JOLED, an expert and manufacturer of OLED display by printing method

JOLED Inc. conducts research, development, manufacturing, and sales activities for OLED displays, their parts, materials, manufacturing equipment, and associated products. JOLED was founded in January 2015, combining the OLED display development divisions of Corporation and Corporation, with the goal of accelerating mass production development and commercialization of OLED displays.

In 2016, the company started up a pilot line, establishing a mass production technology. It started product shipment in 2017.

JOLED started operation of the world’s first mass production line of printed OLED displays in its Nomi site, in November 2019. JOLED produces medium-sized printed OLED displays for use in areas such as high-end monitors, medical monitors, automotive displays, and so on. At the same time, JOLED strongly proceeds R&D for flexible and foldable OLED for practical use.

1 We develop the most advanced devices which provide new values and achieve a world full of excitement and emotion.

We, as passionate individuals, together with our customers and partners, create displays which project various “Worlds” ”Limitlessly” and expand business sustainably.

2 Message from President

Thank you for your understanding and support for JOLED’s management philosophy, research and development activities and business promotion.

JOLED was founded in 2015 with the goal of accelerating mass production development and commercialization of OLED displays. In 2017, we commercialized printed OLED for the first time in the world. Then, we expanded production as well as our customer network, while continuing to develop further advanced technologies. In 2019, we started operation of our mass-production line. From there, we will bring our medium-sized high- resolution printed OLED to the market, targeting for high-end monitors, Our mission at JOLED is to realize a world filled with excitement and medical monitors, signage and automotive displays. emotion through our cutting-edge devices. With products that people

Display panels have become an integral part of modern life. Displays are always want to carry, experience, wear, and more, we offer new now too familiar in everyday life and people may spend a long time without experiences that strike a chord. By achieving this, we could perhaps being aware of it. Because of it, we hope to embody and provide the values enrich people’s spirits, provide convenience, and even improve that displays of this era should have, such as eye-friendly, stress-free lifestyles. And perhaps can we even make a small contribution to usability, and exceptional visual expressions. enriching people’s lives. We will continue taking on new challenges to achieve this innovation. In the technology licensing business, which is our core business along with the product business, we concluded capital and business alliance with TCL I would like to ask for your kind and continuous support.

CSOT last year and started joint development of large-sized printed OLED. We aim to further develop printed OLED technology as a pioneer and to take Tadashi Ishibashi it from a technology trend to the de facto standard in the industry. Representative Director and President, JOLED Inc.

3 Company Profile

Company Name JOLED Inc. Directors Tadashi Ishibashi Representative Director & President

Nobuyuki Higashi Outside Director Start of Business January 5, 2015 Kohei Nokami Outside Director

Nobuhisa Kamada Outside Director Representative Tadashi Ishibashi Representative Director and President Noriaki Mukainaka Outside Director

Hirotsugu Takeuchi Outside Director Business Domain Research, development, manufacturing, Li Ju Outside Director and sales activities for OLED displays, their parts, materials, manufacturing equipment, Fumiaki Aihara Outside Auditor and associated products

Capital 87.7 billion JPY (capital reserve included) Executive Officers Tadashi Ishibashi President

Eiji Inoue Executive Vice President Number of Employees Approx. 590 Tomiaki Yamamoto Managing Executive Officer

Taro Funamoto Executive Officer & CQO

Kazuhiro Noda Executive Officer

Naoto Hikichi Executive Officer

Naohito Kanamori Executive Officer

As of March 31, 2021

4 Organization

Manufacturing Division

Product Business Division

Representative Director and President

Print Technology Solutions Division

Vice President

CQO Technology Development Division

Corporate Group

Quality Assurance Department

As of April 1, 2021

5 Business Locations

JOLED Headquarter MetLife Bldg. 10F, 3-23, Kandanishiki-cho, Chiyoda-ku, Tokyo, 101-0054 JAPAN TEL: +81-3-5280-1600

JOLED Kyoto 733 Uematsucho, Teramachidori- Technology Development Matsubarasagaru, Shimogyo-ku, Kyoto, Center 600-8028 JAPAN TEL: +81-75-585-4145 JOLED Nomi Site JOLED Kanagawa Ebina Prime Tower 18F, 2-9-50, Chuo, Technology Development Ebina City, Kangawa, 243-0432 JAPAN Center TEL: +81-46-271-8100

JOLED Ishikawa 26-2, Yamadasenden, Kawakita, Nomi-gun, Technology Development Ishikawa, 923-1296 JAPAN Center TEL: +81-76-277-3940

JOLED Nomi Site 1-47, Iwauchimachi, Nomi-shi, Ishikawa, 923-1201 JAPAN TEL : +81-761-58-1400

JOLED Chiba Site 3300, Hayano, Mobara-shi, Chiba, 297-8622, Japan TEL: +81-475-25-9010

6 Milestones

Start construction Alliance for joint development of post of large OLED Start shipment of 22” 4K OLED process in World’s first commercialization Chiba of printed OLED Establish JOLED Start Start operation of construction world’s first mass of Nomi G5.5 production line for Start operation of MP line printed OLED World’s first mass G4.5 pilot line production of printed OLED

2015.3 2016.1

2015.1 2016.9 2017.12 2018.7 2019.4 2019.11 2020.6 2021.3

Develop 14” FHD sheet OLED Develop 19.3” 4K OLED 12.2” FHD sheet OLED Develop 12.3” HD OLED 11.9” FHD TAOS Develop 22” 4K sheet OLED Develop 12.2” FHD OLED 22” 27” 32”

7 Products

OLED Display OLEDIOTM by JOLED

OLED display OLEDIOTM is an advanced display that is thin and light, realizing superb image quality.

Model 32” 4K 27” 4K 22” 4K

Screen size 32 inches 27 inches 22 inches

Screen dimensions 697.9×392.6×800.7㎜ 596.2×355.3×684.0㎜ 478.1×268.9×548.5㎜ (WidthxHeight xDiagonal)

Pixels (Horizontal×V 3,840(RGB) x 2,160 3,840(RGB) x 2,160 3,840(RGB) x 2,160 ertical)

Resolution 139ppi 163ppi 204ppi

Peak 540cd/㎡ 540cd/㎡ 350cd/㎡ luminance

Contrast ratio 1,000,000:1 1,000,000:1 1,000,000:1 Frameフレームやスタンドはイメージです and stand is just for image

Panel 1.3mm 1.3mm 1.3mm thickness

Weight 1,100g 850g 500g

8 Characteristics of OLED Display OLEDIOTM

OLED display OLEDIOTM is an advanced display that is thin and light, realizing superb image quality.

Ultra-thin and light Energy efficient Superb picture No backlight weight OLEDIOTM is energy quality and accurate OLEDIOTM realizes efficient because it does color reproduction ultra-thin form of 1.3mm not need backlight and is OLEDIOTM has various thickness and light self-illuminating device advantages that can weight of 500g, as a that each EL element can realize superb picture result of its simple panel EL layer TFT substrate be ON/OFF as needed. quality. It has 130% structure with no sRGB coverage that backlight.* realizes greater color accuracy.*

High resolution and Perfect jet-black Fast response time high definition OLEDIOTM is self-illuminating Fast in responding, it OLEDIOTM has capacity to device that each EL element displays movies smoothly realize superb picture can be ON/OFF as needed. and beautifully, taking quality of When it is OFF, it displays advantage of self- with 3,840(RGB) x 2,160, perfect black (jet-black). illuminating device. 204ppi.* There is no light leakage like LCD. It also accurately displays color fineness with contrast ratio of 1,000,000:1 for darker blacks and brighter whites.*

*In case of 22” 4K OLEDIOTM

9 Applications

JOLED display realizes a world full of excitement and emotion by creating the most advanced devices and user experiences that provide new values.

Medical Movie making Automotive Signage Gaming /Broadcasting

Train/Metro Aircraft cabin Smarthome Interior Paperlike

10 JOLED Business Strategy

1• Enter and create the medium-sized OLED market where evaporation technology is difficult to enter

2• Deploy Technology licensing for large-sized OLED market by leveraging our accumulated technologies

3• New business development by creating new use of OLED and proposing “OLED+α” solutions

3. New Business Development

1. Enter & Create the Market 2. Tech Licensing

(ppi)

VR/AR 400

Smartphone Tablet Resolution

Tablet /Laptop

High-end monitor

200 Smartwatch

Automotive TV Large signage Signage Interior window

0 5 10 20 30 40 50 (inch)

Small Screen size Medium Large

11 What is OLED ?

How does OLED emit light? Electron transport layer Organic Light Emitting Diode (OLED) is a kind of light- Host material emitting diode (LED) that uses organic compound to emit

Guest material light. In OLED, the emissive electroluminescent (EL) layer Emitting layer is formed by a film of organic compound that emits light in response to the current flow.

Exciton generation →Excitation energy conversion OLED device is composed of two electrodes and several Hole transport layer →Light emission from guest functional layers: electron transport layer (ETL), emitting material layer (EML), and hole transport layer (HTL), etc. When a

bias is applied between anode and cathode electrodes, electron and hole recombine in the EML and emit light in response to the current flow.

12 What is OLED ?

Structure of OLED display

OLED has a simple structure in which an organic EL layer sandwiched between electrodes is again sandwiched between a front glass substrate and a TFT formed rear glass substrate.

13 JOLED Core Technologies : 1

Proprietary TRIPRINTTM Technology

The proprietary TRIPRINTTM technology, which forms RGB subpixels by printing, enables to produce superior performance displays in efficient production process.

Performance Advantages

Features of JOLED display are: “RGB Printed EL Layer” to realize great light efficiency, “Microcavity Structure” to realize high color purity by sharpening RGB lights, and “Top Emission” to realize high light utilization.

14 JOLED Core Technologies : 1

Proprietary TRIPRINTTM Technology

The proprietary TRIPRINTTM technology, which forms RGB subpixels by printing, enables to produce superior performance displays in efficient production process.

Process Advantages

With JOLED’s proprietary TRIPRINTTM technology, RGB sub pixels are formed at once by printing. It is processed under atmospheric pressure without vacuum chamber nor metal mask. There is no material waste because it puts necessary quantity of materials onto target points by printing. The technology has also scalability merit because panels in variety of sizes can be manufactured with the same print head.

15 Difference of OLED Manufacturing Methods

There are two types of method to manufacture OLED display; “Evaporation White Vapor RGB Vapor RGB Printing Deposition Method Deposition Method Method method” and “Printing method”. There are also two types of EL layer; “White OLED” in which three layers are deposited in laminated structure to emit white

color (White Vapor Deposition OLED), and “RGB OLED” in which three different light emitting layers are deposited side-by-side (RGB Vapor Deposition OLED

and RGB Printed OLED).

Evaporation method, currently used by major companies, forms EL layers by

evaporating EL materials in vacuum chambers. It requires large vacuum chambers to accommodate panel and vapor deposition source, and metal masks to form  Vacuum process  Vacuum process  Atmospheric pressure process the EL layer on only target points.  Area mask  Fine metal mask  No mask

Especially in RGB Vapor Deposition Method, it deposits each RGB layer

individually and requires three times of fine mask than White Vapor Deposition Method. When the screen size becomes bigger or number of pixels rises, it

becomes more difficult to align the mask onto target points. In addition,

extremely low efficiency in material utilization and the difficulty in depositing uniform thin films are the issues for this technology.  4 pixels  3 pixels  3 pixels

 Bottom emission  Top emission  Top emission In the case of White Vapor Deposition Method, although the difficulty of aligning

 12 layers 12 processes  4 layers 12 processes  3 layers 3 processes the mask is alleviated, colors are produced by color filter and it causes loss of 3/4 of lights, and color purity contradicts light utilization efficiency.

JOLED manufactures OLED displays by using the highly productive RGB printing Large OLED for TV Small and medium OLED Medium OLED for monitor for smartphone and and signage method, which overturns the issues of the vapor deposition method. We also aim laptop Large OLED for TV to share this manufacturing technology with our partners and establish it as an

industry standard technology.

16 JOLED Core Technologies : 2

Flexible Display

Flexible display is a display that can be rolled, folded, or bended like a paper or cloth. With its ultra-thin and light profile, it can realize displays more freely designed or easy to store.

JOLED is researching and developing various flexible displays. A super light in weight, flexible and high performance display can be realized by replacing the conventional glass substrate to the plastic substrate, and using the oxide TFT. We are aiming at developing flexible OLED for practical use in near future.

17 JOLED Core Technologies : 3

TAOS TFT Technology

To realize excellent performance of OLED, it is required high current flow to run for the thin film transistor (TFT).

Actually JOLED display uses low temperature poly-silicon (LTPS) TFT. LTPS TFT has good performance to run the high current flow but has same tasks such as non-uniform TFT performance due to the crystallization process and high manufacturing cost.

JOLED is now focusing on developing TAOS TFT (Transparent Amorphous Oxide Semiconductor) which has high electron mobility for high current flow and is uniformly formed on the large substrate.

We have developed a novel self-aligned top-gate TFT and realized superior reliability, by using a technology to passivate TFT electrode by metallic reaction. Also putting our unique correction circuit technology, we will realize high quality but reasonable OLED displays using our TAOS TFT.

18 JOLED Code of Conduct

Ownership Mutual Respect Challenging Mindset Marketing Perspective Compliance and Persistence We have a spirit to think We respect the diversity Each of us anticipate the We sincerely observe by ourselves, act by and maximize each one’s ”Challenge first!”, and market needs down to the laws and regulations, ourselves, and take our strong point. end-users, and have a spirit social norms and ethics. always think of “What could own responsibilities. I do now to challenge?” to create a new market by We always interact with ourselves through series of Each of us, being open mind and on a ”Never give up!”, and have new ideas. confident of self-control, straight forward basis. guts to achieve the goals. contributes to the We make decisions and act sustainable business quickly at the most expansion. appropriate timing.

19 JOLED Company Policy

JOLED Quality Policy JOLED Safety Policy

JOLED put top priority on quality as its basic philosophy, JOLED will contribute to the realization of a safe and through best people and technological capabilities, and will comfortable society by working to ensure a safe and continue to provide new value, products and services based comfortable workplace environment through efforts that on customer’s perspective. “safety and health are the top priority” in all business activities.

JOLED Environment Policy 2018年7月認証取得 JQA-QMA15834 品質保証部、パネ ル事業本部 設計部、製品技術部、生産 JOLED will continue to be a company striving to prevent 統括部 管理部、調達部、石川製造技術 部および第1事業本部応用技術部、営 environmental pollution while establishing an 業・マーケティング部 environmental management system that meets the requirements of environmental regulations of national and local governments.

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