News Release Dated February 13, 2009 Company: INTER ACTION Corporation President: Hideo Kiji Listing: The Tokyo Stock Exchange Mothers Market Stock code: 7725 Contact: Takao Kiji, Director, General Manager of Operation Department Tel: +81-45-788-8373 URL:
http://www.inter-action.co.jp/Eng
Notice of Agreement for Solar Cell Business Project
at Xi’an Hi-tech Industries Development Zone
INTER ACTION Corporation has been considering the launch of business operations in Xi’an, China as was announced on January 9, 2009 in a release titled “Solar Cell Business Activities and Possible Establishment of Facility in Xi’an, China.” On February 11, INTER ACTION reached an agreement with the Xi’an Hi-tech Industries Development Zone (HTDZ) to proceed with a solar cell business project. The two parties signed an investment agreement with the following terms. 1. Summary of investment agreement
(1) INTER ACTION will make an investment in order to move ahead with its solar cell business
project at Xi’an HTDZ.
- The total investment will be 200 million yen. - Registration with Xi’an HTDZ will be completed within two months after the investment agreement
is signed.
- The initial investment will be 30 million yen and the remaining investment will be made within two
years.
(2) Xi’an HTDZ will extend its permission to INTER ACTION to make this solar cell investment. In
addition, Xi’an HTDZ will provide support and services for establishing a subsidiary in China as well as a rent exemption and other forms of assistance.
2. Signing ceremony
The investment agreement signing ceremony took place in Xi’an, China on February 11, 2009.
Attendees:
INTER ACTION Corporation
Hideo Kiji, President Nobuo Kiji, Director Wang Qing,
Adviser
Xi’an Hi-tech Industries Development Zone
Liu Minghua, Executive Deputy Director of Administration Committee Yang Ren Hua, Deputy Director of Administration Committee Chen Hui, Director of US & European Investment Promotion Bureau
Shi Kang Du, Director of Asia-Pacific Investment Promotion Bureau
