Daikin: Notice of Establishment of New Subsidiary in China

Daikin announces that a resolution was passed at the Board of Directors meeting held on May 30, 2019, to establish a new subsidiary in China for the manufacture and sales of fluorochemical products as stated below. The subsidiary is being established to strengthen the manufacturing and sales functions for fluorochemical products in China in the semiconductor and battery materials market where demand is expected to substantially expand in the medium and long term.