Sumitomo Electric Industries, Ltd. (TSE:5802) intends to acquire 14.7% stake in TECHNO ASSOCIE Co.,Ltd. (TSE:8249) for ¥3.8 billion on May 10, 2019. Under the term, Sumitomo Electric Industries planned to acquire 2.73 million shares of TECHNO ASSOCIE at ¥1,380 per share. Post completion, TECHNO ASSOCIE Co.,Ltd will remain listed. The tender offer will be implemented when each condition are satisfied, which are the necessary procedures and measures based on domestic and foreign competition laws are completed, the board of directors of the TECHNO ASSOCIE legally and effectively approves an opinion in favor of the tender offer, there is no event that has a significant adverse effect on the financial position of the target person. the tender offer is aiming to launch in August 2019. The transaction is resolved by the board of directors of Sumitomo Electric Industries on May 10, 2019. As of August 21, 2019, tender offer will commence from August 22, 2019 to September 19, 2019.

Deloitte Tohmatsu Financial Advisory LLC acted as a financial advisor and City-Yuwa Partners acted as legal advisor to TECHNO ASSOCIE. Daiwa Securities Co. Ltd. acted as a financial advisor and Nishimura & Asahi acted as a legal advisor to Sumitomo Electric Industries.