This document has been translated from the Japanese original for the convenience of non-Japanese shareholders. In the event ofany discrepancy between this translation and the Japanese original, the original shall prevail.

Securities identification code: 7236

June 5, 2023

To our shareholders:Tomio Miyazaki
President & CEO & COO

T.RAD Co., Ltd.

3-25-3 Yoyogi, Shibuya-ku, Tokyo 151-0053, JapanNOTICE OF THE 121ST ORDINARY GENERAL MEETING OF SHAREHOLDERS
This is to notify you of the 121st Ordinary General Meeting of Shareholders of T.RAD Co., Ltd. (the“Company”), which will be held as described below.
When convening this 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.
(items for which measures for providing information in electronic format are to be taken) in electronic
format, and posts this information as “Notice of the 121st Ordinary General Meeting of Shareholders” 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://www.trad.co.jp/databox/data.php/ir_doc_ja/code (in Japanese)
In addition to posting items subject to measures for electronic provision on the website above, the Company
also posts this information on the website of Tokyo Stock Exchange, Inc. (TSE). To access this informationfrom the latter website, access the TSE website (Listed Company Search) by using the internet address
shown below, enter “T.RAD” in the issue name (company name) field or “7236” in securities code field,
and click “Search,” and then click “Basic information” and select “Documents for public inspection/PR
information.”
TSE website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)
We would appreciate if instead of attending the meeting in person, you exercise your voting rights in writing(by postal mail) or electronically (over the Internet, etc.) after reviewing the Reference Documents for the
General Meeting of Shareholders.
[If you are exercising your voting rights in writing]
Indicate your approval or disapproval of the proposals on the Voting Right Exercise Form and return it bypostal mail to reach us no later than 5:30 p.m., Monday, June 26, 2023 (Japan Standard Time).
[If you are exercising your voting rights over the Internet, etc.]
Access the Company’s designated website for exercising voting rights (https://www.web54.net (inJapanese)) and follow the on-screen instructions to enter your approval or disapproval of the proposal nolater than 5:30 p.m., Monday, June 26, 2023 (Japan Standard Time).
Please refer to “Information on exercising your voting rights over the Internet, etc.” on page 4 when
exercising your voting rights over the Internet, etc.

1

Meeting Details
1. Date and time:
2. Venue:

10:00 a.m., Tuesday, June 27, 2023 (Japan Standard Time)
3F Conference Room, Aioi Nissay Dowa Sonpo Shinjuku Bldg.
3-25-3 Yoyogi, Shibuya-ku, Tokyo

3. Purposes:
Items to be reported:
1. Business Report and Consolidated Financial Statements for the 121st Term (from April 1, 2022
to March 31, 2023) as well as the results of audit of the Consolidated Financial Statements by
the Accounting Auditor and the Audit & Supervisory Board
2. Non-Consolidated Financial Statements for the 121st Term (from April 1, 2022 to March 31,
2023)
Items to be resolved:
Proposal 1:
Election of six (6) Directors
Proposal 2:
Election of two (2) Audit & Supervisory Board Members
4. Information on exercising voting rights
Refer to “Information on exercising voting rights” on page 3.
5. Items to be resolved upon the Convocation
Due to the revision of the Company’s act, please access each of the above websites and confirm theitems of electronic provision system in principle, and only shareholders who have requested the deliveryof documents by the record date will be sent in writing, but at the General Meeting of Shareholders,regardless of whether or not there is a request for delivery of documents, a document stating the matterof electronic provision measures will be sent uniformly.
Note that among the items subject to measures for electronic provision, in accordance with the provisionsof laws and regulations and Article 19 of the Company, the following items are not provided in the paper
based documents delivered to shareholders who have made a request for delivery of such documents.
Accordingly, those documents are a part of the documents audited by the Audit & Supervisory Board
Members or Accounting Auditor when preparing their audit reports.
1. Consolidated Statement of Changes in Equity of the Consolidated Financial Statements
2. Notes to Consolidated Financial Statements of the Consolidated Financial Statements
3. Non-consolidated Financial Statements of Changes in Equity of the Non-Consolidated Financial
Statements
4. Notes to Non-Consolidated Financial Statements of the Non-Consolidated Financial Statements- If you are attending the meeting, please submit the Voting Right Exercise Form at the reception desk.
- Please note that no gift will be provided to the shareholders who attend the General Meeting of
Shareholders.
- If revisions to the items subject to measures for electronic provision arise, a notice of the revisions andthe details of the items before and after the revisions shall be posted on the Company’s website and theTSE website.

2

Information on exercising voting rights
Voting rights may be exercised with one of the following three (3) methods.
If you attend the meeting
If you are attending the meeting, please submit the Voting Right Exercise Form at
the reception desk.
Date and time:
10:00 a.m., Tuesday, June 27, 2023 (Japan Standard Time)If you are exercising your voting rights in writing
If you are exercising your voting rights in writing, please indicate your approval ordisapproval of the proposal on the Voting Right Exercise Form and return it bypostal mail with no stamp affixed.
Deadline for exercising voting rights:
5:30 p.m., Monday, June 26, 2023 (Japan Standard Time; deadline for the
reception of the form)
If you are exercising your voting rights over the Internet, etc.
From a PC or smartphone, please access the website for exercising voting rights(https://www.web54.net (in Japanese)), enter the Voting Right Exercise Code andpassword written on the Voting Right Exercise Form and follow the on-screen
instructions to enter your approval or disapproval of the proposal.
Deadline for exercising voting rights:
5:30 p.m., Monday, June 26, 2023 (Japan Standard Time; deadline for entry
completion)(i) To prevent unauthorized access (“spoofing”) from individuals other than the shareholder
and falsification of the content of the exercised voting rights, note that the shareholders
using this method will be asked to change their passwords on the website for exercising
voting rights.
(ii) A new Voting Right Exercise Code and password will be provided each time we issue a
notice of the General Meeting of Shareholders.
(iii) You will be liable for any fees incurred to access the website for exercising voting rights(such as Internet, etc. connection fees and telephone fees).

***

If neither approval nor disapproval of each proposal is indicated on the voting form (post), theCompany will deem that you indicated your approval of the proposal.
If you exercise your voting rights multiple times over the Internet, etc., the last time that you
have exercised your voting rights will be treated as valid.
If you exercise your voting rights multiple times with different methods, such as in writing (bypostal mail) and over the Internet, etc., the details with which you exercised your voting rights
over the Internet, etc. will be treated as valid.

3

Information on exercising your voting rights over the Internet, etc.
To exercise your voting rights over the Internet, use a PC or smartphone to access the website forexercising voting rights that is specified by the Company. Then, follow the on-screen instructions toexercise your voting rights.
Website for exercising voting rights
https://www.web54.net (in Japanese)
You can also connect to the website for exercising voting rights by reading the 2D code shown in theJapanese original document with a smartphone equipped with a barcode reading function. For details on
how to operate this function, see the instruction manual of your smartphone.
Deadline for exercising voting rights: 5:30 p.m., Monday, June 26, 2023 (Japan Standard Time;deadline for entry completion)
Access the website for exercising
voting rights.

• Click “Next”.

Enter the Voting Right Exercise Codewritten on the Voting Right Exercise Form.

• Enter the Voting Right Exercise Code.
• Click “Sign in”.

Enter the password written on the Voting
Right Exercise Form.

• Enter the initial password.
• Set a new password that you will actually use.
• Click “Register”.

*The operation screens shown here are for reference purposes only.

Next, follow the on-screen instructions to enter your approval or disapproval.
To our institutional investors
If you apply in advance to use the [Electronic Voting Rights Exercise Platform] operated by ICJ, Inc., you
can exercise your voting rights through the platform.
Inquiries regarding exercising your voting rights over the Internet
Sumitomo Mitsui Trust Bank, Limited securities agent web support dedicated phone number
Toll-free number: +81 (0)120-652-031 (hours of operation: 9:00 a.m. to 9:00 p.m.) (Japan Standard Time)4

Reference Documents for the General Meeting of Shareholders
Proposals and Reference Material
Proposal 1:

Election of six (6) Directors

The terms of office of all six (6) Directors will expire at the conclusion of this General Meeting of
Shareholders. Accordingly, the Company proposes the election of the following six (6) Directors.
The candidates for Directors are as follows:
No.

Name

Current positions and assignments at the Company

1

Tomio Miyazaki

President & CEO & COO[Reelection]

2

Yoshitaka Momose

Senior Managing Director
Supervising Technical Division and North America
business[Reelection]

3

Hiromi Kano

Director and Senior Advisor[Reelection]

4

Yoshisada Takahashi

Outside Director[Reelection][Outside Director][Independent officer]

5

Ryuichi Murata

Outside Director[Reelection][Outside Director][Independent officer]

6

Jinning Tu[New election][Outside Director][Independent officer]

5

No.

Name (Date of birth)

Tomio Miyazaki(September 16, 1977)(Male)

1

Brief history, positions and assignments at the Company
Apr. 2002

Joined Honda Motor Co., Ltd.

Aug. 2002

Joined Wako Fundamental Technology Research Centerof Honda R&D Co., Ltd.

Oct. 2009

Joined Jinya Co., Ltd.

Oct. 2009

Representative Director of Jinya Co., Ltd.

Apr. 2012

Founded Jinya Connect Co., Ltd.

Apr. 2012

Representative Director of Jinya Connect Co., Ltd.

Jun. 2014[Number of the Company’sJun. 2017
shares owned]
18,321 shares
Jun. 2018

Outside Director of the Company[Number of years in office
as a Director of theCompany]
9 years

Jun. 2022

President & CEO & COO of the Company (present
position)[Number of attendances at
the Board of Directors
Meetings]
13/13[Reason for nomination as a candidate for Director]
From June 2014, Tomio Miyazaki has actively provided opinions andadvice as Outside Director on the basis of his extensive experience anddeep knowledge of corporate management. Since June 2018, he has been
responsible for execution of business as President & COO of theCompany and has been in charge of group-wide management, providing
strong leadership. He has been selected as a candidate for Director
because we believe he is suited to continue his role in management as
the Company seeks to achieve the targets of the 12th management plan.
The Company plans for him to continue to serve in the role of President& CEO (chief executive officer) & COO (chief operating officer) of theCompany under the new system following his reelection.

[Reelection]

Director in charge of Business Planning Department of
the Company
President & COO of the Company[Significant concurrent positions outside the Company]
President and CEO of T.RAD CONNECT Co., Ltd.

6

No.

Name (Date of birth)

Yoshitaka Momose(December 7, 1957)(Male)

Brief history, positions and assignments at the Company
Apr. 1981

Joined Toyo Radiator Co., Ltd. (currently theCompany)

Oct. 2001

General Manager of Nagoya Works Plant Control
Dept. of the Company

Jul. 2002

General Manager of Hatano Works Plant Control
Dept. of the Company

Nov. 2003

General Manager of Hatano Works Production Dept.
and Plant Control Dept. of the Company

Jun. 2006

Executive Officer of the Company
President of T.RAD Czech s.r.oJul. 2008

Managing Executive Officer of the Company[Number of the Company’s Jun. 2009
shares owned]
Apr. 2017
21,918 shares
2[Number of years in office
as a Director of theCompany]
14 years[Number of attendances at
the Board of Directors
Meetings]
12/13[Reelection]

Managing Director of the Company
Supervising North America business, and in chargeof Sales, Technical and Quality Division of theCompany

Jun. 2018

Senior Managing Director of the Company (present
position)Mar. 2022

Supervising Technical Division and North America
business of the Company (present position)[Significant concurrent positions outside the Company][Reason for nomination as a candidate for Director]
Possessing extensive overseas experience and a wide range ofexperience centered on the areas of production and sales, and being
familiar with global operations, Yoshitaka Momose has exercised strong
leadership. From 2022, he is responsible for supervising the Technical
Division and North America business. He has been selected as a
candidate for Director because we believe he is suited for a role inmanagement as the Company seeks to achieve the targets of the 12th
management plan. The Company plans for him to continue to take on
his responsibilities of supervising the Technical Division and North
America business as Senior Managing Director under the new systemfollowing his reelection.

7

No.

Name (Date of birth)

Brief history, positions and assignments at the Company
Apr. 1970

Joined Toyo Radiator Co., Ltd. (currently the Company)

Jun. 2000

Director of the Company
President General Manager of North America Sales
Department of CoPAR Inc. (currently T.RAD North
America, Inc.) and

Jun. 2002

Managing Director of the Company, in charge ofbusiness operations in America / Europe

Hiromi Kano

(October 24, 1945)(Male)

3[Number of the Company’s Apr. 2008
President and Representative Director of the Company
shares owned]
Jun. 2018
Chairman & CEO of the Company
43,506 shares
Jun. 2022
Director and Senior Advisor of the Company (present
position)[Number of years in office
as a Director of the[Significant concurrent positions outside the Company]
Company]
23 years[Reason for nomination as a candidate for Director][Number of attendances at Possessing extensive experience overseas and a wide range ofexperience centered on the area of sales, Hiromi Kano has been in charge
the Board of Directorsof group-wide management, providing strong leadership as President
Meetings]
and Representative Director beginning in April 2008 and serving as
13/13
Chairman & CEO since June 2018. He has been selected as a candidate
for Director because we believe he is suited to continue his role in[Reelection]
management as the Company seeks to achieve the targets of the 12th
management plan. The Company plans for him to continue to serve inthe role of Director and Senior Advisor under the new system following
his reelection.

8

No.

Name (Date of birth)

Brief history and positions at the Company
Apr. 1978

Joined Komatsu Ltd.

Jun. 1995

Plant Manager of Komatsu Brasil International Ltda.

Apr. 2006

Executive Officer and Plant Manager of Awazu Plant,
Production Division of Komatsu Ltd.

Apr. 2008

Executive Officer and Plant Manager of Osaka Plant,
Production Division of Komatsu Ltd.

Apr. 2012Managing Executive Officer, President of Production
Division, Supervising Environment of Komatsu Ltd.

Apr. 2016

Senior Executive Officer, Chief Information &Innovation Officer, President of Information Strategy
Division, Supervising Production and Industrial
Machinery Business of Komatsu Ltd.

Apr. 2017

Executive Vice President, Chief Information &Innovation Officer, President of Information Strategy
Division, Supervising Industrial Machinery Businessof Komatsu Ltd.

Apr. 2019

Advisor to President of Komatsu Ltd.

Jun. 2019

Outside Director of the Company (present position)

Jul. 2019

Consultant of Komatsu Ltd. (present position)

Sep. 2019

Consultant of Ishikawa Prefecture (in charge ofindustry promotion) (present position)

Yoshisada Takahashi(December 8, 1955)(Male)[Number of the Company’s
shares owned]
0 shares4[Number of years in office asa Director of the Company]
4 years[Number of attendances at theBoard of Directors Meetings] Jun. 2022
13/13
[Reelection][Outside Director][Independent officer]

Outside Director of T-Gaia Corporation (present
position)[Significant concurrent positions outside the Company]
Consultant of Komatsu Ltd.
Consultant of Ishikawa Prefecture (in charge of industry promotion)
Outside Director of T-Gaia Corporation[Reason for nomination as a candidate for Outside Director andexpected roles]
Yoshisada Takahashi has been selected as a candidate for Outside
Director for his abundant knowledge of corporate management. We
believe that he would give us opinions and suggestions for the overallmanagement environment surrounding the Company in particular byleveraging his knowledge. If he is elected, he will serve as a memberof the Nomination and Remuneration Committee and will be involved
in selecting candidates for Directors, Officers, and Audit &Supervisory Board Members of the Company and deciding theirremuneration, etc., from an objective and neutral standpoint.

9

No.

Name (Date of birth)
Apr. 1971

Joined The Mitsubishi Bank, Limited

Jan. 2006

Member of the Board of Directors, Senior Managing
Executive Officer of The Bank of Tokyo-Mitsubishi
UFJ, Ltd.

May 2006

Deputy President of The Bank of Tokyo-Mitsubishi
UFJ, Ltd.

Jun. 2009

Director, Deputy President of Mitsubishi UFJ Lease& Finance Company Limited (currently Mitsubishi
HC Capital Inc.)

Jun. 2010(April 12, 1948)(Male)

Representative Director, President & CEO of
Mitsubishi UFJ Lease & Finance Company Limited(currently Mitsubishi HC Capital Inc.)

Jun. 2012[Number of the Company’s
shares owned]
0 shares

Representative Director, Chairman of Mitsubishi UFJ
Lease & Finance Company Limited (currently
Mitsubishi HC Capital Inc.)

Jun. 2016

Outside Audit & Supervisory Board Member of
NORITAKE CO., LIMITED (present position)

Jun. 2017

Advisor of Mitsubishi UFJ Lease & Finance
Company Limited (currently Mitsubishi HC Capital
Inc.)

Jun. 2017

External Director of Kintetsu Group Holdings Co.,
Ltd.

Jun. 2018

Outside Director of Eisai Co., Ltd.

Jul. 2018

Senior Advisor to Mitsubishi UFJ Lease & Finance
Company Limited (currently Mitsubishi HC CapitalInc.) (present position)

Jun. 2021

Outside Director of the Company (present position)

Ryuichi Murata

5

Brief history and positions at the Company[Number of years in office
as a Director of theCompany]
2 years[Number of attendances at
the Board of Directors
Meetings]
13/13[Reelection][Outside Director][Independent officer][Significant concurrent positions outside the Company]
Senior Advisor to Mitsubishi HC Capital Inc.
[Reason for nomination as a candidate for Outside Director andexpected roles]
Ryuichi Murata has been selected as a candidate for Outside Director
for his abundant knowledge of corporate management across different
industries. We believe that he will supervise the overall management of
the Company by leveraging his knowledge. If he is elected, he will serve
as a member of the Nomination and Remuneration Committee and will
be involved in selecting candidates for Directors, Officers, and Audit &Supervisory Board Members of the Company and deciding theirremuneration, etc., from an objective and neutral standpoint.

10

No.

Name (Date of birth)

Jinning Tu(May 6, 1978)(Female)[Number of the Company’s
shares owned]
0 shares6[Number of years in office
as a Director of theCompany]
0 years[Number of attendances at
the Board of Directors
Meetings]--/-[New election][Outside Director][Independent officer]

Brief history
Oct. 2006

Joined Anderson Mori & Tomotsune

Jan. 2013

Joined Wintell & CO (Shanghai China)

Aug. 2013

Joined Anderson Mori & Tomotsune

Jan. 2018

Appointed as Senior Foreign Counsel for Partner
Treatment of Anderson Mori & Tomotsune

Jan. 2021

Appointed as Partner Anderson Mori & Tomotsune(present position)[Significant concurrent positions outside the Company]
Partner of Anderson Mori & Tomotsune[Reason for nomination as a candidate for Outside Director andexpected roles]
Jinning Tu has been selected as a candidate for Outside Director for her
abundant experience, expert knowledge and high regulatory compliancespirit as an attorney. We believe that she will supervise the overallmanagement of the Company by leveraging her knowledge. If she iselected, she will serve as a member of the Nomination andRemuneration Committee and will be involved in selecting candidates
for Directors, Officers, and Audit & Supervisory Board Members of theCompany and deciding their remuneration, etc., from an objective andneutral standpoint.

11

Notes:1. There is no special interest between the candidates and the Company.
2. The number of the Company’s shares owned includes shares of stock in Officer’s Shareholding
Association.
3. Yoshisada Takahashi, Ryuichi Murata and Jinning Tu are candidates for Outside Director.
4. Yoshisada Takahashi and Ryuichi Murata are currently Outside Directors of the Company, andtheir terms of office as Outside Directors will be four (4) years for Yoshisada Takahashi and two(2) years for Ryuichi Murata at the conclusion of this Ordinary General Meeting of Shareholders.
5. The Company has reported Yoshisada Takahashi and Ryuichi Murata to the Tokyo Stock
Exchange as independent officers as defined by the Exchange, and if their reelection is approved,
they will continue to serve as independent officers. Also, if Jinning Tu is elected as Outside
Director, the Company intends to report her to the Tokyo Stock Exchange as an independent
officer as defined by the Exchange.
6. Yoshisada Takahashi was involved in business execution for Komatsu Ltd., a specified associatedservice provider (an important counterparty) of the Company, within the past ten (10) years. Notethat his positions and assignments at that company during the past ten (10) years are as noted in
the above “Brief history and positions at the Company.”
7. Pursuant to Article 427, paragraph 1 of the Companies Act, the Company has entered into
agreements with Yoshisada Takahashi and Ryuichi Murata to limit their liability for damages
under Article 423, paragraph 1 of the same Act. Their maximum amount of the liability fordamages under these agreements is the amount stipulated by laws and regulations. If the reelectionof Yoshisada Takahashi and Ryuichi Murata is approved, the Company intends to continue theagreements with them. If the election of Jinning Tu is approved, the Company plans to enter into
the same agreement to limit her liability.
8. The Company has entered into a directors and officers liability insurance policy as stipulated in
Article 430-3, paragraph 1 of the Companies Act with an insurance company. The policy covers
the litigation expenses incurred in third-party litigation, shareholder derivative suits, andcorporate litigation for the insureds including the Directors of the Company, and the amount of
indemnification arising out of such event (However, the coverage excludes actions taken with fullknowledge of their illegality.). The entire premium for this policy is paid by the Company. If thecandidate is elected as Director, the Director is included as an insured under the policy. The
Company plans to renew the insurance policy with the same terms at the next renewal.

12Proposal 2:

Election of two (2) Audit & Supervisory Board Members

The term of office of Kimiaki Nakano as current Audit & Supervisory Board Member will expire at theconclusion of this General Meeting of Shareholders. Therefore, in order to strengthen the audit system,
we would like to request the appointment of two Audit & Supervisory Board Members including one
additional member.
The Audit & Supervisory Board has given its consent to this proposal.
The candidates for Audit & Supervisory Board Member are as follows.
No.

Name

Current positions at the Company

1

Norio Kanai

Director and Full-time Advisor[New election]

2

Kosei Tamura

Full-time Advisor[New election]

13

No.

Name (Date of birth)

Norio Kanai(June 25, 1959)(Male)

Brief history and positions at the Company
Apr. 1982

Joined The Dai-Ichi Kangyo Bank, Limited

Jul. 2008

General Manager of Structured Products Departmentof Mizuho Trust & Banking Co., Ltd.

Jul. 2010

Joined the Company as General Manager of
Accounting and Financial Affairs Dept.

Apr. 2012

Executive Officer of the Company

Jun. 2018

Managing Executive Officer of the Company

Jan. 2020

Supervising Accounting and Financial Affairs,
Business Planning, and General Affairs of theCompany[Number of the Company’s
shares owned]
15,051 shares
Jun. 2020

1[Number of years in office
as an Audit & Supervisory
Board Member of theCompany]
0 years[Number of attendances at
the Audit & Supervisory
Board Meetings]--/-[New election]

Managing Director of the Company

Jan. 2022

Supervising Accounting and Financial Affairs, andBusiness Planning & Administration of the Company

Apr. 2023

Director and Full-time Advisor of the Company(present position)[Significant concurrent positions outside the Company][Reason for Nomination as a Candidate for Audit & Supervisory Board
Member]Since joining the Company, Norio Kanai has been in charge of theentirety of the Company’s accounting and financial affairs. He has
exercised strong leadership in management on the basis of,
predominantly, his financial analysis. In addition, since fiscal 2022, he
has also been in charge of supervising business planning andadministration, and he has been selected as a candidate for Audit &Supervisory Board Member because we have determined that he will
fulfill his duties appropriately based on his extensive experience anddeep insight.

14

No.

Name (Date of birth)

Kosei Tamura(January 28, 1963)(Male)

Brief history and positions at the Company
Apr. 1986

Joined Toyo Radiator Co., Ltd. (currently theCompany)

Apr. 2005

General Manager of Automotive Sales Dept. No. 1 of
the Company

Jun. 2013

General Manager of SMART Project of the Company

Mar. 2014

General Manager of Sales and TechnicalManagement Dept. of the Company

Jan. 2016

General Manager (shukan) of Business Planning
Office of the Company[Number of the Company’s Apr. 2017
shares owned]
5,046 shares
Apr. 2018

2[Number of years in office
as an Audit & Supervisory
Board Member of theCompany]
0 years[Number of attendances at
the Board of Directors
Meetings]--/-[New election]

General Manager (shitsucho) of Business Planning
Office of the Company
Executive Officer in charge of Human Resources,
General Affairs and Related Businesses, and General
Manager of Human Resources and General Affairs
Dept.

Apr. 2021

Executive Officer, General Manager of Purchasing
Div.

Mar. 2022

Managing Executive Officer, Supervising Purchasing

Apr. 2023

Full-time Advisor (present position)[Significant concurrent positions outside the Company][Reason for Nomination as a Candidate for Audit & Supervisory Board
Member]Possessing a wide range of experience centered on the areas of sales andbusiness planning, Kosei Tamura has exercised strong leadership as
Executive Officer of human resources and general affairs division andpurchasing division. He has been selected as a candidate for Audit &Supervisory Board Member because we have determined that he will
fulfill his duties appropriately based on his extensive experience anddeep insight.

Notes:
1. There is no special interest between the candidates and the Company.
2. The number of the Company’s shares owned includes shares of stock in Officer’s Shareholding
Association.
3. The Company has entered into a directors and officers liability insurance policy as stipulated in
Article 430-3, paragraph 1 of the Companies Act with an insurance company. The policy covers
the litigation expenses incurred in third-party litigation, shareholder derivative suits, andcorporate litigation for the insureds including the Directors of the Company, and the amount of
indemnification arising out of such event (However, the coverage excludes actions taken with fullknowledge of their illegality.). The entire premium for this policy is paid by the Company. If thecandidate is elected as Audit & Supervisory Board Member, the member is included as an insured
under the policy. The Company plans to renew the insurance policy with the same terms at thenext renewal.

15

Reference
If Proposal 1 and 2 are approved and adopted in its original form, the composition of officers and skills ofeach officer will be as listed below.
Corporate
Management
Tomio Miyazaki
Yoshitaka Momose
Hiromi Kano
Director
Yoshisada Takahashi
Ryuichi Murata
Jinning Tu
Yasutaka Oba
Audit &
Supervisory Mikio Endo
Board
Norio Kanai
MemberKosei Tamura

〇
〇
〇
〇

Finance &Production/
Accounting/ Engineering
Plant
Internal/R&D
Engineering
Control
〇
〇
〇
〇

IT/DX

GlobalBusiness/
Sales

〇

〇

〇
〇
〇

〇
〇

〇
〇

Legal
Affairs

〇
〇

〇
〇

16

〇

[Reasons for Adopting Items in Skills Matrix]
Skill Items

Reasons for Adoption

Corporate Management

While the entire industry is being transformed, in order to make appropriate
management decisions and to embody the T.RAD Management Philosophy, weneed members of the Board of Directors with management experience and trackrecords, the skills to formulate sustainable growth strategies, as well as experienceand skills in other industries.

Finance &Accounting/Internal
Control

In order to maximize corporate value through the efficient management of theCompany’s capital, we need members of the Board of Directors with the skills andknowledge for conducting accurate financial reporting, building a strong financialbase, and formulating financial and capital strategies that enable growthinvestments and shareholder returns for sustainably raising corporate value, as
well as internal control skills to establish an appropriate governance system.

Engineering/R&D

As the world moves significantly toward carbon neutrality, it is necessary tocontinue to create and provide value-added products that respond to the rapidly
advancing electrification of automobiles, as well as to further improve theperformance of existing products. For this purpose, we need members of the Boardof Directors who are skilled in advanced technologies, and have track records inpromoting various innovations as well as the skills and experience to proactively
address issues in the global environment field from a management perspective.

Production/Plant
Engineering

In order for the Company to continuously provide products which is safe andsecure as well as high-performance and high-quality, it is essential to improve andpromote safe and highly efficient production facilities and manufacturing
technology capabilities that incorporate advanced technologies. Therefore, weneed members of the Board of Directors with high skills and experience in theareas of manufacturing and production engineering.

IT/DX

With the speed of digitalization accelerating at customers and competitors, inorder for the Company to ensure a higher level of competitiveness, it is essential topromote business reform and DX through the use of IT and to improve
productivity through the use of IoT and AI. In order to do so, we need members of
the Board of Directors with track records in promoting various innovations andwith skills and knowledge in the field of digital technology.

Global Business/Sales

Amidst a rapidly changing global economic environment, in order to further
solidify our global structure, which is our growth area, and to maximize results,
we need members of the Board of Directors with extensive skills and experiencein business management, business environment, lifestyle, and sales strategies
overseas.

Legal Affairs

The foundation for the Company’s continued global expansion is theestablishment of an appropriate governance system, and also in order to improvethe effectiveness of management supervision on a global basis, members of theBoard of Directors having legal knowledge and having skills and knowledge in thefields of corporate governance and risk management are required.

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