DEPOSIT AGREEMENTDeposit Agreement • December 19th, 2023 • Citibank,N.A./ADR • Motor vehicles & passenger car bodies • New York
DEPOSIT AGREEMENT, dated as of [l], 2023, by and among (i) HW ELECTRO CO. LTD., a joint-stock corporation with limited liability organized under the laws of Japan, and its successors (the “Company”), (ii) CITIBANK, N.A., a national banking association organized under the laws of the United States of America (“Citibank”) acting in its capacity as depositary, and any successor depositary hereunder (Citibank in such capacity, the “Depositary”), and (iii) all Holders and Beneficial Owners of American Depositary Shares issued hereunder (all such capitalized terms as hereinafter defined).
