Shareholdings change

Japanese parent company intends to take over full ownership

ENEOS Materials Corporation (President: Hayato Hirano; “ENEOS Materials”) is pleased to announce that it has concluded an agreement with the MOL Group (“MOL”) to acquire MOL’s 49% stake in ENEOS MOL Synthetic Rubber Ltd. (“EMSR”), a consolidated subsidiary of ENEOS Materials, and make EMSR a wholly owned subsidiary of ENEOS Materials. The purchase of MOL’s stake in EMSR is justified by business expanditure considerations of ENEOS Materials and the transaction is expected to close in the first quarter of 2025 (calendar year), subject to regulatory approval.

Company data is not changing yet

As soon as the final closing of share transaction occurs, EMSR will initiate its company name change and notify its customers and suppliers accordingly in due course. Furthermore, MOL will continue to be an important partner of ENEOS Materials and EMSR as a supplier of raw materials and various services to EMSR, and the parties will continue to maintain a good relationship and cooperation.