December 31, 2020
Elephantech Inc.

Elephantech completes capital reduction procedures

As of December 31, 2020, Elephantech Inc. (CEO Shinya Shimizu) has reduced its capital as follows.

1. Purpose of capital reduction

In order to maintain the same flexible management as before, we have decided to reduce the amount of capital (hereinafter referred to as “capital reduction”).

2. Outline of our capital reduction
Amount of capital reduced 210,000,000 yen
Method of capital reduction 210,000,000 yen Other Capital Surplus
Date on which the capital reduction shall take effect December 31, 2020
3. Schedule of capital reduction
Board Resolution October 28, 2020
Resolution of Shareholders Meetings November 5, 2020
Public announcement of the creditor's objection November 27, 2020(Official Gazette extra No.247, p.96)
Capital reduction took effect on December 31, 2020

Company Overview

Name Elephantech Inc.
Establishment January 2014
Headquarters 4-3-8 Hatchobori, Chuo-ku, Tokyo 104-0032, Japan
Representative Shinya Shimizu, CEO
Capital JPY 100 million
Number of employees 47
Business Description Development of printed electronics manufacturing technology and provision of related services

As of December 31, 2020

Contact for inquiries regarding this matter

Elephantech Inc. Public Relations