We announce that procedures for establishing a joint company with FIEM Industries Limited (hereinafter FIEM) were completed, as announced on March 30, 2018 in "Announcement Regarding Establishment of a New Subsidiary."

1. Overview of the joint company (our subsidiary)
(1) Name
AISAN FIEM Automotives India Private Limited
(2) Location
National Capital Territory of Delhi, India
(3) Representative
President Yasuhisa Ohashi
(4) Business description
Production and sales of fuel pump modules for two-wheelers and three-wheelers
(5) Capital stock
INR 1 billion (About 16.50 million JPY*)
(6) Foundation
JUN 7, 2018
(7) Major Shareholders
AISAN 69%, FIEM 26%, Toyota Tsusho Corporation India 5%
(8) Relationship with our company
No matters to be stated.
* Exchange rate: 1 INR = 1.65 yen

2. Effect on business performance
No effect on our business performance.

Note) The above predictions have been made based on the information available as of the time of writing, and actual business performance may differ from the predictions owing to various factors.