Overview

JPP Holdings is about to take a new leap forward and I want to express my appreciation to all of the shareholders and
customers who have consistently shown their concern and encouragement.

We, as a global top-tier technical firm, creates a new future with innovative thinking.

We embark on the task to further upgrade the tangible and intangible assets accumulated over the history of JPP Holdings.
Then, by driving eco-friendly tram manufacture, tram track design and construction and city development,
we will continue to expand our profit pool and augment inter-business synergy. Additionally,
by taking action on the carbon net-zero initiative, we plan to do our part to protect the Earth. Finally,
we will continue to contribute to enhanced Real Value of JPP Group.

We put yours and our precious dreams and future into JPP Holdings, a company that will be launched with the sound of
train’s whistle. I hope the homes of our shareholders and customers can will be filled with health and happiness.

Byeong-Zoo Lee, CEO of JPP Holdings