Nissha concludes a basic contract for the establishment of a joint venture in South Korea

March 19, 2013

Nissha Printing Co.,Ltd.

Nissha Printing Co., Ltd. (hereinafter "Nissha") and S-MAC Co., Ltd. (hereinafter "S-MAC") concluded a basic contract as described below on March 15, 2013 to hold discussions towards the establishment of a joint venture aimed at producing film capacitive touch sensors based on the printing manufacturing method.

Background and purpose of the establishment of the joint venture

This joint venture is aimed at combining Nissha's production technology related to film-type sensors and S-MAC's sensor module production technology to produce precise, highly production efficient touch panels in the production and selling of touch panels using film capacitive sensors based on the printing manufacturing method, which is forecast to grow in the future. Doing so will increase both companies' production capacities and expand their business opportunities in the global market.

Overview of the joint venture

Company name	NST Co., Ltd.
Address	Asan City, South Korea
Date of establishment	Scheduled for about June 2013
Name of representative	Not yet determined
Investment ratio	Nissha Group 49%, S-MAC 51%
Description of business	Production of film capacitive touch sensors based on the printing manufacturing method

Overview of S-MAC

Company name	S-MAC Co., Ltd. (097780: KOSDAQ)
Address	23-15 Seogu-dong Hwaseong-si Gyeonggi-do South Korea
Date of establishment	November 18, 2004
Name of representative	Sung Chul Lee, Representative Director
Description of business	Manufacture of broadcasting and wireless communication equipment
Capital	8,202,200,000 won

Future prospects

Nissha and S-MAC will hold discussions towards the conclusion of a joint venture contract. We will announce the details of the joint venture as they become clear in future.

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- "Nissha" is a generic name of Nissha Co., Ltd. and "Nissha Group" is a Nissha Co., Ltd. and its group companies.