Furukawa Electric Company Limited

Asian Activities Report for February 7, 2012 includes: GCL-Poly Energy Holdings Limited (HKG:3800), a leading polysilicon and wafer supplier as well as a top green energy enterprise in China, has formed a 50:50 joint venture named Sunora Energy Solutions 1 LLC ("Sunora"), with NRG Solar, one of the largest photovoltaic ("PV") project developers in the United States; Hutchison Whampoa Limited (HKG:0013) says that its subsidiary Hutchison 3G Austria ("3 Austria") has signed a binding agreement to acquire 100% of Orange Austria to become a top 3 player in the Austrian market; Furukawa Electric (TYO:5801) has completed the acquisition of SuperPower Inc., a US-based manufacturer of second generation high temperature superconductivity wire; Tokyo Electron Limited (TYO:8035) plans to set up a wholly owned subsidiary in Singapore, called Tokyo Electron Singapore PTE Ltd., on April 1, 2012.

Most Asian stocks tumbled massively yesterday as the Obama government suggested a bankruptcy for the struggling US car makers. Most major indices in Asia opened higher on Tuesday despite sharp loss on Wall Street, largely due to optimism of the local economy and corporate performance.