Tag: Chemicals

Showa Denko Introduces Machine Learning Operations into AI-based Prediction Systems for Accelerating Materials Development

TOKYO, Apr 21, 2022 – (ACN Newswire) – Showa Denko K.K. (SDK; TSE:4004) has introduced MLOps* (Machine Learning Operations) for efficient management of machine learning models deployed into Artificial Intelligence (AI) systems for materials design ahead of its competitors. Machine learning models can predict material properties based on formulations and manufacturing-process conditions of materials. This time, we automated input of the latest data into computers that develop machine learning models and data processing in those computers. This automation has reduced the time required to build and operate machine learning models from five days to one day per month. In addition, the introduction of MLOps enabled us to accelerate materials development by predicting material properties based on the latest data.
Machine learning process from model development to operation


SDK utilizes AI systems for efficient materials development, such as exploring the optimal material formulation. Machine learning models deployed into the AI systems predict material properties from formulations or suggest formulations that improve material properties. The machine learning process for managing the AI systems includes inputting the latest data, data processing, and continuous training of machine learning models. Previously, data scientists had to input and process the latest data for themselves. These steps accounted for about 80% of the time required for the entire machine learning process. In addition, machine learning models deployed into the AI systems are built specifically for each material. Therefore, before introducing MLOps, the development of machine learning models required a lot of time and effort due to the necessary work specialized for each material.

Aiming to address these issues caused by applying AI systems to the development of numerous materials in the Company and operating machine learning models efficiently, we have installed programs to automate the input of the latest data and data processing into our AI systems. Moreover, we have introduced technologies that enable data scientists responsible for building machine learning models and software engineers responsible for building AI systems to develop systems collaboratively even if there are differences in operating systems and programming languages they use. By introducing MLOps ahead of our competitors to manage machine learning models efficiently, we could reduce the time required to develop machine learning models and their operation, improve prediction accuracy, and stably operate dozens of AI systems. As a result, now we can propose ideal materials to our customers promptly.

The Showa Denko Group will apply the fruits of basic research in AI and computational science to materials development and quickly provide solutions that solve our customers' problems, thereby contributing to the development of a sustainable society.

*MLOps: The method and philosophy for integrating the development and operation of machine learning models. MLOps include continuous training of machine learning models, automating the machine learning process, and establishing tools and operational rules for collaborative development between data scientists and software engineers.

About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE:4004, ADR:SHWDY) is a major manufacturer of chemical products serving from heavy industry to computers and electronics. The Petrochemicals Sector provides cracker products such as ethylene and propylene, the Chemicals Sector provides industrial, high-performance and high-purity gases and chemicals for semicon and other industries, the Inorganics Sector provides ceramic products, such as alumina, abrasives, refractory/graphite electrodes and fine carbon products. The Aluminum Sector provides aluminum materials and high-value-added fabricated aluminum, the Electronics Sector provides HD media, compound semiconductors such as ultra high bright LEDs, and rare earth magnetic alloys, and the Advanced Battery Materials Department (ABM) provides lithium-ion battery components. For more information, please visit www.sdk.co.jp/english/.

Media contact:
Showa Denko K.K., Public Relations Group, Brand Communication Department, Tel: 81-3-5470-3235

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China Risun’s 2021 Interim Profit Attributable to Owners Surges 381.7% to RMB1.69 billion

HONG KONG, Aug 30, 2021 – (ACN Newswire) – China Risun Group Limited ("China Risun", or the "Group", stock code: 1907), the world's largest independent producer and supplier of coke and a leading refined chemicals producer and supplier together with relevant operation management services provider in China, has announced its interim results for the six months ended 30 June 2021 ("the Reporting Period"). Profitability increased significantly with profit attributable to owners surging 381.7% to RMB1.69 billion, achieving an outstanding performance approaching the level of the full-year profit in 2020.

In 2021, the Group has remained on its track in growth and expansion from last year, through expansion of self-production, provision of operation management services together with the formation and acquisition of different entities. Revenue for the six months ended 30 June 2021 was RMB18 billion, representing an increase of 121% period-on-period and gross profit margin increased from 14% in 2020 to 18% in 2021. Net profit margin rose significantly to 9%. Basic earnings per share of the Group was RMB40.79 cents, representing an increase of approximately 375% as compared with the corresponding period in 2020. To share the fruit of its outstanding results performance in the first half of 2021 with shareholders, the Board determined to declare an interim dividend of RMB12.30 cents per share, with a total payout of RMB546 million.

Coking industry's profitability continued to improve with greater economies of scale

Benefiting from the continuous increase in selling price, revenue from the coke and coking chemicals manufacturing business soared 92% to RMB7,706 million. Revenue from the refined chemical manufacturing business increased 88% to RMB5,507 million. In order to grasp the market opportunities, the Group will continue to upgrade its internal projects and enhance its competitiveness.

During the Reporting Period, the Group optimized the storage of coal, established an internal coal research institute and improved coal blending in terms of coke structure, blending accuracy, blending costs, etc. Recently, the Group customized coke production for large-scale blast furnace and successfully produced high-quality coke "Risun No. 1" and sold to customers, which operated 2,000 cubic meter blast furnace thereby extending the coke business to cover large-scale blast furnaces area.

The Group will also enhance the production capacity of refined chemicals facilities. Apart from the commencement of annual production capacity of 300,000 tonnes of styrene project in October 2020, the Group is now expanding the production capacity of caprolactam in Hebei and Shandong Provinces in the PRC. At the same time, the Group is further enhancing and developing new refined materials such as nylon and polystyrene, which are expected to release its high value.

Further expand business coverage through mergers and acquisitions and operations management

The Group will strive to increase its market share in independent coke market and specific refined chemicals markets by expanding operation management services together with mergers and acquisitions (including forming joint ventures). China Risun expanded its coke operation management services into Shanxi Province, China in March 2021, where it is responsible for purchasing relevant coke products from the partner at an agreed price and selling the coke products to downstream customers with sales service fees from the counterparty based on the sales volume. In addition, the Group entered into another operation management agreement for an annual production capacity of 1,200,000 tonnes of coke and coking chemicals with a third party coke producer in Jilin Province in the PRC in May 2021.

As at June 30, 2021, China Risun operated and managed totally five projects. This has effectively improved the overall profitability of the Group and expanded the development space and brand influence of the operations management segment.

New hydrogen energy business has great future potential

Apart from Hebei Dingzhou, the Group plans to actively participate in the hydrogen industrialisation plans of Hohhot, Inner Mongolia and Xingtai, Hebei, two hydrogen energy demonstration cities in the PRC. The Group aims at creating a clean low-carbon hydrogen energy supplier. Focusing on the rapid development of hydrogen energy industry in the Beijing-Tianjin-Hebei area, the Group is committed to develop projects ranging from production, storage, transportation, hydrogenation to usage together with radiation of intelligent supply of hydrogen to the whole country with advanced technology and wider customer-oriented services.

Actively expand its business to overseas

Since 2021, the Group has explored opportunities in different parts of Asia. The Group expanded its geographic layout from the PRC to Indonesia in June 2021 by establishing joint ventures with other large-scale enterprises. The Group has chosen Indonesia Morowali Industrial Park, one of the exemplary cooperation projects under the Belt and Road Initiative as another strategic move to expand its coke production capacity overseas. The project is in the early stage of construction, with a planned construction period of 13-18 months. It is expected to be put into full production begin in the middle of 2023. Dozens of large-scale metal smelting enterprises have or are planning business establishments in the park and the demand for coke is expected to be enormous in the future.

Digital transformation empowers coke and chemical industry [longitudinally/ vertically]

The Group was committed to lead the digitalization in the coke and chemical industry by continuous innovation throughout the whole process from procurement, manufacturing to sales of the products, aiming at realizing the development of "green, agglomeration, intelligence, and high-end" in the and chemical industry. "Risun Digital", the subsidiary of the Group, introduced the "Risun Industrial Cloud", which supported the Group's own digital strategic needs and actively promoted the application to the other market participants in the coke industry. By building an open cooperation platform to empower the coke and chemical industry vertically, the Group aimed to assist the digital transformation not only to the coke and chemical industry but also the energy industry.

About China Risun Group Limited
China Risun Group Limited is the world's largest independent producer and supplier of coke by volume in 2020, according to Frost & Sullivan. China Risun is an integrated coke, coking chemicals, refined chemicals and hydrogen energy products producer and supplier and relevant operation management services provider in China and occupies leading positions in a number of refined chemicals sectors both in China and globally. The vertically-integrated business model together with more than 26 years of experience in the coal chemicals industry production chain has enabled China Risun to further tap the downstream refined chemicals markets and hence diversify its income sources and create greater value.

China Risun has been listed on the main board of the Hong Kong Stock Exchange since March 2019 and is now [included/a constituent of] in various index series, including the Hang Seng Composite Index, Hang Seng Stock Connect Hong Kong Index, Hang Seng Stock Connect Hong Kong MidCap & SmallCap Index, Hang Seng Stock Connect Hong Kong SmallCap Index, Hang Seng SCHK Mainland China Companies Index, and Hang Seng SCHK ex-AH Companies Index. For more details, please visit http://www.risun.com/En/




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Electrolyte manufacturers are expanding for the global competition, the high-end solvent supplier Shida Shenghua becomes the key enterprise

HONG KONG, Aug 30, 2021 – (ACN Newswire) – According to Mitsubishi Chemical in Japan, it will spend billions of yen on increasing the output of lithium-ion battery electrolyte. These funds will invest in upgrading the equipment of factories in the United States, Britain and China, which aims to increase the annual global production capacity to 90000 tons by 2023.

It is reported that at present, Mitsubishi Chemical holds a 20 per cent share of the global market in lithium-ion battery electrolyte. Over the past decade, Mitsubishi Chemical has cooperated with Shida shenghua (603026:CH), a exclusive supplier of solvents, which underlines its advantages by the means of the high-performance electrolyte that contains additives for protecting electrodes to inhibit the generation of gases.

Mitsubishi Chemical and Shidashenghua together have nearly 300 patents related to the electrolyte. They will find the best manufacturing method for battery manufacturers by the means of these patents. At present, the products have spread in vehicle lithium batteries in Japan, the United States, Europe and other markets.

Except Mitsubishi Chemical, other Japanese material manufacturers such as JFE, holdings and Sumitomo chemical are also constantly prompting the quality and output of their products to confront with the challenges from Chinese enterprises.

It is reported that Shidashenghua currently holds 90% of the market share in lithium electrolyte exports. Attributed to the large capacity expansion of Japanese electrolyte enterprises in the later stage, the lithium solvent demand is huge. Shidashenghua remarks that it would increase the export proportion as much as possible, and has built a subsidiary in Japan for strengthening the R&D cooperation with Japanese electrolyte enterprises.

A electrolyte expert in Mitsubishi Chemical remarks that, in the global solvent market, only the quality of Shidashenghua's solvent is the best. For high-end power batteries, Shidashenghua's solvent is their only choice as the electrolyte. The safety performance requirement of power batteries is very high, consequently, the certification cycle of lithium electric solvent limits in 8-10 years.


Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Azelis publishes its 2020 sustainability report, demonstrating progress against ambition to innovate and advance in sustainability

SINGAPORE, Aug 26, 2021 – (ACN Newswire) – Azelis, a leading innovative service provider in the specialty chemicals and food ingredients industry, is proud to publish its second sustainability report which covers the 2020 group-wide sustainability performance.


Highlights & rationale
– The report showcases Azelis' environmental, social, and governance (ESG) commitments and reinforces its ambitions to become the world-leading provider of sustainable solutions and services
– Azelis sustainability strategy, Action 2025, is built upon four pillars: People, Products and Innovation, Governance and Environment
– Azelis was awarded a Platinum rating by EcoVadis, the highest distinction in the supplier sustainability rating scheme, a recognition of its sustainability commitments

Azelis' sustainability journey started in 2015 when the company defined the fundamentals of its sustainability program, following the Paris Agreement on climate change and the release of the 2030 Agenda for Sustainable Development by the United Nations. Based on the United Nations Global Compact (UN GC) initiative, ISO 26000 and the Global Reporting Initiative (GRI), the program consists of four pillars, each with goals and KPIs. Within each pillar, Azelis also contributes to a number of United Nations Sustainable Development Goals (UNSDGs).

In 2020, Azelis laid the grounds for its new sustainability strategy, Action 2025. Rolled out in early 2021, the strategy captures the company's continued ambitions to innovate and to advance in sustainability. The main 2020 developments across all four pillars of the Azelis sustainability strategy include:

– People – Another edition of the company-wide employee satisfaction survey, which has been in place since 2014, was conducted. Thanks to the extensive improvement actions put in place across the entire organization following the 2018 survey, Azelis succeeded in already reaching the 2025 goals for loyalty and working conditions and is very close to the goal for engagement. As the company aims to continuously improve, it intends to raise the bar of the 2025 goals by the end of 2021.

– Products and Innovation – Azelis continued with the identification of sustainable products and intensified sustainable formulation work. For this, the company specifically focused on products that minimize or eliminate the use and generation of hazardous substances. Progress was also made on the sustainable sourcing due diligence procedure in 2020. This was reinforced by Azelis' membership to "Together for Sustainability" a joint initiative and global network of 31 chemical companies, which delivers the de facto global standard for environmental, social and governance performance of chemical supply chains.

– Governance – Azelis launched its SpeakUp! Policy and SpeakUp! Line, which are available to employees and any third-party stakeholder for reporting malpractices. This ensures a culture where employees are encouraged to speak up in a safe environment, and where they will not feel victimized or retaliated against.

– Environment – Azelis is committed to a carbon intensity reduction target of 25% by 2025 and 50% by 2030. Furthermore, the company has set targets of using 100% of electricity in its offices and sites from renewable sources as well as decarbonization in its operations and supply chain.

Dr. Hans Joachim Muller, Azelis Chief Executive Officer, comments: "Perhaps the most important lesson of 2020 was that we cannot and must not continue as before the Covid-19 pandemic. It is the responsibility of all of us, as businesses, as consumers, as human beings, to act more sustainably and responsibly. Despite the turmoil 2020 brought, it has been yet another pivotal year of progress for Azelis. More than ever, sustainability is a driver of innovation for Azelis and innovation is a driver of sustainability. Across all market segments, our formulation experts are helping customers reduce their environmental impact by developing innovations that minimize or eliminate the use and generation of hazardous substances. They are also creating formulations and practices that deliver enhanced performance while protecting human health and the environment. Our innovations catalyze sustainability in the market segments we serve and their value chains, and will help realize concepts such as circular economy."

Maria J. Almenar Martin, Group Safety, Health, Environment and Quality (SHEQ) and Sustainability Director, adds: "As Group Sustainability Director I look back at our 2020 sustainability achievements proudly and with excitement and confidence to the years to come to reach our 2025 sustainability targets. With our recently awarded Platinum rating from EcoVadis and this latest edition of the sustainability report, we confirm to all our partners the proven track record of our sustainability efforts and commitments since we started our journey back in 2015. We are in a resolute course of action to be catalyst of change when it comes to sustainable business models and become the benchmark for the industry."

To become a world-leading innovation service provider in the specialty chemicals and food ingredients distribution industry, Azelis has identified digitalization, innovation and sustainability as its growth drivers. Through Azelis' connected solutions, the company is leading the way in customer engagement, whilst providing the digital insight that will drive new levels of chemical innovation. With its redefined sustainability strategy, Action 2025, Azelis is building a resilient, thriving and responsible business. Through these commitments, the company will meet the needs of its stakeholders, whilst also creating a positive and widespread impact on the environment and communities around the world.

Contact information
Azelis
Marina Kaptein
Group Communications Director
T: +32 3 613 0125
E: marina.kaptein@azelis.com

About Azelis

Azelis is a leading global innovation service provider in the specialty chemical and food ingredients industry present in over 50 countries across the globe with around 2,500 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to more than 45,000 customers, supported by ~2,200 principal relationships, creating a turnover of EUR 2.22 billion (2020).

Across our extensive network of more than 60 application laboratories, our award-winning staff help develop formulations and provide technical guidance throughout the customers' product development process. We combine a global market reach with a local footprint to offer a reliable, integrated and unique digital service to local customers and attractive business opportunities to principals. EcoVadis Platinum rated, Azelis is a leader in sustainability. We believe in building and nurturing solid, honest and transparent relationships with our people and partners.

Impact through ideas. Innovation through formulation.

www.azelis.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

PRC’s Largest Pearlescent Pigment Producer Global New Material International Holdings Limited Announces Details of Proposed Listing on the Main Board of HKEX

HONG KONG, Jun 29, 2021 – (ACN Newswire) – Global New Material International Holdings Limited ("Global New Material", together with its subsidiary the "Group"), the largest pearlescent pigment producer in the PRC*, has announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX"). The Group's business principally focuses on the production and sales of a comprehensive portfolio of pearlescent pigment products. The products are sold to customers in the PRC and more than 30 other countries and territories in Asia, Europe, Africa and South America under its brand of "Chesir Pearl" .
Chairman, Chief Executive Officer and Executive Director of Global New Material International – Mr. SU Ertian


Professor FU Jiansheng (right), the Group's Chief Engineer and a pioneer in pearlescent pigment industry in the PRC, guides research and development work




Highlights
— The Group is the largest pearlescent pigment producer in the PRC, with a market share of 11.0%. It is also the fourth largest pearlescent pigment producer in the global market with a market share of 3.0%*.
— The Group possesses a comprehensive portfolio of pearlescent pigment products for use in diverse applications and industries, including industrial coatings, plastics, textiles and leather, cosmetics and automotive coatings. The products are sold within the PRC and more than 30 other countries and territories in Asia, Europe, Africa and South America, under the brand "Chesir Pearl" .
— Strong R&D capabilities: its R&D efforts are led by a team of professionals including a pioneer and professor in the PRC pearlescent pigment industry, with 26 patents already registered in the PRC.
— High product quality: the Group's synthetic mica powder products are in compliance with the Japanese Standards of Quasi-Drug Ingredients. Its cosmetic-grade pearlescent pigment products are well recognised in the international market. Its automotive pearlescent pigment products have passed the IATF 16949:2016 certification, which is the general standard of the international automotive industry.
— Proven track record: the Group's revenue grew at a CAGR of 33.7% from FY2018 to FY2020 and reached RMB569.1 million in FY2020. Gross profit margin was 49.9% in FY2020. Profit grew to RMB152.9 million in FY2020 at a CAGR of 37.1% from FY2018 to FY2020. Net profit margin reached 26.9%.
— In the future, the Group will expand its production capacity for pearlescent pigment products in order to fully grasp the huge market opportunities in the global and PRC pearlescent pigment markets.
— Introduced two cornerstone investors: Shanghai Huijin Asset Management Co., Ltd. and YBN Investments Limited who have agreed to invest RMB32.0 million (equivalent to HK$38.0 million) and HK$50.0 million respectively, representing the total investment amount of HK$88.0 million from the Cornerstone Investors

Offering Details
Global New Material plans to offer an aggregate of 290,674,000 shares ("Offer Share(s)") (subject to over-allotment option), of which 261,606,000 shares will be for International Offering (subject to re-allocation and over-allotment option), and 29,068,000 shares will be for Hong Kong Public Offering (subject to re-allocation). The indicative offer price range is between HK$3.52 and HK$4.22 per Offer Share. Assuming that the over-allotment option is not exercised and the Offer Price is HK$3.87 per share (being the mid-point of the indicative offer price range), it is estimated that the net proceeds from the offer (after deducting underwriting fees and commissions and estimated expenses) will be approximately HK$1,052.9 million.

The Hong Kong Public Offering will commence on 30 June 2021 (tomorrow, Wednesday) and will end at 12:00 noon on 6 July 2021 (Tuesday). The final Offer Price and allotment results will be announced on or before 15 July 2021 (Thursday). Trading of Global New Material's shares will commence on the Main Board of HKEX on 16 July 2021 (Friday), under the stock code of 6616. Shares will be traded in board lots of 1,000 shares each.

Essence Corporate Finance (Hong Kong) Limited is the Sole Sponsor of the listing, and Essence International Securities (Hong Kong) Limited is the Sole Global Coordinator, Joint Bookrunner and Joint Lead Manager.

Cornerstone Investors
The Group has entered into Cornerstone Investment Agreements with two investors, namely Shanghai Huijin Asset Management Co., Ltd ("Shanghai Huijin") and YBN Investments Limited ("YBN Investments") (together, the "Cornerstone Investors"). Following the Listing, Shanghai Huijin No. 3 Fund and YBN Investments will hold the International Offer Shares issued and allotted to Shanghai Huijin and YBN Investments, respectively. Assuming that the Offer Price is HK$3.87 per Share (being the mid-point of the indicative range of the Offer Price), the total cornerstone investments by the Cornerstone Investors shall amount to an aggregate of HK$88.0 million, for the subscription of 22,495,000 International Offer Shares in total.

Shanghai Huijin No. 3 Fund will hold the International Offer Shares issued and allotted to Shanghai Huijin following the Listing. Shanghai Huijin No. 3 Fund is an investment fund in the PRC and managed by Shanghai Huijin. Founded by Ms. JU Wei, the principal business of Shanghai Huijin includes asset management and investment management, with assets under management exceeding RMB300 million. According to the Cornerstone Investment Agreements and assuming that the Offer Price is HK$3.87 per Share (being the mid-point of the indicative range of the Offer Price), Shanghai Huijin has agreed to invest RMB32.0 million (equivalent to HK$38.0 million) for the subscription of 9,576,000 International Offer Shares, representing 3.29% of the initial number of the Offer Shares (without taking into consideration any Shares which may be issued upon the exercise of the Over-allotment Option and any option that may be granted under the Post-IPO Share Option Scheme).

YBN Investments is a wholly-owned subsidiary of YBN International Holdings Limited, a company controlled by YBN Holdings Limited which is owned as to 46.75% by CITIC International Assets Management Limited. According to the Cornerstone Investment Agreements and assuming that the Offer Price is HK$3.87 per Share (being the mid-point of the indicative range of the Offer Price), YBN Investments has agreed to invest HK$50.0 million for the subscription of 12,919,000 International Offer Shares, representing 4.44% of the initial number of the Offer Shares (without taking into consideration any Shares which may be issued upon the exercise of the Over-allotment Option and any option that may be granted under the Post-IPO Share Option Scheme).

Investment Highlights
The largest pearlescent pigment manufacturer in the PRC; leveraging the advantages of being the industry leader to fully grasp the huge market opportunities in the PRC and across the world
The Group is the largest pearlescent pigment producer in the PRC market, with a market share of 11.0%*. In the global market, the Group is the fourth largest pearlescent pigment producer, with a market share of 3.0%*. The Group's principle products include natural mica-based and synthetic mica-based pearlescent pigment products. Pearlescent pigment products are generally used as in a wide range of industrial and non-industrial applications. The synthetic mica-based pearlescent pigment market is in a state of rapid development and accounted for 15.8% of the PRC pearlescent pigment market in 2020, amounting to RMB4,843.9 million*.

The Group produces and sells a comprehensive portfolio of pearlescent pigment products for use in diverse applications and industries, including industrial coatings, plastics, textiles and leather, cosmetics and automotive coatings. Its products are sold within the PRC and more than 30 other countries and territories in Asia, Europe, Africa and South America under its brand of "Chesir Pearl" .

As a new type of functional material, the market growth of pearlescent pigment products is primarily driven by the gradual replacement of, and as an alternative to, traditional organic pigment and metallic pigment products. In addition, pearlescent pigment products have remarkable chemical and optical properties, such as temperature resistance, weather resistance, lightfastness, water resistance and colour fastness, hence the use of pearlescent pigment products has been expanded to other innovative downstream applications, and has been generally accepted by customers across different industries.

The Group has been persistent in its innovation and research efforts in the development of new products and new applications through continuous improvements in its production and processing technology, as well as its production plant and machinery, resulting in rapid business growth. During the three years ended 31 December 2020, the Group continued to expand the production capacity of its Phase 1 Production Plant. Consequently, the Group's designed annual production capacity of pearlescent pigment products increased from 10,464 tonnes in FY2018 to 13,740 tonnes in FY2020. The designed annual production capacity of synthetic mica powder remained stable during FY2018 and FY2019 at 4,752 tonnes and increased to 9,504 tonnes in FY2020. The continuous increase in scale of production has enabled the Group to achieve economies of scale through increasing its production efficiency and lowering its cost of production while ensuring a stable product quality.

The proprietary production technologies and well-designed production plant and machinery ensured the Group's product quality
The Group's proprietary production technologies and the use of a well-designed production plant and industry leading machinery in the production processes are key to ensuring its product quality and improving its production efficiency. The Group focuses on refining and improving its production processes, developing corresponding machinery and continuing to improve the automation level of its production process.

The Group's synthetic mica powder products are certified as having a free fluorine level of less than 10 ppm, pursuant to the Japanese Standards of Quasi-Drug Ingredients and are thus safe for use in cosmetics. The Group's cosmetic-grade pearlescent pigment products can be used in the production of high-end cosmetics. In addition, the Group's automotive pearlescent pigment products have passed the IATF 16949:2016 certification, which is the general standard of the international automotive industry. Its automotive pearlescent pigment products can withstand harsh environmental conditions and UV exposure and have the characteristics of weather resistance, light stability, chemical inertness and thermal stability.

The Group has implemented a comprehensive quality control system throughout its entire production process. Chesir Pearl has been accredited with ISO 9001:2015 Quality Management System certification, which involves annual reviews of its production process and the implementation of quality management systems. Chesir Pearl has also been accredited with the GB/T 45001-2020/ISO 45001:2018 occupational health and safety management system and the ISO14001 environmental management system. Chesir Pearl has also obtained the REACH certification for products sold to the EU in compliance with the REACH standards for chemicals entering the EU and KKDIK Pre-Registration Certification for products sold to Turkey.

Led by pioneer professors of the PRC pearlescent pigment industry, the Group possesses strong research and development (R&D) capabilities
The Group has a strong R&D team that focuses on developing new products and new applications, improving its production and processing technology, enhancing its production efficiency and upgrading its production plant and machinery. As of 31 December 2020, the Group had 40 R&D team members in its R&D centre, of which more than 20 are holders of bachelor's degrees or above, including five master's degree holders, four doctorate degree holders and three professors. The Group's research and development efforts are currently led by Professor Fu Jianshen, its chief engineer and a pioneer of the pearlescent pigment industry in the PRC. Members of the Group's R&D team have extensive experience in the pearlescent pigment and synthetic mica industries.

The Group is also collaborating with several universities and institutions in the PRC on various research projects, including cooperating with Guangxi Academy of Sciences to establish the National Enterprise Research and Development Technology Center for research on the industrial applications of pearlescent pigment products and synthetic mica. In addition, the Group has also cooperated with Hubei University of Technology to establish the "Chesir Pearlescent New Material Research and Development Center" for the research and development of new products and new applications, improvement and development of new production technology and the upgrading of its production plant and machinery.

As of the Latest Practicable Date^, Chesir Pearl has undertaken eight scientific research projects on a national, provincial and ministerial level in the PRC. It had also registered 26 patents and had submitted 14 patent applications in the PRC. The Group's R&D efforts are well recognised and it has received a number of awards and accolades. It obtained the accreditation of "National Intellectual Property Advantage Enterprise" in 2017 and "Innovative Technology Exemplary Enterprise" in Guangxi Zhuang Autonomous Region in 2018.

Extensive sales network and experienced management team
An extensive sales network in China enables the Group to reach a broader customer base, thereby establishing its market presence and brand awareness across the country. China is the Group's primary market, accounting for 94.8% of total revenue in FY2020. The Group has a dedicated sales and marketing team who pay visits to its trading company customers on a regular basis to offer after-sales services and promote its products. The Group has established a strong sales channel across different provinces and cities in China through its trading company customers, and set up sales offices in Chengdu in Sichuan Province, Hangzhou in Zhejiang Province, Zhengzhou in Henan Province, Wuhan in Hubei Province, Guangzhou and Dongguan in Guangdong Province and Shanghai. The Group also has a dedicated overseas sales team responsible for sales to customers in the international market.

The Group's executive directors and senior management team have over 10 years' extensive experience in the pearlescent pigment. Under the leadership of Chairman Mr. Su Ertian, its management team is set to promote the Group's future business development with their industry knowledge, forward-thinking vision, dedication and management experience. In addition to formulating the Group's business plans and strategies, the management also focuses on delivering high-quality products and continuous technological innovations, as well as fostering a corporate culture that keeps staff motivated and attracts high-calibre staff to the Group, which it considers instrumental to its continued success.

Strategic plan for the future

Fully grasp the huge market opportunities in China and across the world with its leading position in the industry
According to the Frost & Sullivan Report, the size of the global pearlescent pigment market is expected to reach RMB44.6 billion by 2025 at a CAGR of 23.9% from 2021 to 2025, among which synthetic mica-based pearlescent pigment products are expected to account for a market share of 23.6%. The Chinese pearlescent pigment market is also developing quickly and is expected to reach RMB14.2 billion by 2025 at a CAGR of 30.8% from 2021 to 2025, among which the synthetic mica-based pearlescent pigment products market is expected to assume a market share of 32.6%. The Chinese government supports the development of the pearlescent pigment market. Pursuant to the Notice of Increasing Tax Rebate for Specified Products issued by the State Taxation Administration in March 2020, pigments and pigment-based products are listed as export products that enjoy tax rebates at the latest rate of 13.0%. According to the Catalogue for Guiding Industrial Restructuring (2019 Edition) issued by the National Development and Reform Commission in November 2019, manufacturing of organic pigment products that have high light fastness, high weather resistance and high performance is included as one of the encouraged industries and enjoys policy support.

Leveraging its leading position in the pearlescent pigment industry, the Group is determined to increase its market share in the pearlescent pigment and synthetic mica industry, including the expansion of production capacity for pearlescent pigment products.

In fact, the utilisation rate of the Group's pearlescent pigment production facility reached 98.3% for the year ended 31 December 2020, giving rise to the need for the construction of Phase 2 of the pearlescent pigment production plant, in order to satisfy the increase in demand for pearlescent pigment products. Phase 2 Production Plant will enable an annual designed capacity of 30,000 tonnes and will be used to produce pearlescent pigment products, especially high-end and high-performance products for automotive and cosmetic-grade pearlescent pigment products, etc. The Group targets to complete the first phase of construction with a designed annual production capacity of 6,000 tonnes in the fourth quarter of 2021 The Group believes that the construction of Phase 2 Production Plant will help increase the production capacity of the Group's pearlescent pigment products, especially high-end pearlescent pigment products, such as automotive and cosmetic grade pearlescent pigment products.

The Group also plans to build the Luzhai Synthetic Mica Plant with a designed annual production capacity of 30,000 tonnes of synthetic mica flakes. As of the Latest Practicable Date^, the Group has commenced the initial preparation works, including project approval and land levelling, with the aim of completing the first stage of construction with a designed annual production capacity of 6,000 tonnes in the second quarter of 2022. The construction of the Luzhai Synthetic Mica Plant will help the Group increase its production capacity of synthetic mica powder. The operation of Phase 2 and the Luzhai Synthetic Mica Plant will bring greater economies of scale to the Group through expanded operations.

Looking ahead, the Group will further strengthen its research and development capabilities, including developing new products and new applications, in particular strengthening the R&D of automotive and cosmetic-grade and weather resistant pearlescent pigment products, to further improve the product structure for its high-end pearlescent products. It is also committed to diversifying applications for its pearlescent pigment products and developing customised pearlescent pigment products to meet the specific needs of various industries and its customers. At the same time, the Group's R&D team will also strengthen the R&D of the applications of new substrates and the development of more diversified pearlescent pigment products for different downstream applications. In addition, the Group will continue to invest in new technology and new plants and machinery to further improve and optimise its processing and production process, including improving the facilities of its laboratory and research and development centre, in order to enhance its production efficiency. The Group will also further improve the washing process in the pearlescent pigment production process by introducing equipment with fast-switching lines which can reduce the use of water and are environmentally friendly, to cater to industry trends and the changing needs and requirements of customers.

The Group also plans to devote more resources to marketing and advertising initiatives, to enhance its market position through promoting brand awareness. In addition to advertising, the Group also plans to participate in more technology training seminars, technology forums, and domestic and overseas exhibitions to promote its brand.

Use of proceeds

Assuming that the over-allotment option is not exercised and the Offer Price is HK$3.87 per share (being the mid-point of the indicative range of the Offer Price between HK$3.52 and HK$4.22), the Group expects the net proceeds from the Global Offering, net of estimated underwriting fees and other related expenses, will be approximately HK$1,052.9 million, which it plans to use for the following purposes:

Use of proceeds / Approximate percentage / Approximate amount
Partial financing of the construction of Phase 2 Production Plant 55.6% HK$586.4 million
Partial financing of the construction of Luzhai Synthetic Mica Plant 34.1% HK$358.9 million
Increase investment in research and development facilities and testing equipment of its research and development centre 7.1% HK$74.0 million
Sales and marketing activities and building sales network 3.2% HK$33.6 million

Financial Performance

For the Year Ended 31 December
RMB'000 2018 2019 2020 CAGR
Revenue 318,244 440,583 569,113 +33.7%
Gross Profit 146,947 218,277 284,065 +39.0%
Gross Profit Margin (%) 46.2% 49.5% 49.9% N/A
Profit for the year 81,364 107,333 152,861 +37.1%
Net Profit Margin (%) 25.6% 24.4% 26.9% N/A


*According to the Frost & Sullivan Report, based on 2020 revenue
^The Latest Practicable Date refers to 21 June 2021


Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

PRC’s Largest Pearlescent Pigment Producer Global New Material International Holdings Limited Announces Details of Proposed Listing on the Main Board of HKEX

HONG KONG, Jun 29, 2021 – (ACN Newswire) – Global New Material International Holdings Limited ("Global New Material", together with its subsidiary the "Group"), the largest pearlescent pigment producer in the PRC*, has announced the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("HKEX"). The Group's business principally focuses on the production and sales of a comprehensive portfolio of pearlescent pigment products. The products are sold to customers in the PRC and more than 30 other countries and territories in Asia, Europe, Africa and South America under its brand of "Chesir Pearl" .
Chairman, Chief Executive Officer and Executive Director of Global New Material International – Mr. SU Ertian

Professor FU Jiansheng (right), the Group's Chief Engineer and a pioneer in pearlescent pigment industry in the PRC, guides research and development work


Highlights
— The Group is the largest pearlescent pigment producer in the PRC, with a market share of 11.0%. It is also the fourth largest pearlescent pigment producer in the global market with a market share of 3.0%*.
— The Group possesses a comprehensive portfolio of pearlescent pigment products for use in diverse applications and industries, including industrial coatings, plastics, textiles and leather, cosmetics and automotive coatings. The products are sold within the PRC and more than 30 other countries and territories in Asia, Europe, Africa and South America, under the brand "Chesir Pearl" .
— Strong R&D capabilities: its R&D efforts are led by a team of professionals including a pioneer and professor in the PRC pearlescent pigment industry, with 26 patents already registered in the PRC.
— High product quality: the Group's synthetic mica powder products are in compliance with the Japanese Standards of Quasi-Drug Ingredients. Its cosmetic-grade pearlescent pigment products are well recognised in the international market. Its automotive pearlescent pigment products have passed the IATF 16949:2016 certification, which is the general standard of the international automotive industry.
— Proven track record: the Group's revenue grew at a CAGR of 33.7% from FY2018 to FY2020 and reached RMB569.1 million in FY2020. Gross profit margin was 49.9% in FY2020. Profit grew to RMB152.9 million in FY2020 at a CAGR of 37.1% from FY2018 to FY2020. Net profit margin reached 26.9%.
— In the future, the Group will expand its production capacity for pearlescent pigment products in order to fully grasp the huge market opportunities in the global and PRC pearlescent pigment markets.
— Introduced two cornerstone investors: Shanghai Huijin Asset Management Co., Ltd. and YBN Investments Limited who have agreed to invest RMB32.0 million (equivalent to HK$38.0 million) and HK$50.0 million respectively, representing the total investment amount of HK$88.0 million from the Cornerstone Investors

Offering Details
Global New Material plans to offer an aggregate of 290,674,000 shares ("Offer Share(s)") (subject to over-allotment option), of which 261,606,000 shares will be for International Offering (subject to re-allocation and over-allotment option), and 29,068,000 shares will be for Hong Kong Public Offering (subject to re-allocation). The indicative offer price range is between HK$3.52 and HK$4.22 per Offer Share. Assuming that the over-allotment option is not exercised and the Offer Price is HK$3.87 per share (being the mid-point of the indicative offer price range), it is estimated that the net proceeds from the offer (after deducting underwriting fees and commissions and estimated expenses) will be approximately HK$1,052.9 million.

The Hong Kong Public Offering will commence on 30 June 2021 (tomorrow, Wednesday) and will end at 12:00 noon on 6 July 2021 (Tuesday). The final Offer Price and allotment results will be announced on or before 15 July 2021 (Thursday). Trading of Global New Material's shares will commence on the Main Board of HKEX on 16 July 2021 (Friday), under the stock code of 6616. Shares will be traded in board lots of 1,000 shares each.

Essence Corporate Finance (Hong Kong) Limited is the Sole Sponsor of the listing, and Essence International Securities (Hong Kong) Limited is the Sole Global Coordinator, Joint Bookrunner and Joint Lead Manager.

Cornerstone Investors
The Group has entered into Cornerstone Investment Agreements with two investors, namely Shanghai Huijin Asset Management Co., Ltd ("Shanghai Huijin") and YBN Investments Limited ("YBN Investments") (together, the "Cornerstone Investors"). Following the Listing, Shanghai Huijin No. 3 Fund and YBN Investments will hold the International Offer Shares issued and allotted to Shanghai Huijin and YBN Investments, respectively. Assuming that the Offer Price is HK$3.87 per Share (being the mid-point of the indicative range of the Offer Price), the total cornerstone investments by the Cornerstone Investors shall amount to an aggregate of HK$88.0 million, for the subscription of 22,495,000 International Offer Shares in total.

Shanghai Huijin No. 3 Fund will hold the International Offer Shares issued and allotted to Shanghai Huijin following the Listing. Shanghai Huijin No. 3 Fund is an investment fund in the PRC and managed by Shanghai Huijin. Founded by Ms. JU Wei, the principal business of Shanghai Huijin includes asset management and investment management, with assets under management exceeding RMB300 million. According to the Cornerstone Investment Agreements and assuming that the Offer Price is HK$3.87 per Share (being the mid-point of the indicative range of the Offer Price), Shanghai Huijin has agreed to invest RMB32.0 million (equivalent to HK$38.0 million) for the subscription of 9,576,000 International Offer Shares, representing 3.29% of the initial number of the Offer Shares (without taking into consideration any Shares which may be issued upon the exercise of the Over-allotment Option and any option that may be granted under the Post-IPO Share Option Scheme).

YBN Investments is a wholly-owned subsidiary of YBN International Holdings Limited, a company controlled by YBN Holdings Limited which is owned as to 46.75% by CITIC International Assets Management Limited. According to the Cornerstone Investment Agreements and assuming that the Offer Price is HK$3.87 per Share (being the mid-point of the indicative range of the Offer Price), YBN Investments has agreed to invest HK$50.0 million for the subscription of 12,919,000 International Offer Shares, representing 4.44% of the initial number of the Offer Shares (without taking into consideration any Shares which may be issued upon the exercise of the Over-allotment Option and any option that may be granted under the Post-IPO Share Option Scheme).

Investment Highlights
The largest pearlescent pigment manufacturer in the PRC; leveraging the advantages of being the industry leader to fully grasp the huge market opportunities in the PRC and across the world
The Group is the largest pearlescent pigment producer in the PRC market, with a market share of 11.0%*. In the global market, the Group is the fourth largest pearlescent pigment producer, with a market share of 3.0%*. The Group's principle products include natural mica-based and synthetic mica-based pearlescent pigment products. Pearlescent pigment products are generally used as in a wide range of industrial and non-industrial applications. The synthetic mica-based pearlescent pigment market is in a state of rapid development and accounted for 15.8% of the PRC pearlescent pigment market in 2020, amounting to RMB4,843.9 million*.

The Group produces and sells a comprehensive portfolio of pearlescent pigment products for use in diverse applications and industries, including industrial coatings, plastics, textiles and leather, cosmetics and automotive coatings. Its products are sold within the PRC and more than 30 other countries and territories in Asia, Europe, Africa and South America under its brand of "Chesir Pearl" .

As a new type of functional material, the market growth of pearlescent pigment products is primarily driven by the gradual replacement of, and as an alternative to, traditional organic pigment and metallic pigment products. In addition, pearlescent pigment products have remarkable chemical and optical properties, such as temperature resistance, weather resistance, lightfastness, water resistance and colour fastness, hence the use of pearlescent pigment products has been expanded to other innovative downstream applications, and has been generally accepted by customers across different industries.

The Group has been persistent in its innovation and research efforts in the development of new products and new applications through continuous improvements in its production and processing technology, as well as its production plant and machinery, resulting in rapid business growth. During the three years ended 31 December 2020, the Group continued to expand the production capacity of its Phase 1 Production Plant. Consequently, the Group's designed annual production capacity of pearlescent pigment products increased from 10,464 tonnes in FY2018 to 13,740 tonnes in FY2020. The designed annual production capacity of synthetic mica powder remained stable during FY2018 and FY2019 at 4,752 tonnes and increased to 9,504 tonnes in FY2020. The continuous increase in scale of production has enabled the Group to achieve economies of scale through increasing its production efficiency and lowering its cost of production while ensuring a stable product quality.

The proprietary production technologies and well-designed production plant and machinery ensured the Group's product quality
The Group's proprietary production technologies and the use of a well-designed production plant and industry leading machinery in the production processes are key to ensuring its product quality and improving its production efficiency. The Group focuses on refining and improving its production processes, developing corresponding machinery and continuing to improve the automation level of its production process.

The Group's synthetic mica powder products are certified as having a free fluorine level of less than 10 ppm, pursuant to the Japanese Standards of Quasi-Drug Ingredients and are thus safe for use in cosmetics. The Group's cosmetic-grade pearlescent pigment products can be used in the production of high-end cosmetics. In addition, the Group's automotive pearlescent pigment products have passed the IATF 16949:2016 certification, which is the general standard of the international automotive industry. Its automotive pearlescent pigment products can withstand harsh environmental conditions and UV exposure and have the characteristics of weather resistance, light stability, chemical inertness and thermal stability.

The Group has implemented a comprehensive quality control system throughout its entire production process. Chesir Pearl has been accredited with ISO 9001:2015 Quality Management System certification, which involves annual reviews of its production process and the implementation of quality management systems. Chesir Pearl has also been accredited with the GB/T 45001-2020/ISO 45001:2018 occupational health and safety management system and the ISO14001 environmental management system. Chesir Pearl has also obtained the REACH certification for products sold to the EU in compliance with the REACH standards for chemicals entering the EU and KKDIK Pre-Registration Certification for products sold to Turkey.

Led by pioneer professors of the PRC pearlescent pigment industry, the Group possesses strong research and development (R&D) capabilities
The Group has a strong R&D team that focuses on developing new products and new applications, improving its production and processing technology, enhancing its production efficiency and upgrading its production plant and machinery. As of 31 December 2020, the Group had 40 R&D team members in its R&D centre, of which more than 20 are holders of bachelor's degrees or above, including five master's degree holders, four doctorate degree holders and three professors. The Group's research and development efforts are currently led by Professor Fu Jianshen, its chief engineer and a pioneer of the pearlescent pigment industry in the PRC. Members of the Group's R&D team have extensive experience in the pearlescent pigment and synthetic mica industries.

The Group is also collaborating with several universities and institutions in the PRC on various research projects, including cooperating with Guangxi Academy of Sciences to establish the National Enterprise Research and Development Technology Center for research on the industrial applications of pearlescent pigment products and synthetic mica. In addition, the Group has also cooperated with Hubei University of Technology to establish the "Chesir Pearlescent New Material Research and Development Center" for the research and development of new products and new applications, improvement and development of new production technology and the upgrading of its production plant and machinery.

As of the Latest Practicable Date^, Chesir Pearl has undertaken eight scientific research projects on a national, provincial and ministerial level in the PRC. It had also registered 26 patents and had submitted 14 patent applications in the PRC. The Group's R&D efforts are well recognised and it has received a number of awards and accolades. It obtained the accreditation of "National Intellectual Property Advantage Enterprise" in 2017 and "Innovative Technology Exemplary Enterprise" in Guangxi Zhuang Autonomous Region in 2018.

Extensive sales network and experienced management team
An extensive sales network in China enables the Group to reach a broader customer base, thereby establishing its market presence and brand awareness across the country. China is the Group's primary market, accounting for 94.8% of total revenue in FY2020. The Group has a dedicated sales and marketing team who pay visits to its trading company customers on a regular basis to offer after-sales services and promote its products. The Group has established a strong sales channel across different provinces and cities in China through its trading company customers, and set up sales offices in Chengdu in Sichuan Province, Hangzhou in Zhejiang Province, Zhengzhou in Henan Province, Wuhan in Hubei Province, Guangzhou and Dongguan in Guangdong Province and Shanghai. The Group also has a dedicated overseas sales team responsible for sales to customers in the international market.

The Group's executive directors and senior management team have over 10 years' extensive experience in the pearlescent pigment. Under the leadership of Chairman Mr. Su Ertian, its management team is set to promote the Group's future business development with their industry knowledge, forward-thinking vision, dedication and management experience. In addition to formulating the Group's business plans and strategies, the management also focuses on delivering high-quality products and continuous technological innovations, as well as fostering a corporate culture that keeps staff motivated and attracts high-calibre staff to the Group, which it considers instrumental to its continued success.

Strategic plan for the future

Fully grasp the huge market opportunities in China and across the world with its leading position in the industry
According to the Frost & Sullivan Report, the size of the global pearlescent pigment market is expected to reach RMB44.6 billion by 2025 at a CAGR of 23.9% from 2021 to 2025, among which synthetic mica-based pearlescent pigment products are expected to account for a market share of 23.6%. The Chinese pearlescent pigment market is also developing quickly and is expected to reach RMB14.2 billion by 2025 at a CAGR of 30.8% from 2021 to 2025, among which the synthetic mica-based pearlescent pigment products market is expected to assume a market share of 32.6%. The Chinese government supports the development of the pearlescent pigment market. Pursuant to the Notice of Increasing Tax Rebate for Specified Products issued by the State Taxation Administration in March 2020, pigments and pigment-based products are listed as export products that enjoy tax rebates at the latest rate of 13.0%. According to the Catalogue for Guiding Industrial Restructuring (2019 Edition) issued by the National Development and Reform Commission in November 2019, manufacturing of organic pigment products that have high light fastness, high weather resistance and high performance is included as one of the encouraged industries and enjoys policy support.

Leveraging its leading position in the pearlescent pigment industry, the Group is determined to increase its market share in the pearlescent pigment and synthetic mica industry, including the expansion of production capacity for pearlescent pigment products.

In fact, the utilisation rate of the Group's pearlescent pigment production facility reached 98.3% for the year ended 31 December 2020, giving rise to the need for the construction of Phase 2 of the pearlescent pigment production plant, in order to satisfy the increase in demand for pearlescent pigment products. Phase 2 Production Plant will enable an annual designed capacity of 30,000 tonnes and will be used to produce pearlescent pigment products, especially high-end and high-performance products for automotive and cosmetic-grade pearlescent pigment products, etc. The Group targets to complete the first phase of construction with a designed annual production capacity of 6,000 tonnes in the fourth quarter of 2021 The Group believes that the construction of Phase 2 Production Plant will help increase the production capacity of the Group's pearlescent pigment products, especially high-end pearlescent pigment products, such as automotive and cosmetic grade pearlescent pigment products.

The Group also plans to build the Luzhai Synthetic Mica Plant with a designed annual production capacity of 30,000 tonnes of synthetic mica flakes. As of the Latest Practicable Date^, the Group has commenced the initial preparation works, including project approval and land levelling, with the aim of completing the first stage of construction with a designed annual production capacity of 6,000 tonnes in the second quarter of 2022. The construction of the Luzhai Synthetic Mica Plant will help the Group increase its production capacity of synthetic mica powder. The operation of Phase 2 and the Luzhai Synthetic Mica Plant will bring greater economies of scale to the Group through expanded operations.

Looking ahead, the Group will further strengthen its research and development capabilities, including developing new products and new applications, in particular strengthening the R&D of automotive and cosmetic-grade and weather resistant pearlescent pigment products, to further improve the product structure for its high-end pearlescent products. It is also committed to diversifying applications for its pearlescent pigment products and developing customised pearlescent pigment products to meet the specific needs of various industries and its customers. At the same time, the Group's R&D team will also strengthen the R&D of the applications of new substrates and the development of more diversified pearlescent pigment products for different downstream applications. In addition, the Group will continue to invest in new technology and new plants and machinery to further improve and optimise its processing and production process, including improving the facilities of its laboratory and research and development centre, in order to enhance its production efficiency. The Group will also further improve the washing process in the pearlescent pigment production process by introducing equipment with fast-switching lines which can reduce the use of water and are environmentally friendly, to cater to industry trends and the changing needs and requirements of customers.

The Group also plans to devote more resources to marketing and advertising initiatives, to enhance its market position through promoting brand awareness. In addition to advertising, the Group also plans to participate in more technology training seminars, technology forums, and domestic and overseas exhibitions to promote its brand.

Use of proceeds

Assuming that the over-allotment option is not exercised and the Offer Price is HK$3.87 per share (being the mid-point of the indicative range of the Offer Price between HK$3.52 and HK$4.22), the Group expects the net proceeds from the Global Offering, net of estimated underwriting fees and other related expenses, will be approximately HK$1,052.9 million, which it plans to use for the following purposes:

Use of proceeds / Approximate percentage / Approximate amount
Partial financing of the construction of Phase 2 Production Plant 55.6% HK$586.4 million
Partial financing of the construction of Luzhai Synthetic Mica Plant 34.1% HK$358.9 million
Increase investment in research and development facilities and testing equipment of its research and development centre 7.1% HK$74.0 million
Sales and marketing activities and building sales network 3.2% HK$33.6 million

Financial Performance

For the Year Ended 31 December
RMB'000 2018 2019 2020 CAGR
Revenue 318,244 440,583 569,113 +33.7%
Gross Profit 146,947 218,277 284,065 +39.0%
Gross Profit Margin (%) 46.2% 49.5% 49.9% N/A
Profit for the year 81,364 107,333 152,861 +37.1%
Net Profit Margin (%) 25.6% 24.4% 26.9% N/A


*According to the Frost & Sullivan Report, based on 2020 revenue
^The Latest Practicable Date refers to 21 June 2021


Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Showa Denko and Infineon Technologies Conclude Supply Contract and Development Agreement

TOKYO, May 6, 2021 – (ACN Newswire) – Showa Denko K.K. (SDK; TSE:4004) has concluded a two-year contract including optional extension clauses with Infineon Technologies AG (Infineon), a German semiconductor manufacturer providing semiconductor solutions for automotive and industrial use worldwide, to sell SiC materials for power semiconductors and cooperatively develop SiC materials technology.

SDK expects the contract will enable Infineon to apply SDK SiC materials to various power semiconductor products and the two companies to accelerate improvement in quality of products by bringing together the two companies' knowledge.

Due to the homogeneity in properties[1] and low density of surface defects[2], SDK SiC epi-wafers materials, which were launched into the market in 2009, have been adopted by electronic device manufacturers as parts of various devices including power supply for servers of cloud computing systems, inverters for railcars and solar power generation systems, and converters installed in quick charging stands for EVs.

As the largest independent manufacturer of SiC epi-wafers (estimated by SDK), and under a motto of "Best in Class," the Showa Denko Group will continue coping with rapid expansion of the market for SiC epitaxial wafers and providing the market with high-performance and highly-reliable products, thereby contributing to the proliferation of SiC power semiconductors.

For reference, we attach Infineon's press release as follows.

Infineon increases supply security for silicon carbide by expanding the supplier base

Munich, Germany – 6 May 2021 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has concluded a supply contract with the Japanese wafer manufacturer Showa Denko K.K. for an extensive range of silicon carbide material (SiC) including epitaxy. The German semiconductor manufacturer has thus secured more base material for the growing demand for SiC-based products. SiC enables highly efficient and robust power semiconductors that are used in particular in the fields of photovoltaic, industrial power supply, and charging infrastructure for electric vehicles.

"Our broad and fast growing portfolio demonstrates Infineon's leading role in supporting and shaping the market for SiC-based semiconductors which is expected to grow 30 to 40% annually over the next five years," says Peter Wawer, President of the Industrial 2 Power Control Division at Infineon.* "The expansion of our supplier base with Showa Denko for wafers in this growth market marks an important step in our multisourcing strategy. It will support us to reliably meet the growing demand mid to long term. Furthermore, we plan to collaborate with Showa Denko on the strategic development of the material to improve the quality while cutting costs at the same time."

"We are proud to be able to provide Infineon with Best-in-Class SiC material and our cutting-edge epitaxy technology," says Jiro Ishikawa, Senior Managing Corporate Officer from Showa Denko K.K. "Our aim is to continuously improve our SiC material and develop the next technology. We value Infineon as an excellent partner in this regard."

The contract between Infineon and Showa Denko K.K. has a two-year term with an extension option. Infineon has the industry's largest portfolio of SiC semiconductors for industrial applications.

*Source: Yole, "Compound Semiconductor Market Monitor-Module 1 Q1 2021", April 2021

[1] "Homogeneity in properties" means that homogeneity in doping of nitrogen which determines physical property of wafer has been achieved. SiC power semiconductor is produced from SiC doped with nitrogen. SiC power semiconductor for high voltage requires homogeneous doping with small amount of nitrogen.
[2] "Low density of surface defects" means that the wafer has extremely small numbers of surface defects per square centimeter of wafer surface. If a surface defect exists, electricity flows through that surface defect, and the chip cannot be used as power device. On the other hand, SiC power device for large current requires large SiC chip. Therefore, low density of surface defects is necessary for achievement of high yields in production of power devices. SDK's second generation high-grade SiC epi-wafer (HGE-2G) has achieved 1/2 or less density of surface defects compared to that of the first generation product (HGE).

About Infineon

Infineon Technologies AG is a world leader in semiconductor solutions that make life easier, safer and greener. Microelectronics from Infineon are the key to a better future. In the 2020 fiscal year (ending September 30), the company reported revenue of more than 8.5 billion euros with a workforce of 46,700 people worldwide. Following the acquisition of the US company Cypress Semiconductor Corporation in April 2020, Infineon is now a global top 10 semiconductor company.

Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the over-the-counter market OTCQX International Premier (ticker symbol: IFNNY). Further information is available at www.infineon.com

This press release is available online at www.infineon.com/press
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About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.

Media contact:
Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

SDK’s Full-scale Marketing of ST60-HSM Aluminum Alloy Board with High Heat Conductivity and High Strength for On-board Bus Bar

TOKYO, Apr 27, 2021 – (ACN Newswire) – Showa Denko K.K. (SDK; TSE:4004) has started full-scale marketing of ST60-HSM aluminum alloy board[1], which has high heat conductivity and high strength, for use as on-board bus bar[2]. In 2021, SDK started to provide several automotive parts manufacturers with samples of ST60-HSM aluminum-alloy boards to be used as on-board bus bars.

ST60-HSM developed by SDK is an aluminum alloy board that has high heat conductivity equivalent to that of pure aluminum and high strength equivalent to that of 6061 aluminum alloy[3], and is used as chassis of backlit LCDs for PCs.

Due to the global movement towards carbon neutrality, the auto industry is accelerating its shift to electric vehicles including hybrid, plug-in hybrid and EVs. In addition, the industry promotes unit weight reduction in order to improve fuel efficiency and increase travelable distance. The industry is aggressively shifting from copper- to aluminum-alloy-based equipment for various components including wiring harnesses and bus bars.

SDK's ST60-HSM is an aluminum alloy board that has high heat conductivity, high strength and high electric conductivity, and also has high fatigue strength and high heat-resisting property that are required for on-board bus bar. Aluminum bus bar made of ST60-HSM is 43% lighter than conventional copper bus bar[4], and also contributes to cost reduction because the new aluminum bus bar is priced lower than conventional copper bus bar.

On the basis of technologies to design and process aluminum alloys cultivated through operation of many years, SDK will aim to maximize the value of customers' experience by providing solutions for them, thereby expanding the Showa Denko Group's aluminum rolled products business.

[1] ST60-HSM(TM): ST60 is an aluminum alloy board developed by SDK in 2001, and has as much heat conductivity as pure aluminum and as much strength as 5052 aluminum alloy, which is a typical structural material. ST60-HSM has relatively high strength and plasticity among ST60 series aluminum alloy, has as much tensile strength as 6061 aluminum alloy, and is used for internal chassis of smartphones and tablets and metal base of their cases. HSM is ab abbreviation of High Strength Metal.

[2] Bus bar: Bus bar is used to conduct electricity, and many bus bars are made of copper. A bus bar can conduct more electric current than electric wire. Thus bus bar is used to conduct large current.

[3] 6061 aluminum alloy: 6000 aluminum alloy series consists of aluminum as base material, and magnesium and silicon as additives. It has high strength, corrosion resistance and is easy to be cut. Therefore it is used as structural material. 6061 aluminum alloy includes copper and other additives to have more strength. Furthermore, 6061 aluminum alloy acquires more strength through solution treatment, hardening process and aging process.

[4] This amount of weight reduction is calculated on the basis that specific gravity of aluminum is 2.7 and that of copper is 8.9, while electric conductivity of aluminum is 54 and that of copper is 102.

About Showa Denko K.K.
Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.

Media contact:
Showa Denko K.K., CSR & Corporate Communication Office, Tel: +81-3-5470-3235

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Azelis releases ‘Action 2025’, confirming sustainability as a key driver in growth strategy

SINGAPORE, Mar 31, 2021 – (ACN Newswire) – Azelis, an innovation service provider, is excited to release its sustainability strategy, 'Action 2025', reinforcing its commitment to become the world-leading provider of sustainable solutions and services in the specialty chemicals and food ingredients distribution industry. Through its sustainability program and strategy, Azelis wants to turn the sustainability aspirations of its principals and customers into innovative sustainable solutions.



Highlights & rationale
– Azelis' sustainability commitments and efforts have further matured and are now crystalized into 'Action 2025', its new sustainability strategy.
– With its strategy, Azelis aspires to become the world-leading distributor of sustainable solutions and services in the specialty chemicals and food ingredients distribution industry.
– Together with digitalization and innovation, sustainability is a key strategic driver for Azelis' future growth.

Azelis' sustainability journey started in 2015 when the company defined the fundamentals of its sustainability program, following the Paris Agreement on climate change and the release of the 2030 Agenda for Sustainable Development by the United Nations.

The Azelis sustainability program is based on the United Nations Global Compact (UN GC) initiative, ISO 26000 and the Global Reporting Initiative (GRI). The program consists of four pillars – each with goals and KPIs – and with every pillar Azelis also contributes to the selected United Nation's Sustainable Development Goals (SDGs).

– People – we will be recognized as a global employer of choice for our industry
– Products and innovation – we will be the leader in distribution of sustainable, innovative and safe chemicals
– Governance – we will be fair in business practices and compliant with all laws and regulations, embedding trust and ethics in the foundation of our operations
– Environment – we will continually reduce the environmental impact of our operations

'Action 2025'

In its ongoing transition to an even more sustainable business model, the company has redefined its sustainability strategy – based on the four pillars set out above – and set targets for 2025. To reach these 2025 targets, Azelis will both be launching several new initiatives in the coming years and intensifying other initiatives which are already being implemented.

One very important target for Azelis is to continue to identify sustainable products within its extensive product portfolio to bring additional value to customers, helping them to achieve their sustainability goals with more environmentally-friendly products. This identification of the sustainable product portfolio is done in close collaboration with Azelis' principals who are equally dedicated to contributing to a sustainable future. Being a proud member of Together for Sustainability (TfS) and measuring and reporting on sustainability efforts within the EcoVadis framework, Azelis will continue with sustainability assessments to help its suppliers in developing sustainability practices, improve the sustainability standards in the value chain and work on the reputation of the chemical industry.

'Action 2025' is based on learnings the company gathered from in-depth interviews with suppliers and customers, results and improvement suggestions from its EcoVadis assessment, input from Azelis business representatives, and the materiality assessment exercise Azelis performed last year in the context of its first sustainability report. Azelis is committed to publishing sustainability reports annually, communicating on progress and provide further information in this important area.

Dr. Hans Joachim Muller, Azelis Chief Executive Officer, states: "We are part of a global industry that plays a significant role in the economy of the world and we have an obligation to utilize the world's resources in a sustainable manner. Aligned with our brand promise 'Innovation through formulation', it is our aspiration to contribute to a more sustainable future by connecting and empowering both principals and customers to work on the development of sustainable chemical solutions through innovation. Our innovations catalyze sustainability in the market segments we serve and their value chains, and will help realize concepts such as circular economy. Our sustainability reputation and our EcoVadis Gold ratings have already positively influenced commercial decisions of some our partners. It remains crucial to our sustainability ambitions that we continue to work with the best partners who equally respect human rights, environment and fair business practices."

Maria J. Almenar Martin, Group SHEQ & Sustainability Director, adds: "Our sustainability ambitions have been captured in a more formalized way since the creation of our sustainability program back in 2015 and have now entered a new phase with the launch of our 2025 sustainability strategy. In an ever-changing industry and world, Azelis' ambitions for a sustainable future will never stop. We want to engage our current and potential partners to contribute to our sustainable cause, next to converting the sustainability aspirations of our principals and customers into innovative sustainable solutions. We also wish to set an example for our peers and motivate them to also embark on the journey to a sustainable business model."

To become a world-leading innovation service provider in the specialty chemicals and food ingredients distribution industry, Azelis has identified digitalization, innovation and sustainability as its growth drivers. Through Azelis' connected solutions, the company is leading the way in customer engagement, whilst providing the digital insight that will drive new levels of chemical innovation. With its redefined sustainability strategy, Azelis is building a resilient, thriving and responsible business. Through these commitments, the company will meet the needs of its stakeholders, whilst also creating a positive and widespread impact on the environment and communities around the world. 'Innovation through formulation' is Azelis' passion and promise to every colleague, customer and partner, as the company combines products, ingredients and ideas – providing the expertise that will always matter in our changing world.

Learn more about 'Action 2025' with this animation video. https://www.youtube.com/watch?v=JzUGfxubX5o

Contact information
Azelis
Sarah Van Alsenoy
Corporate Communications Business Partner
T: +32 499 22 36 62
E: sarah.vanalsenoy@azelis.com

About Azelis

Azelis is a leading distributor of specialty chemicals and food ingredients present in over 50 countries across the globe with around 2,500 employees. Our knowledgeable teams of industry, market and technical experts are each dedicated to a specific market within Life Sciences and Industrial Chemicals. We offer a lateral value chain of complementary products to about 43,000 customers, creating a turnover of EUR2.22 billion (2020).

Throughout our extensive network of more than 60 application laboratories, our award-winning technical staff help customers develop formulations. We combine a global reach with a local focus to offer a reliable, integrated service to local customers and attractive business opportunities to principals. And we believe in building and nurturing solid, honest and transparent relationships with our people and partners.

Impact through ideas. Innovation through formulation.

www.azelis.com

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Showa Denko Announces Notice of Execution of Basic Agreement regarding Tender Offer over Subsidiary

TOKYO, Mar 4, 2021 – (ACN Newswire) – Showa Denko K.K. (hereinafter referred to as the "Company") hereby announces that, as of today, the Company has entered into: (i) a basic agreement (hereinafter referred to as the "Basic Agreement") setting forth the application for 3,160,306 shares of SHOKO CO., LTD. (Code number 8090, listed on the First Section of Tokyo Stock Exchange; hereinafter referred to as "SHOKO"), the Company's consolidated subsidiary, among the shares of SHOKO owned by the Company, in a tender offer for the common shares issued by SHOKO (hereinafter referred to as the "SHOKO Shares"), that will commence on March 5, 2021, with such tender offer being made by SKT Holdings Ltd. (hereinafter referred to as "SKTHD"), a wholly-owned subsidiary of iSigma Business Advancement Fund III Investment LLP (hereinafter referred to as "iSigma Business Advancement Fund III") managed and operated by iSigma Capital Corporation (hereinafter referred to as "iSigma Capital"); and (ii) a shareholder agreement (hereinafter referred to as the "Shareholder Agreement") with iSigma Business Advancement Fund III that governs the handling of the SHOKO Shares owned by the Company and SKTHD.

1. Reasoning Behind Applying for this Tender Offer

SHOKO was founded in May 1947 for the purpose of domestic sales and the import/export of chemicals and fertilizers. SHOKO Shares were listed on the Second Section of the Tokyo Stock Exchange, Inc. (hereinafter referred to as "TSE") in June 1962, and moved on to be listed on the TSE First Section in June 1981. SHOKO expanded its business and products over time, and is now handling various kinds of components and products as a general trading company dealing with chemicals, resins and metal ceramics, etc.

SHOKO considered the 2019-2021 period to be a stage for establishing a base of sustainable growth for the future in its mid-term management plan announced in 2018 in order to establish a stable revenue base for the existing business and realize sustainable growth in the mid- and long term. SHOKO developed Project Swing-by to promote reforms and is now working on three reforms; "business structural reform", "business management reform" and "human resource reform".

Meanwhile, the Company also aims to become a world-class, functional chemical manufacturer that can realize breakthroughs collectively with the Company's material technology in the midstream, Showa Denko Materials' application technology in the downstream, and the assessment and analysis technology of these two as the driving force of growth in electronics, mobility and life science as the Company showed in "The Long Term Vision of the Consolidated New Company (2021-2030) announced on December 10, 2020.

The Company has been considering measures to improve corporate value by resolving reform issues in mid-term business plans at SHOKO under a rapidly changing business environment. Under these circumstances, the Company received a proposal from iSigma Capital to improve corporate value at SHOKO. Upon careful consideration of the proposal, the Company has come to the conclusion that SHOKO can further accelerate growth and increase its corporate value through facilitating the development of customers and sales channels, expanding its product lineup, improving profitability by taking advantage of economies of scale, improving management efficiency, and so on, by utilizing the domestic and overseas networks and management know-how of iSigma Capital and its parent company, Marubeni Corporation, as well as its group companies. Therefore, the Company has today determined to enter into the Basic Agreement with SKTHD Holdings.

Further, the Shareholder Agreement has also been executed today with iSigma Business Advancement Fund III in view of the fact that the Company will continue to hold a part of the SHOKO Shares after the tender offer. The Company has agreed on the business operations of SHOKO after this transaction, such as the appointment of certain candidates to become directors of SHOKO, and the handling of the SHOKO Shares after this transaction.

If the tender offer is successful, SHOKO will cease to be one of the Company's consolidated subsidiaries due to the application made by the Company for the tender offer. However, the Company plans to continue the business relationship with SHOKO even after the tender offer is executed.

2. Overview of Shoko Co., Ltd.

(1) Name: Shoko Co., Ltd.
(2) Address: 4-1, Shiba Koen 2-Chome, Minato-ku, Tokyo
(3) Title and name of representative: Representative Director & President Junichi Inaizumi
(4) Business description: Sale of chemicals, resins, metals and other industrial materials
(5) Capital amount: 8,021 million yen (as of December 31, 2020)
(6) Date of incorporation: May 28, 1947

(7) Major shareholders and shareholding ratio*:
– Showa Denko Corp. 43.79%
– The Master Trust Bank of Japan, Ltd. (Trust Account) 3.06%
– Japan Trustee Services Bank, Ltd. (Trust Account) 1.34%
– Shoko Co., Ltd. Employees Shareholding Association 1.33%
– Japan Trustee Services Bank, Ltd. (Trust Account 5) 1.30%
– Sompo Japan Insurance Inc. 0.93%
– Mizuho Bank, Ltd. 0.87%
– Takako Nakama 0.84%
– Nobuyuki Nakama 0.71%
– Japan Trustee Services Bank, Ltd. (Trust Account 1) 0.67%

(8) Relationship between the Company and this Company
– Capital relationship: The Company holds 43.79%** of the shares outstanding (excluding treasury shares) of SHOKO.
– Personnel relationship: The Company's employees are seconded to SHOKO.
– Business relationship: The Company currently provides a loan to SHOKO. Furthermore, the Company and SHOKO are involved in the sale and purchase of chemicals, light metal and ceramic materials.
– Status as related party: SHOKO is a consolidated subsidiary of the Company, and therefore, SHOKO is regarded as a related party of the Company.

(9) Consolidated results of operations and financial position of the Target:
Fiscal year Ended December 2018 | Ended December 2019 | Ended December 2020
Net assets (million yen) 8,878 | 10,842 | 13,433
Total assets (million yen) 60,979 | 58,141 | 56,113
Net assets per share (yen) 789.04 | 965.34 | 1,198.74
Revenue (million yen) 130,502 | 119,960 | 100,726
Operating profit (million yen) 1,882 | 2,149 | 1,297
Ordinary profit (million yen) 2,060 | 2,484 | 1,625
Net profit attributable to the shareholders of the parent (million yen) 1,527 | 1,814 | 2,585
Net profit per share (yen) 139.59 | 165.85 | 236.38
Dividend per share (yen) 0.00 | 0.00 | 0.00

* The shareholding ratio is based on the shares outstanding (excluding treasury shares) as of June 30, 2020, as stated in the Report for the Second Quarter of the 101st Term submitted by SHOKO on August 12, 2020.
** The shareholding ratio is based on the net shares outstanding (10,938,570 shares), whereby the treasury shares held by SHOKO (332,898 shares) have been subtracted from the total shares outstanding (11,271,468 shares) as of December 31, 2020, as stated in the Consolidated Financial Results Summary for the fiscal year ended December 2020, which was submitted by SHOKO on February 12, 2021. Please note that the ratio has been rounded off to two decimal places.

3. Outline of SKT Holdings Ltd.,

(1) Name: SKT Holdings Ltd.,
(2) Address: 5-1, Otemachi 1-Chome, Chiyoda-ku, Tokyo
(3) Title and name of representative: CEO and Representative Director Akihiko Watanabe
(4) Business descriptions:
– 1. Acquisition, holding, administration and disposition of shares
– 2. Providing services ancillary to the above
(5) Capital 10,000 yen
(6) Date of incorporation: October 16, 2020
(7) Major shareholders and shareholding ratio: iSigma Business Advancement Fund III Investment LLP 100%
(8) Relationship between the Company and this company
– Capital relationship: N/A
– Personnel relationship: N/A
– Business relationship: N/A
– Status as related parties: N/A

4. Number of shares, acquisition price, status of owned shares prior to and after acquisition to apply for this tender offer

(1) Number of shares owned prior to application: 4,790,153 shares
– (Number of voting rights: 47,901)
– (Ratio of voting rights owned: 44.01%*)
(2) Number of shares planned for subscription: 3,160,306 shares
– (Number of voting rights: 31,603)
(3) Transfer price: 2,515,603,576 Yen (796 Yen per share)
(4) Number of shares owned after this tender offer: 1,629,847 shares
– (Number of voting rights: 16,298)
– (Ratio of voting rights owned: 14.97%*)
* The ratio of voting rights owned sets forth the ratio compared to the number of voting rights (108,850) as of September 30, 2020, as published in the Report for the Third Quarter of the 101st Term submitted by SHOKO on November 13, 2020.

5. Future outlook

In the event that the Company applies for the tender offer in accordance with the Basic Agreement, and when this tender offer is successful, SHOKO will no longer be a consolidated subsidiary of the Company.

While the effect on the Company's results for this term is expected to be minor, an announcement will be made promptly in the case that it becomes clear going forward that there will be a material effect.

About Showa Denko K.K.

Showa Denko K.K. (SDK; TSE: 4004, ADR: SHWDY) is a major manufacturer of chemical products serving heavy industry to computers and electronics. Our Petrochemicals segment provides cracker products such as ethylene and propylene; Chemicals provides high-performance gases and chemicals to semicon and other industries; Inorganics provides ceramic products: alumina, abrasives, refractory/graphite electrodes and fine carbons. Aluminum provides aluminum materials and high-value-added fabricated aluminum; Electronics provides HD media, compound semiconductors such as ultra high-bright LEDs and rare earth magnetic alloys; Advanced Battery Materials (ABM) provides lithium-ion battery components. Please visit us at www.sdk.co.jp/english/.

For further information, contact:
Showa Denko K.K., IR Office, Finance & Accounting Department, Tel: 81-3-5470-3323

Copyright 2021 ACN Newswire. All rights reserved. http://www.acnnewswire.com