Notice Concerning Change of Trade Name

Hitachi Metals, Ltd. (hereinafter, the “Company”) hereby declares that it has been resolved at as we speak’s board of administrators’ assembly that the Company’s commerce title will probably be modified as follows.

The above-stated change of commerce title will probably be made on the situation that the takeover bid by Ok.Ok. BCJ-52 for which a public launch was issued as we speak is carried out efficiently, and a subsequent vary of procedures crucial for the change of the commerce title, together with partial revision of the Articles of Incorporation, are accomplished.

1. New commerce title

   Proterial, Ltd.
   
    

2. Scheduled day of change of commerce title

   January 4, 2023
   
    

3. Reasons for change of commerce title

   The Company has its origin in Hitachi, Ltd., which was based in 1910, and was spun off into an impartial firm in 1956. Since its unique basis, the Company has grown by offering the society with many distinctive merchandise developed with its excessive technological capabilities. After a profitable implementation of the Takeover Bid, the Company will speed up its efforts towards additional reform and development in cooperation with the brand new capital associate, aiming to turn into an organization “leading sustainability by high performance.” Taking a possibility afforded by the deliberate capital reorganization, a step for its second independence, the Company will change its title to at least one befitting the brand new begin for development.
   
    

4. Thinking behind our firm title

   “Proterial” displays the essence of our company philosophy, which consists of three parts: Mission: “Make the best quality available to everyone;” Vision: “Leading sustainability by high performance;” and Values: “Unfaltering integrity” and “United by respect.” It combines “pro-” with the phrase “material.”

   “Pro-” represents our “three pros”:

   Professional — work that exceeds expectations
   
   Progressive — a spirit that retains difficult
   
   Proactive — an enterprising angle

   “Material” refers back to the high-performance supplies that our unique applied sciences produce and which underpin the three execs. With our deal with fixing buyer points and bringing new ranges of worth, we promise to contribute to the conclusion of a sustainable society via the services that embody our philosophy.
   
    

5. Change of commerce title of group corporations

   The commerce title of the Company’s group corporations whose present title contains “Hitachi” will probably be modified on January 4, 2023 in precept. However, some will probably be modified by January 3, 2023 when applicable, or later than January 5, 2023.

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