Announcement Regarding NEC Display Solutions Becoming a Subsidiary (Joint Venture) of Sharp Corporation

March 27, 2020

On March 25, 2020, Sharp Corporation (hereinafter “Sharp”) decided and agreed with NEC Corporation (Hereinafter “NEC”. NEC and its subsidiaries and affiliated companies shall be referred to as “NEC Group”) to acquire 66% of the shares of NEC display Solutions, LTD. (Hereinafter “NDS”), a subsidiary of NEC, to become a subsidiary of Sharp and to be jointly operated with NEC as a joint venture.

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