| Tokyo, Aug. 30, 2006---The Board of Directors of SANYO Electric
Co., Ltd. resolved to submit applications to voluntarily delist the
company’s shares from the Nagoya Stock Exchange, Fukuoka Stock
Exchange, and Sapporo Securities Exchange and to voluntarily delist
the company’s American depositary shares (ADSs) from NASDAQ.
The relevant details are as follows: 1. Reason for voluntary delisting
the company’s shares:
The trading volume of shares on the Nagoya Stock Exchange, Fukuoka
Stock Exchange, and Sapporo Securities Exchange and the ADSs on
NASDAQ are extremely low. The voluntary delistings are expected
to have little impact and will cause relatively little inconvenience
on the company’s shareholders and investors.
2. Schedule
Applications for the voluntary delistings will be submitted to the
four above-mentioned stock exchanges in September 2006, at the earliest.
The delisting process is expected to be completed by December 2006.
Note: Stock exchanges on which SANYO Electric Co., Ltd. expects
to continue to be listed: the Tokyo Stock Exchange and the Osaka
Securities Exchange. The company has made no arrangements to list
its ADSs on another U.S. exchange.
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