May 29, 2023

05/17 05/28/2023 | 10:45pm EDT Message : *Required fields This is a summary translation of a notice in Japanese language distributed to Japanese shareholders and provided for the convenience of foreign shareholders. The Japanese version is the official, legal document. TSE 7717 Shigeto Sugimoto GENERAL MEETING OF SHAREHOLDERS 2023 To Our Shareholders We are pleased to inform you that the 26th Ordinary General Meeting of Shareholders will be held as follows. In convening this General Meeting of Shareholders, the Company has taken the measure of electronic provision of information that is the contents of the reference documents for the General Meeting of Shareholders, etc. (matters to be provided electronically), which have been posted on the Company's website on the Internet. The Company'ｓ Web Site Please access the following website to confirm the information 'SHAREHOLDERS MEETING 2023'. In addition to the Company's website, the matters to be provided electronically are also posted on the website of the Tokyo Stock Exchange (TSE), so please access the TSE website to confirm the information. TSE's Web site https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show Please enter or search for the stock name (company name) or securities code, and select "Basic Information" or "Documents for Public Inspection/PR Information" to confirm the information. In lieu of attending the meeting in person, you may exercise your voting rights in writing (Voting Rights Exercise Form) or by electromagnetic means (Internet, etc. ), so please review the "Reference Materials for the General Meeting of Shareholders" below and exercise your voting rights by 5:50 PM on Monday, June 26, 2023 (Tokyo time). In attending the meeting, you are kindly requested to make your decision after confirming the status of the new type of coronavirus infection and your own physical condition at the time of the General Meeting of Shareholders. If any major changes occur in the operation of this General Meeting of Shareholders due to the spread of infection, we will announce such changes on our website. 1 Election of Two (2) Auditors ⒋ Matters to be Determined at the Convocation of the Meeting (Information on the Exercise of Voting Rights) If no indication of approval or disapproval of each agenda item is made in the voting form, it will be treated as an indication of approval. If you exercise your voting rights more than once via the Internet, the last exercise of voting rights will be treated as a valid exercise of voting rights. If you exercise your voting rights both by mail and via the Internet, the vote cast via the Internet will be treated as the valid vote, regardless of the date of arrival. Note *Matters partially omitted from the document to be delivered At this General Meeting of Shareholders, the Company will uniformly send a document containing the matters of the electronic provision measure, regardless of whether or not a request for delivery of the document has been made. Pursuant to the provisions of laws and regulations and Article 14, Paragraph 2 of the Articles of Incorporation of the Company, the following items are excluded from the document to be sent. Each of the business report, consolidated financial statements, and non-consolidated financial statements included in this document is a part of the subject matter audited by the Statutory Auditors and the Accounting Auditor in preparing their audit reports. ⑴ Company Structure and Policies of Business Report ⑵ Consolidated Statements of Changes in Net Assets of Consolidated Financial Statements ⑶ Notes to Consolidated Financial Statements of Consolidated Financial Statements ⑷ Statement of Changes in Net Assets of Financial Statements ⑸ Notes to Non-Consolidated Financial Statements of Financial Statements ・In the event of any modification to the matters provided electronically, a statement to that effect and the matters before and after the modification will be posted on the Company's website on the Internet and on the TSE's website. 2 Proposal No.1 Appropriation of Surplus Our basic policy on profit sharing and dividends is to attempt stable and continuous profit distribution according to our operating results. We also consider securing appropriate internal reserves to accomplish future business expansion and reinforcement of our management. Based on this policy, and the results for the current period, the year-end dividend for the 26th Fiscal Year is as follows. Items related to the year-end dividends Types of dividend assets: Cash Allocation of dividend assets and the total dividend amount Per share of common stock: JPY30, Total: JPY 294,041,070 The effective date of the dividends of surplus: Wednesday, June 28, 2023 Proposal No.2 Election of Two (2) Auditors After this 26th General Meeting of Shareholders, the terms of two (2) current auditors will expire. Accordingly, we hereby propose the election of two (2) auditors. The candidates for auditors are as follows: No Mr. Abiru is candidate for the Outside Auditor. We have concluded an agreement with Mr. Nakahara based on Article 427, Paragraph 1 of the Companies Act, to limit his liability to an amount provided for by the laws and regulations for damages under Article 423, Paragraph 1 and we intend to continue the agreement if their reappointments are approved. We have concluded a directors' and officers' liability insurance policy with an insurance company pursuant to Article 430-3, Paragraph 1 of the Companies Act, and an outline of the contents of said insurance policy. If the appointment of the director candidates is approved, they will continue to be included as insured under the said insurance policy. In addition, the insurance policy will be renewed with the same contents at the next renewal. Mr. Abiru satisfies the requirements for independent directors as stipulated by the Tokyo Stock Exchange, and if his appointment is approved, he will be designated as an independent director. 4