Kudan announces the establishment of new subsidiary companies in Hong Kong, China, and Japan

〜Expanding its operations in Asia & promoting and developing its deep tech ecosystem〜

Kudan Inc. (headquarters in Shibuya-ku, Tokyo; Managing Director Tomo Ohno) is pleased to announce that at its board of directors meeting held on September 13, 2019, it has decided to establish subsidiary companies in Hong Kong and Mainland China in order to expand its operations in the Asian market. In addition, a new subsidiary will be formed in Japan in order to focus on accelerating the development of various products, solutions, and other projects related to the field of artificial perception.

【Subsidiary Objectives】
Kudan is at the forefront of the field of deep tech and artificial perception research and development. In order to augment these efforts as well as strengthen the technology’s applications for society, it has decided to establish a base in the Asian market by forming local subsidiary companies in Mainland China and Hong Kong.
Furthermore, a new subsidiary will be formed in Japan in order to create products, solutions, and other projects that are based on Kudan’s technology and expand upon its partnerships in various related fields. With the creation of these subsidiary companies, Kudan will be better positioned to continue developing the applications and reach of its technology, as well as its uses within society.

The business fields and purpose of each subsidiary are as follows:
– China: Expansion of the Kudan SLAM business in the Chinese mainland
– Hong Kong: Establishment of business operations in the Asian region
– Japan: Creation of products and businesses based on computer vision technology

【Subsidiary Overview】
1. Hong Kong: Kudan Hong Kong Limited (tentative name)
Name : Kudan Hong Kong Limited (tentative name)
Location : Hong Kong Special Administrative Region of the People’s Republic of China
Representative : Nana Nakauchi
Business Overview : Software licensing, provision of products and solutions related to artificial perception technology
Capital : TBD
Establishment Date : October 2019 (scheduled)
Main Shareholders : Kudan Inc. (100％)
Relationship to Kudan Inc.: Wholly-owned subsidiary of Kudan Inc.

2. China: Kudan China Limited (tentative name)
Name : Kudan China Limited (tentative name)
Location : Beijing, People’s Republic of China
Representative : Nana Nakauchi
Business Overview : Software licensing, provision of products and solutions related to artificial perception technology
Capital : TBD
Establishment Date : December 2019 (scheduled)
Main Shareholders : Kudan Hong Kong (100％)
Relationship to Kudan Inc. : Second-tier subsidiary of Kudan Inc.

3. Japan: Kudan Technologies (tentative name)
Name : Kudan Technologies (tentative name)
Location : Shibuya-ku, Tokyo
Representative : Mizuki Inoue (Director, Kudan Inc.)
Business Overview : Software licensing, provision of products and services related to deep tech and artificial perception technology
Capital: TBD
Establishment Date : December 2019 (scheduled)
Main Shareholders : Kudan Inc. (100％)
Relationship to Kudan Inc.: Wholly-owned subsidiary of Kudan Inc.

【Future Outlook】
We believe that the establishment of these subsidiaries will only have a minor effect on the company’s consolidated financial results for the current period.

About Kudan Inc.
Kudan (Tokyo Stock Exchange securities code: 4425) is a deep tech research and development company specializing in algorithms controlling artificial perception (AP), a technology which provides machines (computers and robots) with the equivalent of human “eyes.” As a complement to artificial intelligence (AI), AP functions as a deep tech which allows machines to develop autonomy. Currently, Kudan is using its high-level technical innovation to explore business areas based on its own milestone models established for deep tech which provide wide-ranging impact on several major industrial fields. In addition to the independently-developed AP technology it has produced, Kudan is also conducting R&D in the fields of machine perception, deep perception and neural perception networks, with an eye to the integration of its technology with artificial intelligence (AI) and the internet of things (IoT).
For more information, please refer to Kudan’s website at https://www.kudan.io/.