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 Sony Corporation and Panasonic 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 4K resolution 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.