（Disclosure Progress）Notice regarding acquisition of shares in Ferro Scrap Nigam Limited (making it a wholly owned subsidiary)

Konoike Transport announced on September 27, 2024, in the "Notice regarding acquisition of shares of Ferro Scrap Nigam Limited (making it a wholly owned subsidiary)," that we would acquire shares in Ferro Scrap Nigam Limited (hereinafter "FSNL"), an Indian state-owned steel slag processing company. We are pleased to announce that the acquisition was completed on January 21, 2025, and FSNL has become a wholly owned subsidiary of our company.