On April 24, 2025, we entered into a share purchase agreement with Litt Resources Sdn. Bhd. to acquire all issued shares of our affiliated company, NL Litt Tatt Group Sdn. Bhd.(“NLLTG”). As a result, NLLTG is expected to become our consolidated subsidiary. (The transaction is scheduled for completion in July 2025)

Since our initial investment in NL COLD CHAIN NETWORK (M) SDN. BHD. (“NLCCN”) in June 2018, followed by our investment in NLLTG in June 2022, and the complete acquisition of NLCCN in March 2023, we have been progressively working to strengthen our integrated storage and transportation services and expand our business in Malaysia.

With this consolidation, we aim to expedite decision-making and enhance our management foundation, thereby strengthening the synergies between NLLTG's precise in-house delivery services and NLCCN's extensive storage capacity, ultimately pursuing further business growth in Malaysia.

References

Notice Regarding Investment in Cold Chain Logistics Companies in Malaysia
(NL COLD CHAIN NETWORK (M) SDN. BHD.)
https://www.nichirei.co.jp/news/2018/309.html

Notice Regarding Investment in Cold Chain Logistics Companies in Malaysia
(NL LITT TATT GROUP SDN.BHD.)
https://www.nichirei-logi.co.jp/news/2022/20220415.html

For any Inquiries
Nichirei Logistic Group Inc. Strategic Planning Division
Email: N1040X003@nichirei.co.jp