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

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

Effect on Profit
The impact on business performance will be minor.