Mitutoyo Corporation conditionally agreed to purchase 41% of the issued share capital of Leeport Metrology Corporation (hereinafter the Target Company) from Leeport Machine Tool Co.,Ltd. (hereinafter the Company) today by two phases to become a 51% shareholder of the Target Company. Common and unified strategies over China market including Central and North region will be further implemented as a Mitutoyo Group for the future.

Mitutoyo Corporation and the Company have entered into the Strategic Alliance and Shareholders Agreement in order to strengthen the overall business alliance including sales, service and administration areas through the Target Company. The alliance intends to increase sales of Mitutoyo products and to enhance the quality of customer service and compliance in the fast growing market of China.

The Company is a subsidiary of Leeport (Holdings) Limited listed in Hong Kong Stock Exchange (stock code:0387).