JFE : Establishment of New Representative Office in Dhaka, Bangladesh

About this update from Jfe Holdings, Inc.

March 10, 2026 JFE Shoji Corporation Establishment of New Representative Office in Dhaka, Bangladesh ‒ Strengthening Business Platform in a High-Growth Market - JFE Shoji Corporation (President & CEO: Yoshifumi Ubagai) has decided to establish a representative office in Dhaka, the capital city of the People's Republic of Bangladesh. Background Bangladesh, with a population of approximately 170 million, is a promising market that has maintained economic growth of over 4% annually in recent years. Along with the expansion of manufacturing and infrastructure sectors, steel demand reached approximately 8.1 million tons as of 2024 and is expected to grow to around 17 million tons by 2035. Previously, the Company managed the market with business trips from India. Now, it will open a representative office to better meet local expectations for face-to-face interaction and provide quicker decisions and services. Office Overview Name: JFE Shoji Corporation Dhaka Representative Office Location: Banani District, Dhaka (Concord MB Tower) Unit 13B, 13th Floor, Concord MB Tower Plot No. 81, Road No. 11, Banani, Dhaka-1212, Bangladesh Head of Office: Ryuta Suzuki Opening Date: April 2026 (planned) Staffing: 1 Japanese expatriate, 5 local staff Business Activities: Sales support for steel products, raw materials, and machinery & materials, local customer relations, business development, and research of potential investment opportunities Future Outlook In addition to expanding existing transactions, the Company aims to collaborate with local companies in Bangladesh and enter new business fields. Over the medium to long term, JFE Shoji Corporation will promote its growth strategy by expanding its business domains, including steel, raw materials, and machinery. Contact JFE Shoji Corporation General Affairs Department, Public Relations Section [email protected]

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