Showa Denko Announces Notice of Execution of Basic Agreement regarding Tender Offer over Subsidiary Aims to become a world-class, functional chemical manufacturer BriefingWire.com, 3/04/2021 - TOKYO, Mar 4, 2021 - (JCN Newswire) - Showa Denko K.K. (hereinafter referred to as the "Company") hereby announces that, as of today, the Company has entered into: (i) a basic agreement (hereinafter referred to as the "Basic Agreement") setting forth the application for 3,160,306 shares of SHOKO CO., LTD. (Code number 8090, listed on the First Section of Tokyo Stock Exchange; hereinafter referred to as "SHOKO"), the Company's consolidated subsidiary, among the shares of SHOKO owned by the Company, in a tender offer for the common shares issued by SHOKO (hereinafter referred to as the "SHOKO Shares"), that will commence on March 5, 2021, with such tender offer being made by SKT Holdings Ltd. (hereinafter referred to as "SKTHD"), a wholly-owned subsidiary of iSigma Business Advancement Fund III Investment LLP (hereinafter referred to as "iSigma Business Advancement Fund III") managed and operated by iSigma Capital Corporation (hereinafter referred to as "iSigma Capital"); and (ii) a shareholder agreement (hereinafter referred to as the "Shareholder Agreement") with iSigma Business Advancement Fund III that governs the handling of the SHOKO Shares owned by the Company and SKTHD.