Notice of the Results of the Exercise of Voting Rights
at the 98th Ordinary General Meeting of Shareholders

June 30, 2022
Oki Electric Industry Co., Ltd.
This is to inform you that the results of the exercise of voting rights at the 98 t h Ordinary General Meeting ofShareholders of Oki Electric Industry Co., Ltd. held on June 29, 2022 are as follows.
1. Date of the General Meeting of Shareholders: June 29, 2022
2. Resolved Items:
Agenda 1: Appropriation of Surplus
To pay a dividend of ¥30 per common stock
Agenda 2: Amendment to the Articles of Incorporation
Since the revised provisions provided for in the proviso to Article 1 of the Supplementary Provisions of theAct Partially Amending the Companies Act (Act No. 70 of 2019) are to be enforced on September 1, 2022,
the Company 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 15, paragraph 1 in “Proposed amendments” below will stipulate that the Company shall take measuresfor providing information that constitutes the content of reference documents for the general meeting ofshareholders, etc. in electronic format.
② Article 15, paragraph 2 in “Proposed amendments” below will establish the provision to limit the scope of theitems to be stated in the paper-based documents to be delivered to shareholders who requested the delivery ofpaper-based documents.
③ Since the provisions for Internet Disclosure and Deemed Provision of Reference Documents for the General
Meeting of Shareholders, Etc. (Article 15 of the current Articles of Incorporation) will no longer be required,
they will be deleted.
④ Accompanying the aforementioned establishment and deletion of provisions, supplementary provisions
regarding the effective date(September 1, 2022), etc. will be established.
Agenda 3: Election of Nine (9) Directors
To elect Messrs. Shinya Kamagami, Takahiro Mori, Masayuki Hoshi, Masashi Fuse, Masatoshi
Saito, Shigeru Asaba, Tamotsu Saito, Makoto Kigawa and Ms. Izumi Kawashima as Directors
3. Results of the Exercise of Voting Rights

AgendaNumber ofaffirmative
votes

Number ofnegative
votes

Number ofabstentions

Results

Ratio ofaffirmative
votes (%)

Agenda 1:638,751

4,0880Approved99.15%

Agenda 2:

638,433

4,4150Approved

99.10%

Shinya Kamagami

554,175

88,6740

Approved

86.02%

Takahiro Mori

549,123

93,7250Approved

85.23%

Masayuki Hoshi

628,332

14,5190Approved

97.53%

Masashi Fuse

634,070

8,781

0Approved

98.42%

Masatoshi Saito

634,2408,611

0Approved

98.45%

Shigeru Asaba

634,3358,516

0Approved

98.46%

Tamotsu Saito

630,227

12,6230

Approved

97.82%

Izumi Kawashima

634,294

8,557

0Approved

98.46%

Makoto Kigawa

628,535

14,3150

Approved

97.56%Agenda 3:

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(Notes)
1. Requirement for approval of Agenda 1 is as follows:
A majority of affirmative votes of shareholders present at the General Meeting of Shareholders(the “Meeting”).
2. Requirement for approval of Agenda 2 is as follows:
Two-thirds of affirmative votes of shareholders present at the Meeting, at which shareholders having not lessthan one-third of the total number of voting rights of shareholders entitled to exercise their voting rights are present.
3. Requirement for approval of Agenda 3 is as follows:
A majority of affirmative votes of shareholders present at the Meeting, at which shareholders having notless than one-third of the total number of voting rights of shareholders entitled to exercise their voting rights arepresent.
4. Ratio of affirmative votes for each agenda was calculated as follows:
Proportion of (I) the aggregate number of (i) affirmative voting rights exercised prior to the day of the Meeting and(ii) voting rights of the shareholders who were present at the Meeting and whose voting results were confirmed
affirmative, to (II) the number of voting rights of shareholders who were present at the Meeting (those exercised
prior to the day of the Meeting and those of the shareholders who were present at the Meeting and whose voting
results were confirmed affirmative).

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