Notice of Dissolution of Subsidiary

FUNAI ELECTRIC CO., LTD. (the “Company”) announces that at the meeting of the Board of Directors held on August 6, 2007, it was resolved that FUNAI ELECTRIC (MALAYSIA) SDN.BHD, the Company´s consolidated subsidiary, shall be dissolved as follows:

1. Reason of Dissolution
   FUNAI ELECTRIC (MALAYSIA) SDN.BHD has been engaged in manufacturing CRT TVs as Funai Group’s main factory of CRT TVs. As the results of review of the group’s geographical allocation of production base in line with the market shrinkage, however, the Company has judged discontinue the production of CRT TVs in Malaysia and fully transfer it to FUNAI (THAILAND) Co., LTD., the Company’s consolidated subsidiary.
   
   
2. Outline of FUNAI ELECTRIC (MALAYSIA) SDN. BHD
   

   (1)	Address	JOHOR DARUL TAKZIM, WEST MALAYSIA
   (2)	President	Yoshiyuki Sumitomo
   (3)	Established	April 6, 1989
   (4)	Business Line	Manufacture CRT TVs and its related products
   (5)	Paid in Capital	MYR30millions
   (6)	The Main Shareholder	100 % held by Funai Electric Co., Ltd.

   
   
3. Schedule
   December 2007 : Start of liquidation process
   December 2008 : Liquidation to be completed
   
   
4. Perspective for the future
   The affect on the forecast of fiscal year 2007 operating results ending in March 2008 from the dissolution of the subsidiary is negligible.

INQUIRIES ABOUT THIS PRESS RELEASE
Naoyuki Takanaka
Invester/ Public Relations Department
TEL:+81-72-870-4395

Notice of Dissolution of Subsidiary[PDF:64KB]