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: 9536)
June 4, 2024

To Our Shareholders:

Takuji KATO
Representative Director and President
SAIBU GAS HOLDINGS CO., LTD.
1-17-1, Chiyo, Hakata-ku, Fukuoka-shi

Notice of 131st Annual General Meeting of Shareholders
We are pleased to announce the 131st Annual General Meeting of Shareholders of SAIBU GAS HOLDINGS CO.,LTD. (the “Company”) will be held as indicated below.
When convening the General Meeting of Shareholders, the Company takes measures for providing information that
constitutes the content of Reference Documents for the General Meeting of Shareholders, etc. (matters for whichmeasures for providing information in electronic format are to be taken) in electronic format, and posts thisinformation on the Company’s website. Please access the Company’s website by using the internet address shown
below to review the information.
The Company’s website:
https://hd.saibugas.co.jp/ir/stock/meeting/ (in Japanese)*In addition to the Company’s website, you can also access the information from the following websites.
Website for posted informational materials for the General Meeting of Shareholders:
https://d.sokai.jp/9536/teiji/ (in Japanese)
Tokyo Stock Exchange (TSE) website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)

To access this information from the latter website, access the TSE website by using the internet address shown above,
enter the issue name (company name) or securities code, and click “Search,” and then click “Basic information” andselect “Documents for public inspection/PR information.”

Instead of attending the meeting in person, you may exercise your voting rights by electromagnetic method (via theinternet, etc.) or in writing. Please review the Reference Documents for the General Meeting of Shareholders andexercise your voting rights no later than 6:00 p.m. on Tuesday, June 25, 2024 (JST).

-1-1. Date and time:
2. Venue:

Wednesday, June 26, 2024 at 10:00 a.m. (JST)Gas Hall, 2nd floor, Papillon24
1-17-1, Chiyo, Hakata-ku, Fukuoka-shi
3. Purpose of the Meeting:
Matters to be reported
1. The Business Report, the Consolidated Financial Statements for the 131st fiscal year (from April 1, 2023
to March 31, 2024), and the results of audits of the Consolidated Financial Statements by the Financial
Auditor and the Audit and Supervisory Committee
2. The Non-consolidated Financial Statements for the 131st fiscal year (from April 1, 2023 to March 31, 2024)
Matters to be resolved
Proposal No. 1:
Dividends of Surplus
Proposal No. 2:
Election of Six (6) Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)
Proposal No. 3:
Election of Six (6) Directors Who Are Audit and Supervisory Committee Members
4. Handling of Exercise of Voting Rights(1) If you exercise your voting rights in duplicate both by electromagnetic method (via the internet, etc.) andin writing, the Company will only deem your exercise by electromagnetic method (via the internet, etc.) to
be valid.
(2) If you exercise your voting rights multiple times by electromagnetic method (via the internet, etc.), theCompany will only deem your final exercise to be valid.
(3) If you do not indicate your approval or disapproval for each proposal when returning the completed voting
form, the Company will deem this to be an indication of your approval of the proposals.
Among the matters subject to measures for electronic provision, in accordance with the provisions of laws and regulations andArticle 16 pf the Company’s Articles of Incorporation, the following matters are not provided from the paper-based documents
delivered to shareholders who have made a request for delivery of such documents. Accordingly, documents to be delivered toshareholders who request delivery of paper-based documents are part of the Consolidated Financial Statements and the Nonconsolidated Financial Statements that were audited by the Financial Auditor in preparing the accounting audit report, as well as
a part of the Business Report, the Consolidated Financial Statements and the Non-consolidated Financial Statements audited by
the Audit and Supervisory Committee in preparing the audit report.
(i) “System to Ensure the Properness of Operations” and “Overview of Operational Status of System to Ensure the Properness
of Operations” of the Business Report(ii) “Consolidated Statement of Changes in Equity” and “Notes to the Consolidated Financial Statements” in the Consolidated
Financial Statements(iii) “Non-consolidated Statement of Changes in Equity” and “Notes to the Non-consolidated Financial Statements” in the Nonconsolidated Financial Statements

If there are any amendments to Reference Documents for the Annual General Meeting of Shareholders, Business Report,
Consolidated Financial Statements and/or Non-consolidated Financial Statements, a notice of the amendments and the details of
the matters before and after the amendments will be announced on the Company’s website (in Japanese only), the website forposted informational materials for the General Meeting of Shareholders, and the TSE website.

-2-

Information About Exercising Your Voting Rights:
1. Exercise of voting rights by attending the General Meeting of Shareholders
If you are attending the meeting in person, you are kindly requested to exercise your voting rights by submitting theenclosed voting form to the reception desk at the meeting.
Date and time: Wednesday, June 26, 2024 at 10:00 a.m. (JST)
2. Exercise of voting rights by not attending the General Meeting of Shareholders(1) Exercise of voting rights by electromagnetic method (via the internet, etc.)
1) Website for exercise of voting rights (https://www.web54.net) (in Japanese only)
Access the voting website designated by the Company, enter the “voting rights exercise code” and “password,”which are provided on the enclosed voting form, and follow the instructions on the screen to vote on the proposals
by the deadline below.
2) Smart Vote
You may also access the voting website by using a smartphone equipped with a QR Code reader to read the QR
Code on the enclosed voting form. (* “QR Code” is a registered trademark of DENSO WAVE INCORPORATED.)
Deadline for exercise of voting rights:

No later than 6:00 p.m. on Tuesday, June 25, 2024 (JST)(2) Exercise of voting rights in writing
You are kindly requested to indicate your vote of approval or disapproval of each proposal on the enclosed voting
form, and to return the completed voting form to the Company by the deadline for exercise of voting rights below.
Deadline for exercise of voting rights:

Form must arrive no later than 6:00 p.m. on Tuesday, June 25, 2024 (JST)-3-

Reference Documents for the General Meeting of Shareholders
Proposals and Reference Information
Proposal No. 1:

Dividends of Surplus

Taking into account the business performance for the fiscal year, business environment, and other circumstances, theCompany proposes to pay year-end dividends for the fiscal year as follows:
Accordingly, including the interim dividend, the dividend for the fiscal year will total ¥70 per share.
1. Allotment of dividend property to shareholders and their aggregate amount¥35 per common share of the Company
Total payment: ¥1,298,581,410
2. Effective date of dividends of surplus
June 27, 2024

-4-

Proposal No. 2:

Election of Six (6) Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)

The terms of office of all six (6) currently serving Directors (excluding Directors who are Audit andSupervisory Committee Members) will expire at the conclusion of this Annual General Meeting of
Shareholders. Therefore, the Company proposes the election of six (6) Directors (excluding Directors who are
Audit and Supervisory Committee Members).
The nomination of candidate Directors (excluding Directors who are Audit and Supervisory Committee
Members) is determined by the Board of Directors following a review by an advisory committee, composedof a majority of outside Directors, which addresses matters such as nomination and remuneration.
The Audit and Supervisory Committee has also advised that all candidates are suitable for their respective
positions.
Candidate Directors (excluding Directors who are Audit and Supervisory Committee Members) are as
follows:
Candidate
No.

Name

1

Yukinori MICHINAGA

2

Takuji KATO

3

Akifumi YAMASHITA

Current position and responsibilities in the Company
Representative Director and Chairman
Representative Director and President, President andExecutive Officer
Representative Director, Vice President and Executive Officer
President’s Assistant

Other notes
Reelection
Reelection
Reelection

Director and Associate Senior Executive Officer
4

Yoshinari NUMANO

5

Yasuhiro TOYODA

6

Shogo MORITAIn charge of Business Development Department, General
Affairs and Public Relations Department, and Corporate
Governance Department
Director and Associate Senior Executive Officer
In charge of Human Resources Strategy Department andDigital Strategy Department
Associate Senior Executive Officer
In charge of Corporate Strategy Department and Financial
Strategy Department-5-

Reelection

Reelection
Newelection

Candidate
No.

Name
(Date of birth)
Yukinori
MICHINAGA(November 1, 1957)

Career summary and position
Apr. 1981
Apr. 2014
Apr. 2015

Reelection
Number of years in
office as a Director
8 years

1

Attendance at Boardof Directors
meetings
11/12 (91%)

Apr. 2016
June 2016
Apr. 2019
Apr. 2024

Joined the Company (formerly Saibu Gas Co., Ltd.)
Executive Officer, Senior General Manager ofInformation Communications Department
Associate Senior Executive Officer, Senior General
Manager of General Affairs and Public Relations
Department
Associate Senior Executive Officer
Director and Associate Senior Executive Officer
Representative Director and President, President andExecutive Officer
Representative Director and Chairman (current position)

Number of theCompany’s
shares owned

15,636[Significant concurrent positions outside the Company]
Representative Director and Chairman of Saibu Gas Co., Ltd.
Director of KROSAKI HARIMA CORPORATION
Director and Audit and Supervisory Committee Member of Kyudenko Corporation[Reasons for nomination as candidate for Director]
Since his appointment as Director in June 2016, Mr. Michinaga has adequately fulfilled his roles and responsibilities
concerning decision making in relation to important matters pertaining to the management and supervising theexecution of business, and has served as Representative Director and President, President and Executive Officer for
the five-year period from April 2019 to March 2024, and as Chairman of the Board of Directors in the role ofRepresentative Director and Chairman since April 2024. The Company proposes his continued election as Director sothat the Company may benefit from his extensive experience and insight related to the Company’s business.

2

Takuji KATO
(December 6, 1962)

Apr. 1985
Apr. 2018

Reelection

Apr. 2020

Number of years in
office as a Director
3 years

Apr. 2021
June 2021
Apr. 2024

Attendance at Boardof Directors
meetings
12/12 (100%)

Joined the Company (formerly Saibu Gas Co., Ltd.)
Executive Officer, Deputy Head of Energy Sales andMarketing Division
Associate Senior Executive Officer, Senior General
Manager of Energy Sales and Planning Department
Associate Senior Executive Officer
Director and Associate Senior Executive Officer
Representative Director and President, President andExecutive Officer (current position)

4,700[Significant concurrent positions outside the Company]
Representative Director and President, President and Executive Officer of Saibu Gas Co., Ltd.
Corporate Auditor of RKB MAINICHI HOLDINGS CORPORATION[Reasons for nomination as candidate for Director]
Since his appointment as Director in June 2021, Mr. Kato has adequately fulfilled his roles and responsibilities
concerning decision making in relation to important matters pertaining to the management and supervising theexecution of business, and has served as chief operating officer in the role of Representative Director and President,
President and Executive Officer since April 2024. The Company proposes his continued election as Director so that
the Company may benefit from his extensive experience and insight related to the Company’s business.

-6-Candidate
No.

Name
(Date of birth)AkifumiYAMASHITA(October 7, 1960)
Reelection
Number of years in
office as a Director
3 years3

Career summary and position
Apr. 1984
Apr. 2018
Apr. 2020
Apr. 2021
June 2021
Apr. 2022

Joined the Company (formerly Saibu Gas Co., Ltd.)
Executive Officer, Senior General Manager of Corporate
Planning Department
Associate Senior Executive Officer, Senior General
Manager of Related Businesses Department
Associate Senior Executive Officer
Director and Associate Senior Executive Officer
Representative Director, Vice President and Executive
Officer (current position)

Number of theCompany’s
shares owned

7,315

Attendance at Boardof Directors
meetings
12/12 (100%)[Responsibility]
President’s Assistant[Significant concurrent positions outside the Company]
Representative Director, Vice President and Executive Officer of Saibu Gas Co., Ltd.
Director of GREENLAND RESORT COMPANY LIMITED[Reasons for nomination as candidate for Director]
Since joining the Company in 1984, Mr. Yamashita has been primarily involved in management planning and salesrelated operations. Since April 2022, he has served as assistant to the President as Representative Director, Vice
President and Executive Officer. The Company proposes his continued election as Director so that the Company may
benefit from his extensive experience and insight related to the Company’s business.

-7-

Candidate
No.

Name
(Date of birth)
Yoshinari
NUMANO(July 1, 1962)

Apr. 1986
Apr. 2019

Reelection

Mar. 2021
Apr. 2021

Number of years in
office as a Director
1 year4

Career summary and position

Apr. 2023
June 2023

Joined the Company (formerly Saibu Gas Co., Ltd.)
Executive Officer, Senior General Manager of General
Affairs and Public Relations Department
Retired as Executive Officer
Representative Director and President of Saibu Gas
Nagasaki Co., Ltd.
Retired as Representative Director and President
Associate Senior Executive Officer of the Company
Director and Associate Senior Executive Officer (current
position)

Number of theCompany’s
shares owned

4,534

Attendance at Boardof Directors
meetings
9/10 (90%)[Responsibility]
In charge of Business Development Department, General Affairs and Public Relations Department, and Corporate
Governance Department[Significant concurrent positions outside the Company]
Corporate Auditor of MARUTAI Co., Ltd.
[Reasons for nomination as candidate for Director]
Since joining the Company in 1986, Mr. Numano has been primarily involved in general affairs and public relations.
Until March 2023, he served as Representative Director and President of Saibu Gas Nagasaki Co., Ltd. He currently
serves as Director and Associate Senior Executive Officer in charge of the new business development department, thegeneral affairs department, and the legal department. The Company proposes his continued election as Director sothat the Company may benefit from his extensive experience and insight related to the Company’s business.

5

Yasuhiro TOYODA(October 20, 1963)

Apr. 1987
Apr. 2021

Reelection

Apr. 2022

Number of years in
office as a Director
1 yearApr. 2023
June 2023

Joined the Company (formerly Saibu Gas Co., Ltd.)
Executive Officer, Senior General Manager of Human
Resources Strategy Department
Associate Senior Executive Officer, Senior General
Manager of Human Resources Strategy Department
Associate Senior Executive Officer
Director and Associate Senior Executive Officer (current
position)

4,171

Attendance at Boardof Directors
meetings
10/10 (100%)[Responsibility]
In charge of Human Resources Strategy Department and Digital Strategy Department[Reasons for nomination as candidate for Director]
Since joining the Company in 1987, Mr. Toyoda has been primarily involved in technical planning operations andhuman resource operations. He currently serves as Director and Associate Senior Executive Officer in charge of thehuman resources department and information communications department. The Company proposes his continued
election as Director so that the Company may benefit from his extensive experience and insight related to theCompany’s business.

-8-Candidate
No.

Name
(Date of birth)

Career summary and position
Apr. 1988
Apr. 2016
Apr. 2018

Shogo MORITA(February 24, 1965)
New election
6

Apr. 2020
Apr. 2021
Apr. 2022
Mar. 2023
Apr. 2023
Apr. 2024

Joined the Company (formerly Saibu Gas Co., Ltd.)
General Manager of Energy Sales Department,
Kitakyushu Branch
Senior General Manager of Kitakyushu Residential
Energy Sales Department, Energy Sales and Marketing
Division
Associate Executive Officer, Senior General Manager ofCorporate Planning Department
Associate Executive Officer, Senior General Manager ofCorporate Planning Department of Saibu Gas Co., Ltd.
Executive Officer, Senior General Manager of Corporate
Planning Department
Retired as Executive Officer
Associate Senior Executive Officer, Senior General
Manager of Corporate Strategy Department of theCompany
Associate Senior Executive Officer (current position)

Number of theCompany’s
shares owned

2,463[Responsibility]
In charge of Corporate Strategy Department and Financial Strategy Department[Reasons for nomination as candidate for Director]
Since joining the Company in 1988, Mr. Morita has been primarily involved in sales-related and corporate planning
operations. He currently serves as the Associate Senior Executive Officer in charge of the management planningdepartment and financial department. The Company proposes his election as Director so that the Company may benefit
from his extensive experience and insight related to the Company’s business.
(Notes) 1. There is no special interest between any of the candidates and the Company.
2. In accordance with the provisions of Article 430-3, paragraph 1 of the Companies Act, the Company enters into a liability
insurance contract with an insurance company for directors and other officers. The insurance policy covers compensation
for damages and legal fees to be borne by the insured. If approved for election, each candidate shall be included as aninsured party as per said liability insurance contract. The same information shall be updated in the next update.

-9-

Proposal No. 3:

Election of Six (6) Directors Who Are Audit and Supervisory Committee Members

The terms of office of all six (6) currently serving Directors who are Audit and Supervisory Committee Members
will expire at the conclusion of this Annual General Meeting of Shareholders. Therefore, the Company proposes theelection of six (6) Directors who are Audit and Supervisory Committee Members.
The nomination of candidate Directors who are Audit and Supervisory Committee Members is determined by the
Board of Directors following a review by an advisory committee, composed of a majority of outside Directors, which
addresses matters such as nomination and remuneration.
The consent of the Audit and Supervisory Committee has been obtained for this proposal.
Candidates for the role of Director who is an Audit and Supervisory Committee Member are as follows:
Candidate
No.

Name

1

Masahiro SHIMODA

2

Atsushi MITARAICurrent position and responsibilities in the Company
Director and Audit and Supervisory Committee Member (fulltime)
Director and Audit and Supervisory Committee Member (fulltime)

Other notes
Reelection
Reelection
Reelection

3

Yuji HIYA

Director and Audit and Supervisory Committee Member

OutsideDirector
Independent
Officer
Reelection

4

Hiroko IKEUCHI

Director and Audit and Supervisory Committee Member

OutsideDirector
Independent
Officer
FemaleNewelection

5

Kiyota TAKATA

OutsideDirector―

Independent
OfficerNewelection
6

Hisashi GOTO

OutsideDirector―

Independent
Officer- 10 -

Candidate
No.

Name
(Date of birth)

Career summary and position

Masahiro SHIMODA Apr. 1986
Apr. 2019(August 18, 1961)
Reelection
Number of years in
office as a Director
3 years
1

Mar. 2021
Apr. 2021
June 2021

Joined the Company (formerly Saibu Gas Co., Ltd.)
Executive Officer, Senior General Manager of Gas
Production Department
Retired as Executive Officer
Audit and Supervisory Board Member of Saibu Gas Co.,
Ltd. (current position)
Director and Audit and Supervisory Committee Member(full-time) (current position)

Number of theCompany’s
shares owned

4,900

Attendance at Boardof Directors
meetings
12/12 (100%)[Reasons for nomination as candidate for Director]
Since joining the Company in 1986, Mr. Shimoda has been primarily involved in production-related operations. He
has served as Director who is an Audit and Supervisory Committee Member since June 2021. The Company proposes
his continued election as Director who is an Audit and Supervisory Committee Member so that the Company may
benefit from his experience, abilities, and insight related to the Company’s business in strengthening the audit andsupervisory functions of the Company.
Atsushi MITARAI(December 3, 1963)

Apr. 1987
Apr. 2022

Reelection

Mar. 2023
Apr. 2023

Number of years in
office as a Director
1 year2

June 2023

Joined the Company (formerly Saibu Gas Co., Ltd.)
Executive Officer, Senior General Manager of Public
Relations Department
Retired as Executive Officer
Audit and Supervisory Board Member of Saibu Gas Co.,
Ltd. (current position)
Director and Audit and Supervisory Committee Memberof the Company (full-time) (current position)

2,129

Attendance at Boardof Directors
meetings
10/10 (100%)[Reasons for nomination as candidate for Director]
Since joining the Company in 1987, Mr. Mitarai has been primarily involved in management planning and sales
planning operations. He has served as Director who is an Audit and Supervisory Committee Member since June 2023.
The Company proposes his continued election as Director who is an Audit and Supervisory Committee Member sothat the Company may benefit from his experience, abilities, and insight related to the Company’s business instrengthening the audit and supervisory functions of the Company.

- 11 -

Candidate
No.

Name
(Date of birth)

Career summary and position
Apr. 1979
July 2003
July 2004

Yuji HIYA(January 10, 1957)
Reelection
Outside Director
Independent Officer
Number of years in
office as a Director
2 years3

Attendance at Boardof Directors
meetings
12/12 (100%)

July 2006
June 2007
June 2008
Feb. 2010
June 2012
June 2013
June 2014
June 2016
Apr. 2021
June 2021
Apr. 2022
June 2022

Joined Nishi-Nippon Railroad Co., Ltd.
Manager of Accounting Department
General Manager of Building Business Department,
Urban Development Division
Manager of Distribution Store Planning Office
General Manager of Accounting Department
Director and Executive Officer, General Manager of
Accounting Department
Representative Director and President of Nishitetsu
Accounting Service
Director and Managing Executive Officer of NishiNippon Railroad Co., Ltd.
Director and Managing Executive Officer, General
Manager of Corporate Planning Division
Director and Senior Managing Executive Officer,
General Manager of Corporate Planning Division
Representative Director, Vice President and Executive
Officer
Director
Director and Chairman of Nishitetsu Store Inc.
Retired as Director of Nishi-Nippon Railroad Co., Ltd.
Chairman of the Board of Directors of School Foundation
Nishitetsu Gakuen (current position)
Director and Audit and Supervisory Committee Memberof the Company (current position)

Number of theCompany’s
shares owned

500[Significant concurrent positions outside the Company]
Chairman of the Board of Directors of School Foundation Nishitetsu Gakuen[Reasons for nomination as candidate for outside Director]
Mr. Hiya possesses extensive experience and broad insight in corporate management as a Representative Director ofa major regional company. The Company proposes his continued election as outside Director who is an Audit andSupervisory Committee Member so that the Company may benefit from his experience and insight in strengthening
the audit and supervisory functions of the Company, while receiving his advice and proposals concerning all aspectsof corporate management from an independent perspective.
He currently serves as outside Director of the Company. At the conclusion of this Annual General Meeting of
Shareholders, his tenure as outside Director of the Company will have been two (2) years.

- 12 -

Candidate
No.

Name
(Date of birth)

Career summary and position
Apr. 1981
Sept. 1996

Hiroko IKEUCHI(April 2, 1959)
Reelection
Outside Director
Independent Officer
Female4

July 1999
Dec. 2015
Feb. 2016
Dec. 2020
Jan. 2022

Number of years in
office as a Director
2 years

June 2022

Attendance at Boardof Directors
meetings
12/12 (100%)Jan. 2023

Nov. 2022

Apr. 2023
Feb. 2024

Joined Jardine Matheson and Company
Established Hanamurasaki as a sole proprietorship,
Representative
Established Do It Ltd. (currently teno.CORPORATION,
LTD.), President & CEO
President & CEO of teno.Holdings Company Limited(current position)
President & CEO of teno.Support Company Limited
Representative Director of Office Palette Company
Limited (current position)
Representative Director of FORTE CO. LTD. (current
position)
Director and Audit and Supervisory Committee Memberof the Company (current position)
Representative Director and Chairman of Homemade
Cooking, Co., Ltd. (current position)
Director of Safety Japan Risk Management Co., Ltd.
(current position)
President & CEO of teno.CORPORATION, LTD.
(current position)
Representative Director of WISH Co., Ltd. (current
position)
Director of Childcare Support Co., Ltd. (current position)

Number of theCompany’s
shares owned

500[Significant concurrent positions outside the Company]
President & CEO of teno.Holdings Company Limited[Reasons for nomination as candidate for outside Director]
Ms. Ikeuchi possesses extensive experience and broad insight in corporate management as a Representative Directorof a regional company. The Company proposes her continued election as outside Director who is an Audit andSupervisory Committee Member so that the Company may benefit from her experience and insight in strengthening
the audit and supervisory functions of the Company, while receiving her advice and proposals concerning all aspectsof corporate management from an independent perspective.
She currently serves as outside Director of the Company. At the conclusion of this Annual General Meeting of
Shareholders, her tenure as outside Director of the Company will have been two (2) years.

- 13 -

Candidate
No.

Name
(Date of birth)

Career summary and position
Apr. 1978
June 2003
Oct. 2004

Kiyota TAKATA(January 5, 1954)
New election
Outside Director
Independent Officer
5Apr. 2005
June 2006
June 2007
June 2010
June 2011
June 2012
June 2015
June 2016
Oct. 2016
June 2023

Joined Nishi-Nippon Mutual Bank (currently THE
NISHI-NIPPON CITY BANK, LTD.)
General Manager of Management Policy Office
General Manager of Integrated Management Office,General Planning Department and General Manager ofSecretariat
General Manager of Hakozaki Branch
Executive Officer and General Manager of Secretariat
Director
Managing Director
Director and Managing Director
Director and Executive Director
Director of PIETRO Co., Ltd. (current position)
Representative Director and Deputy President of THE
NISHI-NIPPON CITY BANK, LTD.
Director of Nishi-Nippon Financial Holdings, Inc.
Representative Director and President of Kyushu Sogo
Shinyo Co., Ltd. (current position)

Number of theCompany’s
shares owned

0[Significant concurrent positions outside the Company]
Representative Director and President of Kyushu Sogo Shinyo Co., Ltd.
Director of PIETRO Co., Ltd.
[Reasons for nomination as candidate for outside Director]
Mr. Takata possesses extensive experience and broad insight in corporate management as a Representative Directorof a major regional company. The Company proposes his election as outside Director who is an Audit and Supervisory
Committee Member so that the Company may benefit from his experience and insight in strengthening the audit andsupervisory functions of the Company, while receiving his advice and proposals concerning all aspects of corporate
management from an independent perspective.
Apr. 1985
Apr. 2012
Apr. 2015
Oct. 2016
Hisashi GOTO
(February 3, 1962)
New election
Outside Director
Independent Officer
6Apr. 2017
Apr. 2019
Apr. 2020
Apr. 2021
Apr. 2022

Joined The Bank of Fukuoka, Ltd.
General Manager of Corporate Planning Division
Executive Officer & General Manager of Sales
Promotion Division
Executive Officer & General Manager of Sales Strategy
Division and General Manager of Financial Consultation
Promotion Division
Managing Executive Officer
Executive Officer of Fukuoka Financial Group, Inc.
Director & Managing Executive Officer of The Bank ofFukuoka, Ltd.
Director & Senior Managing Executive Officer
Non-executive Director of The Kumamoto Bank, Ltd.
Director & Executive Officer of Fukuoka Financial
Group, Inc.
Representative Director & President (current position)
Representative Director & President of The Bank ofFukuoka, Ltd. (current position)

0[Significant concurrent positions outside the Company]
Representative Director & President of Fukuoka Financial Group, Inc.
Representative Director & President of The Bank of Fukuoka, Ltd.
[Reasons for nomination as candidate for outside Director]
Mr. Goto possesses extensive experience and broad insight in corporate management as a Representative Director ofa major regional company. The Company proposes his election as outside Director who is an Audit and Supervisory
Committee Member so that the Company may benefit from his experience and insight in strengthening the audit andsupervisory functions of the Company, while receiving his advice and proposals concerning all aspects of corporate
management from an independent perspective.
(Notes) 1. Mr. Hisashi Goto is Representative Director and President of The Bank of Fukuoka, Ltd., with whom the Company
conducts regular banking transactions.
2. There is no special interest between any of the other candidates and the Company.
3. Yuji Hiya, Hiroko Ikeuchi, Kiyota Takata, and Hisashi Goto are candidates for outside Director.
4. The Company has registered Yuji Hiya and Hiroko Ikeuchi as independent officers in accordance with the provisions of- 14 -

the Tokyo Stock Exchange and other relevant regulations. If their elections are approved, the Company also plans toregister both Kiyota Takata and Hisashi Goto as independent officers in accordance with the provisions of the Tokyo Stock
Exchange and other relevant regulations.
5. The Company has entered into an agreement with Yuji Hiya and Hiroko Ikeuchi to limit their liability for damages under
Article 423, paragraph 1 of the Companies Act, and the maximum amount of liability under such agreement is the amountstipulated by laws and regulations. If their elections are approved, the Company will continue the aforementioned liability
limitation agreement with them.
If their elections are approved, the Company will enter into the same liability limitation agreement with Kiyota Takata andHisashi Goto as described above.
6. In accordance with the provisions of Article 430-3, paragraph 1 of the Companies Act, the Company enters into a liability
insurance contract with an insurance company for directors and other officers. The insurance policy covers compensation
for damages and legal fees to be borne by the insured. If approved for election, each candidate shall be included as aninsured party as per said liability insurance contract. The same information shall be updated in the next update.

- 15 -

(Reference) Company structure after appointments
If Proposal No. 2 and Proposal No. 3 are approved and adopted as proposed, the Board of Directors shall be composed
as follows.

Name
Yukinori
Reelection
MICHINAGA

Position

Representative
Director and Chairman
Representative
Director and President
Takuji KATO Reelection
President andExecutive Officer
Representative
AkifumiDirectorReelection
YAMASHITA
Vice President andExecutive Officer
Director
YoshinariReelection
Associate Senior
NUMANO
Executive Officer
Director
Yasuhiro
Reelection
Associate Senior
TOYODA
Executive Officer
Director
Shogo
New election Associate Senior
MORITA
Executive Officer
Director
Director
Masahiro
Audit and Supervisory
Reelection
SHIMODA
Committee Member(full-time)
Director
Atsushi
Audit and Supervisory
Reelection
MITARAI
Committee Member(full-time)
Reelection
Director
Yuji HIYA
OutsideAudit and Supervisory
Independent Committee Member
Reelection
Director
HirokoOutsideAudit and Supervisory
IKEUCHI
Independent
Committee Member
FemaleNew election Director
KiyotaOutsideAudit and Supervisory
TAKATA
Independent Committee Member
New election Director
Hisashi
OutsideAudit and Supervisory
GOTO
Independent Committee Member

Areas in which the Company expects to benefit from the expertise of each Director
Businesses
Legal affairs Finance
EnergyCorporate
Humanother than Sustainability
and risk
andbusinessresources
management
energymanagement accounting

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