July 28, 2021

Japan Display Inc. (Tokyo Stock Exchange, First Section 6740)

Representative: Scott Callon, Chairman, CEO, and Representative Executive Officer

Inquiries: Akihito Okochi, CFO and Representative Executive Officer

Telephone: +81-3-6732-8100https://www.j-display.com/english/

Notice on Filing Additional Lawsuit（Update and Progress of Disclosure Matter）

As announced in the "Notice on Filing Lawsuit" dated May 21, 2021, Japan Display Inc. (JDI) had filed a lawsuit (the "Prior Lawsuit") in Kanazawa District Court against Hakusan-city, Ishikawa Prefecture, for a confirmatory judgment to the effect that it does not owe any obligation to the city to return a subsidy for constructing a plant (the "Subsidy"). JDI today filed an additional lawsuit for revocation of the administrative disposition (the "Additional Lawsuit") against Hakusan-city, Ishikawa Prefecture.

1. Court and Date of the Additional Lawsuit

(1)

Court：

Kanazawa District Court

(2)

Date of filing：

July 28, 2021

2. A Party against the Additional Lawsuit (Defendant)

(1)

Name：

Hakusan-city, Ishikawa Prefecture

(2)

Place：

2-1 Kuramitsu, Hakusan-city, Ishikawa Prefecture

(3)

Representative：

Hakusan Mayor Noriaki Yamada

3. Background of Filing the Additional Lawsuit

JDI filed the Prior Lawsuit to confirm that it does not owe any obligation to return the Subsidy in response to the order of revocation of the decision to grant the Subsidy (Hakusan-city Mayor's Order No.96, dated on January 29, 2021; the "Revocation Order") and the order to return the Subsidy (Hakusan-city Mayor's Order No.97, dated on January 29, 2021; together with the Revocation Order collectively referred to as the "Orders").

On the first oral argument date of the Prior Lawsuit, Hakusan-city claimed that the Orders are administrative disposition and must be contested in an administrative lawsuit, not the Prior Lawsuit, without clarifying any specific legal grounds.

Provisional Translation Only

This is an English translation of the original Japanese document and provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

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JDI's position is that the Orders do not fall under the category of administrative disposition, and the position remains unchanged. However, because any action to revoke the administrative disposition is subject to a short statute of limitation, JDI decided to file the Additional Lawsuit as a precautionary measure.

JDI's argument does not differ from that of the Prior Lawsuit, as disclosed in the "Notice on Filing Lawsuit" dated May 21, 2021.

  1. Summary of the Additional Lawsuit
    A lawsuit to revoke the order of revocation of the decision to grant the Subsidy (Hakusan-city Mayor's Order No.96, dated on January 29, 2021) and the order to return the Subsidy (Hakusan-city Mayor's Order No.97, dated on January 29, 2021).
  2. Prospect
    If any progress in the Additional lawsuit is made that requires JDI to disclose, it will do so immediately.

Provisional Translation Only

This is an English translation of the original Japanese document and provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

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Japan Display Inc. published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 07:42:04 UTC.