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AVI Raises Concerns Over Fujitec s Independent Directors, Questioning Whether They Are Acting in the Best Interests of Shareholders

Asset Value Investors ("AVI") calls into question the credibility of Fujitec's current Board of Directors following its failure to hold former President Takakazu Uchiayma to account for decades of related-party

City ofUnited kingdomTakakazu uchiaymaJoe bauernfreundCompany as chairmanAsset value investorsPresident takakazu uchiaymaOasis managementPresident takakazu uchiyama

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