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Notice regarding Acquisition of All-solid-state Lithium-ion Battery Business from Kanadevia Corporation

Suzuki Motor Corporation (Headquarters: Hamamatsu, Shizuoka Prefecture; Representative Director and President: Toshihiro Suzuki; hereinafter “Suzuki”) today announced that it has entered into a business transfer agreement with Kanadevia Corporation (Headquarters: Osaka, Osaka Prefecture; Director, President & CEO: Michi Kuwahara; hereinafter “Kanadevia”) to acquire Kanadevia’s all-solid-state lithium-ion battery business, effective July 1, 2026 (hereinafter the “Business Acquisition”).

Kanadevia began the development of all-solid-state lithium-ion batteries in 2006. Through its proprietary dry manufacturing process, Kanadevia’s all-solid-state lithium-ion batteries offer high safety, including the absence of liquid leakage, excellent environmental resistance, and operation across a wide temperature range. These characteristics make them particularly strong for specialized applications such as in aerospace or in high-temperature, vacuum conditions.

Through this Business Acquisition, Suzuki will inherit and further develop the all-solid-state lithium-ion battery technologies cultivated by Kanadevia. The execution of this Business Acquisition is subject to the fulfillment of customary closing conditions.

Overview of the Acquired Business

(1) Description of the Acquired Business

• - All-solid-state lithium-ion battery business
  (including technology development, design, and sales)

(2) Financial Performance, Assets and Liabilities of the Acquired Business

• - Not disclosed

(3) Acquisition Price and Payment Method

• - Acquisition Price: Not disclosed
• - Payment Method: Cash