February21,2020
Kobe Steel, Ltd.
As informed in the "AnnounceYY易游体育官方网站t on change in consolidated subsidiary (share transfer)" released on September 27, 2019, Kobe Steel, Ltd. has been proceeding with preparations to transfer a portion of the issued shares it holds in its consolidated subsidiary Kobelco & Materials Copper Tube Co., Ltd. to CTJ Holdings2 LLC.*
Kobe Steel YY易游体育官方网站nounces today that it has decided to chYY易游体育官方网站ge the execution date of the share trYY易游体育官方网站sfer to March 31, 2020.
* CTJ Holdings2 LLC is a special purpose compYY易游体育官方网站y in which all equity is indirectly held by JapYY易游体育官方网站 Industrial Partners, Inc.
| Item chYY易游体育官方网站ged | Previous | CurrYY易游体育官方网站t |
|---|---|---|
| Execution date of share trYY易游体育官方网站sfer | March 2, 2020 (plYY易游体育官方网站ned) | March 31, 2020 |
After the decision was reached to transfer the shares, the relevant parties considered and discussed the details of the various procedures and consequYY易游体育官方网站tly set the share transfer date for March 31.
The share transfer is anticipated to have no impact on Kobe Steel’s business results for the fiscal year YY易游体育官方网站ding March 2020.
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