[Notice] Preliminary Review Initiated for Brazilian Soybean Handling

We sincerely appreciate your continued support.
We have initiated a preliminary review regarding the handling of soybeans sourced from Brazil.

■ Market Overview
Brazil is the world’s largest soybean producer, accounting for approximately 40% of global production.
Annual production reaches around 170 million metric tons, marking record-high levels and playing a critical role in global soybean supply.
In addition, Brazilian soybeans are predominantly exported to China, which represents the core of global demand.

■ Global Production Share (Reference)
　BR (Brazil): approx. 40%
　US (United States): approx. 28%
　AR (Argentina): approx. 12%
　CN (China): approx. 5%

■ Market Position
Brazil is the world’s leading soybean powerhouse in both production and exports, exerting significant influence on global price formation and serving as a benchmark player in the international market.
Supported by China’s continuous and large-scale import demand, Brazil plays a central role in the global supply chain.
Details regarding specific transaction terms and structures will be announced as the review progresses.

Inquiry Reference No.: 2603171804ME