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Opening Ceremony for New Tsubaki Subsidiary in Vietnam

Since 2011, Tsubaki Vietnam Representative Office has undertaken a thorough market survey of Vietnam market. As a result of this effort, Tsubaki has decided to establish a sales company in Vietnam to market all products of the Tsubaki Group including chains and mechanical components. This will enable the company to further strengthen sales and technical services while establishing a closer relationship with customers.

By the continuous effort of the founders, Tsubakimoto Vietnam Co., Ltd (TVNL) was established and began operations on the 25th of April, 2016 as a subsidiary of Tsubakimoto Singapore Pte. Ltd.

By establishing a sales base, we hope to bring Tsubaki brand to stronger penetration into the Vietnamese market and to develop business in this potential market.

Details of New Company

1. Trade name:
   Tsubakimoto Vietnam Co., Ltd
2. Location:
   9th Floor, VIT tower, 519 Kim Ma Street, Ngoc Khanh Ward, Ba Dinh Dist., Hanoi, Vietnam
   (now moving to Room 202, DMC tower, 535 Kim Ma Street, Ngoc Khanh Ward, Ba Dinh Dist., Hanoi, Vietnam)
3. Start of business:
   February 23, 2016
4. Capital:
   8.9 billion VND ($0.4 million)
5. Ownership:
   Wholly owned subsidiary of Tsubakimoto Singapore Pte. Ltd.
6. Number of employees:
   6
7. Principal business:
   Sales of general industrial parts (chains, power transmission equipment, components, etc.)