Mani, Inc. announced that the Company resolved to establish a new sales subsidiary in North America at the Board of Directors Meeting held on June 26, 2024. Details are as follows. Purpose for the establishment of a sales subsidiary in North America: Group aims to contribute to the well-being of people around the world by providing products worldwide, based on commitment The Best Quality in the World, to the World .

The company engaged in realizing corporate philosophy by beginning medium-term management plan in the fiscal year ended August 31, 2022, and reforming the business model through globalization of sales, production, and development functions with the aim of further growth. The company will establish a new sales subsidiary and strengthen sales marketing activities in North America as part of the Promotion of Global Marketing, which is one of main measures in medium-term management plan. In North America, a medically advanced region, Group has been conducting sales activities through local sales distributors; however, sales account for only about 10% of consolidated net sales, and the company recognize that expanding business in this region is an important management issue.

For future global growth, The company aims to establish Group's business foundation in the North American market by setting the following three goals: 1) expand sales through regional-oriented sales marketing, 2) develop the market through cooperation with KOL doctors capture medical trends in the and most advanced market for healthcare and medical devices. As part of future efforts, the company will establish a sales subsidiary in California with functions such as sales, marketing, and market research. While differentiating itself from major companies with the high quality of Group's products, will strengthen sales channels and distribution network in each segment, aiming to transform into a true global company.

The company will actively promote activities to help improve the quality of life (QOL) of doctors and patients by providing products with "The Best Quality in the World, to the World. Outline of sales subsidiary in North America: Company name: MANI MEDICAL AMERICA INC.(MMA). Representative: Shuichi Kurita.

Location: California, U.S.A. Business activities: Sales and marketing of MANI products in North America, Outsourcing. Establishment date: August 2024 (scheduled). Start of operation: January 2025 (scheduled).

End of business year: August 31. Capital: USD 1 million (approx. 159 million yen).

Shareholders ratio: 100% owned by MANI, INC.