SCHEDULE 13G/A 0002028318 XXXXXXXX LIVE 2 Ordinary Shares, par value $0.0001 per share 09/30/2025 0001985273 TOYO Co., Ltd G8976D107 Tennoz First Tower F16, 2-2-4 Higashi-shinagawa, Shinagawa-ku, Tokyo M0 140-0002 Rule 13d-1(d) BestToYo Technology Company Limited E9 10373757.00 0.00 9623757.00 0.00 10373757.00 N 27.5 CO (1) Represents (i) 9,623,757 ordinary shares, par value $0.0001 per share (the "Ordinary Shares"), of TOYO Co., Ltd (the "Issuer") directly held by BestToYo Technology Company Limited ("BestToYo"), and (ii) 750,000 Ordinary Shares issued to BestToYo by the Issuer under its 2024 Share Incentive Plan (the "2024 Plan") subject to certain vesting schedules to become vested in August 2027. Holders of unvested Ordinary Shares issued pursuant to the 2024 Plan still have the right to vote such shares. Mr. Junsei Ryu is the sole director of BestToYo and deemed to have voting, dispositive or investment powers over BestToYo. (2) Based on an aggregate of 37,773,997Ordinary Shares issued and outstanding hereof based on such information as disclosed in the Issuer's registration statement on Form F-3 (File No. 333-290952) initially filed on October 20, 2025, including 1,691,957 unvested Ordinary Shares issued pursuant to the 2024 Plan. WA Global Corporation E9 15153628.00 0.00 15153628.00 0.00 15153628.00 N 40.1 CO (3) Represents 15,153,628 Ordinary Shares directly held by WA Global Corporation ("WAG"). Mr. Junsei Ryu is the sole director of WAG and deemed to have voting, dispositive or investment powers over WAG. (4) Based on an aggregate of 37,773,997 Ordinary Shares issued and outstanding hereof based on such information as disclosed in the Issuer's registration statement on Form F-3 (File No. 333-290952) initially filed on October 20, 2025, including 1,691,957 unvested Ordinary Shares issued pursuant to the 2024 Plan . Junsei Ryu M0 25527385.00 0.00 24777385.00 0.00 25527385.00 N 67.6 IN (5) Represents (i) 9,623,757 Ordinary Shares held by BestToYo, (ii) 750,000 Ordinary Shares issued to BestToYo by the Issuer under its 2024 Plan, subject to certain vesting schedules which will become vested in August 2027 and (iii) 15,153,628 Ordinary Shares held by WAG. Mr. Ryu also serves as the sole director of BestToYo and WAG, respectively. Holders of unvested Ordinary Shares issued pursuant to the 2024 Plan still have the right to vote such shares. (6) Based on an aggregate of 37,773,997 Ordinary Shares issued and outstanding hereof based on such information as disclosed in the Issuer's registration statement on Form F-3 (File No. 333-290952) initially filed on October 20, 2025, including 1,691,957 unvested Ordinary Shares issued pursuant to the 2024 Plan. TOYO Co., Ltd Tennoz First Tower F16, 2-2-4, Higashi-shinagawa, Shinagawa-ku, Tokyo, Japan 140-0002 (1) BestToYo Technology Company Limited (2) WA Global Corporation (3) Junsei Ryu (1) BestToYo Technology Company Limited: c/o TOYO Co., Ltd, Tennoz First Tower F16, 2-2-4, Higashi shinagawa, Shinagawa-ku, Tokyo, Japan 140-0002 (2) WA Global Corporation: c/o TOYO Co., Ltd, Tennoz First Tower F16, 2-2-4, Higashi-shinagawa, Shinagawa-ku, Tokyo, Japan 140-0002 (3) Junsei Ryu: c/o TOYO Co., Ltd, Tennoz First Tower F16, 2-2-4, Higashi-shinagawa, Shinagawa-ku, Tokyo, Japan 140-0002 (1) BestToYo Technology Company Limited: a Cayman Islands exempted company (2) WA Global Corporation: a Cayman Islands exempted company (3) Junsei Ryu: Japanese (1) BestToYo Technology Company Limited: 10,373,757 (2) WA Global Corporation: 15,153,628 (3) Junsei Ryu: 25,527,385, including (i) 10,373,757 Ordinary Shares held by BestToYo, and (ii) 15,153,628 Ordinary Shares held by WAG. (1) BestToYo Technology Company Limited: 27.5% (2) WA Global Corporation: 40.1% (3) Junsei Ryu: 67.6% (1) BestToYo Technology Company Limited: 10,373,757 (2) WA Global Corporation: 15,153,628 (3) Junsei Ryu: 24,777,385 (1) BestToYo Technology Company Limited: 0 (2) WA Global Corporation: 0 (3) Junsei Ryu: 0 (1) BestToYo Technology Company Limited: 9,623,757 (2) WA Global Corporation: 15,153,628 (3) Junsei Ryu: 24,777,385 (1) BestToYo Technology Company Limited: 0 (2) WA Global Corporation: 0 (3) Junsei Ryu: 0 Y Y Y Y Y Y BestToYo Technology Company Limited /s/ Junsei Ryu 11/14/2025 WA Global Corporation /s/ Junsei Ryu 11/14/2025 Junsei Ryu /s/ Junsei Ryu 11/14/2025