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 8, 2022
To our shareholders:
Shinsuke Tsuchiya
President and CEO
Daitron Co., Ltd.
6-11, Miyahara 4-chome, Yodogawa-ku, Osaka

Notice of the 70th Annual General Meeting of Shareholders
We are pleased to announce the 70th Annual General Meeting of Shareholders of Daitron Co., Ltd. (the “Company”),
which will be held as indicated below.
To prevent the spread of the novel coronavirus disease (COVID-19), we recommend that you refrain fromcoming to this General Meeting of Shareholders, and that you exercise your voting rights in advance in writingor via the internet, etc., as much as possible.
If you exercise your voting rights in advance in writing or via the internet, etc., please review the attached
Reference Documents for the General Meeting of Shareholders and exercise your voting rights in accordancewith the instruction described below no later than the closing time of our daily business hours (5:30 p.m.) onTuesday, March 29, 2022 (JST).
The Company will not provide souvenir gifts on the day and has decided to cancel the shareholders reception.
We would appreciate your understanding.
1. Date and Time: Wednesday, March 30, 2022, 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. 70th fiscal year (January 1, 2021, through December 31, 2021)
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. 70th fiscal year (January 1, 2021, through December 31, 2021)
Report on Non-consolidated Financial Statements
Matters to be resolved:
Proposal No. 1:
Appropriation of Surplus
Proposal No. 2:
Amendment to the Articles of Incorporation
Proposal No. 3:
Election of Two Substitute Corporate Auditors
1. If you attend the meeting in person, please submit the enclosed voting form to the reception desk.
2. Information on the items listed below is available online on the Company’s website (https://www.daitron.co.jp/en/) as part of thedocuments that should be provided together with this Notice of Convocation in accordance with relevant laws and regulations andwith Article 19 of the Articles of Incorporation, and therefore is not included in this Notice of Convocation. These items are some ofthe items audited by Corporate Auditors and the financial auditor in preparing the 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
3. Any amendment to the Reference Documents for the General Meeting of Shareholders, Business Report, Consolidated FinancialStatements and Non-consolidated Financial Statements will be posted on the Company’s website (https://www.daitron.co.jp/en/).

-1-4. Measures to prevent the spread of COVID-19(1) Requests to shareholders
・ We recommend that you refrain from coming to this General Meeting of Shareholders, and that you exercise your voting rights
in advance in writing or via the internet, etc., as much as possible.
・ Due to the circumstances described above, the Company will not provide souvenir gifts to the attending shareholders and has
decided to cancel the shareholders reception that takes place after the General Meeting of Shareholders. We would appreciate
your understanding.
(2) For shareholders who are considering attending the meeting・ We ask the shareholders who are considering attending this General Meeting of Shareholders to check the status of infections
and make sure they feel well on the day of the General Meeting of Shareholders, and to take precautions to prevent infection
including wearing a mask at the venue.
・ As precautions to prevent infection, all the attending shareholders will be required to have their temperature measured and havetheir hands disinfected at the reception desk and wear a mask at the venue. Shareholders who have symptoms such as a fever of
37.5 degrees Celsius or above or a cough may be refused entry to the venue of this General Meeting of Shareholders.
(3) The Company’s precautions
・ The Company’s officers and staff will be wearing a mask at the venue.

-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 70th 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¥45 per common share of the Company (including a commemorative dividend of ¥10)
Total payment: ¥499,375,575
As the Company has already paid an interim dividend of ¥35 per share, the annual dividend for the fiscal
year will be ¥80 per share.
(3) Effective date of dividends of surplus
March 31, 2022

-3-Proposal No. 2:

Amendment to the Articles of Incorporation

1. Reasons for proposal
Since the revised provisions provided for in a proviso to Article 1 of the Supplementary Provisions of the Act
Partially Amending the Companies Act (Act No. 70 of 2019) are to be enforced on September 1, 2022, theCompany proposes to make the following changes to its Articles of Incorporation in preparation for theintroduction of the system for providing informational materials for the general meeting of shareholders inelectronic format.
(1) Article 19, paragraph 1 in “Proposed amendments” below will stipulate that the Company shall takemeasures for providing information that constitutes the content of reference documents for the general
meeting of shareholders, etc. in electronic format.
(2) Article 19, paragraph 2 in “Proposed amendments” below will establish the provision to limit the scope of
the items to be stated in the paper-based documents to be delivered to shareholders who requested thedelivery of paper-based documents.
(3) Since the provisions for Internet Disclosure and Deemed Provision of Reference Documents for theGeneral Meeting of Shareholders, Etc. (Article 19 of the current Articles of Incorporation) will no longer
be required, they will be deleted.
(4) Accompanying the aforementioned new establishment and deletion, supplementary provisions regarding
the effective date, etc. will be established.

2. Details of amendments
Details of the amendments are as follows.
(Amended parts are underlined)
Current Articles of Incorporation
Articles 1. – 18.

Proposed amendments(Text omitted)

Articles 1. – 18.

(Internet Disclosure and Deemed Provision of Reference(Unchanged)(Deleted)

Documents for the General Meeting of Shareholders, Etc.)
Article 19.
When the Company convenes a general meeting ofshareholders, if it discloses information that is to be stated orpresented in the reference documents for the general meeting ofshareholders, business report, financial statements andconsolidated financial statements through the internet inaccordance with the provisions prescribed by the Ministry ofJustice Order, it may be deemed that the Company has provided
this information to shareholders.
(Newly established)(Measures for Providing Information in Electronic Format, Etc.)
Article 19.
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 providing
information in electronic format will be taken, the Company
may exclude all or some of those items designated by theMinistry of Justice Order from statements in the paperbased documents to be delivered to shareholders who-4-

Current Articles of Incorporation

Proposed amendments
requested the delivery of paper-based documents by therecord date of voting rights.

Articles 20. – 45.

(Text omitted)

Articles 20. – 45.

(Newly established)(Unchanged)
Supplementary Provisions

Article 1.
1. The deletion of Article 19 (Internet Disclosure and Deemed
Provision of Reference Documents for the General Meetingof Shareholders, Etc.) of the current Articles ofIncorporation and the new establishment of proposed
revision of Article 19 (Measures for Providing Information
in Electronic Format, Etc.) shall be effective from the dateof enforcement of the revised provisions provided for in theproviso to Article 1 of the Supplementary Provisions of theAct Partially Amending the Companies Act (Act No. 70 of2019) (hereinafter referred to as the “Date ofEnforcement”).
2. Notwithstanding the provisions of the preceding paragraph,Article 19 (Internet Disclosure and Deemed Provision ofReference Documents for the General Meeting ofShareholders, Etc.) of the current Articles of Incorporation
shall remain effective regarding any general meeting ofshareholders held on a date within six months from the Dateof Enforcement.
3. These Supplementary Provisions shall be deleted on thedate when six months have elapsed from the Date ofEnforcement or three months have elapsed from the date of
the general meeting of shareholders in the preceding
paragraph, whichever is later.

-5-

Proposal No. 3:

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 Auditor are as follows. Minoru Kaneda is a candidate for Corporate
Auditor as a substitute for Minoru Ujihara who is our current Corporate Auditor. Satoshi Nakayama is a candidatefor outside Corporate Auditor as a substitute for Shunsaku Yagi and Noriko Kitajima who are our outside Corporate
Auditors.
The election of substitute Corporate Auditor 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.
CandidateNo.

1Name(Date of birth)

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

Number of theCompany’s shares
owned

Apr. 1987
Joined the Company
Minoru Kaneda
1,100(May 1, 1962)
Apr. 2016
General Manager of Audit Office (to present)[Reasons for nomination as candidate for substitute Corporate Auditor]
Since Minoru Kaneda 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.
Oct. 1987

2Notes:Joined Tohmatsu Awoki & Sanwa (currentlyDeloitte Touche Tohmatsu LLC)
Aug. 1991
Registered as a certified public accountant (topresent)
Satoshi Nakayama
June 2007
Partner of Deloitte Touche Tohmatsu (currently(September 2, 1962)
Deloitte Touche Tohmatsu LLC)
[Candidate for substitute outsideJuly 2020
Established Satoshi Nakayama Certified Public–Corporate Auditor]
Accountant Office, Director (to present)
Established Kyorisshi Audit Corporation,
OutsideSenior Partner (to present)
Independent(Significant concurrent positions outside the Company)
Director of Satoshi Nakayama Certified Public Accountant
OfficeSenior Partner of Kyorisshi Audit Corporation[Reasons for nomination as candidate for substitute outside Corporate Auditor]
Since Satoshi Nakayama has extensive experience and highly professional knowledge as a certified public accountant,
the Company believes that he will be able to provide beneficial opinions and advice about the audit of the DaitronGroup and nominates him as a candidate for a substitute outside Corporate Auditor. Mr. Nakayama 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.
Furthermore, he satisfies the requirements for an independent officer as provided for by the Tokyo Stock Exchange, andif he assumes the office of Corporate Auditor, the Company plans to submit notification to the aforementioned
exchange concerning his designation as an independent officer.
1. There is no special interest between any of the candidates for substitute Corporate Auditor and the Company.
2. Satoshi Nakayama is a candidate for substitute outside Corporate Auditor.
3. If Minoru Kaneda and Satoshi Nakayama assume the office of Corporate Auditor, the Company plans to enter into anagreement with them pursuant to the provisions of Article 427, paragraph (1) of the Companies Act to limit their liabilityfor damages under Article 423, paragraph (1) of the same Act. The maximum amount of liability for damages under thisagreement is the amount provided for under laws and regulations.
4. 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 the-6-

said 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 Minoru Kaneda andSatoshi Nakayama assume the office of Corporate Auditor, both of them will be included as insureds in the insurance
policy.

-7-