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Corporation
avantcorp.com

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Investments

1

About Avant

Avant provides business applications for accounting, planning, and management.

Avant Headquarter Location

Shinagawa Intercity Tower B 13F 2-15-2, Konan, Minato-ku

Tokyo, 108-6113,

Japan

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Latest Avant News

Avant : Notice of Partial Amendment to the Article of Incorporation

Sep 8, 2021

08/20 09/08/2021 | 12:02am EDT Message : September 8, 2021 Avant Corporation Tetsuji Morikawa, President and Group CEO For inquiry: Naoyoshi Kasuga, Director and Group CFO 81-3-6388-6739 Notice of Partial Amendment to the Article of Incorporation Avant Corporation (Stock code: 3836) hereby announces that its Board of Directors has resolved at a meeting held today to submit a proposal for partial amendment of the Articles of Incorporation to the 25th Ordinary General Meeting of Shareholders to be held on September 28, 2021, as follows. 1. Reason for the change (1) Amendment to allow a general meeting of shareholders without a fixed place The "Act for Partial Revision of the Industrial Competitiveness Enhancement Act, etc." (hereinafter referred to as the "Revised Industrial Competitiveness Act") came into effect on June 16, 2021. (hereinafter referred to as the "Revised Industrial Competitiveness Law") came into effect on June 16, 2021, allowing listed companies to hold general meetings of shareholders without a fixed location (i.e., general meetings of shareholders where directors, shareholders, etc. attend via the Internet, etc. without a physical venue) under certain conditions as stipulated in the Articles of Incorporation. In response to these amendments to the law, the Company has decided to make it possible to hold general meetings of shareholders without a fixed location in order to make it easier for many shareholders, including those in remote areas, to attend the meetings, thereby making them more active, efficient, and smooth, as well as to reduce the risk of infectious diseases, such as the new coronavirus infection, which has an enormous impact on people's lives, and large-scale natural disasters. The Company proposes to amend Article 11 of the current Articles of Incorporation so that the General Meeting of Shareholders can be held without specifying the place. However, in deciding on the method of holding the General Meeting of Shareholders, the rights of shareholders will be given the highest priority each time the meeting is held, and the Board of Directors will make a careful decision based on social demands in light of infectious diseases and large-scale disasters. (2) Change in the Method of Electing the Chairman of the Board of Directors In light of the points raised by several directors in the questionnaire for evaluating the effectiveness of the Board of Directors conducted in May 2021, it is proposed that the Chairman of the Board of Directors be elected by resolution of the Board of Directors, and that Article 22 of the current Articles of Incorporation be amended to create an ideal governance system in which directors clarify their positions of execution and supervision and engage in discussions. In order to establish an ideal governance system in which directors clearly discuss the positions of execution and supervision, Article 22 of the current Articles of Incorporation is amended. 2. Details of the change The details of the change are as follows. (Underlined parts indicate changes.)

Avant Investments

1 Investments

Avant has made 1 investments. Their latest investment was in Metapraxis as part of their Corporate Minority on January 1, 2021.

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Avant Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/29/2021

Corporate Minority

Metapraxis

Yes

1

Date

1/29/2021

Round

Corporate Minority

Company

Metapraxis

Amount

New?

Yes

Co-Investors

Sources

1

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