Notice Concerning Changes in the Scheduled Dates for the Acquisition of Shares of JOLED Inc. (Subsidiarization)

TOKYO, Japan, March 30, 2017 - Japan Display Inc. ("JDI") today announced changes in the scheduled dates for completion of a contract for the acquisition of shares of JOLED Inc. ("JOLED") and completion of the acquisition of shares of JOLED. The originally scheduled dates were stated in the announcement made on December 21, 2016 (see "Notice Concerning Basic Agreement Regarding Acquisition of Shares (Subsidiarization) of JOLED Inc.")

Details are presented below.

* * *

  1. Basic details of change (change in date)

    Originally scheduled date

    Changed date

    Execution of a definitive agreement regarding the acquisition of shares of JOLED (subsidiarization)

    (scheduled)

    By March 31, 2017

    Late June 2017

    Completion of the acquisition of shares of

    JOLED (subsidiarization) (scheduled)

    First half of fiscal 2017

    Late December 2017

  2. Reason for change in date

In regards to JDI's efforts to commercialize organic light-emitting diode (OLED) displays the company has been constructing a new business model. The acquisition date has been changed in order to further discuss and consider a framework for commercialization.

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Japan Display Inc. published this content on 30 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 March 2017 07:09:15 UTC.

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