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News Releases

April 24, 2014

Taiwan Display Inc. (TDI) to Acquire Star World Technology Corporation (STC)
- STC's Shareholders Approved the Proposed Private Placement to TDI -

Japan Display Inc. (President and CEO: Shuichi Otsuka; JDI), a leading global supplier of small- and medium-sized displays, previously announced on December 19, 2013 that it had decided to make Star World Technology Corporation (8266.TWO; Representative: Zhengliang Xie; STC), a Taiwanese manufacturer of LCD display modules, into a subsidiary of Taiwan Display Inc. (Representative Director: Ting-Chen Hsu; TDI), JDI's wholly owned subsidiary, by making a private placement of common stock of STC, which counted approximately 80% of STC's register capital afterward through TDI. Today, STC held an extraordinary shareholders' meeting, and the shareholders approved the private placement proposal to TDI.

Subject to appropriate regulatory approval, we expect that STC will become the subsidiary of TDI at around the end of June this year. The impact from the acquisition of STC is expected to have a minor effect on JDI group’s performance.

JDI believes that TDI, by acquiring STC's module factory located in Zhuhai, China, will be able to further strengthen its business foundation in China. Taking advantage of TDI as our strategic vehicle, JDI will continue to aggressively pursue market share expansion in China, where small- and medium-sized display market, the focus of JDI’s business domain, is rapidly growing and expanding.


About STC
① Company Name: Star World Technology Corporation
② Headquarter: Kaohsiung, Taiwan
③ Chairman and General Manager: Xie Zhengliang
④ Business: Manufacturing of modules for liquid crystal displays
⑤ Date of Incorporation: January 1999
⑥ Paid-in capital: NT$ 200,786,500 (as of 23 April 2014)
⑦ Consolidated Sales: NT$ 389,696,000 (2013 financial year)
⑧ Consolidated Employees: 1,120 (as of 23 April 2014)
⑨ Exchange of Listing: Gre Tai Securities Market

Reference: JDI press release
"Japan Display Inc. Establishes a New Subsidiary in Taiwan", October 23, 2013
"Taiwan Display to Acquire Shares in a Taiwanese Display Module Manufacturer and Establish a New Subsidiary in China", December 19, 2013



About JDI
Japan Display Inc. (JDI) is the leading global manufacturer of small- and medium-sized display panels and has the world's largest manufacturing capacity for LTPS LCD panels. JDI develops, designs and manufactures displays that provide high resolution, low power consumption and an ultra thin structure for application in smartphones, tablets, automotive electronics, digital cameras, medical equipment and other electronic devices. The company's major customers include leading consumer electronics manufacturers and other well-known global companies. JDI was formed through the consolidation of the display panel businesses of Sony, Hitachi and Toshiba and commenced operations on April 1, 2012.


The information contained in this press release is accurate as of the date of issuance and is subject to change without notice. Information in this press release, other than statements of historical fact, constitutes forward-looking statements, which are based on available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements.

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