ALPSALPINE Co., Ltd., Japan

Alps Electric Co., Ltd. and Alpine Co., Ltd. will merge their operations on January 1, 2019, and establish "Alps Alpine Co., Ltd." to start anew. Alpine Alpine Corporation will fully utilize the core component technology, system design capabilities, and software development capabilities of both companies to effectively achieve synergies. Alps (China) Co., Ltd. is a wholly-owned investment company established by Alps Electric Co., Ltd. in Beijing in 1995, mainly responsible for the overall management of its invested enterprises in China and the sale of their products. The company has a trading company and a communication technology research and development company in Shanghai, as well as multiple branches in cities such as Dalian, Suzhou, Hangzhou, Shanghai, Guangzhou, and Shenzhen. Recently, a research and development center has been established in Dalian. In addition, the company has invested in six factories in Dandong, Dalian, Tianjin, Wuxi, Ningbo, and Dongguan, with a total of over 23000 employees. In 2010, the company's main business performance was over 600 million yuan.