Asia Pacific Index Roundup

Research evidence excerpt

Asia Pacific Index Roundup

J P M O R G A N Global Markets Strategy

29 July 2026

July 29th

Corporate Events Effective Today Global Quantitative and Derivatives

Strategy

FTSE DM: Hikari Tsushin Inc (9435 JP), S Inc F Inc, 0.008m Ss (9% ADV) AC Joanne Cheung

MSCI DM Small Cap: Sumitomo Chem Co (4005 JP), S Inc, 0.117m Ss (1%

(852) 2800-8596

ADV) joanne.cy.cheung@jpmorgan.com

J.P. Morgan Securities (Asia Pacific) Limited/ J.P.

Morgan Broking (Hong Kong) Limited

Corporate Event Effective Next Business Day

Min Moon

NIL (1-212 ) 272-8456

min.k.moon@jpmorgan.com

New Corporate Event J.P. Morgan Securities LLC

Pankaj Gupta, CFA

MSCI India Small Cap - INOX GREEN ENERGY SVCS will demerge its Power (44-20) 7134-5483

Evacuation Business segment into a separate publicly listed company, Inox pankaj.gupta2@jpmorgan.com

Renewable Solutions. For every 1,000 shares held, INOX GREEN ENERGY J.P. Morgan Securities plc

SVCS shareholders will receive 122 shares of Inox Renewable Solutions. The ex- Vivek G Shah

date of the spin-off is July 31, 2026. The first trading day of Inox Renewable (44-20) 7134-4084

vivek.g.shah@jpmorgan.com

Solutions is uncertain. The transaction has received the shareholders' approval and J.P. Morgan Securities plc

regulatory approvals. Based on the estimates, Inox Renewable Solutions does not

Priyanka Saraf

satisfy the criteria to be added to the MSCI Indexes. MSCI will apply a Price (1-212) 270-1410

Adjustment Factor (PAF) to the market price of INOX GREEN ENERGY SVCS priyanka.saraf@jpmorgan.com

on July 31, 2026 to reflect the spin-off. The PAF formula will be as follows: [P(t-1] J.P. Morgan Securities LLC

/ P(t)]. Since Inox Renewable Solutions will not start trading on the ex-date, MSCI

will temporarily add INOX GREEN ENERGY (DET) to the MSCI Global Small