Update on Disclosed Matter: Mitsubishi Electric’s Execution of the Company-split Agreement to Transfer Automotive-equipment Business to Newly Incorporated Subsidiary as Part of Restructuring

TOKYO--( BUSINESS WIRE )-- Mitsubishi Electric Corporation (TOKYO:6503) announced today that it has executed a Company-split agreement and formally established a wholly owned subsidiary, Melco Automotive Equipment Business Split Preparation Corporation, in line with the previous announcement “(Update on Disclosed Matter) Mitsubishi Electric to Transfer Automotive-equipment Business to New Subsidiary as Part of Restructuring” issued on October 31.

Item numbers below are consistent with the previous announcement on October 31, 2023, and newly announced information is underlined.

2. Overview of Company Split

3. Profile of the Parties of the Company Split

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