Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

Securities Code 7609
March 6, 2024
To our shareholders
Shinsuke Tsuchiya
President and COO
Daitron Co., Ltd.
6-11, Miyahara 4-chome, Yodogawa-ku, Osaka

Notice of the 72nd Annual General Meeting of Shareholders
First, we would like to express our deepest condolences to those who were affected by the 2024 Noto Peninsula
Earthquake, and sincerely hope for the earliest possible recovery.
We hereby announce the 72nd Annual General Meeting of Shareholders of Daitron Co., Ltd. (the “Company”), which
will be held as indicated below.
Regarding this Annual General Meeting of Shareholders, information to be referenced in the meeting (matters to beprovided electronically) are to be provided electronically as well as posted across the websites below. We ask thatyou please take the time to confirm the documents by accessing one of the listed websites below.
[Official Company Website]
https://www.daitron.co.jp/ir/meeting.html (in Japanese)[Website of General Meeting of Shareholders Materials]
https://d.sokai.jp/7609/teiji/ (in Japanese)[Tokyo Stock Exchange Website (TSE Listed Company Information Service)]https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(Please access the above TSE website, enter “Daitron” in the “Issue (Company Name)” field or our securities code
“7609” in the “Code” field, select “Basic Information” and “Documents for Public Inspection/PR Information” inthat order, and then access the “Notice of Shareholders’ Meeting/Shareholders’ Meeting Materials” under“Documents for Public Inspection.”)If you will not attend the meeting in person, you may exercise your voting rights in advance in writing (bypostal mail) or via the internet, etc. Please review the attached Reference Documents for the General Meetingof Shareholders and exercise your voting rights in accordance with the instruction described below no later
than the closing time of our daily business hours (5:30 p.m.) on Wednesday, March 27, 2024 (JST).
Furthermore, the Company has decided to discontinue providing souvenirs on the day of the meeting. We
would appreciate your understanding.

-1-1. Date and Time: Thursday, March 28, 2024, at 10:00 a.m. (Reception desk will open at 9:00 a.m.) (JST)
2. Venue:

The Company’s 6th floor Large Conference Room
6-11, Miyahara 4-chome, Yodogawa-ku, Osaka

3. Purpose of the Meeting
Matters to be reported:
1. 72nd fiscal year (January 1, 2023, through December 31, 2023)
Report on Business Report and Consolidated Financial Statements, as well as the audit results ofConsolidated Financial Statements by the financial auditor and the Board of Corporate Auditors
2. 72nd fiscal year (January 1, 2023, through December 31, 2023)
Report on Non-consolidated Financial Statements
Matters to be resolved:
Proposal No. 1:
Appropriation of Surplus
Proposal No. 2:
Election of Two Substitute Corporate Auditors
Proposal No. 3:
Introduction of Share Remuneration Plan for Executive Directors

1. If you attend the meeting in person, please submit the voting form included along with this notice to the reception desk.
2. In the event of any modification to the electronic documents provided, a notice will be posted on each of the above listed websites,
as well as records of modified and unmodified versions of the documents.
3. With this Annual General Meeting of Shareholders, regardless of whether or not a request for delivery of documents has been made,all shareholders will receive documents stating matters to be provided electronically. Of the matters to be provided electronically,
the following matters are not stated in the documents delivered to shareholders based on laws and regulations and the provisions ofArticle 19, paragraph (2) of the Company’s Articles of Incorporation.
Subsequently, the Business Report, Consolidated Financial Statements, Non-consolidated Financial Documents stated in such
documents are included as a part of the documents audited by the financial auditor when preparing their audit report and by the
Corporate Auditors when preparing their audit report.
・ “Basic Policy on Control of Company” in the Business Report・ “Consolidated Statement of Changes in Equity” in Consolidated Financial Statements
・ “Notes on Consolidated Financial Statements” in Consolidated Financial Statements
・ “Non-consolidated Statement of Changes in Equity” in Non-consolidated Financial Statements
・ “Notes on Non-consolidated Financial Statements” in Non-consolidated Financial Statements-2-

Reference Documents for the General Meeting of Shareholders
Proposals and reference information
Proposal No. 1:

Appropriation of Surplus

The Company has given consideration to matters including the business performance of the fiscal year and futurebusiness development, and it proposes to appropriate surplus for the 72nd fiscal year as follows:
Year-end dividends(1) Type of dividend property
To be paid in cash.
(2) Allotment of dividend property and their aggregate amount¥70 per common share of the Company
Total payment: ¥777,214,340
As the Company has already paid an interim dividend of ¥50 per share, the annual dividend for the fiscal
year will be ¥120 per share.
(3) Effective date of dividends of surplus
March 29, 2024

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Proposal No. 2:

Election of Two Substitute Corporate Auditors

The Company proposes the election of two substitute Corporate Auditors to be ready to fill a vacant position should
the number of Corporate Auditors fall below the number required by laws and regulations.
The candidates for substitute Corporate Auditors are as follows: Hideki Sakai is a candidate for Corporate Auditor
as a substitute for Minoru Ujihara who is our current Corporate Auditor, and Shunsaku Yagi is a candidate for
Outside Corporate Auditor as a substitute for Noriko Kitajima and Satoshi Nakayama who are our Outside
Corporate Auditors.
The election of substitute Corporate Auditors will be valid until the time of the commencement of the next annual
general meeting of shareholders. However, the validity of the election can be nullified by resolution of the Boardof Directors if the consent of the Board of Corporate Auditors has been obtained; provided, however, that thisapplies only in the time before assuming office as Corporate Auditor.
In addition, the consent of the Board of Corporate Auditors has been obtained for this proposal.
Candidate
No.

Name(Date of birth)

Career summary, and position in the Company(Significant concurrent positions outside the Company)

Apr. 1990
Joined the Company
Hideki Sakai
6,100(July 19, 1967)
May 2022
Head of Audit Office (to present)[Reasons for nomination as candidate for substitute Corporate Auditor]
Since Hideki Sakai has been engaged in internal audit work for many years and has extensive business experience, agood track record and knowledge, the Company believes that he is competent to perform an audit appropriately andnominates him as a candidate for a substitute Corporate Auditor.

1

Oct. 1971

2

Notes:

Number of theCompany’s shares
owned

1.
2.
3.

4.

Registered as a certified tax accountant (topresent)
Oct. 1972
Joined Tohmatsu Awoki & Co. (currently
Deloitte Touche Tohmatsu LLC)
Shunsaku Yagi
Sep. 1978
Registered as a certified public accountant (to(March 8, 1945)
present)[Candidate for substitute Outside–
Corporate Auditor]
Aug. 1983
Established Certified Public Accountant Tax
Accountant, Shunsaku Yagi & Associates, Inc.,
OutsideDirector (to present)
IndependentMar. 2007
Outside Corporate Auditor of the Company(Significant concurrent positions outside the Company)
Certified Public Accountant Tax Accountant, Shunsaku Yagi &Associates, Inc., Director[Reasons for nomination as candidate for substitute Outside Corporate Auditor]
Since Shunsaku Yagi has extensive experience and highly professional knowledge as a certified public accountant, theCompany believes that he will be able to provide beneficial opinions and advice about the audit of the Daitron Groupand nominates him as a candidate for a substitute Outside Corporate Auditor. Shunsaku Yagi has never in the past been
involved in the management of a company except as an outside officer. However, the Company judges he willappropriately fulfill duties as an Outside Corporate Auditor based on the above reasons.
There is no special interest between any of the candidates for substitute Corporate Auditor and the Company.
Shunsaku Yagi is a candidate for substitute Outside Corporate Auditor.
If Shunsaku Yagi assumes the office of Corporate Auditor, the Company plans to enter into an agreement with him pursuant
to the provisions of Article 427, paragraph (1) of the Companies Act to limit his liability for damages under Article 423,
paragraph (1) of the same Act. The maximum amount of liability for damages under this agreement is the amount provided
for under laws and regulations if the Corporate Auditor executes his duties in good faith and without gross negligence.
If Hideki Sakai and Shunsaku Yagi assume the office of Corporate Auditor, the Company plans to enter into anindemnification agreement with them pursuant to the provisions of Article 430-2, paragraph (1) of the Companies Act,
under which the Company will indemnify them for the expenses set forth in item (i) and losses set forth in item (ii) of thesame paragraph to the extent provided for under laws and regulations. However, in order to ensure that this indemnificationagreement does not impair the appropriateness of the execution of duties by a corporate officer, indemnification is notprovided in the event of malicious intent or gross negligence in the execution of their duties.

-4-5. In accordance with provisions of Article 430-3, paragraph (1) of the Companies Act, the Company has entered into a
directors and officers liability insurance policy with an insurance company. The insureds in the insurance policy do notbear any of the premiums. The insurance policy covers legal damages that may arise due to the insured assuming
responsibilities for the execution of duties as a corporate officer or being subjected to a claim for damages related to thesaid liability. However, in order not to impair the appropriateness of duty execution by the insured, the policy does notcover damages arising from performance of an illegal act with full knowledge of its illegality. If Hideki Sakai andShunsaku Yagi assume the office of Corporate Auditor, both of them will be included as insureds in the insurance policy.
6. Shunsaku Yagi satisfies the requirements for an independent officer as provided for by the Tokyo Stock Exchange Inc.,and if he assumes the office of Outside Corporate Auditor, the Company plans to register him as an independent officer
with the exchange.

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Proposal No. 3:

Introduction of Share Remuneration Plan for Executive Directors

It was approved that the amount of remuneration, etc. for Directors of the Company shall be no more than ¥500,000
thousand per year (excluding salaries for employees) by the resolution at the Extraordinary General Meeting of
Shareholders held on September 20, 1991. However, for the purposes of providing the Company’s Executive
Directors (the “Eligible Directors”) with incentives to continuously improve the Company’s corporate value by
further clarifying the linkage between their remuneration and the Company’s business performance and sharevalue, as well as of further promoting value sharing between the Eligible Directors and shareholders, the Company
proposes the introduction of a new performance-linked share remuneration plan (the “Plan”) for the Eligible
Directors, as described below, separately from the above remuneration plan.

1. Overview of the Plan
The Plan is a performance-linked share remuneration plan in which the Board of Directors sets in advance
numerical targets for the Company’s business performance during the period from the first day of each fiscal
year to the last day of that fiscal year (the “Evaluation Period”), and the number of the Company’s commonshares and money (the “Company’s Shares, Etc.”) calculated based on the achievement of such numericaltargets and the Eligible Directors’ position, etc. are granted to the Eligible Directors as remuneration, etc. using
performance share units. The Board of Directors shall determine the performance indicators to be adopted
under the Plan, which include indicators of profits, indicators of sales, and other indicators based on the
Company’s management policy.
Therefore, the Plan is to deliver or pay the Company’s Shares, Etc. in accordance with the degree ofachievement of numerical targets for business performance, etc., and at the time of the introduction of the Plan,
whether or not to deliver or pay the Company’s Shares, Etc., the number of shares to be delivered, and theamount of money to be paid to each Eligible Director have not been determined.
Under the Plan, the total amount of common shares of the Company to be issued or disposed of to the Eligible
Directors shall be no more than 10,000 shares per year (provided, however, that if a share split (including gratis
allotment of the Company’s common shares) or a consolidation of shares of the Company’s common shares isconducted after the date this proposal is approved, the maximum number shall be adjusted according to thesplit ratio or consolidation ratio), the total amount of the Company’s Shares, Etc. shall be an amount consideredreasonable in light of the above purposes, not exceeding ¥35 million per year, separately from the above
remuneration plan.
There are three current Directors who can be included as Eligible Directors.
The grant of shares of the Company’s common shares under the Plan shall be conducted by either of thefollowing methods, based on a resolution of the Board of Directors.
(1) Method in which the Company’s common shares are issued or disposed of without requiring payment ofmoney or delivery of properties contributed in kind as remuneration, etc. to the Eligible Directors(2) Method in which a monetary remuneration claim is paid as remuneration, etc. to the Eligible Directors, andthe Eligible Directors are to receive all of such monetary remuneration claim as properties contributed inkind, and the Company’s common shares are issued or disposed of (In case of (2), the amount to be paid
per share shall be determined by a resolution of the Board of Directors based on the closing price of theCompany’s common shares on the Tokyo Stock Exchange on the business day immediately preceding thedate of such resolution by the Board of Directors on the issuance or disposal (or if no transaction is effectedon that date, the closing price on the immediately preceding trading day) to the extent not particularly
favorable to the Eligible Directors.)-6-2. Requirements for granting the Company’s shares, Etc.
Under the Plan, upon completion of the Evaluation Period and fulfillment of the requirements outlined below,
the Company’s Shares, Etc. will be granted to the Eligible Directors (including the Eligible Directors who
newly assumed the office after the commencement of the Evaluation Period).
(1) There has been not certain misconduct, etc., as determined by the Board of the Directors of the Company(2) Other requirements determined by the Board of Directors as necessary to achieve the purposes of theperformance-linked share remuneration plan are satisfied
After the commencement of the Evaluation Period (or, in the case of an Eligible Director who newly assumed
the office after the commencement of the Evaluation Period, after such assumption of the office) and prior to
the grant of the Company’s Shares, Etc., (1) if the Eligible Directors resign or retire from the position of
Executive Director or other position determined by the Board of Directors of the Company due to death orother reasons deemed justifiable by the Board of Directors; (2) if the general meeting of shareholders of theCompany approves a merger agreement under which the Company becomes a dissolving company, a shareexchange agreement under which the Company becomes a wholly-owned subsidiary, a share transfer plan, orother matters related to reorganization, etc. (provided, however, that if such reorganization, etc. does not requireapproval at a general meeting of shareholders, the Board of Directors of the Company); or (3) if the Board of
Directors finds a justifiable reason, the Company’s Shares, Etc. may be granted, if necessary, at a time
reasonably determined and in the number or amount reasonably determined by the Board of Directors.

3. Reasons why the payment of remuneration under the Plan is reasonable
The payment of remuneration under the Plan is considered to be reasonable for the following reasons: (1) thePlan provides an incentive for the sustainable improvement of corporate value over the medium to long termby setting business performance targets for the Evaluation Period and granting the Company’s Shares, Etc. inaccordance with the degree of achievement of such targets, and (2) the ratio of the total number of shares under
the performance-linked share remuneration plan to the total number of shares outstanding is approximately
0.09% for each Evaluation Period, and the dilution ratio is minimal.
In addition, the Board of Directors, at its meeting held on February 12, 2021, established a policy for
determining the details of remuneration, etc. for individual Directors, an overview of which is shown on page
19 of the Business Report (in Japanese only), and if this proposal is approved, the Company plans to change
this policy in a manner consistent with this proposal.

(Reference)
If this proposal is approved, the Company plans to introduce a performance-linked share remuneration plan
similar to the Plan for Corporate Officers and upper-level employees.

-7-