CORPORATE
INFORMATION

GREETINGS

We were established in October 2020 by integrating domestic electrolyte business, including lithium-ion batteries (LIB), of Mitsubishi Chemical Corporation and UBE Corporation.

As the world faces environmental problems on a global basis, the world's efforts to achieve carbon neutrality are shifting to the progress of diverse and realistic electrification, based on the policies, energy conditions, and industrial structures of each country and region. In addition to electric vehicles (BEVs), the need for electrification is expanding in a wide range of fields, including hybrid and commercial vehicles, motorcycles and small mobility, industrial equipment, and stationary energy storage systems, and LIB market, which supports them, is expected to grow over the medium to long term. Both Mitsubishi Chemical and UBE, which have a long track record in the LIB electrolyte business, are leveraging their strengths in product development, SCM, production, sales, and BCP to further strengthen competitiveness.

Our manufacturing sites include Yokkaichi Plant (in Mie Prefecture) and Sakai Plant (in Osaka) in Japan, and Changshu UM Battery Materials Co., Ltd. in China, which is our group company. Together with the Group, we will promote the optimization of SCM, production, and sales, and aim to sustainably expand our market share with the electrification market, mainly in the mobility and energy fields, and contribute to a carbon neutral society through our business.

We look forward to your continued support and encouragement.

Kenichiro Mawatari, President and Chief Executive Officer

COMPANY PROFILE

Company Name: MU Ionic Solutions Corporation

Head Office: 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8251, Japan

Establishment: October 1, 2020

Paid-in Capital: JPY 350 million

Shareholders: Mitsubishi Chemical Corporation (80%), UBE Corporation(20%)

Line of Business: Electrolytes for lithium-ion batteries etc.

BACKGROUND

Leveraging Synergies from Integration and Respond to Global Needs

MU Ionic Solutions Corporation (MUIS) was established in October 2020, by merging electrolytes business of Mitsubishi Chemical Corporation and UBE Corporation.
By combining technologies and knowledge of both companies, and cooperating with our Chinese subsidiary (Changshu UM Battery Materials Co., Ltd. (UMBM)), as well as Mitsubishi Chemical's overseas Group Companies (US and UK), we will continue to meet the global demand of our customers.

HISTORY


1980's Start manufacturing and sales of electrolytes for Lithium-ion primary batteries
1993 Start manufacturing and sales of electrolytes for Lithium-ion secondary batteries
	1997 Start manufacturing and sales of electrolytes for Lithium-ion secondary batteries
2018 Forming joint venture company between Mitsubishi Chemical and Ube, in China (UMBM)	2018 Forming joint venture company between Mitsubishi Chemical and Ube, in China (UMBM)

October 1, 2020
MUIS was established as joint venture company

COMPANY POLICY

Environmental
Conservation
Life Cycle
Assessments
Respecting
Intellectual
Property Rights
Respect for
Human Rights

Environmental Conservation

Among the environmental issues the chemical industry faces, positions global warming and climate change as the highest priority it must address. Therefore, the Group has been making a concerted effort to reduce greenhouse gas (GHG). Besides reducing GHG emissions arising from its business activities as a matter of course, the Company is also working to develop products that generate lower GHG emissions when used.

Life Cycle Assessments

MUIS identifies and discloses GHG emissions resulting from the delivery to plants of raw materials purchased, customers' use of products, and the disposal of products. These are known as Scope 3 emissions. MUIS began identifying its Scope 3 emissions in Japan and receiving third-party assurance in fiscal 2012. Going forward, the Company intends to extend the reach of this initiative to include overseas sister companies.

Respecting Intellectual Property Rights

When MUIS develops a new technology, product or service, it seeks to formalize and legally protect its rights to the value of such development using patents and other methods. MUIS takes appropriate measures when its own intellectual property rights are infringed upon by other parties. At the same time, the Company endeavors to respect the valid intellectual property rights of other parties and carries out careful research to ensure that it does not infringe upon such rights.

Respect for Human Rights

We understand our business may have human rights impacts both inside and outside the company throughout our business activities, including from research and development, procurement of raw materials, manufacturing, sales of products and services, distribution and disposal. We strive not to cause human rights infringement itself, nor to contribute to infringement of human rights caused by others, such as our business partners.

We are committed to respecting human rights understood as, at a minimum, those set out in the International Bill of Human Rights, and the International Labor Organization's Declaration on Fundamental Principles and Rights at Work. In addition, we support the United Nations “Guiding Principles on Business and Human Rights” and the ten principles of the United Nations Global Compact, and conduct business activities based on these principles.

We comply with the laws of the countries and regions where we operate. If local law requirements contradict internationally recognized human rights standards, we seek ways to honor the principles of international human rights without violating local laws.

LOCATIONS

Changshu UM Battery Materials（UMBM）: CHANGSHU, CHINA

Head Office: 1-1, Marunouchi 1-chome, Chiyoda-ku, Tokyo 100-8251, Japan

R&D Center (Yokohama): 1000 Kamoshida, Aoba-ku, Yokohama, Kanagawa 227-8502, Japan

R&D Center (Yokkaichi): 1, Toho-cho, Yokkaichi-shi, Mie 510-8530, Japan

Yokkaichi Plant: 3-3-17, Obata, Yokkaichi-shi, Mie 510-0875, Japan

Sales & Marketing (Osaka): 1-1, Fushimi-machi 4-chome, Chuo-ku, Osaka-shi, Osaka 541-0044, Japan

Sakai Plant: 3-1, Chikko-Shinmachi, Nishi-ku, Sakai, Osaka 592-8543, Japan

Changshu UM Battery Materials（UMBM）: CHANGSHU, CHINA

CORPORATE INFORMATION