Hakudo Co., Ltd. announced that the Company completed establishing a new wholly-owned subsidiary in the United States on December 14, 2022, as announced in the "Notice of Decision to Establish a Company in the United States" dated December 14, 2022. The details are described below. Company name (Officially approved): Hakudo USA Inc. (Company Form: C Corporation).

Location: 801 S. Figueroa Street, Suite 620, Los Angeles, CA 90017, United States. Representative: Tetsuya Yamada, Director and CEO. Business description: Investment business and import and wholesale of nonferrous metals.

Paid-in Capital: USD 10,000 (approximately JPY 1,380,000). Date of establishment (Official establishment date): December 14, 2022. Capital Structure: 100% owned by the Company.