Chunichi Electronics Co., Ltd.'s business to Elmo Co., Ltd. and TaiTech Co., Ltd.

TaiTech Co., Ltd. sold shares of Elmo System Business Co., Ltd.

Liquidation of Suzhou Smart Tech Co., Ltd., which manufactures and assembles optical units, etc.

Tai Tech Corporation acquires shares of KEI Tech Corporation and becomes a subsidiary.

Tai Tech Corporation merges with Chubu Electronics Co., Ltd. and Elmo Solution Chubu Co., Ltd.

Taitek Co., Ltd. merged with Chubu Electronic Co., Ltd.

Taitek Corporation merged with Elmosolution Chubu Corporation.

Tai Tech Corporation establishes an internal company "OFFICE ITANZI".

Taitek Corporation established an in-house company "OFFICE ITANZI".

Tai Tech Corporation acquires shares of Ad Science Co., Ltd. and becomes a subsidiary.

Elmo Corporation acquired shares of Keigrande Corporation and became a subsidiary.

Elmo Corporation acquires the electronic blackboard service business of V Cube Co., Ltd.

Closure of Elmo Corporation's overseas local subsidiary, ELMO Industry (Thailand) Co., Ltd.

Tai Tech Corporation acquires shares of MD Technos Co., Ltd. and becomes a subsidiary.

Kei Grande Co., Ltd. changes its trade name to Elmo Kei Grande Co., Ltd.

Tai Tech Corporation acquires shares of Shinko Giken Co., Ltd. and becomes a subsidiary.

Taitek Corporation acquired shares of I.T.L. Corporation and became a subsidiary.

Taitek Corporation acquired shares of Blue Vision Corporation.

Elmo Corporation acquired all shares of ESCO Pte. Ltd. and became a subsidiary.

Taitek Corporation acquired all shares of Fine System Corporation.

Resolution to liquidate ELMO Industry (Thailand) Co., Ltd., which manufactures optical equipment.

Change of trade name from Techno Horizon Holdings Co., Ltd. to Techno Horizon Co., Ltd.

Resolution to liquidate Beijing Ailumo Technology Co., Ltd. and transfer business to ESCO Audio Visual Pte. Ltd. (ESCO China).

MD Technos Co., Ltd. merges with Shinko Giken Co., Ltd.

Taishi Da (Suzhou) Automation Technology Co., Ltd. changes its trade name to Taishi Da Intelligent Technology (Suzhou) Co., Ltd.

Blue Vision Co., Ltd. establishes overseas subsidiary BlueVision Europe Limited.

Elmo Corporation, Tai Tech Corporation, and Chubu Suwa Opto Electronics Co., Ltd. merge and transition from holding company to operating company.

Acquisition of shares of PACIFIC TECH Group and becoming a subsidiary.

Acquired shares of Ichikawa Soft Laboratory and made it a subsidiary.

MD Technos Corporation changed its trade name to Aind Corporation.

Acquired shares of Apollo Precision Engineering Corporation and made it a subsidiary.

ESCO Pte. Ltd. establishes overseas subsidiary ESCO AV SOLUTIONS VIETNAM COMPANY LIMITED.

Acquisition of shares of Asia Co., Ltd. and becoming a subsidiary.

Revised the market classification of the Tokyo Stock Exchange, moving from the JASDAQ (Standard) Market to the Standard Market.

Beijing Ailumo Technology Co., Ltd. has been liquidated.

Acquired the inspection equipment business for printed circuit boards from Nagoya Electric Industry Co., Ltd.

Acquired shares of Cyberdream Inc. and made it a subsidiary.

Abolished the in-house company and introduced a headquarters system for each business. Reorganized consolidated subsidiaries. Apollo Seiko Co., Ltd. merged with KAI Technology Co., Ltd. and Aind Co., Ltd. to reorganize subsidiaries. I.T.L. Co., Ltd. merged with Elmo K Grande Co., Ltd., Fine System Co., Ltd., Ichikawa Soft Laboratory Co., Ltd., and Asia Co., Ltd., and changed its name to Adware Co., Ltd.

Abolished in-house companies and introduced a headquarters system for each business content.

Reorganized consolidated subsidiaries. Apollo Precision Engineering Corporation merged with K.I. Technology Corporation and Aind Corporation.

Reorganized subsidiaries. I.T.L. Corporation absorbed Elmo Keigrande Corporation, Fine System Corporation, Ichikawa Soft Laboratory, and Asia Corporation, and changed its name to Adware Corporation.

Acquired shares of Welldan System Corporation and made it a subsidiary.

Apollo Precision Engineering Corporation acquired shares of Nakashima Copperworks Corporation and made it a subsidiary.

PACTECH MSP PTE.LTD. has been liquidated.

Decided to liquidate BlueVision Europe Limited.

Apollo Seiko Co., Ltd. and Pacific Tech (Thailand) Pte., Ltd. acquired shares of Apollo Seiko South Asia Co., Ltd. and made it a subsidiary.

PACIFIC TECH PTE.LTD. established overseas subsidiary Pacific Intech (Cambodia) Co., Ltd.

Acquired the professional work business specializing in emergency measures and fieldwork from V-Cube Inc.

Apollo Seiko Europe B.V., an overseas subsidiary of Apollo Seiko Co., Ltd., established a branch in Poland.

ESCO Pte.Ltd. established overseas subsidiary ESCO KOREA Co., Ltd.

ESCO Pte. Ltd. established overseas subsidiary ESCO KOREA Co., Ltd.

Acquired shares of Inetscom Corporation and made it a subsidiary.

Transferred part of the equipment business and inspection business from the consolidated subsidiary Apollo Seiko Co., Ltd.

BlueVision Europe Limited has been liquidated.

Acquired all shares of the consolidated subsidiary Blue Vision Inc. and made it a wholly owned subsidiary.

Acquired shares of Universe Cape Corporation and made it a subsidiary.