Announcement of Investment in Special Purpose Company Implementing a Tender Offer for Shinko Electric Industries Co., Ltd.

Dai Nippon Printing Co., Ltd. (DNP) announced in the press release entitled “Announcement of Investment in Special Purpose Company Established for the Purpose of Acquiring the Shares of Shinko Electric Industries Co., Ltd.” dated December 12, 2023, that it will invest in JICC-04, Ltd. (the “Offeror”) along with the Fund* administered and managed by JIC Capital, Ltd. (JICC), and Mitsui Chemicals, Inc. (Mitsui Chemicals)

* Includes the fund in which Hachijuni Sustainability No. 1 Fund (general partner: Hachijuni Investment Co., Ltd.) will invest.

また、公開買付者は、国内外の競争法及び国外の投資規制法令等に基づく必要な手続及び対応が完了すること等一定の条件を前提条件として新光電気工業株式会社（以下、対象者）の普通株式に対する公開買付け（以下、本公開買付け）を開始することを予定している旨を公表しておりましたが、今般、日本、韓国、ベトナム及び中国において競争法に基づく必要な手続及び対応が完了したことを確認し、また、本日までに、その他の本公開買付けの前提条件がいずれも充足されたことを確認したことから、本公開買付けを2025年2月18日より開始することを決定したとのことです。本公開買付けの詳細は、公開買付者プレスリリースをご参照ください。

Furthermore, the schedule for the investment in the Offeror to be made in the fiscal year ending March 31, 2025 remains unchanged at the present time, and the impact of the investment on DNP’s earnings for that fiscal year will be negligible. 

The financial advisors to DNP, JICC, the Fund managed by JICC, Mitsui Chemicals, the Offeror, and Target Company as well as the tender offer agent (including their affiliates) may, within their ordinary course of business, engage during the Tender Offer Period in the purchase of, or an arrangement to purchase, the shares in Target Company for their own account or for their customers’ accounts outside the Tender Offer in accordance with Rule 14e-5(b) of the U.S. Securities Exchange Act of 1934, to the extent permitted under Japanese securities regulations and other applicable laws and regulations. Such purchases, etc. may be made at the market price through market transactions or at a price determined by negotiation outside the market. In the event that information regarding such purchases, etc. is disclosed in Japan, such information will also be disclosed in a similar manner in the U.S.