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Liquidation of a Chinese Consolidated SubsidiaryDisclosing companyOHASHI TECHNICA INC.
Date of board resolution24 July 2026
Execution Date / Effective DateThe subsidiary is scheduled to be liquidated once the necessary procedures, including approval from the relevant authorities, have been completed.
Target company
Procurement and sale of automobile parts, and import and export operations
Location China (Shanghai)Share capital US$4 million (¥560 million)Date of incorporation 30 September 2003
Net SalesRMB19,139 thousand (¥427 million), fiscal year ended December 2025
Operating profitOperating loss of RMB750 thousand (¥16 million), fiscal year ended December 2025
Net income for the current fiscal yearNet loss of RMB2,072 thousand (¥46 million), fiscal year ended December 2025
Net assetsNet assets of RMB97,362 thousand (¥2,177 million), fiscal year ended December 2025
Impact on Business Performance
The liquidation of the subsidiary is expected to have a minor impact on the Company's results.
Procedures and assumptions
Conditions Precedent to ExecutionCompletion of the necessary procedures, including approval from the relevant authorities
Management structure after acquisitionAll operations have already been transferred to 大橋汽車配件（広州）有限公司, and the subsidiary is scheduled to be liquidated after the necessary procedures have been completed. The trade name, representative and treatment of employees: Not disclosed
| Item | Details |
|---|---|
| Transaction name | Liquidation of a Chinese Consolidated Subsidiary |
| Name of the Subject Company | 大橋精密件（上海）有限公司 |
| Business Description of the Subject Company | Procurement and sale of automobile parts, and import and export operations |
| Location of the Subject Company | China (Shanghai) |
| Capital Stock of the Subject Company | US$4 million (¥560 million) |
| Date of Establishment of the Subject Company | 30 September 2003 |
| Net Sales of the Subject Company | RMB19,139 thousand (¥427 million), fiscal year ended December 2025 |
| Operating Profit of the Subject Company | Operating loss of RMB750 thousand (¥16 million), fiscal year ended December 2025 |
| Net Income of the Subject Company | Net loss of RMB2,072 thousand (¥46 million), fiscal year ended December 2025 |
| Net Assets of the Subject Company | Net assets of RMB97,362 thousand (¥2,177 million), fiscal year ended December 2025 |
| Voting rights ownership percentage | Before 100％ (after not disclosed) |
| Impact on Business Performance | The liquidation of the subsidiary is expected to have a minor impact on the Company's results. |
| Date of board resolution | 24 July 2026 |
| Execution Date / Effective Date | The subsidiary is scheduled to be liquidated once the necessary procedures, including approval from the relevant authorities, have been completed. |
| Conditions Precedent to Execution | Completion of the necessary procedures, including approval from the relevant authorities |
| Management structure after acquisition | All operations have already been transferred to 大橋汽車配件（広州）有限公司, and the subsidiary is scheduled to be liquidated after the necessary procedures have been completed. The trade name, representative and treatment of employees: Not disclosed |
Items this document does not state (16)
Counterparty nameAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial Committee
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The business has been transferred to improve management efficiency through integrated manufacturing and sales operations, primarily in the Guangzhou area. The transfer of all of the subsidiary's operations has now been completed.
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