August 2, 2016

Dear Sirs/Madams,

Please note that, as of June 23, 2016, Nissei Electric Co., Ltd. increased its capital to 90 million yen, with its issued shares totaling 1,800.  This was done through a private placement to its parent company, Yangzhou Nissei Electronics Co., Ltd.

                                                    Yours respectfully,

                                                    Nissei Electric Co., Ltd.