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Launch of Showa Denko Materials

Hisashi Maruyama President and CEO

On October 1, 2020, Hitachi Chemical Company, Ltd. changed its company name to "Showa Denko Materials Co., Ltd."

Since its separation and independence from Hitachi, Ltd. in 1962, the Hitachi Chemical Group had expanded its businesses as a manufacturer of functional chemical materials and products based on its materials technologies to offer new functions that respond to the needs of the times in various domains.

I would like to offer my sincere gratitude to all Hitachi Chemical Group stakeholders, including customers and business partners, for their ongoing support over a long period of 58 years.

We have achieved growth by mixing, kneading, coating, stretching, and molding a broad range of organic and inorganic materials to create new functions and values in various business domains to meet the needs of industries in different times, with our many achievements including thermal resistance, thermal insulation, insulation properties, conductive properties, dielectric properties, impact resistance, wear resistance, and fine processing properties. The world is now facing unprecedented turmoil and economic stagnation caused by the spread of COVID-19. What we need to do in this global emergency is to continuously create new functions using our long-accumulated materials technologies to help the world. I believe, regardless of the times, contributing to society through providing these functions and values gives our existence significance.

With our new company name, Showa Denko Materials has become a member of the Showa Denko Group. We are now on a clear path to transform into a solution provider addressing all types of challenges, from advanced materials to processes and technical services, by combining our ability to identify real market needs in cooperation with our customers and wide-ranging materials-based technology platforms with Showa Denko Group's sophisticated materials technologies built up since its founding. The new name "Showa Denko Materials Co., Ltd." represents our determination to follow this new path as we aim to develop into a one-stop, advanced material partner providing the best solutions to the challenges facing our customers and markets by offering new functions and values derived from advanced materials.

While efforts to overcome the novel coronavirus are accelerating around the world, technological innovations featuring fifth-generation mobile communications systems (5G), advanced driver-assistance systems (ADAS) in the mobility domain, and other important developments are also making steady progress toward creating a more prosperous society. Meanwhile, global initiatives to achieve the Sustainable Development Goals (SDGs) are moving forward with the aim of addressing global challenges, including environmental issues that threaten our planet, to create a sustainable world. We, as Showa Denko Materials, will strive to contribute to society as "the global-top-class manufacturer of functional chemical materials/products" that continues to create new functions meeting the needs of the times through the development of advanced technologies. We deeply appreciate our stakeholders' continued support and understanding as we undertake these endeavors.

Hisashi Maruyama President and CEO

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