Stock Code: 7844
June 8, 2020

To Our Shareholders
Marvelous Inc.
4-12-8 Higashi-Shinagawa, Shinagawa-ku, Tokyo

Notice of the 23rd Annual General Meetingof Shareholders
We are pleased to notify you of the 23rd Annual General Meeting of Shareholders ofMarvelous Inc. as follows.
Based on the situation with COVID-19, we ask that shareholders vote in writing or by using
the Internet if possible, and when using these methods, we would appreciate it if you please
read the supplementary materials for the Annual General Meeting of Shareholders (availablein Japanese language only), and exercise your voting rights by 6 p.m. Monday, June 22, 2020(JST).
Yours sincerely,Shuichi Motoda
President
Details
June 23, 2020 (Tuesday) at 3:00 p.m. (JST)(Reception will start at 2:30 p.m. (JST))
Daigo Banquet Hall, Sheraton Miyako Hotel Tokyo (2nd basement)
1-1-50 Shirokanedai, Minato-ku, Tokyo

1.

Date/Time:

2.

Venue:

3.

Agenda:Matters for reporting:
1. Business Report, Consolidated Financial Statements, and Audit Reports of theAccounting Auditor and the Board of Corporate Auditors concerning theConsolidated Financial Statements for the 23rd business year (from April 1, 2019
to March 31, 2020)
2. Non-consolidated Financial Statements for the 23rd business year (from April 1,2019 to March 31, 2020)
Matters for resolution:
Proposal No. 1:
Election of Nine Directors
Proposal No. 2:
Revision of Compensation of Outside Directors
End of text

(Request and Notice to Shareholders)◎ We ask that shareholders considering attending the meeting in person give sufficient consideration
to the future situation with COVID-19 and announcements made by the national government andlocal governments, and not force yourself to attend in person.
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Please utilize voting in writing or by using the Internet (Please be aware that the information page
below is available in Japanese language only).
Please consider not attending the meeting in person this year if you are elderly, have underlying
health conditions, are pregnant or have other health concerns.
Please understand that we may ask you to refrain from attending or to leave the meeting if it isconfirmed that you have a fever, confirmed that you have abnormal symptoms, or otherwise
determined that your attendance is inappropriate.
Please refer to the following website where we will publish the relevant information in the event
any significant changes occur to the COVID-19 infection prevention measures at the meeting or theoperation of the meeting.
In light of the conditions, we will not be presenting souvenirs to shareholders who attend themeeting this year. Your understanding in this matter is appreciated.
In an effort to prevent infections on the day of the meeting, staff will wear masks, and disinfectant
will be provided at reception and the entrance. We will also endeavor to shorten the length of themeeting by conducting the agenda more swiftly than in other years.
If you decide to attend based on the above information, we ask that you cooperate by wearing amask to prevent infections, and also present the enclosed voting rights exercise form at reception.
Please be reminded that admission to the general meeting is limited to shareholders and that proxies
and accompanying persons will not be admitted.
Pursuant to laws and regulations and the provision of Article 15 of the Company's Articles ofIncorporation, the "Notes to the Consolidated Financial Statements" and the "Notes to theNon-consolidated Financial Statements" are posted on the Company's website and are therefore notincluded in this notice.
In preparing their respective Audit Reports, the Board of Corporate Auditors and the Accounting
Auditor will include within the audited Consolidated Financial Statements and Non-consolidated
Financial Statements the items that must be presented as the "Notes to the Consolidated Financial
Statements" and the "Notes to the Non-consolidated Financial Statements" in addition to mattersstated in this notice of meeting.
Any revisions that occur to the supplementary materials for the Annual General Meeting ofShareholders or to the Business Report, Non-consolidated Financial Statements, or Consolidated
Financial Statements shall be posted on the Company website.
The "information meeting on recent management matters" that had been held after the conclusion of
the Annual General Meeting of Shareholders will not be held in light of the conditions. The relevantmaterials will be published separately on the Company's website.
The Company's website
https://corp.marv.jp/-2-