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: 5852
June 3, 2022
To our shareholders:
Arata Takahashi, President, CEOAhresty Corporation[Head Office and Headquarters]
1-2 Nakabara, Mitsuya-cho, Toyohashi-shi, Aichi[Tokyo Head Office]2-46-1 Honcho, Nakano-ku, TokyoNOTICE OF THE 101st GENERAL MEETING OF SHAREHOLDERS
We are pleased to announce the 101st General Meeting of Shareholders of Ahresty Corporation (the “Company”),
which will be held as described below.
Although the Company plans to have measures in place at the venue to prevent the spread of the novel coronavirus
disease (COVID-19), you are requested to refrain from attending the meeting in person, if at all possible, prioritizing
your safety and security. Please note that instead of attending the meeting on the specified date, you can exercise
your voting rights in writing (by post) or online. Please cast your vote upon reviewing the “Reference Documents
for the General Meeting of Shareholders,” provided towards the end of this document.
1. Date and Time: Tuesday, June 28, 2022 at 10:00 a.m. (Japan Standard Time)
2. Venue:
Harmony Square, 3rd floor, Harmony Hall
1-32-2 Honcho, Nakano-ku, Tokyo
3. Purpose of the Meeting
Matters to be reported:
1. Business Report and Consolidated Financial Statements for the 101st fiscal year (from April 1, 2021 toMarch 31, 2022) and Reports of Audit on the Consolidated Financial Statements by the Accounting Auditor
and the Audit and Supervisory Committee
2. Non-Consolidated Financial Statements for the 101st fiscal year (from April 1, 2021 to March 31, 2022)
Matters to be resolved:
Proposal No. 1
Partial Amendments to the Articles of Incorporation
Proposal No. 2
Election of Four (4) Directors (excluding Directors Serving as the Audit and Supervisory
Committee Members)
Proposal No. 3
Selection of Accounting Auditor- We will receive questions and opinions on the Company’s website (https://www.ahresty.co.jp/en/contact/ir_contact/). We plan to post
responses to the questions and opinions we received through June 24 on the Company’s website at a later date for matters of highinterest to you. We ask for your understanding in the event that we are unable to respond to all of your questions and opinions. We
appreciate your questions and opinions we received as reference for our future operations.
- A video of a portion of the shareholders’ meeting on the day will be posted on the Company’s website at a later date.
- All the attendees are kindly requested to submit the enclosed voting form to our reception desk at the venue on the day of meeting.
- Of the documents that need to be submitted for the shareholders’ meeting, the Company has posted the following items from theattached documents on its website, in compliance with laws and regulations and Article 14 of Articles of Incorporation. The said
items are not provided with this notice.
(i) Business Report: “Status of Stock Acquisition Rights, etc.,” “Status of Accounting Auditor,” “System to Ensure Appropriatenessof Operations and Overview of Operation of the System,” (ii) Consolidated Financial Statements: “Consolidated Statements ofChanges in Net Assets,” “Notes to the Consolidated Financial Statements,” (iii) Non-Consolidated Financial Statements: “Statementsof Changes in Net Assets” and “Notes to the Non-Consolidated Financial Statements.”
The documents attached to this meeting notification are part of the Business Report, Consolidated Financial Statements and NonConsolidated Financial Statements audited by the accounting auditor and the Audit and Supervisory Committee when creating anaudit report.

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- If there are any changes to the Reference Documents for the General Meeting of Shareholders, the Business Report, the Consolidated
Financial Statements, or the Non-Consolidated Financial Statements, they will be posted on the Company’s website.
Official Website (https://www.ahresty.co.jp)-2-Reference Documents for the General Meeting of Shareholders
Proposal No. 1

Partial Amendments to the Articles of Incorporation

1. Reason for the proposal
The Company proposes to make the following changes to its Articles of Incorporation for the introduction of thesystem to provide informational materials for the general meeting of shareholders in electronic format inaccordance with the revised provisions provided for in the proviso to Article 1 of the Supplementary Provisionsof the Act for Partial Amendment of the Companies Act (Act No. 70 of 2019) to be enforced on September 1,2022.
(1) Since the Company will be required to state in its Articles of Incorporation that information contained in
the Reference Documents for the General Meeting of Shareholders will be provided in electronic format,
it intends to newly establish proposed Article 14 (Measures to Provide Information in Electronic Format,etc.) Paragraph (1).
(2) The Company intends to newly establish proposed Article 14 (Measures to Provide Information inElectronic Format, etc.) Paragraph (2) so that among the items to be provided in electronic format
pertaining to the Reference Documents for the General Meeting of Shareholders, the items to be containedin the documents to shareholders who requested for delivery of paper-based documents can be limited tothe scope stated in the Ministry of Justice Order.
(3) Current Article 14 (Internet Disclosure and Deemed Provision of Reference Documents for the General
Meeting of Shareholders, etc.) of the Articles of Incorporation is to be deleted, since it will become
unnecessary once the system for electronic provision of informational materials for the general meeting ofshareholders is implemented.
(4) Accompanying the aforementioned establishment and deletion of provisions, supplementary provisions
regarding the effective date, etc. will be established. The supplementary provisions will be deleted after thescheduled date.
2. Details of the amendments
The details of the amendments are as follows.
Current Articles of Incorporation(Internet Disclosure and Deemed Provision of Reference
Documents for the General Meeting of Shareholders, etc.)
Article 14
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 Meetingof Shareholders, 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.

-3-(The underlined parts indicate the parts to be changed.)
Proposed amendments(Deletion)

Current Articles of Incorporation(New establishment)

Supplementary provision (Omitted)(New establishment)

Proposed amendments(Measures for Providing Information in Electronic Format, etc.)
Article 14(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.
in electronic format.
(2) Among items for which the measures for providing
information in electronic format will be taken, theCompany may exclude all or some of those items
designated by the Ministry of Justice Order fromstatements in the paper-based documents to be delivered
to shareholders who requested the delivery of paper-based
documents by the record date of voting rights.
Supplementary provisions (Unchanged)
Supplementary provisions 2(Transitional measures for providing informational materials forthe general meeting of shareholders in electronic format)(1) The deletion of Article 14 (Internet Disclosure andDeemed Provision of Reference Documents for theGeneral Meeting of Shareholders, etc.) and new
establishment of Article 14 (Measures to Provide
Information in Electronic Format, etc.) are to take effectfrom September 1, 2022.
(2) Notwithstanding the provision of the preceding paragraph,Article 14 (Internet Disclosure and Deemed Provision ofReference Documents for the General Meeting ofShareholders, etc.) shall remain effective regarding any
general meeting of shareholders held on a date within sixmonths from September 1, 2022.
(3) These Supplementary Provisions shall be deleted on thedate when six months have elapsed from September 1,2022 or three months have elapsed from the date of thegeneral meeting of shareholders in the preceding
paragraph, whichever is later.

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Proposal No. 2

Election of Four (4) Directors (excluding Directors Serving as the Audit and Supervisory
Committee Members)

The term of office of all five (5) Directors (excluding Directors Serving as the Audit and Supervisory CommitteeMembers) will expire at the conclusion of this General Meeting of Shareholders. Accordingly, we request the electionof four (4) Directors (excluding Directors serving as the Audit and Supervisory Committee Members). In addition,the candidates for election as Directors (excluding Directors serving as the Audit and Supervisory CommitteeMembers) are determined on the basis of the report of the Nomination and Compensation Committee, in which themajority of members are composed of outside Directors with a chairperson served by an outside Director. The Auditand Supervisory Committee judges all candidates to be appropriate in consideration of familiarity with theCompany’s business, the high level of expertise and extensive experience each possess, and capability to contributeto the improvement of the corporate value of the Company in the medium to long term.
The candidates for election as Directors (excluding Directors serving as the Audit and Supervisory CommitteeMembers) are as follows:
Candidate
No.

Name

1

Arata Takahashi

2Junji Ito3

Shinichi Takahashi

4Naoyuki Kaneta

Current position/areas of responsibility in the Company
President, CEO
Nomination and Compensation Committee Member
Representative Director, Senior Managing Executive Officer,
Chief of Manufacturing Command
Representative Director, Senior Managing Executive Officer,
General Administrative CommandDirector, Senior Managing Executive Officer, Chief of Sales
Command-5-Reelection
Reelection
Reelection
Reelection

Candidate
No.

Name(Date of birth)

Career summary, positions and areas of responsibility(significant concurrent positions outside the Company)
Apr. 1979
Oct. 1986

Arata Takahashi(November 2, 1955)
12

Reelection

June 1987
May 1994
June 1995
June 1997
Oct. 1997

Joined Ahresty Corporation
Director, Fuso Light Alloys of America
Corporation (current Ahresty Wilmington
Corporation)
Director, Ahresty Corporation
Chairman, Ahresty Wilmington Corporation
Senior Executive Director, Ahresty Corporation
Vice President, Ahresty Corporation
President, Ahresty Corporation (currentposition)
Director, Kyoto Die Casting Co., Ltd.
Executive Officer, Ahresty Corporation
Senior Executive Officer, Ahresty Corporation
CEO, Ahresty Corporation (current position)

Number of theCompany’s shares
held1,041,226

June 2001
July 2001
June 2003
June 2005(Reason for nomination as candidate for Director)
Mr. Arata Takahashi has long-standing achievements in leading the entire Group as Group’s management and abundant
knowledge in the overall business. In consideration of the above, it was judged that he is appropriate for Director.
Apr. 1978
Joined Ahresty Corporation
Apr. 2010
General Manager, Toyohashi Plant, Ahresty
CorporationOct. 2013
Executive Officer, Ahresty Corporation
General Manager, Advance Production
Engineering Dept., Ahresty CorporationJunji Ito
June 2016
Managing Executive Officer, Ahresty(June 3, 1955)
63,756
Corporation
June 2017
Chief, Manufacturing Command, Ahresty
Reelection
Corporation (current position)
Director, Ahresty Corporation
June 2019
Senior Managing Executive Officer, Ahresty
Corporation (current position)
Representative Director, Ahresty Corporation(current position)(Reason for nomination as candidate for Director)
Mr. Junji Ito has proven achievements in controlling the manufacturing division of the Group as Chief ofManufacturing Command of the Company as well as past experience and knowledge as General Manager of a plant andExecutive Officer. In consideration of the above, it was judged that he is appropriate for Director.

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No.

Name
(Date of birth)

Career summary, positions and areas of responsibility(significant concurrent positions outside the Company)
Apr. 2005
Apr. 2009
Jan. 2011
Apr. 2014

Shinichi Takahashi(October 21, 1980)

June 2016
June 2017

Reelection
3
June 2019

Joined Hitachi, Ltd.
Joined Ahresty Corporation
Director, Ahresty Wilmington Corporation
General Manager, IT System Dept., Ahresty
Corporation
Executive Officer, Ahresty Corporation
Managing Executive Officer, Ahresty
Corporation
Chief, General Administrative Command,Ahresty Corporation
Director, Ahresty Corporation
Senior Managing Executive Officer, Ahresty
Corporation (current position)
Representative Director, Ahresty Corporation(current position)

Number of theCompany’s shares
held62,678(Reason for nomination as candidate for Director)
Mr. Shinichi Takahashi has proven achievements in controlling the general administrative division of the Group as
Chief of General Administrative Command of the Company as well as past experience in management and knowledge
as Director of an overseas subsidiary and Executive Officer. In consideration of the above, it was judged that he isappropriate for Director.
Apr. 1983
Joined Ahresty Corporation
June 2006
General Manager, Western Japan Die Casting
Sales Dept., Ahresty Corporation
Mar. 2007
Executive Officer, Ahresty Corporation
Deputy Chief, Sales Command; GeneralManager, Die Casting Sales Dept., AhrestyNaoyuki Kaneta
Corporation(April 26, 1964)
70,856
May 2008
Chief, Sales Command, Ahresty Corporation
Reelection(current position)
4
Apr. 2011
Managing Executive Officer, Ahresty
Corporation
June 2015
Director, Ahresty Corporation (current position)
June 2019
Senior Managing Executive Officer, Ahresty
Corporation (current position)(Reason for nomination as candidate for Director)
Mr. Naoyuki Kaneta has proven achievements in controlling the sales division of the Group as Chief of Sales Commandof the Company as well as abundant experience in sales in the past. In consideration of the above, it was judged that heis appropriate for Director.
(Notes) 1. There are no conflicts of interest between each candidate and the Company.
2. If the election of Arata Takahashi is approved, the Company plans to continue to select him as a Nomination andCompensation Committee Member.
3. The Company has concluded a directors and officers liability insurance policy with all Directors as insured persons. In theevent this proposal is approved as proposed and each candidate assumes the position of Director, each candidate shallbecome an insured person under the insurance policy. The insurance policy covers damages that may arise from theinsured’s assumption of liability incurred in the course of the performance of duties as an officer or a person at a certain
position, or upon receipt of claims pertaining to the pursuit of such liability. However, there are certain exemptions,including the case where damage caused by an act that is committed in recognition of a violation of laws and regulations
may not be compensated. The entire premium is borne by the Company. The policy is scheduled for renewal with the samecontents at the next renewal.

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Expertise and experience of Directors (skill matrix)
The expertise and experience of the Directors (including Audit and Supervisory Committee members) once Proposal
No. 2 is approved are as follows.
Expertise and experience
Name

Position/Areas of expertise

Manufacturing

Sales/
Marketing

Finance/
Accounting/
Capital policy

Legal/Riskmanagement

Overseasbusiness

Representative Director, President
CEO○○○○○
Arata Takahashi
Nomination and Compensation
Committee Member
Representative Director
Senior Managing Executive○Junji Ito
Officer, Chief of Manufacturing
CommandRepresentative Director
Senior Managing Executive○○○
Shinichi Takahashi
Officer, Chief of General
Administrative CommandDirector○Naoyuki Kaneta
Senior Managing Executive
Officer, Chief of Sales Command
Director, Audit and Supervisory
Committee Member (full-time)/○○○○
Kazuyuki Sakai
Nomination and Compensation
Committee Member
Director, Audit and Supervisory
Committee Member○○○○
Business manager/
Akihiko Shido
Nomination and Compensation
Committee Member
Director, Audit and Supervisory
Committee Member○Economist/
Shuhei Shiozawa
Chairperson, Nomination andCompensation Committee
Director, Audit and Supervisory
Committee Member○Lawyer/
Akiyoshi Mori
Nomination and Compensation
Committee Member
Director, Audit and Supervisory
Committee Member○○○
Business manager/
Shuichi Asakuno
Nomination and Compensation
Committee Member(Note) The criteria used for “Manufacturing” are unique technology related to manufacturing (die casting technology, machiningtechnology, etc.), quality control and other management technology, considerable knowledge regarding production facilities,
experience managing production plants and other factors.

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Election of Accounting AuditorSince the term of service of the Company’s current Accounting Auditor, Deloitte Touche Tohmatsu LLC, will expire
at the conclusion of this General Meeting of Shareholders, pursuant to a decision by the Audit and Supervisory
Committee the Company requests approval of the selection of Grant Thornton Taiyo LLC as the new Accounting
Auditor.
The Audit and Supervisory Committee nominated Grant Thornton Taiyo LLC as candidate for Accounting Auditor
because, in addition to the expectation that it would audit the Company’s accounts from a new perspective following
the current Accounting Auditor continuing audits over many years, it has been judged to be appropriate as theCompany’s Accounting Auditor based on comprehensive consideration of matters such as its expertise, independence,size, quality-control structures, and audit remuneration level.
The candidate for Accounting Auditor is as follows.
(as of March 31, 2022)
Grant Thornton Taiyo LLCHead office
Akasaka K-tower 22F, 1-2-7 Motoakasaka, Minato-ku, Tokyo
Office locations
Other offices
Osaka office and 11 other locations
Overseas partner
Grant Thornton International LtdSep. 1971
Taiyo Audit Corporation establishedOct. 1994
Joined the Grant Thornton International group
Jan. 2006
Taiyo Audit Corporation and ASG Audit Corporation merged to form Taiyo ASG
Audit Corporation
July 2008
Became Taiyo ASG LLC with a shift to a limited-liability corporation structure
History
July 2012
Merged with Eisho Audit Corporation
Oct. 2013
Merged with Kasumigaseki Audit Corporation
Oct. 2014
Corporate name changed to Grant Thornton Taiyo LLC
July 2018
Merged with Yusei Audit & Co.
Capital
508 million yen
Organization
Representative partners / partners: 88
Specified partners: 4CPAs: 304
Overview
Employees who have passed the CPA exam, etc.: 246
Others: 494
Total: 1,136
Audit clients
1,035 companies(Note) If Grant Thornton Taiyo LLC is elected, the Company plans to enter into an agreement with this auditing firm pursuant to theprovisions of Article 427, paragraph 1 of the Companies Act to limit their liability for damages under Article 423, paragraph
1 of the same Act. The maximum amount of liability for damages under this agreement is the minimum liability amountprovided for under Article 425, paragraph 1 of the Companies Act.
Name-9-