September 30, 2022
For Immediate Release
Company Name:
Representative:

Securities Code:
Stock Exchange Listing:
Inquiries:

Sumitomo Chemical Co., Ltd.
Keiichi Iwata
President and Representative
Director4005
Prime Section of the Tokyo Stock
Exchange
Shunji Kobayashi
General Manager
Corporate Communications Dept.
(Phone: +81-3-5201-0200)

Announcement on Changes in a Specified Subsidiary (Sub-subsidiary)

Sumitomo Chemical (the “Company”) hereby announces that its Board of Directors resolved
to reorganize its group structure through the transfer of ownership interests of a wholly owned
subsidiary of the Company in the United States and a wholly owned subsidiary of thissubsidiary (a sub-subsidiary of the Company) at a meeting of the Board of Directors held on
September 30, 2022, and that this reorganization will result in the following changes in thissub-subsidiary.
1. Reason for the Change
As of October 31, 2022, Sumitomo Chemical America, Inc. (“SCAI”), a wholly owned subsidiaryof the Company, will contribute in kind its entire ownership interests in Valent U.S.A. LLC(“VUSA”), a wholly owned subsidiary of SCAI, to Valent North America LLC (“VNA”), which
is another wholly owned subsidiary of SCAI and a sub-subsidiary of the Company.
Furthermore, VUSA will distribute in kind its entire ownership interests in Valent
BioSciences LLC (“VBC”) to VNA on the same day. As a result, VUSA and VBC will become
wholly owned subsidiaries of VNA. VNA will take over some of the administrative functions,such as accounting and legal, of VUSA and VBC.
This reorganization is intended to clarify the roles and responsibilities of each of the three
entities, namely VUSA leading the Sumitomo Chemical Group’s crop protection products
business in North America, VBC leading the Group’s biorational products business globally,and VNA providing shared corporate services to the Sumitomo Chemical Group companies inNorth America, primarily VUSA and VBC, and to drive faster decision-making for each ofthese businesses.

2．Overview of the Sub-Subsidiary in Which There Will Be Changes
Company name

Valent North America LLC

Location1910 Innovation Way, Suite 100, Libertyville, IL
60048, U.S.A.

Representative

Andy Lee

Scope of business

Offering corporate services to the Sumitomo
Chemical Group companies in North America

Share capital

USD233,474,000 (33.8 billion yen)*1

Date of establishment

April 1, 2022

Major shareholder and its
shareholding ratio

Sumitomo Chemical America, Inc. 100%
Capital relationship

Relationship with the Company

Personnelrelationship
Business relationshipSub-subsidiary of theCompany
Employees of the Company
concurrently serve as
directors of Valent North
America LLC
Not applicable(Note)
Amounts in Japanese yen, translated from the United States Dollar (USD) at the following exchange rates,
are presented for reference only.
*1: USD1 to 144.81 yen, prevailing on September 30, 2022

3．Date of Change
October 31, 2022 (scheduled)
4．Future OutlookThe impact of these changes in a sub-subsidiary on the financial results of the Sumitomo
Chemical Group will be insignificant because these changes are due to a reorganization
between consolidated subsidiaries.