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.
- The content of the web is information at press time, may change thereafter without notice. Planning goals, risks and uncertainties due to the fact, predictions and may differ from actual results. Please be forewarned.
- "Nissha" is a generic name of Nissha Co., Ltd. and "Nissha Group" is a Nissha Co., Ltd. and its group companies.

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