Showa Denko (SDK) (Tokyo: 4004) announces that, today, at each of extraordinary general meetings of shareholders of SDK, HC Holdings K.K. (HCHD), which is a wholly-owned subsidiary of SDK, and Showa Denko Materials Co., Ltd. (SDMC), which is a wholly-owned subsidiary of HCHD, it was resolved that the Showa Denko Group will execute absorptiontype merger and company split, change trade names, and partially amend articles of incorporation in order to transform the Group into a holding company structure.

As a result of these resolutions, SDK will transform itself into a holding company structure, effective on January 1, 2023. At the same time, SDK and SDMC will change their trade names into 'Resonac Holdings Corporation' and 'Resonac Corporation' respectively.

For further details of SDK's transformation into a holding company structure, please refer to the news release, 'Showa Denko Decides on Absorption-type Merger & Company Split, Trade Name Change, and Partial Amendment to Articles of Incorporation to Prepare for Its Transformation into Holding Company Structure,' announced on August 4, 2022.

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