Member of the Board: Kenichi Wakabayashi Member of the Board: Jeffrey S. Williams Member of the Board: Katsuhide Yabe Member of the Board: Katsunori Nakamura 2. Purpose of the Stock Acquisition and Management Policies Going Forward The acquisition of machine tool business achieves a mutual complement with our existing businesses. Synergies are expected particularly in the machinery business, element technology development, manufacturing, sales, and other areas of our group’s businesses. Mitsubishi Heavy Industries Machine Tool started its business in 1936 for manufacturing of lathe in Hiroshima, Japan. Since then, Mitsubishi Heavy Industries Machine Tool has been a group company of Mitsubishi Heavy Industries and has grown its business, while supporting Japanese manufacturing for many years. Mitsubishi Heavy Industries Machine Tool, which designs, manufactures and sells machine tools, cutting tools and related products and provides after-sales services for the products, owns highly professional personnel in addition to its long-nurtured technologies. Mitsubishi Heavy Industries Machine Tool has top market share in Japan with its main products, which include a gear cutting machine and a gear grinding machine with high accuracy and efficiency, double-column-type machining centers and other large-size machine tools, and laser and semiconductor manufacturing equipment with unique cutting-edge technologies.