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.

To Our Shareholders:

Securities Code: 6294
May 27, 2022
Yuji Okada,
President and Representative Director
Okada Aiyon Corporation
4-1-18 Kaigandori, Minato-ku, Osaka

Notice of the 63rd Annual General Meeting of Shareholders
You are hereby notified that the 63rd Annual General Meeting of Shareholders of Okada Aiyon Corporation (the“Company”) will be held as described below.
If you are unable to attend the meeting, you can exercise your voting rights by means of either of the following
methods. Please review the Reference Documents for the General Meeting of Shareholders below and exercise yourvoting rights.
[Exercising Voting Rights in Writing (By Mail)]
Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise Form and return it sothat it arrives by 5:30 p.m. (JST) on Thursday, June 16, 2022.
[Exercising Voting Rights via the Internet, etc.]
Please access the website designated by the Company for exercising voting rights (https://www.web54.net) andfollow the instructions on the screen to indicate your vote for or against the proposals by 5:30 p.m. (JST) on Thursday,June 16, 2022.
When exercising your voting rights via the Internet, etc. please refer to the “Guide to Exercising Voting Rights via
the Internet, etc.” on page 5 (available in the Japanese original only).
1. Date and Time: Friday, June 17, 2022 at 10:00 a.m. (JST)
2. Venue:
Art Grand Ballroom, 4th Floor, Art Hotel Osaka Bay Tower
1-2-1 Benten, Minato-ku, Osaka
3. PurposesItems to be reported:
1. Details of Business Report and Consolidated Financial Statements for the 63rd Term (April 1, 2021 to March31, 2022), as well as the results of audit of the Consolidated Financial Statements by the Accounting Auditor
and the Audit & Supervisory Board
2. Details of Non-consolidated Financial Statements for the 63rd Term (April 1, 2021 to March 31, 2022)
Items to be resolved:
Proposal No. 1
Appropriation of Surplus
Proposal No. 2
Partial Amendment to the Articles of Incorporation-1-4. Guide to Exercising Voting Rights, etc.
- When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk.
- Of the documents to be provided in this notice, the following items are posted on the Company’s website on
the Internet, pursuant to laws and regulations and the provisions of Article 16 of the Articles of Incorporation.
(1) Notes to Consolidated Financial Statements(2) Notes to Non-consolidated Financial Statements
These items are included in the Consolidated Financial Statements and Non-consolidated Financial Statements
audited by the Audit & Supervisory Board Members and the Accounting Auditor in the preparation of theAudit Report.
- Should the Reference Documents for the General Meeting of Shareholders, Business Report, Nonconsolidated Financial Statements and Consolidated Financial Statements require revisions, the revised
versions will be posted on the Company’s website.
The Company’s website: https://www.aiyon.co.jp/ (available in the Japanese version only)- Reception is scheduled to open at 9 a.m. (JST) on the day of the meeting.
- We will refrain from giving out souvenirs in light of fairness between shareholders who attend themeeting and those who have difficulty in attending the meeting and other factors. We ask for yourunderstanding in this matter.
- There is a concern about the spread of COVID-19. We are taking the following infection-prevention
measures and ask for your understanding and cooperation.

(Measures to be taken by the Company)- Speakers and administrative staff of the general meeting of shareholders will wear face masks.
- Alcohol disinfectants will be provided near the venue entrance.
- The general meeting of shareholders will proceed more smoothly than usual.
- The seats for shareholders will be placed further away from those for officers than usual, leaving space
between them.
- Beverages will not be provided from the perspective of preventing infection.
Requests to shareholders- Shareholders attending the meeting will be asked for their cooperation in wearing face masks, using
alcohol disinfectants and taking other infection-prevention measures.
- To avoid infection risk, we recommend that you refrain from attending the general meeting ofshareholders this year and exercise your voting rights in writing (by mail) or via the Internet, etc.
Especially, elderly people, those with an underlying illness and pregnant women, who are thought to besignificantly affected by infection, are asked to make a careful decision.
- Please note that shareholders attending the meeting who appear unwell may be talked to byadministrative staff.

-2-Reference Documents for the General Meeting of Shareholders
Proposal No. 1

Appropriation of Surplus

Taking into account the business performance of the fiscal year and future business development, the Company
proposes to appropriate surplus as follows:
Year-end dividends(1) Type of dividend property
To be paid in cash.
(2) Allotment of dividend property and aggregate amount thereof
The Company proposes to pay a dividend of ¥32 per common share of the Company.
In this event, the total dividends will be ¥256,524,320.
(3) Effective date of dividends of surplus
The effective date of dividends will be June 20, 2022.
(While the Company has an interim dividend system, it currently pays only year-end dividends.)-3-

Proposal No. 2

Partial Amendment to the Articles of Incorporation

1. Reasons for the Proposal
In connection with the scheduled enforcement of revised provisions provided for in the proviso to Article 1 of
the Supplementary Provisions of the Act Partially Amending the Companies Act (Act No. 70 of 2019) on
September 1, 2022, the system for providing informational materials for the general meeting of shareholders inelectronic format will be introduced. The Company therefore proposes to make the following changes to theArticles of Incorporation.
(1) Given the requirement to stipulate that the Company shall take measures for providing information that
constitutes the content of reference documents for the general meeting of shareholders, etc., in electronicformat in the Articles of Incorporation, Article 16 (Measures for Provision in Electronic Format, Etc.),
paragraph 1 in “Proposed amendments” will be newly established.
(2) Among items for which the measures for provision in electronic format will be taken with respect toinformation that constitutes the content of reference documents for the general meeting of shareholders,etc., in order to limit the scope of the items to be stated in the paper-based documents, to be delivered toshareholders who requested the delivery of paper-based documents, to the scope designated by the Ministryof Justice Order, Article 16 (Measures for Provision in Electronic Format, Etc.), paragraph 2 in “Proposedamendments” will be newly established.
(3) Since Article 16 (Internet Disclosure of Reference Documents, Etc.) of the current Articles of Incorporation
will no longer be required when the system for providing informational materials for the general meetingof shareholders in electronic format is introduced, it will be deleted.
(4) Supplementary provisions pertaining to the effectiveness of the aforementioned new establishment anddeletion of provisions will be established. These Supplementary Provisions shall be deleted after theeffective date has lapsed.
2. Details of the Amendment
The details of the amendment are as follows:
Current Articles of Incorporation(Internet Disclosure of Reference Documents, Etc.)
Article 16.
The Company may disclose information that is to be stated orpresented in the reference documents for the general meeting ofshareholders, financial statements and consolidated financialstatements, and business report through the Internet inaccordance with the provisions prescribed by the Ministry ofJustice Order.

(Newly established)(Newly established)(The amended parts are underlined.)
Proposed amendments(Deleted)(Measures for Provision in Electronic Format, Etc.)
Article 16.
1. When the Company convenes a general meeting ofshareholders, it shall take measures for providing
information that constitutes the content of reference
documents for the general meeting of shareholders, etc., inelectronic format.
2. Among items for which the measures for provision inelectronic format will be taken, the Company is not
required to state all or some of those items designated by
the Ministry of Justice Order in the paper-based
documents to be delivered to shareholders who requested
the delivery of paper-based documents by the record dateof voting rights.
(Supplementary Provisions)(Transitional Measures for Providing Informational Materials for
the General Meeting of Shareholders in Electronic Format)
Article 1.

-4-

Current Articles of Incorporation(Newly established)

1,

2.

3.

-5-

Proposed amendments
The deletion of Article 16 (Internet Disclosure ofReference Documents, Etc.) of the Articles ofIncorporation and the new establishment of Article 16(Measures for Provision in Electronic Format, Etc.) of theArticles of Incorporation shall go into effect on September
1, 2022.
Notwithstanding the provision of the preceding paragraph,Article 16 (Internet Disclosure of Reference Documents,Etc.) of the Articles of Incorporation shall remain effective
regarding any general meeting of shareholders held on adate within six months from September 1, 2022.
The provisions of this Article shall be deleted on the datewhen six months have elapsed from September 1, 2022, or
three months have elapsed from the date of the general
meeting of shareholders in the preceding paragraph,
whichever is later.