On August 29, Perusahaan Sadur Timah Malaysia (PERSTIMA) Berhad, in which JFE Shoji Trade invests, held a "PERSTIMA Group Meeting" with its subsidiaries, PERSTIMA (VIETNAM) CO. PERSTIMA Group Meeting" was held. The meeting has been held regularly online to discuss recent business performance and medium- to long-term strategies. This time, the meeting was held face-to-face for the first time in Kuala Lumpur.

On the day of the meeting, there was a lively exchange of views on how to avoid duplication among bases and realize efficient business operations in the export business, which the PERSTIMA Group is focusing on. The group as a whole discussed the specific issues faced by each base, and the meeting also provided an opportunity to deepen exchanges among the group members, which proved to be extremely meaningful. At the reception, Special Advisor Kume joined the meeting and reported on the discussions among the group during the daytime meeting.

The JFE Shoji Group, together with the PERSTIMA Group, will continue to value communication and work as one to take on challenges and expand earnings even in a difficult environment.