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We hereby clarify that neither Announcement Chongqing NTN precision bearing Co., Ltd nor Chongqing NTN trading Co., Ltd is an affiliate, subsidiary or licensed agent of NTN Group. Chongqing Branch of NTN (China) Investment Corporation is the sole affiliated enterprise of NTN Group in Chongqing Province of China.

NTN (China) Investment Corporation

October 10th, 2018