TRANSLATION - FOR REFERENCE ONLY -
March 29, 2021
KOKUSAI ELECTRIC Corporation
President and CEO Fumiyuki Kanai
Announcement regarding expiration of share purchase agreement between
KOKUSAI ELECTRIC Corporation, KKR HKE Investment L.P., and Applied Materials Inc.
KOKUSAI ELECTRIC Corporation (“KOKUSAI ELECTRIC” or “the Company”) announces that the share purchase agreement, which was concluded at the end of June 2019 between the Company, KKR HKE Investment L.P. and Applied Materials Inc., has expired. Following the initial expiration date, a new agreement was made on January 1, 2021 to extend the closing until March 20, 2021 (JST), however we hereby inform you that this extension has expired without the transfer of shares.
KOKUSAI ELECTRIC will continue to build on our expertise and technical strengths and focus our business on the development and design of advanced technologies to provide all our customers with the highest quality products and services.
With the support of KKR, we will further strengthen our business platform and will consider various opportunities going forward including seeking strategic partners as well as the option of an IPO.