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

Mail

Mr. Atsuo Omagari

TDK Company

+81 3 6778-1055

[email protected]

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.

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