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In anticipation of the Intended Electronics Separation[1], DuPont is internally separating its businesses effective October 1, 2025 (the “Internal Separation Effective Date”) by updating its legal entity structure so that all legal entities hold either the New DuPont business or the Electronics business. Upon completion of the Intended Electronics Separation, the legal entities holding the Electronics business will be part of the planned new independent, publicly traded electronics company. For clarity, until the completion of the Intended Electronics Separation, the Electronics business is, and continues to be, a business of DuPont regardless of any changes as part of our internal separation.
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[1] On January 15, 2025, DuPont de Nemours, Inc. (“DuPont”, or after the completion of the Intended Electronics Separation, “New DuPont”) announced it is targeting November 1, 2025 to complete the intended separation of its Electronics business (the “Intended Electronics Separation”) by way of a spin-off transaction, thereby creating a new independent, publicly traded electronics company (“Qnity Electronics, Inc.”).
The Intended Electronics Separation will not require a shareholder vote and is subject to satisfaction of customary conditions, including final approval by DuPont's Board of Directors, receipt of tax opinion from counsel, the completion and effectiveness of the Form 10 registration statement filed with the U.S. Securities and Exchange Commission, applicable regulatory approvals and satisfactory completion of financing.