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Nippon Steel & Sumitomo and Nisshin Steel statement regarding share exchange-2019 China(Guangzhou)Int’l Metal &&nbs
p;Metallurgy Exhibition-metal exhibition

11/14/2018  金属展-冶金展-钢铁展-steel expo-metal &metallurgy expo
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    Nippon Steel & Sumitomo Metal Corporation and Nisshin Steel Co Ltd resolved on May 16, 2018 to conduct a share exchange effective as of January 1, 2019 wherein NSSMC will become a wholly owning parent company and Nisshin Steel will become a wholly owned subsidiary. NSSMC and Nisshin Steel entered into a share exchange agreement regarding the Share Exchange as of the same day.

NSSMC hereby announces that NSSMC has filed a registration statement on Form F-4 with the US Securities and Exchange Commission on November 2, 2018, pursuant to the US Securities Act of 1933, prior to Nisshin Steel’s extraordinary shareholders meeting to approve the Share Exchange, and that the Form F-4 has been declared effective as of November 9, 2018.

The filed Form F-4 includes NSSMC’s consolidated financial statements prepared in accordance with International Financial Reporting Standards as well as qualitative information such as the structure of the Share Exchange, business overview of NSSMC, and analysis of the financial condition and results of NSSMC. The consolidated financial statements under IFRS were prepared for the purpose of being included in the Form F-4 filed with the SEC in connection with the Share Exchange. In addition, as previously announced in the press release dated March 2, 2018, “Notice of Voluntary Adoption of International Financial Reporting Standards,” NSSMC plans to voluntarily adopt IFRS for the consolidated financial statements for the fiscal year ending March 31, 2019. While an annual report of NSSMC on Form 20-F, which will include consolidated financial statements under IFRS as of and for the fiscal year ended March 31, 2019, is planned to be filed with the SEC, NSSMC will subsequently terminate its registration to the SEC and has no plan at present to prepare and file any annual reports for subsequent periods. 金属展-冶金展-2019广州巨浪国际金属暨冶金工业展览会-亚洲最大金属冶金展-巨浪展览-2019 China(Guangzhou)Int’l Metal & Metallurgy Exhibition-metal exhibition-metal exhibition Metal exhibition, Metal expo, 2019 Metal exhibition, 2019 Metal expo, China Metal exhibition, China Metal expo, steel exhibition, steel expo, 2019 steel exhibition, 2019 steel expo, China steel exhibition, China steel expo
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