SUMIDA: Company News

Today, certain news agencies reported that the Securities and Exchange Surveillance Commission (hereafter “SESC”) is investigating allegations of violation of the Financial Instruments and Exchange Law (Insider Trading) by a former outside director of SUMIDA CORPORATION (hereafter the “Company”).

We highly regret the inconvenience caused through the media report, especially to our shareholders, customers and suppliers.

As mentioned in certain media reports, it is fact that the Company is under investigation by the SESC and that the Company is fully cooperating to clarify the case.

The concerned matter is related to an individual action by a former outside director, however, with respect to the selection of outside director candidates, the Company will strengthen efforts for prevention of recurrence and recovering of trust.

We are pleased to announce that Sumida Group, based on the resolution of the representative executive officer has reached a basic agreement today with Pontiac Coil Inc. in the United States (hereinafter called “Pontiac”) over the acquisition of 100 percent of Pontiac shares by SUMIDA AMERICA HOLDINGS INC., a Specific Purpose Company to be established as a wholly-owned subsidiary of SUMIDA CORPORATION.

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SUMIDA CORPORATION (“the Company”) would like to announce a partial correction to the content of the “Notice of the 63rd Annual General Meeting of Shareholders”,

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SUMIDA CORPORATION (the “Company”) hereby would like to inform you that the 63rd Annual General Meeting of Shareholders will be held as outlined below.

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This news item only relates to the Japanese version of the Notice of the Annual General Meeting of Shareholders.