https://www.businesswire.com/news/home/20180604005799/en/

HONG KONG--(BUSINESS WIRE)--Jun 4, 2018--Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own 9.9% of Alpine Electronics Inc. (TYO:6816) (“Alpine” or the “Company”), making Oasis the Company’s largest shareholder after Alpine’s parent company, Alps Electric Co., Ltd. (TYO:6770) (“Alps”).

On May 9, 2018, Alpine released an announcement opposing Oasis’s shareholder proposals to be voted on at the AGM on June 21. Far from being persuasive, the announcement by Alpine provided further evidence that supports Oasis’s position and proposals, and underscores that Alps and Alpine must revise the Share Exchange Ratio.