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Agreement Concluded for Mitsubishi Power to be Integrated into MHI - Global expansion to continue with the retained use of Mitsubishi Power brand name overseas TOKYO, July 30, 2021 - (JCN Newswire) - As announced on May 10, Mitsubishi Heavy Industries, Ltd. (MHI) reached an agreement under which Mitsubishi Power, Ltd. will be integrated into MHI. An absorption-type split agreement to integrate the two companies business operations has now been concluded, whereby the business operations and employees of Mitsubishi Power will be taken over by MHI effective October 1, 2021. 1. Summary of absorption-type split agreement Under the newly concluded agreement, the business operations and employees of Mitsubishi Power involved in the design, manufacture, sale, installation and engineering of thermal power generation systems will be transferred to MHI and integrated. The move will further accelerate the Energy Transition solutions that serve as one of MHI Group s growth engines. In ad

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