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February 12, 2014

We correct an error in the release on June 3, 2013. We apologize for troubles caused by this.

Error : Capital 995 million yen ⇒ Correct : Capital 955 million yen

June 3, 2013

Japan Display Inc. Announces Stock Transfer of Nanox Philippines Inc.

TOKYO, June 3, 2013 – Japan Display Inc. ("JDI"), a leading global supplier of small- and medium-sized displays, announced that it purchased an 81% stake in Nanox Philippines Inc. ("NXP") from NANOX Corporation on June 1, 2013. The deal was reached and completed by a stock transfer contract which was agreed among Nippon Sheet Glass Co. Ltd., NANOX Corporation, and JDI on April 26, 2013.

JDI has entrusted NXP with its LCD module production for years and has recognized NXP's high quality and productivity. JDI is now adding NXP to its subsidiaries for LCD module production to expand production capacity and realize higher productivity to support the forthcoming increase in LCD panel output from its new 6th-generation production line at Mobara Plant in Japan.

Company Name Nanox Philippines Inc.
Location IE-5 Clark Premiere Industrial Park, M.A. Roxas Highway,
Clark Freeport Zone, Clarkfield, Pampanga, Philippines
President Nakai Katsushige
Business LCD module production
Capital 955 million yen
Shareholders Japan Display Inc. 81%
NANOX Corporation * 19%
*100% owned by Nippon Sheet Glass Co. Ltd.
Employees 4,000
(as of June 1, 2013)
                                              

Information in the press releases, including product prices and specifications, content of services and contact information, is current on the date of the press announcement, but is subject to change without prior notice.

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