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 shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.

December 25, 2018
For Immediate Release:
MTI Ltd.
Toshihiro Maeta,
President and Chief Executive Officer
Listing: Tokyo Stock Exchange(First Section) [9438]
Contact: Hiroshi Matsumoto, Senior Managing Director
Tel: +81-3-5333-6323NOTICE OF RESULTS OF VOTING RIGHTS AT
THE 23RD ANNUAL GENERAL MEETING OF SHAREHOLDERS
MTI Ltd. announces that at the 23rd annual general meeting of shareholders held on December 22, 2018,resolutions were adopted on the proposals described below. All proposals were adopted by a majority vote ofshareholders who exercised their voting rights in advance of the meeting and shareholders who were present
at the meeting. Details are as follows:
1. Proposals
Proposal 1: Appropriation of surplus(1) Matters concerning the allotment of dividend property to shareholders and total amount thereof :8 yen per share of the Company’s common stock, in a total amount 437,466,176 yen(2) Effective date
December 25, 2018
Proposal 2: Partial amendment to the article of incorporation
Proposal 3: Election of seven (7) directors
Election of seven (7) directors: Toshihiro Maeta, Hiroshi Izumi, Katsunori Osawa, Hiroshi
Matsumoto, Muzhi Zhou, and Hikaru Yamamoto, Ryosuke Tsuchiya
Proposal 4: Election of one (1) statutory auditor
Election of one (1) statutory auditor: Minoru Takei
2. The numbers of votes in favor, votes against, and abstentions, requirements for resolutions, andresults
Voting results
Number of
Number of
Number of
Ratio ofMatters resolved
votes
votes against
Adoptedabstentions
votes inin favor
proposals
or notfavor (%)
Proposal 1: Appropriation of surplus

443,524

205

117

97.91

Adopted443,513

216

117

97.91

AdoptedToshihiro Maeta

441,808

1,921

117

97.53

AdoptedHiroshi Izumi

441,928

1,801

117

97.56

Adopted

Proposal 2: Partial amendment to thearticle of incorporation
Proposal 3: Election of seven (7) directors

1Matters resolved

Number of

Number ofvotes

votes against

in favor

proposals

Voting results
Number ofRatio ofabstentions

votes infavor (%)

Adoptedor notKatsunori Osawa

440,345

3,384

117

97.21

AdoptedHiroshi Matsumoto

440,350

3,379

117

97.21

AdoptedMuzhi Zhou

443,497

232

117

97.90

AdoptedHikaru Yamamoto

443,535

194

117

97.91

AdoptedRyosuke Tsuchiya

443,455

274

117

97.89

Adopted

Proposal 4: Election of one (1) statutory auditor
Minoru Takei
443,367362
117
97.87 Adopted
The resolution for Proposal 1 shall be adopted by a majority of the voting rights of shareholders present
that are entitled to exercise voting rights.
The resolution for Proposal 2 shall be adopted by two third or more of the voting rights of shareholders
present if shareholders holding a third or more of the voting rights of all shareholders that are entitled
to exercise voting rights are present.
The resolution for Proposal 3 and Proposal 4 shall be adopted by a majority of the voting rights ofshareholders present if shareholders holding a third or more of the voting rights of all shareholders thatare entitled to exercise voting rights are present.
3. Reason why part of the voting rights of shareholders present at the shareholders’ meeting were notcountedThe voting rights of shareholders present at the shareholders’ meeting that were not confirmed to be votes
in favor, votes against, or votes withheld were not counted because the aggregation of the voting rights
exercised before the shareholders’ meeting and the voting rights of shareholders present at the meeting
whose votes were confirmed to be votes in favor, votes against, or votes withheld satisfied the requirements
for the resolution and the resolution was adopted under the Companies Act.

【Contact information for inquiries】
Investor relations office
MTI Ltd.
Tel : +81-3-5333-6323
Fax : +81-3-3320-0189
E-mail：ir@mti.co.jp URL：https://www.mti.co.jp/eng2