Notice on Acquisition of all Shares of ITEC Co., Ltd.

Reference Material, Please refer to the original document for details.


January 26, 2022

Company name: V Technology Co., Ltd.

Name of representative: Shigeto Sugimoto, President &
CEO
(Securities code: 7717; 1st Section
of the Tokyo Stock Exchange)

Inquiries: Shogo Yoshimura, Group leader of
Office of Presidents
(Telephone: +81-45-338-1980)


Notice on Acquisition of all Shares of ITEC Co., Ltd.


V-Technology Co., Ltd. (134 Kobe-cho, Hodogaya-ku, Yokohama-shi, Kanagawa-ken; Shigeto Sugimoto,
Representative Director; hereinafter referred to as "the Company") hereby announces that its Board of Directors has
resolved at a meeting held on January 26 to acquire all shares of ITEC Co., Ltd. (Sumitomo Higashi-Shinbashi Building
No. 5, 1F, 2-11-7 Higashi-Shinbashi, Minato-ku, Tokyo; Misa Oue, President; hereinafter referred to as "ITEC") and
make it a wholly owned subsidiary.


１． Purpose and background

The Company has achieved growth and expansion of the Group's scale through innovative manufacturing
technologies that enhance the value of customers who manufacture semiconductors and displays. On the other hand,
to achieve sustainable growth of the Group in the medium to long term, the Company believes that it is essential to
launch a business targeting the domestic market in a different business domain from the electronic device
manufacturing field, which is mainly focused on overseas markets.
ITEC has an excellent track record in providing open system solutions for mission-critical operations and
infrastructure solutions for servers and networks to major customers in a wide range of industries including finance,
manufacturing, and distribution in Japan.

In addition ITEC has contacts with many customers in Japan in fields different from our core business. The Company
will work with ITEC to strengthen the development capability of software for equipment and to collaborate in the
agricultural business. In addition, the Company will strive to create new business opportunities, aiming to strengthen
the competitiveness of the entire Group and expand its business.

２．Outline of the subsidiary to be acquired.
Company Name ITEC Co Ltd.
Location Sumitomo Higashi-Shinbashi Building No.5, 1F, 2-11-7 Higashi-Shinbashi,
Minato-ku, Tokyo

Name and title of representative President and Representative Director
Misa Oue
Embedded System Solutions
Open System Solutions
Business Description
Infrastructure Solutions
Customer support solutions
Capitalization 97.6 million yen




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Reference Material, Please refer to the original document for details.


３．Schedule

Date of resolution by the Board of January 26, 2022
Directors
Date of conclusion of share January 26, 2022
transfer agreement
Date of share acquisition February 28, 2021 (scheduled)


4. Outlook for the future

The impact on the business forecast for the fiscal year ending March 31, 2022 is expected to be minimal. If there are any
other important matters that should be disclosed, they will be disclosed separately as soon as possible.


END




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