January 26, 2022

SIIX Corporation
President:
Koji Yanase
Securities Code: 7613, First Section, Tokyo Stock Exchange
Seiji Ono, Director and Executive Officer,Inquiries:
General Manager, Finance & Accounting Department
Telephone:+81-6-6266-6400

Announcement of Notice of Merger between Consolidated Subsidiaries
and Change in Specified Subsidiaries

SIIX Corporation hereby announces as described below that we decided to merge SIIX Logistics Phils., Inc.
and SIIX COXON PRECISION PHILS., INC. into our consolidated subsidiary, SIIX EMS PHILIPPINES, INC., ata meeting of the Board of Directors held on January 26, 2022.
Since this merger is a merger between consolidated subsidiaries, some disclosure items and details have been
omitted. In addition, SIIX Logistics Phils., Inc. and SIIX COXON PRECISION PHILS., INC. which will cease toexist as a result of this merger are specified subsidiaries.
1. Background
The purpose of consolidating the business in the Philippines into SIIX EMS PHILIPPINES, INC. is toconsolidate management resources, reduce operational costs, etc., and aim for speedy decision-making and business
operations.
2.Summary of the Merger(1) Schedule of the Merger
Date of Board of Directors' resolution regarding the merger：January 26, 2022

Execution date of merger agreement：July 1, 2022 (scheduled)

Merger date (effective date)：July 1, 2022 (scheduled)(2) Method of the Merger
The merger will be an absorption-type merger with SIIX EMS PHILIPPINES, INC. as the surviving company,
and SIIX Logistics Phils. Inc. and SIIX COXON PRECISION PHILS., INC. will be dissolved.
(3) Details of the Allotment in relation to the Merger
Since this merger is a merger between wholly owned subsidiaries of the Company, there will be no allocation ofshares or other cash.

1SIIX Corporation, Tokyo Stock Exchange, (1st Section; 7613)

(4) Treatment of stock acquisition rights and bonds with stock acquisition rights of the extinct company
No applicable matter.
3.Outline of the parties to the merger(1) Surviving company(1) Name(2) Location

SIIX EMS PHILIPPINES, INC.
108 Competence Drive, Carmelray Industrial Park 1 SEPZ,Canlubang, Calamba City, Laguna, Philippines 4028

(3) Representative

Masaki Morita, Managing Director(4) Business Description

Manufacture of electronic circuits and equipment(5) Capital stock

USD 11mil.

(6) Date of establishment

May 2013(7) Shareholders

SIIX CORP. 100%(8) Operating results for the most recent fiscal year
Total assets

USD 31 mil.

Net assets

USD 0 mil.

Net assets per share

USD 0.39

Sales

USD 16 mil.

Operating profit

USD -0mil.

Ordinary Profit

USD -１mil.

Net Profit

USD -１mil.

Net income per share

USD -2.35(2) Defunct corporation(1) Name(2) Location(3) Representative(4) Business Description(5) Capital stock

SIIX COXON PRECISION PHILS.,

SIIX Logistics Phils., Inc.

INC.

108 Competence Drive, Carmelray

107 Competence Drive, CarmelrayIndustrial Park 1 SEPZ, Canlubang,

Industrial Park 1 SEPZ, Canlubang,Calamba City, Laguna, Philippines

Calamba City, Laguna, Philippines

4028

4028

Masaki Morita, Managing Director

Misaki Aikawa, Managing Director

Import, export and sales of electronic
components
USD 18 mil.

Plastic molding and mold manufacture
USD 14 mil.

2

SIIX Corporation, Tokyo Stock Exchange, (1st Section; 7613)

(6) Date of establishment

February 1997

January 2014(7) Shareholders

SIIX CORP. 100%

SIIX CORP. 100%(8) Operating results for the most recent fiscal yearTotal assets

USD 71 mil.

USD 9mil.

Net assets

USD 36 mil.

USD -2mil.

Net assets per share

USD 41.48

USD -6.87

Sales

USD 137 mil.

USD 8mil.

Operating profit

USD 2mil.

USD -1mil.

Ordinary Profit

USD 2mil.

USD -2 mil.

Net Profit

USD 2mil.

USD -2mil.

Net income per share

USD 2.68

USD -5.30

4. Situation after the Merger(1) Name(2) Location(3) Representative(4) Business Description

SIIX EMS PHILIPPINES, INC.
108 Competence Drive, Carmelray Industrial Park 1 SEPZ, Canlubang,Calamba City, Laguna, Philippines 4028
Masaki Morita, Managing Director
Manufacture of electronic circuits and equipment,
plastic molding and tooling(5) Capital stock

USD 43 mil.

(6) Date of establishment

May 2013(7) Shareholders

SIIX CORP. 100%

(Note) Subject to the consummation of the Merger, the Company plans to increase its capital stock to US$43
million on July 1, 2022.
5. Outlook for the future
As this merger is a merger between consolidated subsidiaries of the Company, the impact on the Company's
consolidated business performance will be minor.

3SIIX Corporation, Tokyo Stock Exchange, (1st Section; 7613)