Initiatives Overseas

Resona Bank established Bank Resona Perdania in Indonesia in 1958, Resona Merchant Bank Asia in Singapore in 2017, and representative offices in four major cities in Asian countries/regions (Shanghai, Hong Kong, Bangkok and Ho Chi Minh City) with a large presence of Japanese companies. These outlets provide detailed support based on local needs, including resolving various challenges associated with overseas expansion and doing business locally. Also, in August 2020, we partnered with SAC Capital Private Limited("SAC"), which provides investment banking services such as Catalist sponsorship^*, IPO listing, underwriting, equity research and M&A advisory services, mainly in Singapore and in January 2021 acquired 15% equity stake in SAC.

Utilizing SAC's extensive local network, we will support the M&A activities of Japanese companies in Southeast Asia and support our clients' further growth in ASEAN. In addition, we have formed business alliances with leading banks in various countries (22 banks in 14 countries/regions) to complement our overseas financial functions such as lending and foreign exchange. In this manner, we have established a detailed customer support system covering nearly every corner of Asia while in North America we offer services through the expansive branch networks and Japan desks of local banks in the United States.

• *Services to support companies listed or to be listed on the Catalist market (the emerging-company market on the Singapore Stock Exchange) in relation to listing examinations and disclosure. SAC is one of the financial institutions that have been granted a full sponsor license by the Singapore Stock Exchange, enabling them to handle initial listing examinations.