An outline of the MOU signed by Nippon Express and Panasonic is provided below.
|(1)||Panasonic will transfer to Nippon Express 2,399,999 shares (66.6%) of Panasonic Logistics out of 3,600,000 shares issued in total.|
|(2)||Panasonic Logistics as a member of the Nippon Express Group will aim to enhance logistics efficiency by utilizing Nippon Express' logistics networks and know-how.|
|(3)||Panasonic Logistics will maintain its current service level.|
|(4)||Nippon Express aims through the Share Transfer to acquire logistics know-how and customer networks in the electronics industry, and to establish a logistics platform for this same industry.|
|(5)||Panasonic seeks to utilize Nippon Express' know-how and logistics services to strengthen the competitiveness of its group logistics.|