Notice of Change in Equity Method Affiliate (Partial Transfer of Shares)

Sanyo Chemical Industries Ltd. announces that it has resolved to transfer a portion of its shares in APB Corporation (Head Office: Chiyoda-ku, Tokyo; Representative director: Hideaki Horie; hereinafter called “APB”), an equity method affiliate, to TRIPLE-1, Inc.(Head Office: Hakata-ku, Fukuoka City, Fukuoka; President and CEO: Takuya Yamaguchi; hereinafter called “TRIPLE-1”), and has entered into a share transfer agreement.

As a result, APB will no longer be our affiliates accounted for using the equity method.

We will focus on research and development of functional materials for the battery industry, including polymer coated active materials, and contribute to the realization of a sustainable society by contributing to carbon neutrality through the supply of performance chemicals.

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This article is a reprint of the Sanyo Chemical’s press release posted on December 5th, 2022.

”Sanyo Chemical America is the U.S. Sales and Marketing organization of one of Japan’s leading specialty chemical producers – Sanyo Chemical Industries, Ltd. Founded in 1989, Sanyo Chemical America has more than 30 years of experience introducing innovative Japanese chemical products to American industry. Our multi-national team routinely handles all of the regulatory, logistical and commercial details involved with the importation of a broad range of made-to-order specialty chemical products into North America.”