Japan Display Inc. (JDI) agreed with INCJ Ltd. to extend the September 3, 2022 repayment date of the JPY 20 billion loan executed on September 3, 2019 (Loan). JDI originally executed the Loan on September 3, 2019 and later agreed with INCJ to extend the Loan by two years, as announced in the August 6, 2020 release "Notice Regarding Extension of Repayment Due Date for Short-Term Loans." JDI had planned to repay the Loan on the original repayment date of September 3, 2022, but in light of growing uncertainty in the business environment due to rising inflation and heightened geopolitical risks, JDI and INCJ agreed to extend the Loan to December 28, 2022.
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