Toyo Construction Co., Ltd. announced that it has resolved, at a meeting of the Board of Directors held on April 25, 2024 to execute the borrowing of funds through a green loan, as described below. Reason for Borrowing of Funds: The borrowing is for funds needed for the construction of a self-propelled cable-laying vessel, as described in the press release "Announcement of Construction of Self-propelled Cable-laying Vessel," dated December 8, 2023. Overview of Borrowing of Funds through a Green Loan (Planned): Contract conclusion schedule: May 2024.

Lender (syndicate): Eleven correspondent financial institutions. Loan amount: JPY 20.0 billion. Loan interest: Basic interest + spread.

Loan execution date: June 2024 onward. Repayment method: Three-monthly fixed repayments starting on June 30, 2027, with balance to be repaid on the repayment date. Final repayment deadline: March 31, 2034.

ecurity: Yes (vessel as security). Rating agency: Rating and Investment Information Inc.