The transaction will be implemented through a special purpose vehicle (SPV) established in Singapore by the Company. Through the SPV, the Company will acquire 100% of the equity interests in Chevron Singapore Pte. Ltd. (including its interests in SRC and Chevron Lubricants Vietnam Ltd.), Chevron Malaysia Limited, Chevron Philippines Inc., Chevron Australia Downstream Holdings Pty Ltd, and PT Chevron Oil Products Indonesia. The total acquisition price*1 is US$2,170 million (approximately JPY 336 billion). The parties expect the transaction to close in calendar year 2027, subject to customary regulatory approvals and closing conditions.