Optorun : Notice of Establishment of the New Company
June 23, 2021 at 02:03 am
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June 23, 2021
Notice of Establishment of the New Company
We are pleased to inform you that at the Board of Directors meeting held on June 23, 2021, we have decided to establish a new company for ALD deposition equipment as follows.
1.Goal of new company
To expand the ALD deposition equipment business, we have decided to establish a new company in China, our main market, to develop, manufacture and sell ALD coater equipment. Until now, we have utilized the ALD technology of our subsidiary Afly Solution Oy (Finland, hereinafter referred to as "Afly"). This new company with our current Shanghai ALD business transferred will act as the parent company of Afly to form a new organization capable of launching the ALD deposition equipment business in full scale. Optorun head office and Optorun Taiwan will provide strong supports for the new company in the development of a ALD technology, marketing and mass production system, and we will focus on establishing the Optorun Group as the world's leading company in the field of ALD coater equipment.
2.Outline of the new company to be established (details may be changed depending on future circumstances)
(1)
Name
Not yet determined
(2) Address
Greater Shanghai area, China (details not yet determined)
(3) Title and name of
(Title) CEO
(Name) Shuo.Li
representative
(4)
Description of Business
R&D, manufacturing and sale of ALD coater equipment
(5)
Capital
Approximately RMB 120 million (Approximately YEN 2060 million)
(6)
Date of Establishment
Within year 2021
(7)
Composition of
The final decision will be made shortly. The approximate composition is as
shareholders
follows:
Optorun group 70%, Parties associated with Afly 20%, Internal and intra-
group incentive investments 10%.
(8)
Fiscal year end
Not yet determined
(9)
Other conditions
Capital
The Optorun Group with 70% stake.
relationship
Directors
Two members of the Board of Directors are dispatched
from Afly, and one member (part-time) from Optorun.
Several employees will be dispatched from Optorun
Shanghai
Business
In the beginning, all the coater manufactured by the new
relationship
company shall be purchased by Optorun for resale to
clients.
3.Remarks
The impact of this project on the Company's consolidated financial results for the fiscal year ending December 31, 2021 is currently under review. After the establishment of the new company, we plan to solicit capital investments for factory construction, R&D and working capital from outside the companies. Accordingly, the start-up and expansion of business of the new company may be influenced depending on the capital financing conditions from now on. Also, if there is a change in the outline of the new company, the business policy of the new company may be changed.
In the future, we will promptly inform you of any matters that need to be disclosed regarding their impact on business performance.
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Optorun Co. Ltd. published this content on 23 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2021 06:02:04 UTC.
OPTORUN Co.,Ltd. is a Japan-based company mainly engaged in the manufacture and sale of optical thin film equipment. Optical thin film refers to the coating of various optical components such as smart phones and lenses, and has different functions depending on the material of the coating. The company sells equipment, responds to various customer needs, provides advice on film formation processes, and provides film deposition solutions that utilize optical thin film deposition technology know-how. Its main products include optical thin film forming equipment, general purpose optical thin film forming equipment, antifouling film forming equipment, reactive plasma film forming equipment, sputtering film forming equipment for optical film, as well as Wafer level optical sputter deposition system.