Announcement of new business opening

9 December 2019

OFFICE GENERAL CONTACT DETAILS: Ammeraal Beltech and Megadyne Japan (Ammega Japan Co., Ltd.)

Managing Director / Ryuichi SEKINE Executive Officer / Kaname TOMIITA Address/ Funairi Bldg. 7F, 5-21-8 Meieki, Nakamura-ku Nagoya 452-0002 JAPAN

Tel 052-433-7401 / Fax 052-743-7402

Date of Establishment (on book publically) / August 28, 2019

It is a great pleasure to announce that Ammeraal Beltech and Megadyne, leaders in lightweight conveying and power transmission belting, are opening a new joint company located at Nagoya, Japan. The legal entity name of this new company is AMMEGA JAPAN Co. Ltd.

This office opening in Japan is an important step in our strategy to increase market coverage in the APAC region and to better serve customers in this major global economy.

In view of their well-established reputations in their respective markets and their different channel-to-market strategies, which will remain unchanged, our two strong brand names – Ammeraal Beltech and Megadyne – will remain the main commercial facing entities towards customers.

We make strenuous efforts to meet customers’ requests and are taking the liberty of expressing our gratitude for your continued support through this letter.

Ryuichi Sekine
Managing Director Ammeraal Beltech and Megadyne Japan

Kebao Yang
President, APAC region

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