Sumitomo Corporation (the 'Tender Offeror') resolved, at the meeting of its board of directors dated November 11, 2022, to acquire common stock in Sumitomo Precision Products Co., Ltd. (securities code: 6355, listed on the Standard Market of the Tokyo Stock Exchange, Inc. (the 'Tokyo Stock Exchange')) (the 'Target Company') (the 'Target Company's Stock') through the tender offer under the Financial Instruments and Exchange Act and had been conducting the Tender Offer since November 14, 2022.

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