NEWS RELEASE

Teijin to Establish Teijin Frontier Knitting Co., LtdTokyo, Japan, March 11, 2021 --- Teijin Frontier Co., Ltd., the Teijin Group's fibers andproducts converting company, announced today that it will merge its subsidiarycompanies Teijin Modern Yarn Co., Ltd. and Shinwa Limited to develop, manufacture,sell and specially process yarns as Teijin Frontier Knitting Co., Ltd. on April 1.
The establishment of Teijin Frontier Knitting is meant to combine the variations of its twopredecessors’ knitting machines with new development and quality-control capabilities
for difficult products. It also is expected to strengthen global expansion of Teijin FrontierGroup's circular knitting business. In addition, Teijin Frontier Knitting will createnext-generation materials in the special textured yarn field by integrating the unique
technologies of its two predecessors while further strengthening development
capabilities throughout Teijin Frontier Group. Furthermore, the new company will
strengthen the launch of new products both in Japan and worldwide by leveraging its
expertise in circular knitting that incorporate special textured yarn.
The Teijin Frontier Group, the world’s only business entity involved in the integrated
manufacture and sales of fibers, has achieved steady performance in an uncertain
global market thanks to its rich experience and the strengths of its comprehensive
framework for producing yarns, fabrics and finished products. The group has continued
to build up its business structure and basic technologies by strategically investing in five
key fields: environment, infrastructure, healthcare, mobility and global apparel textiles,
and also new businesses, as well as by steadily upgrading its operating efficiencies andmarket responsiveness.
About Teijin Frontier Knitting■ President: Takashi Murayama (currently Executive Officer, Teijin Frontier Co., Ltd.)■ Location:

6-349 Imaemachi, Komatsu, Ishikawa Prefecture, Japan■ Launch:April 1, 2021

■ Capital:

JPY 90 million■ Employees: 190■ Business:

Development, manufacture and sale of knitted fabrics and manufactureof specially processed yarns

About the Teijin Group
Teijin (TSE: 3401) is a technology-driven global group offering advanced solutions in thefields of environmental value; safety, security and disaster mitigation; and demographic
change and increased health consciousness. Originally established as Japan's firstrayon manufacturer in 1918, Teijin has evolved into a unique enterprise encompassing
three core business domains: high-performance materials including aramid, carbon
fibers and composites, and also resin and plastic processing, films, polyester fibers andproducts converting; healthcare including pharmaceuticals and home healthcare
equipment for bone/joint, respiratory and cardiovascular/metabolic diseases, nursing
care and pre-symptomatic healthcare; and IT including B2B solutions for medical,
corporate and public systems as well as packaged software and B2C online services for
digital entertainment. Deeply committed to its stakeholders, as expressed in the brandstatement “Human Chemistry, Human Solutions”, Teijin aims to be a company thatsupports the society of the future. The group comprises more than 170 companies andemploys some 20,000 people across 20 countries worldwide. Teijin posted consolidated
sales of JPY 853.7 billion (USD 8.0 billion) and total assets of JPY 1,004.2 billion (USD9.4 billion) in the fiscal year that ended on March 31, 2020.
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Teijin Limited
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