SBI HOLDINGS, INC. 
By Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the
whole or any part of the contents of this announcement.
SBI HOLDINGS, INC.(Incorporated in Japan with limited liability)
(Stock code: 6488) OVERSEAS REGULATORY ANNOUNCEMENT
This announcement is made pursuant to Rule 13.09(2) of the
Rules Governing the Listing of Securities on The Stock
Exchange of Hong Kong Limited.
Please refer to the attached copy of the Announcement.
On behalf of the Board SBI Holdings, Inc. Yoshitaka Kitao
Chief Executive Officer
Japan, 3 April 2012
As of the date of this announcement, the executive Directors are Mr Yoshitaka Kitao, Mr Taro Izuchi, Mr Takashi Nakagawa, Mr Kenji Hirai, Mr Tomoya Asakura, Mr Takashi Okita, Mr Noriaki Maruyama, Mr Shumpei Morita, Mr Shinji Yamauchi, Mr Makoto Miyazaki, Mr Yoshimi Takahashi and Mr Masaki Takayanagi, the non-executive Directors are Mr Yasutaro Sawada, Mr Hiroyoshi Kido, Mr Noriyoshi Kimura and Mr Hiroshi Tasaka and the independent non-executive Directors are Mr Masaki Yoshida, Mr Kiyoshi Nagano, Mr Keiji Watanabe, Mr Takeshi Natsuno and Mr Akihiro Tamaki.
April 3, 2012
SBI Holdings, Inc. (TOKYO: 8473 / Hong Kong: 6488)
SBI Holdings, Inc. ("SBIH") hereby announces that it has
concluded a memorandum of understanding (MOU) on the
establishment of a joint venture to hold online used car
auctions in China. This MOU has been concluded with Coway
International TechTrans Co., Ltd. (head office: Beijing,
China; representative: Ji Shishan; "Coway"), a member of the
group of Tsinghua University, one of the highest institutions
of learning in China. Coway commercializes the results of
research conducted by the university. This MOU has also been
concluded with Auto Server Co., Ltd. (head office: Chuo-ku,
Tokyo; President and Representative Director: Masazumi
Adachi: "Auto Server"), a portfolio company of the SBI
Group's fund, which operates the online used car distribution
business in Japan.
Making the maximum use of Auto Server's know-how, the planned
joint venture will operate the online used car auction
business that provides a market place for connecting trade-in
firms and dealers of used cars via the Internet in the
Chinese automobile market, which is significantly
expanding.
Auto Server, a leading company in the Internet-based used car
distribution business in Japan, has drastically changed the
conventional business where used car dealers participate in
the bidding at actual auction halls. By utilizing the
Internet, it has established a platform connected to more
than 80% of all actual used car auction bases in Japan,
innovating used car transactions through e-commerce.
Furthermore, to accelerate its entry into the Chinese
mainland market, Auto Server is preparing for its primary
listing on the Taiwan's GreTai Securities Market, and if
approved, it would be the first Japanese company to list
there.
Coway has been established as a technology transfer
organization to commercialize the results of research
conducted by Tsinghua University. Currently, using its
know-how, Coway provides services such as marketing licensing
consulting for companies both in China and other countries
that plan to make inroads into the Chinese market.
The SBI Group will continue to work on creating new value,
for example, by supporting investee companies in expanding
operations overseas through the use of global networks in
emerging countries, mainly in Asia, which the Group has
established.
Shareholding ratio: SBI Group: 41%, Auto Server: 10%, Coway:
49%
Initial capital: 10.0 million RMB (approximately 124 million
JPY based on the exchange rate of 1
RMB = 12.4 JPY)
Business: Online used car auctions in China
(Reference)
Name: Auto Server Co., Ltd. Representative: Masazumi
Adachi
Head office: Nihonbashi MS Bldg. 2F, 2-9-8 Nihonbashi
Horidome-cho, Chuo-ku, Tokyo
Establishment: June 1997
Capital: 424 million JPY (as of February 2012) Business:
- Processing and provision of information on car sales using
computer communications systems of information networks
- Planning, development, sales, maintenance and management of
computer systems
Name: Coway International TechTrans Co., Ltd. Representative:
Ji Shishan
Head office: Room 701B and 701D, 7/F, Building B, Science
Park Tower (SP Tower), Tsinghua Science Park, Haidian
District, Beijing 100084, China
Establishment: June 2002
Capital: 50 million RMB (approximately 620 million JPY based
on the exchange rate of 1
RMB = 12.4 JPY; as of January 2012)
Business:
- Introduction of foreign technologies and services into
China
- Research
- Commercialization of technologies developed at Tsinghua
University
