TDK: Announcement of Business Alliance and Joint Venture with Contemporary Amperex Technology Co., Limited and Notice of Establishment of Subsidiary
News Center | Press release
[Background to Disclosure] Announcement of Business Alliance and Joint Venture with Contemporary Amperex Technology Co., Limited and Notice of Establishment of Subsidiary
June 20, 2022
With regard to the business alliance between our subsidiary, Amperex Technology Limited (Hong Kong Special Administrative Region of China, hereinafter “ATL”) which deals in the business of rechargeable batteries and Contemporary Amperex Technology Co., Limited (Fujian , China, hereinafter “CATL”) which is engaged in automotive rechargeable battery business and other applications, including the establishment of a joint venture, announced in the “Business Alliance Announcement and Establishment of Joint Venture with Contemporary Amperex Technology Co., Limited” on April 28 2021 and “Announcement on Business Alliance and Establishment of Joint Venture with Contemporary Amperex Technology Co., Limited [Background to Disclosure] and Notice of Establishment of a Subsidiary” on April 27, 2022, we hereby announce that the representatives, etc. of the joint ventures, which were undetermined, have been confirmed as follows. The applicable items are underlined. [Below I]
In addition, we also announce that the date of incorporation of the subsidiary which will be the holding company of the joint ventures, which was not yet decided, has been confirmed, as announced in the above ad hoc information dated April 27 2022. Applicable items are underlined. [Below II]
I. Context of the disclosure [Business Alliance and Establishment of Joint Venture]
1. Overview of the joint venture
|
(1) |
Last name |
Xiamen Ampcore Technology Limited |
|
(2) |
Location |
Xiamen, Fujian Province, China |
|
(3) |
Representing |
Jia Zhuocheng |
|
(4) |
Company |
Development, manufacture and sale of rechargeable battery cell |
|
(5) |
Capital |
5.0 billion RMB |
|
(6) |
Creation date |
June 13, 2022 |
|
(seven) |
End of fiscal year |
the 31st of December |
|
(8) |
Net assets |
5.0 billion RMB |
|
(9) |
Total assets |
5.0 billion RMB |
|
(ten) |
Equity ratio |
ATL: 30%, CATL: 70% |
|
(1) |
Last name |
Xiamen Ampack Technology Limited |
|
(2) |
Location |
Xiamen, Fujian Province, China |
|
(3) |
Representing |
Jia Zhuocheng |
|
(4) |
Company |
Development, manufacture and sale of rechargeable batteries |
|
(5) |
Capital |
1.0 billion RMB |
|
(6) |
Creation date |
June 14, 2022 |
|
(seven) |
End of fiscal year |
the 31st of December |
|
(8) |
Net assets |
1.0 billion RMB |
|
(9) |
Total assets |
1.0 billion RMB |
|
(ten) |
Equity ratio |
ATL: 70%, CATL: 30% |
2. Schedule
|
(1) |
Board resolution date |
April 28, 2021 |
|
(2) |
Final contract date |
April 28, 2021 |
|
(3) |
Subsidiary change date |
June 14, 2022 |
II. Context of the disclosure [Establishment of a subsidiary [holding company]]
Subsidiary Overview
|
(1) |
Last name |
Xiamen Ampeak Technology Limited |
|
|
(2) |
Location |
Xiamen, Fujian Province, China |
|
|
(3) |
Representing |
Guo Weimiao* | |
|
(4) |
Company |
Holding company for 2 joint ventures of CATL and ATL |
|
|
(5) |
Capital |
RMB2,201 million |
|
|
(6) |
Creation date |
June 8, 2022 | |
|
(seven) |
Investment rate |
ATK: 100% |
|
|
(8) |
Relationship between the listed company and Ampeak |
capital relationship |
Xiamen Ampeak Technology Limited will become a wholly owned subsidiary of TDK Corporation. |
|
personal relationship |
Officers and employees of ATL, the battery subsidiary of TDK Corporation, will serve as directors. |
||
|
Business relationship |
Nothing to report |
* In the timely disclosure dated April 27, 2022, the name was Jia Zhuocheng. However, the above change has been made.
Media contacts
|
Contact |
Call |
|
|
|
Mr. Atsuo Omagari |
TDK Company |
+81 3 6778-1055 |
Disclaimer
TDK Company published this content on June 20, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jun 20, 2022 06:13:07 UTC.
Public now 2022
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