Showa Denko (SDK) (Tokyo: 4004) concluded an agreement on absorption-type company split (Absorption-type Company Split) with its wholly-owned subsidiary Shinshu Showa K.K. concerning the graphite electrode business, following today's approval by the Board of Directors. This Absorption-type Company Split is scheduled to take effect on January 1, 2023.

This announcement is a follow-up on the earlier news release of May 26, 2022 entitled 'Showa Denko to Consider Simplified Absorption-type Company Split.' Since this company split will take place between SDK and its wholly-owned subsidiary, part of items and content is omitted in this disclosure.

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