Notice Concerning Transfer of Semiconductor Laser Device Business to a Newly Established Subsidiary Through a Corporate Split and Transfer of Shares in the Newly Established Subsidiary

USHIO INC. (hereinafter, the "Company") hereby announces that, by a resolution of the Board of Directors as of today pursuant to Article 370 of the Companies Act, the Company decided to transfer all shares of a new company to be established by the Company (hereinafter, the "Newly Established Company") to KYOCERA Corporation (hereinafter, the "Share Transfer”) and concluded a share transfer agreement accordingly. The details are outlined below.

Prior to the execution of the Share Transfer, the Company intends to transfer its semiconductor laser device business (hereinafter, the "Target Business"), to the Newly Established Company through an absorption-type split (hereinafter, the "Absorption-Type Split”). Since the Absorption-Type Split is a short-form absorption-type split under which the Target Business will be succeeded by the Company’s wholly owned subsidiary, this disclosure omits certain items and details. 
 
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