This document has been translated from 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.
[Cover page]
Document filed:

Extraordinary Report

Filing to:

Director-General of the Kanto Local Finance Bureau

Filing date:June 29, 2023

Company name in Japanese:

沖電気工業株式会社 (Okidenkikogyo Kabushiki Kaisha)Company name in English:

Oki Electric Industry Co., Ltd.

Title and name of representative:

Takahiro Mori, President, Representative Director

Location of the registered head office:1-7-12 Toranomon, Minato-ku, Tokyo

Telephone number:+81-3-3501-3111 (Main telephone number)

Name of contact person:

Atushi Yamauchi, General Manager, Board of Directors Office

Nearest place of contact:

1-7-12 Toranomon, Minato-ku, Tokyo

Telephone number:+81-3-3501-3111 (Main telephone number)

Name of contact person:

Atushi Yamauchi, General Manager, Board of Directors OfficePlace for public inspection:

Tokyo Stock Exchange, Inc.
(2-1 Nihombashi Kabutocho, Chuo-ku, Tokyo)

1. Reason for filingAs the following matters were resolved at the 99th Ordinary General Meeting of Shareholders of Oki ElectricIndustry Co., Ltd. (the “Company”) held on June 27, 2023, the Company hereby files this Extraordinary Reportpursuant to the provisions of Article 24-5, paragraph (4) of the Financial Instruments and Exchange Act and Article
19, paragraph (2), item (ix)-2 of the Cabinet Office Order on Disclosure of Corporate Affairs.
2. Content of report(1) Date of the General Meeting of Shareholders
June 27, 2023
(2) Detail of the matters resolved
Agenda Item 1

Appropriation of Surplus
The proposal was approved and adopted as proposed. It was decided to pay a yearend dividends as follows.
Common stock of the Company¥20 per share
Total dividends¥1,732,375,980

Agenda Item 2Election of Eight (8) Directors
Messrs. Shinya Kamagami, Takahiro Mori, Masayuki Hoshi, Teiji Teramoto,Shigeru Asaba, Tamotsu Saito, Makoto Kigawa and Ms. Izumi Kawashima wereelected as Director.

Agenda Item 3

Election of One (1) Audit & Supervisory Board Member
Mr. Masashi Fuse was elected as Audit & Supervisory Board Member.

Agenda Item 4

Determination of Compensation for the Performance-linked Stock Compensation
Plan for Directors
The existing compensation-type stock options (stock acquisition rights) wereabolished as medium- to long-term incentive compensation to Directors (excludinginternal Directors not serving concurrently as Executive Officers and OutsideDirectors) and a performance-linked stock compensation plan was newly introduced.
Under this plan, monetary compensation claims will be granted as a means of
exchange for the delivery of the shares of the Company. The three-year period
corresponding to the Medium-Term Business Plan is the period subject toperformance evaluation, and the evaluation and delivery of the Company’s shares
will be made every three years. The total number of shares of the Company to bedelivered shall be determined for each performance evaluation period at a number
not exceeding 362,100 shares.

-1-(3) Number of voting rights exercised as intention of affirmative, negative or abstention on the matters
resolved; requirement for approval thereof; and resolution results thereof
Number ofaffirmative
votes
605,022

Number ofnegative
votes
5,503

Requirementfor Approval

Resolution Resultand Ratio ofaffirmative votes0(Note 1)

Approved (98.82%)

Shinya Kamagami

344,100

266,4469(Note 2)

Approved (56.20%)

Takahiro Mori

489,486

121,0619(Note 2)

Approved (79.95%)

Masayuki Hoshi

459,340

151,2099(Note 2)

Approved (75.02%)

Teiji Teramoto

591,689

18,8619(Note 2)

Approved (96.64%)

Shigeru Asaba482,668

127,8829(Note 2)

Approved (78.83%)

Tamotsu Saito

482,703

127,8479(Note 2)

Approved (78.84%)

Izumi Kawashima

482,811

127,7399(Note 2)

Approved (78.85%)

Makoto Kigawa

481,812

128,738

9(Note 2)

Approved (78.69%)

Masashi Fuse

601,881

8,6820(Note 2)

Approved (98.30%)

Agenda Item 4573,577

36,9930(Note 1)

Approved (93.68%)

Matters Resolved
Agenda Item 1

Number ofabstentions

Agenda Item 2

Agenda Item 3(Notes) 1. The requirement for approval is a majority of affirmative votes of shareholders present at the General
Meeting of Shareholders (the “Meeting”).
2. The requirement for approval is a majority of the affirmative votes of shareholders present at theMeeting, where the shareholders holding one-third or more of the voting rights of shareholders who areentitled to exercise their voting rights are present.
(4) Reason why a portion of the voting rights of shareholders present at the meeting was not included in thenumber of exercised voting rights
The sum of the number of voting rights exercised by the date immediately before the date of the Meetingand the number of voting rights of a part of the shareholders present at the Meeting in person whose
intention of affirmative or negative for each proposal was confirmed satisfied the requirement for approvalof each proposal, and the resolutions have been approved pursuant to the Companies Act. Therefore, thenumber of voting rights of the shareholders present at the Meeting in person whose intention of affirmative,
negative or abstention was not confirmed has not been included in the calculation.

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