The transactions pursuant to the joint share transfer described in this document involve securities of a Japanesecompany. The joint share transfer is subject to disclosure requirements of Japan that are different from those of
the United States. Financial information included in this document, if any, was excerpted from financial
statements prepared in accordance with foreign accounting standards that may not be comparable to thefinancial statements of United States companies.
It may be difficult for you to enforce your rights and any claim you may have arising under the U.S. federal
securities laws, since the issuer is located in Japan and some or all of its officers and directors reside outside of
the United States. You may not be able to sue a Japanese company or its officers or directors in a Japanesecourt for violations of the U.S. securities laws. It may be difficult to compel a Japanese company and its
affiliates to subject themselves to a U.S. court’s judgment.
You should be aware that the issuer may purchase securities otherwise than under the joint share transfer, suchas in the open market or through privately negotiated purchases.
This document has been translated from the Japanese-language original for reference purposes only. In theevent of any conflict or discrepancy between this document and the Japanese-language original, the Japaneselanguage original shall prevail in all respects.

The 116th Annual General Meeting ofShareholders
General Meeting of Shareholders
Supplementary Documents

Chukyo Bank
Securities Code: 8530

To our shareholders:Business integration with The Aichi Bank, Ltd.

Table of Contents
1. Background and Purpose of the Business Integration
1
2. Overview of the Business Integration
2
3. Group Overview Post-Business Integration
3
4. Trade Name and Corporate Philosophy of the New Financial Group4
5. Management Strategy of the New Financial Group1. Background and Purpose of the Business Integration
Background of the Business Integration

Purpose of the Business Integration• Changes to the industry structure and social environment
such as environmental issues and a post-COVID world• Changes to the management environment due to theentrance of fintech companies and others to the market
and fiercer competition with other financial institutions• Increased importance of the mission and role of regional
financial institutions due to more sophisticated anddiverse customer needs• To leverage an expanded market share and the potential
to additionally invest resources because of the businessintegration and to respond to changes in the management
environment with an expanded stabilized sales base andimproved profitability• To enhance the corporate values of both banks andrespond to stakeholder expectations by developing asustainable business model for the future

Contributions to thedevelopment of theregional economy
Establishment of acorporate culture wherepersonnel are motivated totake on new challenges

Initiatives to Achieve
Purposes

Achievement ofmaximized effects ofintegration

Responding to moresophisticated anddiverse customer
needs

Optimal use ofmanagement
resources12. Overview of the Business Integration
Format of the Business Integration
Method ofShareTransfer• Establishment of a new joint holding company that makes
both banks wholly owned subsidiaries via share transfer.

Share
Transfer
Ratio• Shares shall be allocated and issued based on 3.33
common shares in the joint holding company for eachcommon share in Aichi Bank and 1 common shares in thejoint holding company for each common share in Chukyo
Bank.

SpecialDividendsby ChukyoBank• On September 30, 2022, all general shareholders ofChukyo Bank will receive a dividend of surplus of 141 yen
per share in Chukyo Bank as per the shareholder returns
policy.

Establishment of a Holding Company via Joint Share Transfer

Aichi Financial Group, Inc.
100%

100%

The Aichi Bank, Ltd. The Chukyo Bank, Limited

Schedule for the Business Integration
May 11, 2022
Execution of the Business Integration
Agreement (both banks)
Creation of a share transfer plan (both banks)
Execution of a Tendering of Treasury Shares
Agreement (Chukyo Bank)
June 24, 2022
Approval and resolution regarding the sharetransfer plan
(Annual meeting of shareholders at bothbanks)
September 29, 2022 (Scheduled)
Date of delisting for shares of both banks

September 30, 2022 (Scheduled)
Record date for interim dividends andspecial dividends
October 3, 2022 (Scheduled)
Date of establishment of holding company
and date of listing
Approx. two years after the effective dateof the share transfer
Merger of banks2

3. Group Overview Post-Business Integration
Overview of Holding Company
Trade Name

Aichi Financial Group, Inc.

Address of HeadOffice andHeadquarters
Functions3-14-12 Sakae, Naka-ku, Nagoya,
Aichi

SystemCompany with an audit andsupervisory committee

Representative
Director

Group Organization Chart (Expected)
General Meetingof Shareholders
Board of Directors

Renumeration Committee

Auditing Committee

Personnel Committee
Group Business ManagementCommittee

Risk Management Committee
ManagementCommittee

President and Representative Director
Yukinori Ito(President of Aichi Bank)
Vice-President and Representative
Director Hideo Kobayashi(President of Chukyo Bank)

Share Capital

20 billion yen

Scheduled Dateof
Establishment

October 3, 2022

Listed Stock
Exchanges

Prime Market, Tokyo Stock Exchange
Premier Market, Nagoya StockExchange

Compliance Committee

Sustainability Committee
Integration Promotion Committee

Audit Dept.

Integration
Promotion
Dept.

CorporatePlanning
Dept.

ComplianceBusiness
Personnel
Business& Risk
System& General
Management
Management
Management
Affairs Dept.
Dept.
Dept.
Dept.

The Aichi Bank, Ltd. The Chukyo Bank, Limited3

4. Trade Name and Corporate Philosophy of the New Financial Group
Trade Name

Aichi Financial Group, Inc.
Ideas behind trade name: We value Aichi as our main sales base and by growing together, we wanted to reflect
our "goal to become the No. 1 regional financial group in the Aichi Prefecture."Corporate
Philosophy*"AICHI": Combines the first Japanese character of Aichi Bank (A), the first character ofthe second word of the phrase "chiiki ichiban" (I), a saying that reflects thegroup's aims to become the best in the region, and the first character ofChukyo Bank (CHI).
Purpose: Reason for existence and direction of development

Contribution to the prosperity of the local community
via financial services
Mission: Specific goals to be achieved

To become the No. 1 regional financial group in Aichi Prefecture
Values: Common values(1) To establish robust management and a solid business foundation(2) To become a financial group that is trusted by the local community(3) To provide financial services that are useful to all customers(4) To make employees happy via the implementation of ES and health management(5) To continuously grow and improve corporate value to remain an attractive
corporation

The corporate philosophy of this financial group is known as its management vision (Vision) and is comprised of threeelements: Purpose, Mission and Value. The Vision forms the guide for how all employees should aim to act and also guidetheir decision-making.

45. Management Strategy of the New Financial Group(1) Expansion of Sales BaseThis business integration will allow for expansion of the sales base due to increased market
share centered around Aichi Prefecture, which is the main market for both banks.
Bases Within Aichi Prefecture

Owari Region

Number of Bases of Both Banks

Nagoya City

Ama Region

Nishi-Mikawa Region
Higashi-Mikawa Region
Chita Region: Aichi Bank
: Chukyo Bank

Aichi Prefecture
Within Nagoya
CityOwari Region
Ama Region
Chita Region
Nishi-MikawaRegion
HigashiMikawa Region
Mie Prefecture
Gifu Prefecture
ShizuokaPrefectureOsaka PrefectureTokyo
Metropolitan Area
TotalAichiBank87

ChukyoBank554430742147134434811831131423305311211211295

61156

Total

142

*Number of bases for both banks current as of March 2022
*Does not include branches in other stores or virtual
branches such as Internet-based branches

55. Management Strategy of the New Financial Group(2) Establishment of a Consulting and Solutions Business Model (1/2)
We will pool the relationships that both banks share with our customers, know-how, andnetworks to achieve further enhanced consulting functions.
For Customers Who Operate Businesses
Sophistication of Services•

Further advanced sales system that
demonstrates banking features at multiple
branches through block systems, areasystems, etc.

•Securing of the largest amount of head
office solutions personnel in the prefecture•

Implementation of speedy head officesales from advanced personnel withspecialist knowledge

Pooling of Know-how•

Acquisition and accumulation ofqualitative information via businessfeasibility evaluation•

Provision of a consulting and solutions
service based on all types of information

Specific Initiatives•

Provision of an advanced menu ofsolutions corresponding to the life stage ofbusinesses(1) New business foundation support:
Subsidy application support, linking
with business and academia, sales plan
formulation support(2) Growth support: Business matching,M&A, linking with business andacademia, human resource referrals

Communication
with customers(3) Business succession support: Businesssuccession support, M&A, management
improvement plan formulation support

Strongersales skills•

Utilization of networks of affiliatedcompanies (subsidiaries that specialize incards, leases, investment)•

Joint development of new products andservices (subordinated loans, SDGs, zerocarbon support, etc.)

65. Management Strategy of the New Financial Group(2) Establishment of a Consulting and Solutions Business Model (2/2)
We will use proposals that incorporate the know-how of both banks to further strengthen
consulting functions that can respond to increased convenience, low birth rates and aging
populations and changing life stages.
For Individual Customers
Sophistication of Services•

Proposal of advanced and specialistsolutions that accurately grasp customer
needs•Improved solution capabilities due tobetter human resource cultivation andactive support for qualification acquisition•

Implementation of even more efficientsales activities due to the application of IT

Pooling of Know-how•

Improvement of the home loan sales
system and promotion of consumer loans•

Implementation of support that grasps theneeds of the wealthy and owners ofcorporations

Specific Initiatives•(1) Young people: "Increase" and "Prepare"- Accumulation-type investment trusts,
private pension insurance(2) Asset-building: "Save" and "Protect" Investment trusts, asset utilization

Enhancement ofsales system
Stronger sales
skillsRoll out of consulting services
corresponding to life stage with a starting
point of home loans(3) Wealthy/senior: "Save," "Protect" and"Connect" - Inheritance measures, asset
inheritance support•

Dedicated sales for private banking, wealthmanagement•

Enhanced non-face-to-face channels(Internet banking, apps, etc.)75. Management Strategy of the New Financial Group(3) Cultivation of Diverse Human Resources
The early integration of the staff of both banks will create a new corporate culture and allowthem to respond to the sophisticated and diverse needs of customers.
Active Personnel Exchange••

Personnel are dispatched
into fields that the otherbank specializes in
Personnel exchange is
implemented to integrate
staff early on

Optimization of Staff
Deployment•••

Support for Employees
Challenging to Expand Work
Opportunities

Fair and impartial
treatment•

Deployment of the rightstaff for the right job

Training to specialize insolutions•

Short-term main branchtrainees•

Open call-style practicaltraining

Optimization of all systems

Cultivation of IT/DXProficient Human Resources••

Promotion of personnel
acquiring IT-related
qualifications and their onthe-job application
Cultivation of DX (digitaltransformation) humanresources including
external deployment

Diversification ofEmployment Methods•

Enhancement of midcareer recruitment•

Active appointment ofspecialist external humanresources• Reformation into a strong organization in which both banks and personnel continue to grow via the aim to become agroup of diverse professionals• Implementation of diversity and inclusion (fostering of trust between group companies and diverse human resources)• Establishment of a corporate culture where personnel are increasingly motivated to take on new challenges

85. Management Strategy of the New Financial Group(4) Optimization and Streamlining of Management
We will concentrate management resources in growth fields, including extra personnel producedby the streamlining of management through the business integration.
Optimization and Streamlining of Management and Business• Main branch organization /Subsidiary companies• Branches/Sales offices

Optimization
Streamlining and optimization ofbranch networks• Systems• Business procedures• Service expansion• Business in generalStandardization

Digitization

Integration of core systems andsubsystems

Expansion and enhancement of non-face-to-facechannels,
Centralization of sales office work at main branchand DX (digital transformation) of main branchfunctionsConcentration of extra personnel and other management resources into growth fields
Anticipated Synergy from the Business Integration(1) Expansion of sales base(4) Optimization and streamlining of management

Through these initiatives we hope to achievesynergy worth more than 5 billion yen in
FY2030 and more than 12 billion yen in total
across the Third Mid-term Management Plan(FY2028–FY2030)**Estimated synergy amounts are based on comparisons with FY2021 results

9(2) Establishment of a consulting and solutions-style business model(3) Cultivation of diverse human resources

6. Initiatives to Achieve a Sustainable Local Community
We will work to support regional economic development and problem-solving in the local
community and to achieve safe and fulfilling lives and a sustainable community for locals.
Future Initiatives from the New Financial Group

Response to Climate Change• Cutting CO2 emissions• Investment and financing initiatives for sustainability

Vitalization of Local Economies• Enhanced collaboration with external bodies such as local authorities and universities• Extensive business support based on corporate life stage

Contribution to the Local Community• Improvement of financial literacy and career development support for the young• Donations and aid for educational/cultural activities, environmental conservation,etc.
107. Q&A on Business Integration
Q1 What is a share transfer?
A share transfer means one or more stock companies causing all their issued shares to be acquired by a newly incorporated
company.
In the Business Integration, Chukyo Bank and Aichi Bank will jointly establish a holding company called Aichi FinancialGroup, Inc., and all of the shares held by both banks’ shareholders will transfer to Aichi Financial Group, Inc.

Q2 What will happen to the Chukyo Bank shares that I hold?
For each common share of Chukyo Bank, we will allocate and issue to Chukyo Bank’s shareholders one common share ofAichi Financial Group, Inc.
Through a business integration done by incorporating a holding company using the joint share transfer method, afterincorporation of the holding company, Chukyo Bank and Aichi Bank will become wholly-owned subsidiaries of the holdingcompany.
As a result, we plan for the shares of both banks to be respectively delisted from the Tokyo Stock Exchange and the Nagoya
Stock Exchange on September 29, 2022, and we plan to list the holding company to both exchanges on October 3, 2022.
On October 3, 2022, shares in the holding company will be allocated and issued automatically to current shareholders
according to the share transfer ratio. There is no particular procedure that we ask of shareholders if you will continue holding
shares in the holding company.
You may continue to trade shares of both banks on the Tokyo Stock Exchange and the Nagoya Stock Exchange until
September 28, 2022, the day before the day that both banks will be delisted from the Tokyo Stock Exchange and the Nagoya
Stock Exchange.
117. Q&A on Business Integration
Q3 What will happen to Chukyo Bank’s dividend for FY2022?
We plan to pay 141 yen per share as a special dividend to shareholders holding common shares and to registered pledgees ofshares who are entered or recorded in the shareholder register as of September 30, 2022, prior to the business integration.
As of the current time, the dividend to be paid by the holding company Aichi Financial Group, Inc. at the end of the FY2022
period is undetermined. We will make an announcement as soon as it is decided.

Q4 What will happen to the shareholder benefit program?
We are considering implementation of a shareholder benefit program for the holding company. We will make anannouncement including details in the future, as soon as it is decided after discussions between Chukyo Bank and Aichi
Bank.

Q5 What should I do if I have transactions, such as deposits or loans, with both banks?
You will be able to continue your transactions with Chukyo Bank and Aichi Bank same as before even after the transition
into a holding company structure by joint share transfer. We would like to ask for your continued support in our endeavors.
For transactions after the merger of both banks which is planned around two years after the incorporation of the holding
company, we would continue listening to our customers’ needs and provide better services even more than before bydeepening our relationships with customers.

12

Where to make inquiries(1) Please contact the securities company with which you do business to confirm the number of sharesthat you hold, and for various procedures such as a change of address, inheritance, and designatingwhere to transfer dividends.
(2) For other inquiries concerning shares, receipt of unclaimed dividends, and the like, please contact
the shareholders’ list administrator.
Shareholders' list administrator Mitsubishi UFJ Trust and Banking Corporation
Securities Agency Division
0120-232-711 (weekdays from 9:00 AM to 5:00 PM)

13

Memo14

These materials include statements on future performance. Such statements do not guarantee future
performance, and involve risks and uncertainties. Please be aware that depending on changes in the businessenvironment, etc., there is the possibility that future performance will differ in comparison to the objectives.

Chukyo Bank