United States Newly Tender

Sharp Corporation hereinafter Sharp and NEC Corporation hereinafter NEC completed the previously announced transaction to form a joint venture by Sharp acquiring 66 of shares for NEC Display Solutions Ltd. hereinafter NDS a subsidiary of NEC.In connection with the completion of the transaction NDS has changed its company name to Sharp NEC Display Solutions Ltd. hereinafter SNDS and has started business operations as a subsidiary of Sharp. The newly formed SNDS will continue its focus on the BtoB display business producing and developing a broad range of visual display solutions for a variety of markets and applications.Fujikazu Nakayama Senior Executive Managing Officer and Business Solutions BU President of Sharp will serve as Chairman of the new business and Hisatsugu Nakatani President of NEC Display Solutions will serve as President of SNDS.This new company represents an ongoing commitment to the display solutions business. Both Sharp and NDS display businesses are two market-leading brands in the production and development of visual solutions and the Sharp-NEC joint venture will result in a wide range of synergies. Known worldwide for a commitment to high-quality products focus on customer support and outstanding partner relationships SNDS approaches this new opportunity with plans to continue delivering high-quality innovative solutions to its customers around the world.Outline of Company as of November 1 20201 Name Sharp NEC Display Solutions Ltd.Former NEC Display Solutions Ltd.2 Location Mita Kokusai Building 4-28 Mita 1-chome Minato-Ku Tokyo Japan3 Business Description Development manufacturing and sales of visual display products and visual display solutions worldwide4 Members of the Board5 Executives6 Capitalization 3 billion yen7 Date established January 18 20008 Major shareholders and shareholding ratios Sharp Corporation 66 NEC Corporation 349 Employees Approx. 950 consolidated worldwide10 Affiliated companies