TPR subsidiary to acquire 50% stake in Chinese automotive parts manufacturer

TPR Co., Ltd. announced that its consolidated subsidiary in China will acquire a 50% equity interest in Aisin Anqing Automotive Parts Co. Ltd. from AISIN CORPORATION. The acquisition, approved by TPR's Board of Directors on September 30, 2025, aims to expand TPR’s aluminum business in the Chinese market, leveraging Aisin Anqing Automotive Parts' die-casting technology and TPR's customer network to meet the growing demand for lightweight components in electric vehicles.

The acquiring entity, Anqing TP Powder Metallurgy Co., Ltd., a TPR consolidated subsidiary, manufactures sintered parts with a capital of CNY 94 million. TPR Co., Ltd. holds a 50.1% stake in Anqing TP Powder Metallurgy, which was established in January 2000. Aisin Anqing Automotive Parts Co. Ltd., established in January 2019 with a capital of CNY 237 million, specializes in manufacturing automotive and general-purpose parts. AISIN CORPORATION currently holds 84.81% of Aisin Anqing Automotive Parts.

Upon completion of the transaction, Anqing TP Powder Metallurgy Co., Ltd. will hold 50% of Aisin Anqing Automotive Parts Co. Ltd., with AISIN CORPORATION's stake reduced accordingly. The acquisition price will not be disclosed, as per agreement between the parties. The registration for this change is scheduled for December 2025, and TPR expects a negligible impact on its consolidated financial results for the fiscal year ending March 31, 2026.