DuPont Board of Directors Approves Qnity Distribution

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DuPont announced that its Board of Directors has approved the previously announced separation of its Electronics business, Qnity Electronics, Inc. To effect the separation, the DuPont Board of Directors declared a pro rata dividend of all of the issued and outstanding shares of common stock of Qnity. The dividend is expected to occur on November 1, 2025, the distribution date, to DuPont stockholders of record as of the close of business on October 22, 2025, the record date. Effective as of the distribution date, each DuPont stockholder will receive one (1) share of Qnity common stock for every two (2) shares of DuPont common stock held on the record date. Registered DuPont stockholders will receive cash in lieu of any fractional shares of Qnity common stock.

In connection with the separation and the distribution, the Qnity Board of Directors today declared a cash dividend of approximately $4.122 billion, plus the pre-funded interest deposit of approximately $66 million made by DuPont in connection with the debt obligations incurred by Qnity, plus any investment returns on the amounts held in escrow in respect of such debt obligations, payable to DuPont.

“Today’s announcement marks a significant milestone in successfully separating Qnity on November 1,” said Lori Koch, chief executive officer of DuPont. “We are unlocking new opportunities for both organizations to thrive independently, while remaining committed to delivering exceptional value to our shareholders, customers, and employees."

The New York Stock Exchange has authorized the Qnity common stock for listing and has advised that “when-issued” trading is expected to begin on October 27, 2025, under the symbol “Q WI”, with such trading ending at the close of business on October 31, 2025. Following the separation and distribution, Qnity common stock is expected to begin “regular way” trading on the NYSE on Monday, November 3, 2025 under the symbol “Q”.

Beginning on October 27, 2025, and continuing through October 31, 2025, it is expected that there will be two markets in DuPont common stock on the NYSE: a “regular-way” market under the symbol “DD” in which DuPont shares will trade with the right to receive shares of Qnity common stock in the distribution, and an “ex-distribution market” under the symbol “DD WI” in which DuPont shares will trade without the right to receive shares of Qnity common stock in the distribution. If you sell DuPont common stock in the “regular-way” market on or prior to the last trading day prior to the distribution date, you will be selling your right to receive Qnity common stock in the distribution.

No action is required by DuPont stockholders to receive shares of Qnity common stock in the distribution. DuPont stockholders are encouraged to consult with their financial and tax advisors regarding the specific implications of the distribution, including the specific implications of buying or selling DuPont common stock on or before the distribution date and the U.S. federal, state and local or foreign tax consequences, as applicable, of the distribution.

The distribution is subject to the satisfaction or waiver of certain customary conditions, which DuPont expects will be satisfied by the distribution date.