This document has been translated from the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail. The
Company assumes no responsibility for this translation or for direct, indirect or any other forms of damage
arising from the translation.

Securities code: 1407
November 7, 2023
(Electronic provision measures commencement date: October 31, 2023)
To Shareholders with Voting Rights:
Eiichiro Egashira
Representative Director and President
West Holdings Corporation
1-15-24 Kusunoki-cho, Nishi-ku,
Hiroshima, JapanNOTICE OF
THE 18th ANNUAL GENERAL SHAREHOLDERS’ MEETING
We are pleased to inform you that the 18th Annual General Shareholders’ Meeting (the “Meeting”) of
West Holdings Corporation (the “Company,” together with its subsidiaries, the “Group”) will be held as
described below.
In convening this General Shareholders’ Meeting, the Company has taken measures for electronic
provision as to information contained in the Reference Documents for the General Shareholders’Meeting, etc. (“Electronic Provision Measures Matters”), and has posted the information on each of thefollowing websites. Please access either of the websites to confirm the information.
The Company’s website:
https://www.west-gr.co.jp/en/ir/meeting/Tokyo Stock Exchange website (TSE Listed Company Search)https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show(Please access the TSE website shown above, enter “West Holdings Corporation” in “Issue name(company name),” or the Company’s security code “1407” in “Code” to search. Then, select “Basic
information” and “Documents for public inspection/PR information” in this order and confirm theinformation posted as “Notice of General Shareholders Meeting /Informational Materials for a General
Shareholders Meeting” under “Filed information available for public inspection.”)If you are refraining from attending the Meeting in person, you may exercise your voting rights inwriting. Please review the Reference Documents for the General Shareholders’ Meeting provided inElectronic Provision Measures Matters, indicate your votes for or against each of the proposals on theenclosed Voting Rights Exercise Form, and return it so that it is received by 6:00 p.m. Japan time,
Tuesday, November 21, 2023.

-1-1. Date and Time:

Wednesday, November 22, 2023 at 10:00 a.m. Japan time

2. Place:

Orchid Room, 3rd Floor, ANA Crowne Plaza Hiroshima
7-20, Nakamachi, Naka-ku, Hiroshima, Japan

3. Meeting Agenda:
Matters to be reported:1. The business report and consolidated financial statements for theCompany’s 18th fiscal year (September 1, 2022 - August 31, 2023) andresults of audits of the consolidated financial statements by the
Accounting Auditor and the Audit & Supervisory Board
2. Non-consolidated financial statements for the Company’s 18th fiscal
year (September 1, 2022 - August 31, 2023)
Proposals to be resolved:
Appropriation of Surplus
Proposal 1:
Election of 11 Directors
Proposal 2:
4. Matters Predetermined in Regard to the Convocation
If there is no indication of a vote for or against a specific proposal on the returned Voting Rights
Exercise Form, it shall be deemed as an indication of approval to that proposal.

◼
◼

◼

If you choose to attend the Meeting, please submit the enclosed Voting Rights Exercise Form to thereception.
In convening this General Shareholders’ Meeting, the paper copy containing Electronic Provision
Measures Matters have been sent to all shareholders, regardless of whether they have requested
delivery of the paper copy.
Of the Electronic Provision Measures Matters, however, Matters Concerning the Establishment of
Systems to Ensure the Appropriateness of Company Operations in the business report, Consolidated
Statements of Changes in Equity and Notes to Consolidated Financial Statements in the consolidated
financial statements, and the Non-consolidated Statements of Changes in Equity and Notes to Nonconsolidated Financial Statements in the non-consolidated financial statements are not included inthis paper copy pursuant to laws, regulations and Article 16 of the Company’s Articles ofIncorporation. Accordingly, this paper copy forms part of the materials audited by the Audit &Supervisory Board Members and the Accounting Auditor in preparing their respective audit reports.
If revisions arise to Electronic Provision Measures Matters, contents of the revisions will be posted
on each of the websites.

-2-Reference Documents for the General Shareholders’ Meeting
Proposal 1:

Appropriation of Surplus

The Company’s basic policy on the distribution of profits to shareholders is to continue to maintain stabledividends and implement active shareholder return measures according to the Company’s financial
situation, while retaining internal reserves required for future business development and strengthening
the Company’s financial position.
Based on the above policy, the Company proposes to pay the following year-end dividend for the
fiscal year under review.
(1) Type of dividend property
Cash(2) Allotment of dividend property and its total amount55 yen per common share of the Company at a total amount of 2,236,320,130 yen(3) Effective date of distribution of surplus
November 24, 2023
The dividends are planned to be paid from retained earnings.

-3-

Proposal 2:

Election of 11 Directors

The terms of office of all 8 Directors will expire at the conclusion of this Meeting. Accordingly, theCompany proposes the election of 11 Directors, to further strengthen the management structure andcorporate governance.
The candidates for Director are as follows:

No.

Current positions andresponsibilities at the Company

Name

Attendanceat Board of
Directors
meetings

1[Reappointment] Takashi Kikkawa

Representative Director andChairman

13/14
(93%)

2

[Reappointment] Eiichiro Egashira

Representative Director andPresident

12/14
(86%)

3

[Reappointment] Kenji Araki

Representative Director andSenior Executive Officer

14/14(100%)

4[Reappointment] Eiji Shiiba

Director

5[Reappointment] Yoshihisa Goto

Director

6[New
appointment]

Adviser

Toshihisa Nagashima

14/14(100%)
14/14(100%)
ー

Executive Officer
7

8
9

[New
appointment][New
appointment][New
appointment]

General Manager, Financial
Planning Office and Finance &Accounting Dept.

ーTomohiro Amano

Executive OfficerーAkira Naosaki

ーー

Toshiyuki Moriyama

Executive Officer
10

11

[New
appointment]

General Manager, General Affairs
Dept., Corporate Administration
Division

Hideshi Nakajima[Reappointment] Kazuo Nakashima[Outside]

Director[Reappointment]: Candidate for reappointment as Director[Outside]: Candidate for Outside Director[New appointment]: Candidate for new appointment as Director

-4-

ー

14/14
(100%)

No.

Name(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
May 1984

1

2

Number ofshares of theCompany held(Thousands)

Established Nishi-Nihon Kanesho Corporation(currently West Energy Solution Inc.)[Reappointment]
Representative Director and President
17,363
March 2006
Representative Director and President, West
Takashi Kikkawa
Holdings Corporation(April 8, 1950)
November 2009 Representative Director and Chairman, West
Holdings Corporation (current position)[Attendance at Board of Directors meetings]
13/14 (93%)[Reason for nomination as candidate for Director]
As described in the above summary, the candidate established this Company in 1984 and has demonstrated
outstanding foresight and strong leadership to drive the Company and took charge of management in general. The
Company proposes his reelection as a Director expecting him to make decisions on basic management policies
and management strategies and to further strengthen supervisory functions over important business execution in
the future as well.
February 2013
On commission by West Energy Solution Inc.
December 2013 Joined West Holdings Corporation
Executive Officer
Director, West Energy Solution Inc.
November 2014 Director, West Holdings Corporation[Reappointment]
November 2015 Director, West O&M, Inc. (current position)
November 2017 Managing Director, West Holdings Corporation
27
Eiichiro Egashira
November 2018 Representative Director and President, West
(August 27, 1962)
Holdings Corporation (current position)
Representative Director and President, West
Energy Solution Inc. (current position)
July 2019
Representative Director and President, WestElectric Power Co., Inc.
September 2020 Director, West Electric Power Co., Inc.
[Attendance at Board of Directors meetings]
12/14 (86%)[Reason for nomination as candidate for Director]
As described in the above summary, the candidate has wide-ranging experience in the operation of the Company’sbusiness. He has served as Representative Director and President of the Company since November 2018 and hasa wealth of experience and insight in management overall. The Company proposes his reelection as a Director
expecting him to further strengthen control and direction of business execution in the future as well.

-5-

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
March 2003

3

Number ofshares of theCompany held(Thousands)

Joined Honebuto Homes Co., Ltd. (currently
West Energy Solution Inc.)
March 2006
Transferred to West Holdings Corporation
Director, House Care Co., Ltd. (currently West
Begin Co., Ltd.)
September 2013 General Manager, Global Energy Business
Operations Division, West Holdings Corporation
November 2019 Seconded to West Energy Solution Inc.
[Reappointment]
General Manager, Control DivisionDecember 2020 Director, West Electric Power Co., Inc.
17
Kenji Araki
Director, West Energy Solution Inc. (current(October 19, 1970)
position)
Executive Officer, West Holdings Corporation
August 2021
Representative Director and President, West
Begin Co., Ltd. (current position)
November 2021 Director, West Holdings Corporation
November 2022 Representative Director and Senior Executive
Officer, West Holdings Corporation (current
position)[Attendance at Board of Directors meetings]
14/14 (100%)[Reason for nomination as candidate for Director]
As described in the above summary, since joining the Company, the candidate has acquired a wealth of operational
experience and extensive insight into the Group’s core businesses, and he is demonstrating outstanding
management capabilities. Currently, he is responsible for overall management as a Representative Director of theCompany, and is also playing a role in leading new business alliances and new business development. The
Company proposes his reelection as a Director expecting him to further strengthen business execution forachieving the sustainable enhancement of its corporate value in the future.

-6-

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
February 1995

4

Number ofshares of theCompany held(Thousands)

Joined West Corporation (currently West Energy
Solution Inc.)
October 1996
Manager, Accounting Dept., West Corporation
February 1998
Manager, Operations Dept., West Corporation
June 1998
Associate Manager, Finance & Accounting
Dept., West Corporation
November 1998 Section Manager, Finance & Accounting Dept.,
West Corporation
September 1999 Assistant General Manager, Finance &[Reappointment]
Accounting Dept., West Corporation
September 2000 General Manager, Finance & Accounting Dept.,
46
Eiji Shiiba
Administration Control Division, West
(September 29, 1967)
Corporation
November 2003 Executive Officer, West Corporation
March 2006
Executive Officer, General Manager, Finance &Accounting Dept., West Holdings Corporation
December 2013 Audit & Supervisory Board Member, West
Energy Solution Inc.
September 2014 Audit & Supervisory Board Member, WestElectric Power Co., Inc.
November 2014 Director, West Holdings Corporation (current
position)[Attendance at Board of Directors meetings]
14/14 (100%)[Reason for nomination as candidate for Director]
As described in the above summary, the candidate has wide-ranging experience in the management of finance andaccounting operations. He has served as a Director of the Company since November 2014 and has a wealth ofexperience and insight, including in the control of the finance and accounting division. The Company proposes
his reelection as a Director expecting him to further strengthen business execution for achieving the sustainableenhancement of its corporate value in the future as well.

-7-

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
January 2008
March 2008
August 2009
March 2011

[Reappointment]
Yoshihisa Goto
(February 15, 1973)

January 2012

April 2015

5
November 2018
December 2020
August 2021
November 2021

6

Joined Suntech Co., Ltd. (currently West GreenPower Co., Ltd.)
Assistant General Manager, Hiroshima Branch,
Suntech Co., Ltd.
General Manager, Takamatsu Branch, Suntech
Co., Ltd.
General Manager, Fukuoka Branch, Suntech
Co., Ltd.
Seconded to West Energy Solution Inc.
Assistant General Manager, Solution
Chugoku/Shikoku Business Dept.
Transferred to West Energy Solution Inc.
Deputy General Manager, Solution West Japan
Business Dept.
Executive Officer, West Energy Solution Inc.
Director, West Energy Solution Inc. (current
position)
Director, West Electric Power Co., Inc.
Director, West Holdings Corporation (current
position)

Number ofshares of theCompany held(Thousands)

5[Attendance at Board of Directors meetings]
14/14 (100%)[Reason for nomination as candidate for Director]
As described in the above summary, since joining the Company, the candidate has served in key positions in thesales division. As a Director of the Company, he plays an important role in the business strategy of the entire
Group. The Company proposes his reelection as a Director expecting him to further strengthen business execution
for achieving the sustainable enhancement of its corporate value in the future.
Representative Director and Senior Executive
November 2007
Officer, West Holdings Corporation
Representative Director and President, West
November 2013
Holdings Corporation
Director, West Begin Co., Ltd.
November 2014
[New appointment]
Representative Director and President, West
September 2016
Energy Solution Inc.
72
Toshihisa Nagashima
Director, West O&M, Inc.
(November 17, 1961)
Adviser, West Holdings Corporation (current
November 2018
position)
President & Representative Director, West
O&M, Inc.
Director, West O&M, Inc. (current position)
September 2023
[Reason for nomination as candidate for Director]
As described in the above summary, the candidate has wide-ranging experience in the operation of the Company’sbusiness. Since November 2018, as an Adviser of the Company, he has played an important role in the businessstrategy of the entire Group. The Company proposes his election as a Director expecting him to further strengthen
control and direction of the Company’s business execution in the future.

-8-

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions

Joined Setouchi Bank, Ltd. (currently Momiji
Bank, Ltd.)
Deputy General Manager, Hiroshima Branch
June 2005(currently Kamiyacho Branch), Momiji Bank,
Ltd.
Senior Researcher, Business Strategy Planning
October 2007
Dept., Yamaguchi Financial Group, Inc.
General Manager, Furue Branch, Momiji Bank,
April 2008
Ltd.
General Manager, Business Promotion Dept.,
April 2010
[New appointment]
Momiji Bank, Ltd.
Deputy General Manager, Compliance & Risk
April 2012－
Toshiyuki Moriyama
Administration Dept., Yamaguchi Financial(June 7, 1960)
Group, Inc.
General Manager, Funairi Branch, Momiji
August 2013
Bank, Ltd.
Joined West Energy Solution Inc.
March 2016
General Manager, Blue Ocean Business Dept.
Director, General Manager, West Energy
September 2016
Solution Inc.
Executive Officer, General Manager, Financial
November 2018
Planning Office and Finance & Accounting
Dept., West Holdings Corporation (current
position)[Reason for nomination as candidate for Director]
As described in the above summary, the candidate has years of experience in the operation of financial institutions.
He is appropriately performing important business execution and decision-making in the finance and accounting
divisions. The Company proposes his election as a Director expecting him to further strengthen business execution
for sustainably enhancing its corporate value.
Joined Suntech Co., Ltd. (currently West Green
April 2011
Power Co., Ltd.)
Director, West Corporation (currently West
December 2013
Green Power Co., Ltd.)[New appointment]
Representative Director and President, WEST
August 2016－
International (Thailand) Co., Ltd. (current
Tomohiro Amano
position)(August 20, 1970)
Director, West Energy Solution Inc.
November 2018
Executive Officer, West Holdings Corporation
November 2022
(current position)[Reason for nomination as candidate for Director]
As described in the above summary, the candidate has been committed to our strategic overseas subsidiary WEST
International (Thailand) Co., Ltd. since its founding, making great contributions to our business in Thailand as
the Representative Director and President since August 2016. The Company proposes his election as a Director
expecting him to further strengthen business execution for sustainably enhancing its corporate value.
April 1984

7

8

Number ofshares of theCompany held(Thousands)

-9-

No.

Name
(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions

Executive Officer, General Manager, Solution
Business Dept., West Energy Solution Inc.
Director, General Manager, West Energy
November 2018
Solution Inc.
[New appointment]
Director, West O&M, Inc.
Executive Officer, West Holdings Corporation－
Akira Naosaki
General Manager, Engineering Works Division,
February
2020(April 14, 1973)
West Energy Solution Inc.
Director, West Begin Co., Ltd.
December 2020
General Manager, WESTFIT Business Dept.,
August 2023
West Energy Solution Inc. (current position)[Reason for nomination as candidate for Director]
As described in the above summary, the candidate has years of experience in the installation of solar power
generation equipment, and has been directing a wide range of installation works, whether it be high or low voltage,
as a responsible person. From this year, he is spearheading the business expansion as a total supervisor of
WESTFIT Business. The Company proposes his election as a Director expecting him to further strengthenbusiness execution for sustainably enhancing its corporate value.
Joined West Holdings Corporation
September 2007
General Manager, General Affairs Dept.
Executive Officer, West Holdings Corporation
July 2010[New appointment](current position)
Audit & Supervisory Board Member, West－
June 2013
Hideshi Nakajima
O&M, Inc.
(September 30, 1964)
General Manager, General Affairs Dept.,
September 2022
Corporate Administration Division, West
Holdings Corporation (current position)[Reason for nomination as candidate for Director]
As described in the above summary, the candidate has controlled the general affairs, personnel and information
systems divisions of the entire Group for many years, performing important business execution behind theCompany’s management. The Company proposes his election as a Director expecting him to further strengthenbusiness execution for sustainably enhancing its corporate value.
April 2018

9

10

Number ofshares of theCompany held(Thousands)- 10 -

No.

Name(Date of birth)

Career summary, positions, responsibilities
and significant concurrent positions
April 1977
November 1990
March 1997

Number ofshares of theCompany held(Thousands)

Joined Fukutoku Bank, Ltd.
Joined Uno Accounting Office Co., Ltd.
Registered as certified public tax accountant(Chugoku Certified Public Tax Accountants’[Reappointment]
Association)[Outside]
July 1998
Established Nakashima Kazuo Tax Accountant－
OfficeKazuo Nakashima
President (current position)(September 15, 1953)
July 2004
Audit & Supervisory Board Member, Koyo
Industries Co., Ltd. (current position)
11
November 2016 Outside Director, West Holdings Corporation(current position)[Attendance at Board of Directors meetings]
14/14 (100%)[Reason for nomination as candidate for Outside Director and expected roles]
As described in the above summary, the candidate has no experience of being directly involved in corporate
management, but is well versed in the art of a certified public tax accountant. In addition, as he serves as anadvisor to various companies, he has management acumen in corporate settings. In addition, having already served
7 years as an Outside Director of the Company, he has provided appropriate opinions from a fair and objective
standpoint. The Company proposes his reelection as an Outside Director expecting him to continue to provide
appropriate guidance in decision-making by the Board of Directors in the future as well.
Notes: 1. There are no special interests between the candidates and the Company.
2. Kazuo Nakashima is a candidate for Outside Director.
The Company has designated him as an independent director pursuant to the rules of the Tokyo
Stock Exchange and registered him as such with the Exchange.
3. Kazuo Nakashima will have served as an Outside Director of the Company for 7 years at theconclusion of this Meeting.
4. Liability limitation agreement with Directors
To enable Directors (excluding executive Directors, etc.) to fully perform the roles expected ofthem, the Company has an agreement that allows them to be exempt from liability within thestatutory limit. The agreement limits Directors’ liability to 1 million yen or the minimum liability
amount stipulated in Article 425, Paragraph 1 of the Companies Act, whichever is higher. The
Company has entered into such an agreement with Kazuo Nakashima, and intends to extend theagreement with him when he is re-elected and appointed as Outside Director.
5. The Company has entered into a directors and officers liability insurance contract with aninsurance company, as stipulated in Article 430-3, Paragraph 1 of the Companies Act. This
insurance policy will cover any damage that may arise due to the insured Directors assuming
liability for the execution of their duties or receiving a claim in pursuit of such liability. Each of
the candidates will be insured under this insurance policy.
The Company plans to renew the insurance policy with the same details at the time of the next
renewal.

- 11 -