TDK to acquire Linergy Power Sdn Bhd shares making it a wholly-owned subsidiary

TDK Corporation (TSE:6762, hereinafter “the Company”) announces that it has resolved, at a meeting of the Board of Directors held on May 19, 2026, that Amperex Technology (Singapore) Pte. Ltd., a subsidiary of the Company engaged in the rechargeable battery business, will acquire 100% of the ordinary shares of Linergy Power Sdn Bhd (hereinafter “Linergy”) and that Linergy will become a wholly-owned subsidiary (hereinafter “the acquisition of shares”).

The details are described below.

1. Reason for the acquisition of shares

In May 2024, to further enhance corporate value, the Company formulated its long‑term vision, “TDK Transformation,” as what the Company wants to be over the next 10 years and embodies the Company’s commitment to accelerate contribution to the transformation of society and continuously transform the Company itself in order to contribute to the realization of a sustainable future. Furthermore, the Company released a Medium-term Plan that represents its three-year action plan (FY March 2025 to FY March 2027) and has been driving business in accordance with that vision.

In the core Energy Solution Business, the Company has continually introduced high value‑adding new products to the market through cutting‑edge technological development of small and medium capacity batteries, building trust among a diverse customer base. Notably, in the middle capacity battery business, the Company has leveraged its accumulated technologies and know‑how to develop and supply products tailored to customer needs, thereby differentiating itself and expanding the business. Through the acquisition of shares, the Company will be able to offer a flexible global supply structure capable of responding to the diverse needs of customers. This will further strengthen customer trust, propel further growth in the business, and accelerate the realization of “TDK Transformation.”

2. Method of the acquisition of shares

Amperex Technology (Singapore) Pte. Ltd., a subsidiary of the Company, acquire all shares of Linergy through the transfer of 100% of such shares. Upon completion of the transfer, Linergy will become a wholly-owned subsidiary.

3. Overview of the subsidiary acquiring the shares

4. Overview of Linergy

5. Overview of the counterparty to the acquisition of shares

In response to the counterparty’s request, and following a comprehensive review of the details and terms of the transaction conducted under an appropriate governance framework, the Company has determined that this information will not be disclosed.

6. Number of shares acquired, acquisition costs, and shareholding before and after acquisition

7. Timetable

8. Future outlook

Should any information requiring disclosure with respect to the impact of the acquisition of shares on the Company’s consolidated financial results become available, the Company will promptly announce it.