Date: 2013-08-01

NTN Signs an Alliance Memorandum in the Bearing Business with Luoyang LYC Bearing Co., Ltd.

NTN Corporation (NTN) and China's Luoyang LYC Bearing Co., Ltd. (Luoyang LYC) have signed a memorandum that confirms the intention to begin study of an alliance between the two companies related to the bearing business, which the establishment of a joint venture to manufacture and sell automotive bearings in China.

1. Purpose of establishing a joint venture

As one of the issues emphasized in a new medium-term management plan

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