Notice Regarding Change of Trade Name and Partial Amendment of Articles of Incorporation

Overview of Trade Name Change and Amendment of Articles of Incorporation

Daiwa Refrigeration Industries Co., Ltd. will submit a proposal to partially amend its Articles of Incorporation at the 65th Ordinary General Meeting of Shareholders scheduled for March 27, 2026, and upon approval, will change its trade name to "Daiwa Ltd." The change will take effect on July 1, 2026. The background to the trade name change involves a strategic shift from its traditional refrigeration equipment-focused business toward becoming a comprehensive kitchen manufacturer providing total support for kitchen operations, reflecting an expansion of product offerings beyond just refrigeration to include heating equipment and other wide-ranging products.

Upcoming Schedule and Impact

The General Meeting of Shareholders is scheduled for March 27, 2026, at which approval for the proposed amendment to the Articles of Incorporation is expected. Thereafter, the amendments and trade name change will be officially implemented on July 1, 2026. This change aims to refresh the corporate brand image and expand the business domain, and is a matter of interest to investors as part of the company’s long-term growth strategy. There are no changes to financial figures and no direct impact on the number of shares or dividends has been stated.