Translation

Company Name: Alpine Electronics, Inc.

Representative: Nobuhiko Komeya, President

November 24, 2016

Code Number: 6816 (First Section of the Tokyo Stock Exchange) Inquiries: Hitoshi Kajiwara, Managing Director,

Administration

TEL: +81-3-3494-1101 (from overseas)

Notice of Capital Increase of Equity Method Associate

Alpine Electronics, Inc. (the "Company") hereby announces that at a meeting of its Board of Directors held on November 22, 2016, it passed a resolution for the Company's subsidiary ALPINE ELECTRONICS (CHINA) CO., LTD. to underwrite 39% of the capital increase that the Company's equity method associate Neusoft Reach Automotive Technology (Shanghai) Co., Ltd. plans to implement.

  1. Outline of equity method associate implementing capital increase

    (i)

    (ii)

    Name:

    Address of head office:

    Neusoft Reach Automotive Technology (Shanghai) Co., Ltd.

    Room 1703, No. 888, Moyu South Road, Anting Town,

    Jiading District, Shanghai, China

    (Latest address as of November 24, 2016)

    (iii)

    Representative:

    Yongfeng Wang

    (iv)

    Business activities:

    Development and sales of automotive technologies

    (v)

    Capital:

    RMB307,700,000 (¥4,923 million*)

    (vi)

    Date of establishment:

    November 16, 2015

    (vii)

    Equity stakes:

    Neusoft Corporation: 51.25%

    ALPINE ELECTRONICS (CHINA) CO., LTD.: 48.75%

  2. Details concerning capital increase

    1. Date of capital increase: December 2016 (planned)

    2. Amount of capital increase: RMB255,000,000 (¥4,080 million*)

    3. Amount of underwriting: RMB99,450,000 (¥1,591 million*)

    4. Stated capital after capital increase: RMB562,700,000 (¥9,003 million*)

    5. Equity stakes after capital increase: Neusoft Corporation: 46.61%

      ALPINE ELECTRONICS (CHINA) CO., LTD.: 44.33%

      Shenyang FullRich Enterprise Management Center: 9.06%

      *Calculated based on the exchange rate of RMB1 to ¥16.00.

    6. Purpose of capital increase

      Neusoft Reach Automotive Technology (Shanghai) Co., Ltd. has been aiming to carry out significant technological development for the future automobile industry, using the more than 20 years of research and development achievements of the Company and Neusoft Corporation as a base, and expand its business in the Chinese market. It will utilize the increase in capital to meet the increased investment needed to support the expanding orders.

    7. Impact on operating results

      8. The impact of this capital increase of equity method associate on the Company's consolidated operating results will be immaterial.

    Alpine Electronics Inc. published this content on 05 December 2016 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 05 December 2016 05:48:09 UTC.

    Original documenthttp://www.alpine.com/e/investor/library/pdf/kessai/ja/2016e_en.pdf

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