This document has been translated for the purpose of reference. In case of any differences between the original
Japanese document and the translation, the Japanese document shall take precedence.

Securities Code: 6929
March 6, 2023

Nippon Ceramic Co., Ltd.
176-17, Hirooka, Tottori-shi, Tottori, Japan
Shinichi Taniguchi, President and CEO

Notice of the 48th Ordinary General Meeting of Shareholders
Dear shareholders,
We hereby give notice that the 48th Ordinary General Meeting of Shareholders shall be convened as
outlined below.
Measures for the electronic provision of information that is the content of reference documents forthe general meeting of shareholders are taken (“Matters for Electronic Provision”) for this meeting,and Matters for Electronic Provision are posted on the Company’s website in accordance with theprovisions of Article 325-3 of the Companies Act. Please access the website below, select “IRLibrary” from the menu “Investor Relations” and find the information posted under the “Financialstatement and financial statement”
Company’s website（https://www.nicera.co.jp/）
Matters for Electronic Provision are also posted on the website of Tokyo Stock Exchange Inc.
(TSE), in addition to the Company’s website. If you cannot view Matters for Electronic Provision on
the Company’s website, please access the TSE website (“Listed Company Search”) below, input andsearch the name of the issue (name of company) or securities code, and select “Basic Information” >“Documents for Public Inspection/PR Information” > “Notice of General Shareholders Meeting /Informational Materials for a General Shareholders Meeting”, in order to view the information filedwith the TSE.
TSE website (“Listed Company Search”)
https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show
You may exercise your voting rights in advance via the Internet, etc. or in writing (postal mail) inlieu of voting in person at the meeting. After reviewing the following reference documents for thegeneral meeting of shareholders, please exercise your voting rights following the instructions below
no later than 4:00 p.m. on Thursday, March 23, 2023.

Details
1. Time & Date:
Friday, March 24, 2023, 10:00 a.m., Japan time. (Registration begins at 9:00 a.m.)
2. Venue: Torigin Cultural Hall (Tottori Prefectural Culture Hall), Conference Room 2
101-5, Shotokucho, Tottori-shi, Tottori, Japan
3. Purposes:
Items to Be Reported:-1-1. Business Report, Consolidated Financial Statements, and Auditing Reports ofAccounting Auditor and Audit &Supervisory Committee for Consolidated Financial
Statements, for the 48th fiscal year (January 1 to December 31, 2022)
2. Financial statements for the 48th fiscal year (January 1 to December 31, 2022)
Matters to Be Voted On:
Proposal : Election of two (2) Directors (excluding Directors who are Members of theAudit and Supervisory Committee)
4. On Voting Rights(1) Exercising voting rights via the Internet, etc.
If you exercise your voting rights via the Internet, etc., please read “On Voting Rights via theInternet” below, and exercise your voting rights no later than 4:00 p.m. on Thursday, March 23,2023.
(2) If you exercise your voting rights in writing (by mail)Please indicate your approval or disapproval of the agenda items on the enclosed voting form
and return it by 4:00 p.m. on Thursday, March 23, 2023. If neither approval nor disapproval ofeach proposal is indicated on the voting form, the Company will deem that you indicated yourapproval of the proposal.
(3) Exercise of voting rights several times
If you exercise your voting rights more than once using both the Internet, etc. and postal mail,the Company will treat the vote via the Internet, etc. as the effective exercise of your votingrights. If you exercise your voting rights via the Internet, etc. several times, we will treat the last
exercise as the effective exercise of your voting rights.

Notes:*Of the matters to be stated in Matters for Electronic Provision, the following content is posted on the Company’s
website below and the TSE website in accordance with legal statutes and Article 18 of the Articles of Incorporationof the Company, and the Company omits stating such content on documents the delivery of which is requested byshareholders. Therefore, business reports, consolidated financial statements and financial statements contained in thesaid documents constitute only part of the documents subject to audits for preparing the audit report by the accounting
auditor and audits for preparing the internal audit report by the Audit and Supervisory Board.
・Company structure and policy in the Business Report・Consolidated Statement of Changes in Shareholders’ Equity in the Consolidated Financial Statements and Notes tothe Consolidated Financial Statements
・Statement of Changes in Shareholders’ Equity in the Non-Consolidated Financial Statements and Notes to the NonConsolidated Financial Statements*Attendees are requested to hand over the attached voting card at the conference hall registration desk.
*In the event that Matters for Electronic Provision are revised, the revisions will be posted on the Company’s website
below and the TSE website by stating to that effect and unrevised and revised matters.

-2-<Requests to shareholders who attend>● Souvenirs and beverages will not be provided this year in order to reduce the risk of infection.
In addition, the briefing session after the General Meeting of Shareholders will be cancelled .
Your cooperation is appreciated.
● The seats in the venue will be set apart from each other to enable social distancing. As a result,
there will be fewer seats available this year compared to previous years. Please note that
admission may be restricted.
● Your temperature will be checked at the entrance to the venue with a non-contact thermometer.
If you feel unwell, for instance, if you have a temperature of 37.5 degrees or higher, you may be
asked to refrain from entering the venue.
● Please wear a mask and use the alcohol-based hand sanitizer provided at the venue.
● Company officers and staff who attend the general meeting of shareholders will all wear masks.
● If there is any major change in the arrangements for the General Meeting of Shareholders due tofuture circumstances, this will be announced on the website below.

＜Company’s website＞
https://www.nicera.co.jp/＜TSE website＞
https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show-3-

Guidance on Exercising Voting Rights
Voting rights at General Meetings of Shareholders are important rights of you as ashareholder.
Please exercise your voting rights after reading and considering the details of the attached
Reference Documents for the General Meeting of Shareholders.
The following three ways to exercise your voting rights are available.

If you exercise voting rights
via the Internet

If you exercise voting rights
in writing (by mail)If you attend the General
Meeting of Shareholders

Please follow the instructions
on the next page and enter
your approval or disapproval
for the proposals.

Please indicate your approvalor disapproval for theproposals on the enclosed
voting card and return it to us.

Please present the enclosed
voting card at the reception
desk upon your arrival.

Time & Date

Deadline

Deadline

Votes reaching us by 4:00 p.m.
on Thursday, March 23, 2023

Friday, March 24, 2023, 10:00
a.m., Japan time. (Registration
begins at 9:00 a.m.)

Entries completed by 4:00
p.m., Thursday, March 23,2023

If you exercise your voting rights more than once using both the Internet, etc. and postal mail, theCompany will treat the vote via the Internet, etc. as the effective exercise of your voting rights. If
you exercise your voting rights via the Internet, etc. several times, we will treat the last exercise as
the effective exercise of your voting rights.

-4-

On Voting Rights via the Internet
How to scan the QR code: Smart
Exercise

How to enter your voting code andpassword

You can log into the voting website without entering avoting code and password.

Voting website

1. Please scan the QR code on the lower right part of the

1. Please access the voting website for PCs.

voting card.

https://www.web54.net

・Click Next

*QR Code is the registered trademark of DENSO WAVEINCORPORATED.

2. Please enter your voting code printed on the voting card.
・Enter voting code.

2. Please follow the instructions on the screen to register

・Click Login.

whether you approve or disapprove of each proposal.
3. Please enter your password printed on the voting card.

● In Smart Exercise, exercise of voting rights may be

・Enter password

carried out only once.

・Please set a new password that you will actually use.

If you wish to change your vote after exercising your・Click Register.

voting rights, please access the website for PCs, log in to
the website by entering your voting code and password

4. Please follow the instructions on the screen to register

printed on your voting card, and exercise your voting

whether you approve or disapprove of each proposal.

right again.
*If you scan the QR code again, you can move to the PCwebsite.

For inquiries about operation procedure for exercising voting rights
via the Internet using PCs, smartphones, and cell phones, pleasecontact the inquiry desk on the right.

Sumitomo Mitsui Trust Bank Securities Agency Web Support
Dedicated Dial
TEL: 0120-652-031 (toll-free)(Reception time: 9:00-21:00)

Institutional investors are permitted to use the platform for the electronic exercise of voting rights for institutional investors operated by ICJ,
Inc.

-5-

Reference Documents for the General Meeting of Shareholders
Proposal : Election of two (2) Directors (excluding Directors who are Members of the Audit
and Supervisory Committee)
At the close of this General Meeting of Shareholders, the terms of office three (3) Directors(excluding Directors who are Members of the Audit and Supervisory Committee) will expire. To
review the management structure, the Company hereby proposes a decrease in the number ofDirectors by one (1) and the election of two (2) Directors. Moreover, with respect to this proposal,
we have received the approval of all of the Director candidates from the Audit and Supervisory
Committee.
The candidates for Director (excluding Directors who are Members of the Audit andSupervisory Committee) position are as follows:

Candidatenumber1Name(Date of birth)

NumberofBackground, positions and responsibilities, and major concurrent
Companypositions
sharesowned
July 1996

Joined the Company

March 2002

Director of the Company

April 2002

Concurrently, Executive Officer of theCompany (Current position)

January 2003

General Manager, Shanghai Nicera Sensor Co.,Ltd.

March 2006

Senior Managing Director of the Company

Shinichi Taniguchi

March 2009

（February 26, 1973)[Reappointment]

Representative Director of the Company(Current position)

April 2011

Concurrently, Head of the General Affairs
Department of the Company (Current position)

February 2012

Concurrently, Head of the Corporate Planning
Division of the Company

February 2014

President and CEO of the Company (Currentposition)

455,225
shares[Other major concurrent positions]
President and CEO, Taniguchi Kosan Co., Ltd.
President and CEO, Nicera Kosan Co., Ltd.
Chairperson, Kunshan Nicera Electrical Appliance Co., Ltd.
[Reasons for Nomination]
Mr. Shinichi Taniguchi has a wealth of experience in all areas of the Company, including production,development, sales, and overseas operations. He has led the Company as Representative Director since2009, during which he guided the Group’s management team and worked diligently to develop theGroup’s business. We nominate him as a candidate for reelection as Director because his wealth ofexperience and knowledge is deemed to be essential to the sustained improvement of the corporate valueof Company.

-6-

Candidate
numberName(Date of birth)

Haruko Kawasaki(November 8, 1964)[Reappointment]

Numberof
Background, positions and responsibilities, and major concurrent
Company
positionssharesownedApril 1987

Joined San-in Godo Bank

March 2013

Director of the Company (Current position)

January 2014

Resigned from San-in Godo Bank

March 2019

Head of the Corporate Planning Division of theCompany(Current position)

465,200
shares2[Reasons for Nomination]
Ms. Haruko Kawasaki has long experience working for a financial institution and possesses considerable
knowledge of finance and accounting. We nominate her as a candidate for reelection as Director because
her wealth of experience and knowledge is deemed to be essential to the sustained improvement of thecorporate value of Company
Note: There are no conflicts of interest between the Company and any of the candidates.

-7-(For reference) Skills matrix of the Board of Directors after the closing of the General Meeting ofShareholders
If the proposal is approved without modification, the skills matrix of the Board of Directors after theclosing of the General Meeting of Shareholders will be as follows.

NameTitle

ShinichiPresident andTaniguchi

CEOHarukoKawasaki

Director

Corporate

Finance /R&D /management

accounting

Production〇〇〇

Sales〇

OverseasLegalexperienceaffairs〇〇

Director
Kazuhito
Ichikawa(Member of the〇Audit and〇Supervisory
Committee)
External Director

YasuakiTamura(Member of the〇Audit andSupervisory
Committee)
External Director

Tomoaki
Seko(Member of the
Audit and〇SupervisoryCommittee)
External Director

Koichi
Ikehara(Member of the
Audit and〇Supervisory
Committee)-8-〇