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Notice Regarding the Full Acquisition of TOYOTA BOSHOKU DEVICE INDIA PRIVATE LIMITED

Management & Business

Toyota Boshoku Corporation (hereinafter referred to as "Toyota Boshoku") and Aisin Shiroki Co., Ltd. (hereinafter referred to as "Aisin Shiroki"), a subsidiary of Aisin Co., Ltd. (hereinafter referred to as "Aisin"), have agreed that Toyota Boshoku Asia Co., Ltd. (hereinafter referred to as "TBAS"), a subsidiary of Toyota Boshoku, will acquire the 20% of the shares in TBDI held by Aisin Shiroki. This acquisition will make TBDI a wholly owned subsidiary of TBAS as of March 24, 2025. This decision follows the completion of the transfer of non-seat products from TBDI to Aisin's Indian operations.
This matter will be implemented on the condition that the necessary procedures and responses are completed in each country.

<Outline of TBDI>
1.Name: TOYOTA BOSHOKU DEVICE INDIA PRIVATE LIMITED
2.Location: Plot No 192C, Phase-2, Sector 4, IMT BAWAL, Rewari 123502 Haryana India
3.Established: May 2014
4.Representative: Naoki Hiragushi
5.Capital: 293,080 Indian Rupees
6.Area: Land 19,181㎡, Building 11,502㎡
7. Products: Seat slide, Seat recliners, etc.
8. Employees: 641 (as of the end of February 2025)

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