Bridgestone Corporation
IR Department
1-1, Kyobashi 3-chome
Chuo-ku, Tokyo 104-8340, Japan
Phone: +81 3-6836-3100
Fax: +81 3-6836-3168
https://www.bridgestone.com/

This document has been translated for reference only from the original Japanese-language
document. If there are any differences or discrepancies between the original Japanese-language
and this English translation, the original Japanese-language supersedes this English translation.

Notice of the Sales of All Shares in Bridgestone (Huizhou) Tire Co., Ltd.
(BSHZ)
Tokyo (June 22, 2023) - Bridgestone Corporation (Bridgestone) has already announced toconsolidate its manufacturing footprints of truck and bus radial tires in China to Bridgestone (Shenyang)
Tire Co., Ltd. (BSSY), and close Bridgestone (Huizhou) Tire Co., Ltd. (BSHZ) in our news release“Bridgestone consolidates its manufacturing footprints of truck and bus radial tires in China” as of Dec
7, 2021.
Closure of BSHZ has already done as of Dec 31, 2021 as planned, today, Bridgestone announce
Bridgestone decided its Sales of All Shares of BSHZ to Huizhou Zhongkai Xinye Development Co. Ltd.
１． Overview of the subsidiary (BSHZ) subject to change(1)
Name
Bridgestone (Huizhou) Tire Co., Ltd.(BSHZ)(2)
Address
Huizhou City, Guangdong Province, China
Job title and Name of(3)Chairman Masashi Yahagi
representative
Description of(4)To manufacture Truck and Bus radial tires
Business(5)
Share Capital
160,000,000 USD(6)Date of Establishment Apr 22, 2005
Bridgestone 90％, Bridgestone (China) Investment Co., Ltd.
Major shareholders(7)
and ownership ratios(BSCN)10%
CapitalBridgestone owns 90% of shares, BSCN owns
relationship 10% of shares
Relationship between
Personnel4 employees of Bridgestone occupy the role(8)
the Company and said
relationship of chairman or board member of BSHZ
company
Business
Not applicablerelationship(9)
Operating results and financial positions for the last three years
As of / Fiscal year ended
FY 2020
FY 2021
FY 2022
Net assets
244,924
103,666
58,857
Total assets
501,820
379,419
283,368
Net sales
551,303620,734
48,199Operating profit-369,613-137,858-41,329
Profit attributable to owners-375,661-141,258-44,809of parent(Thousands of Chinese Yuan, unless otherwise noted)

２． Overview of the counterparty(1)
NameHuizhou Zhongkai Xinye Development Co. Ltd(2)
Address
Huizhou City, Guangdong Province, China
Job title and Name of(3)Chairman Yuyang Zhou
representative
Real estate development and operation, Real estate
Description of(4)consulting, Asset management, Management of Industrial
Businessdevelopment zone, Rent real estate, etc(5)Share Capital
50,000 thousand CNY(6)Date of Establishment Apr 20, 2023
(7)
Total Capital
50,000 thousand CNY(8)Total Asset
50,000 thousand CNY
People’s government of Huizhou City(Guangdong
Major shareholders
Province , People’s Republic of China) own 100％(Indirect(9)and ownership ratiosown)
Capital relationship
Not applicable
Relationship between
Personnel relationship
Not applicable(10)
the Company and said
Business relationship
Not applicable
company
Related party relationship
Not applicable
３． Number of shares sold, selling price, and shareholding before and after acquisition
Number of shares held100％(1)
before the change
Number of shares to(2)All of shares owned by Bridgestone and BSCN
be sold(3)Selling price285.4 Million CNYNumber of shares held(4)0%after the change
４． Timetable(1)
Date of resolution atthe meeting of theBoard of Directors(2)
Date of conclusion of
the agreement(3)
Date of transfer ofsharesJun 22, 2023
Jun 22, 2023
Jun 30, 2023 (plan)

５． Future outlook
The impact of this sales on forecast of Bridgestone's consolidated financial results for 2023 will
be minor.

About Bridgestone Corporation:
Bridgestone is a global leader in tires and rubber building on its expertise to provide solutions for safeand sustainable mobility. Headquartered in Tokyo, the company employs approximately 130,000
people globally and conducts business in more than 150 countries and territories worldwide.
Bridgestone offers a diverse product portfolio of premium tires and advanced solutions backed byinnovative technologies, improving the way people around the world move, live, work and play.

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