Conclusion of Absorption-type Merger Agreements and Determination of Effective Date of Absorption-Type Merger Related to Management Integration of Hitachi Automotive Systems,Ltd., KeihinCorporation, Showa Corporation and Nissin Kogyo Co., Ltd.

As announced in the press release issued on October 30, 2019, Hitachi, Ltd. (TSE: 6501, “Hitachi”), Honda Motor Co., Ltd. (TSE: 7267, “Honda”), Hitachi Automotive Systems, Ltd. (“Hitachi Automotive Systems”), Keihin Corporation  (“Keihin”),  Showa  Corporation  (“Showa”),  and  Nissin  Kogyo  Co.,  Ltd. (“Nissin”)entered  into  the  basic  contract  regarding  a  management  integration(“the basic contract”)on October 30, 2019, to conduct the management integration through implementation of the absorption-type merger in which Hitachi Automotive Systems (a wholly-owned subsidiary of Hitachi) will be the surviving company, and Keihin, Showa and Nissin will be the disappearing companies after making Keihin, Showa and Nissin wholly-owned  subsidiaries  of  Honda  through  tender  offers  targeting  the  common shares of Keihin, Showa and Nissin.Hitachi,  Honda,  Hitachi  Automotive  Systems,  Keihin,  Showa  and  Nissin  today announced  that absorption-type merger agreementsbetween Hitachi Automotive Systems and Keihin, Hitachi Automotive Systems and Showa, and Hitachi Automotive Systems  and  Nissin,were respectivelyconcluded  todayaccording  to  the  basic contract, andthe effective date of absorption-type mergersweresettled on January 1, 2021.