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Press Release

Establishment of New Subsidiary Company in Thailand

We are pleased to announce that we got a business license from local government in Thailand.
With the establishment of subsidiary company, we expect that we will be able to expand our business and increase our presence in the region.

Summary of Subsidiary Company

〇Name: Mipox (Thailand) Co., Ltd.
〇Address: Hi-Tech Industrial Estate, 72 Moo 2 Tambol Ban-Pho, Amphur Bangpa-In, Ayudhaya 13160, Thailand.
〇Representative: Jun Watanabe, 
〇Established: January 23, 2018.
〇Capital: THB 28,000,000
〇Investment Ratio:
 MIPOX Asia Pte. Ltd. 98.0%, 
 MIPOX Malaysia SDN. Bhd. 1.0%
 Mipox Corporation 1.0%
〇Description of business: Manufacturing and sales of polishing films and other products
〇Start operation: June, 2018 (planned)

Effect on Profit

The impact on business performance will be minor.