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

Securities identification code: 6507
June 7, 2024

To our shareholders:
Shinichi Hirano
President

SINFONIA TECHNOLOGY CO., LTD.
1-30, Shibadaimon 1-chome, Minato-ku, Tokyo, Japan

Notice of the 100th Ordinary General Meeting of Shareholders
SINFONIA TECHNOLOGY CO., LTD. (the “Company”) is pleased to notify you of the 100th Ordinary General
Meeting of Shareholders of the Company, which will be held as described below.
In convening the Ordinary General Meeting of Shareholders, the Company posted information included in Reference
Documents for the General Meeting of Shareholders (matters for electronic provision measures) on the following websites
as the Company has taken electronic provision measures. Please access the following websites to review the Reference
Documents for the General Meeting of Shareholders.
Our website (in Japanese): https://www.sinfo-t.jp/ir/stockholder/
Website of Tokyo Stock Exchange, Inc. (Listed Company Information Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show
Please enter or search our company name “SINFONIA TECHNOLOGY” or securities code “6507”, select “Basic
information” and “Documents for the public inspection/PR information” and confirm the "Shareholders Meeting
Convocation Notice/Shareholders Meeting Materials" section under "Documents for the public inspection".
Website of Sumitomo Mitsui Trust Bank (Shareholders Meeting Portal®):Please read the QR code in a voting form or access https://www.soukai-portal.net and enter the ID/password specified
in the voting form.
Each website may be temporarily inaccessible due to maintenance or other reasons. If you cannot view the website,please check the other websites listed above or access them again after a short period of time.
Instead of attending the meeting in person, you can exercise your voting rights in writing or via the Internet, and indoing so, please review the attached Reference Documents for the General Meeting of Shareholders and exercise yourvoting rights by 5:30 p.m. on Wednesday, June 26, 2024 (Japan Standard Time).

- 1 -Meeting Details

1. Date and time:
2. Venue:

Thursday, June 27, 2024 at 10:00 a.m. (Japan Standard Time)
Shiba NBF Tower 7F (The Company’s meeting room)
1-30, Shibadaimon 1-chome, Minato-ku, Tokyo, Japan

3. Purposes:
Items to be reported:
1. Business Report and Consolidated Financial Statements for the 100th Term (from April 1, 2023 to March
31, 2024), as well as the results of audit of the Consolidated Financial Statements by the Accounting
Auditor and the Board of Auditors
2. Non-Consolidated Financial Statements for the 100th Term (from April 1, 2023 to March 31, 2024)

Items to be resolved:
Proposal No. 1:
Proposal No. 2:
Proposal No. 3:
Proposal No. 4:

Appropriation of surplus
Partial amendment of Articles of Incorporation
Election of nine (9) Directors
Election of four (4) Corporate Auditors⚫

Please submit a voting form to the reception of the venue when you attend the meeting. If you are attending as a proxy,please submit a letter of proxy together with the voting form to the reception of the venue. (A proxy is limited to one
person who must be a shareholder of the Company with voting rights as provided in the Articles of Incorporation.)⚫

Among the documents provided electronically, the following items are published on the websites stated on thepreceding page on the Internet under the provisions in law and Article 17 of the Articles of Incorporation. Therefore,
they are not included in the documents to be delivered to shareholders. Accordingly, the documents to be delivered
to the shareholders are part of the consolidated financial statements and non-consolidated financial statements
audited when the audit reports were prepared by the Accounting Auditor and the Corporate Auditors.
(1) "Consolidated Statements of Changes in Net Assets of the Consolidated Financial Statements" and"Notes to Consolidated Financial Statements"(2) "Statement of Changes in Net Assets" and "Notes to Non-Consolidated Financial Statements"⚫

In the event of any revision to the matters for electronic provision measures, the information before and after revision will be posted on
the respective websites stated on the preceding page where it is posted.

⚫

Please understand that Directors and employees of the Company will wear light clothes (“Cool Biz”) at the meeting.

- 2 -Proposals and Reference Information

Proposal No. 1

Appropriation of surplus

Under its basic policy to provide dividends in a continuous and stable manner, the Company makes a decision about
profit distribution by taking into account its shareholders’ interests, secure internal reserve to enhance its corporate
structure and deploy its business for the future, and earning position prospect.
The Company hereby proposes the following year-end dividends for the fiscal year.
Matters related to year-end dividends(1) Allocation of dividend property to shareholders and total amount thereof
70 yen per common share of the Company
Total amount of dividends: 1,985,341,190 yen(2) Effective date of distribution of dividends of surplus
June 28, 2024

- 3 -

Proposal No. 2
1.

Partial amendment of Articles of Incorporation

Reason for Amendment
In order to enable the Company to invite useful and diverse human resources and to create an environment in which they
can fully demonstrate their expected roles, Article 41, Paragraph 2 of the current Articles of Incorporation shall be partiallyamended to allow the Company to enter into a limited liability agreement with a Corporate Auditor who is not an Outside
Corporate Auditor.

2.

Details of Amendment
The details of the amendment shall be as follows.
(The underlined portions indicate amendments.)
Current Articles of Incorporation

Proposed Amendment(Exemption from Liability of Corporate Auditor)(Exemption from Liability of Corporate Auditor)

Article 41 (Text Omitted)

Article 41 (According to the Current Articles of2.

Pursuant to Article 427, Paragraph 1 of theIncorporation)

Companies Act, the Company may enter into an

2.

Pursuant to Article 427, Paragraph 1 of theagreement with an Outside Corporate Auditor toCompanies Act, the Company may enter into anlimit its liability for compensation due toagreement with a Corporate Auditor to limit its

negligence of its duties; provided, however, thatliability for compensation due to negligence of its

the maximum amount of liability based on suchduties; provided, however, that the maximum

agreement shall be the amount stipulated by laws

amount of liability based on such agreement shalland regulations.

be the amount stipulated by laws and regulations.

- 4 -Proposal No. 3

Election of nine (9) Directors

The term of all nine (9) Directors expires at the close of this General Meeting of Shareholders. Accordingly,
the Company proposes that nine (9) Directors be elected.
The candidates for Directors are as follows:
No.

Name

Positions and responsibilities in the Company

1

Shozo Buto

Chairman
General supervisor of the Research & Development
CenterReelection

2

Shinichi Hirano

President

Reelection

3

Minoru Yamakuni

4

Katsuyuki Sakamoto

5

Hiroharu Senju

6

Takaichi Hatano

7

Tatsunobu Sako

Outside Director

Reelection

OutsideIndependent

8

Jun Fujioka

Outside Director

Reelection

OutsideIndependent

9

Akiko Fujioka

Outside Corporate AuditorNewelection

OutsideIndependent

Director & Senior Managing Executive Officer
General Manager of Electronics & Precision
Products Division
Director & Senior Officer
Responsible for the Headquarters Division, incharge of the Auditing Department, General Affairs
and Human Resources Department, Legal
Department, company-wide compliance andcompany-wide risk management
Director & Senior Officer
General Manager of the Electrical Products &Systems Division in charge of Social Infrastructure
System business, responsible for Sales Operations
Administration Department and sales companies,
branches, and sales offices
Director & Senior Officer
General Manager of Clean Transport System
Division

Reelection

Reelection

Reelection

Reelection

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

Reelection

Candidate for Director to be reelected

New election

Candidate for Director to be newly elected

OutsideIndependent

Candidate for Outside Director
Independent officer as provided for by the stock exchanges- 5 -CandidateNo.

1

Shozo Buto

Reelection(July 19, 1947)

Career summary, positions and responsibilities, and significant concurrent positions outside the Company
April 1970
June 2003
June 2005
June 2007
June 2009

Joined the Company
Director of the Company
Managing Director of theCompany
Senior Managing Director of theCompany
President of the Company

June 2015
June 2019

Chairman of the Company(present position)
General supervisor of the
Research & Development Centerof the Company (present
position)[Reasons for nomination as candidate for Director]
Number of the Company’s shares Mr. Buto has led the Company’s management as President since June 2009, and in June 2015 he was appointed
owned
as Chairman. In his role as Director, he has contributed to the reinforcement of the supervisory function and
46,000securing of the effectiveness of the Board of Directors. The Company proposes his continued election as Director
Attendance at Board of Directors’ after determining he is qualified to make contributions to the supervision of business execution and perpetualenhancements in corporate value by utilizing his wealth of experience and knowledge.
Meetings:
15/15 (100%)

CandidateNo.

２

Shinichi Hirano(May 2, 1955)

Reelection

Career summary, positions and responsibilities, and significant concurrent positions outside the Company
April 1978
June 2012
June 2016
June 2017
June 2019

Joined the Company
Officer of the Company
Senior Officer of the Company
Director of the Company
Senior Managing Executive
Officer of the Company

November 2021 Representative Director of theCompany
April 2022
President of the Company(present position)[Reasons for nomination as candidate for Director]
After managing the Company as a person in charge of a business division, in April 2022 Mr. Hirano assumed the
Number of the Company’s shares position of President of the Company, through which he has led management to achieve sustainable growth inour corporate value. The Company proposes his continued election as Director after determining he is qualified
owned
to make contributions to the supervision of business execution and perpetual enhancements in corporate value
33,200Attendance at Board of Directors’ by utilizing his wealth of experience and knowledge.
Meetings:
15/15 (100%)- 6 -Candidate
No.

3

Minoru Yamakuni (October 21, 1963)

Reelection

Career summary, positions and responsibilities, and significant concurrent positions outside the Company
April 1987
April 2020
April 2022
April 2022

Joined the Company
Officer of the Company
Senior Officer of the Company
General Manager of theElectronics & Precision Products
Division (present position)

June 2022
April 2024

Director of the Company (present
position)
Senior Managing Executive
Officer of the Company (present
position)[Reasons for nomination as candidate for Director]
Number of the Company’s shares Mr. Yamakuni is currently contributing to the Company as Director in charge of realizing the Company’s
ownedbusiness strategy, following his contribution to management as an Officer. The Company proposes his continued
9,200
election as Director after determining he is qualified to make contributions to the supervision of business
Attendance at Board of Directors’ execution and perpetual enhancements in corporate value by utilizing his wealth of experience and knowledge.
Meetings:
15/15 (100%)

CandidateNo.

4

Katsuyuki Sakamoto (April 24, 1969)

Reelection

Career summary, positions and responsibilities, and significant concurrent positions outside the Company
April 1993
June 2018
June 2018

Joined the Company
Officer of the Company
Director and in charge of generalrisk management of the Company(present position)

April 2021

April 2024

Senior Officer, in charge of the
Audit Department of theCompany (present position)
Responsible for the Headquarters
Division and in charge of the
Administrative & Personnel
Department, Legal Department,
Company-wide Compliance of theCompany (present position)

Number of the Company’s shares
owned
19,600[Reasons for nomination as candidate for Director]
Attendance at Board of
Directors’ Meetings:
15/15 (100%)

Mr. Sakamoto is currently contributing to the Company as Director in charge of realizing its financial strategy
and playing a key role in management aimed at strengthening the management base following his work in the
Accounting Department. The Company proposes his continued election as Director after determining he isqualified to make contributions to the supervision of business execution and perpetual enhancements in corporate
value by utilizing his wealth of experience and knowledge.

- 7 -Candidate
No.

5

Hiroharu Senju(December 15, 1965)

Reelection

Career summary, positions and responsibilities, and significant concurrent positions outside the Company
April 1990
June 2019
June 2021
April 2022

Joined the Company
Officer of the Company
Director of the Company (present
position)
Senior Officer, General Managerof the Electrical Products &Systems Division and responsible
for the Sales Operations
Administration Department, sales
companies, branches, and sales
offices of the Company (present
position)

April 2024

In charge of Electrical Products &Systems Division, Social
Infrastructure System business of
the Company (present position)

Number of the Company’s shares
owned[Reasons for nomination as candidate for Director]
6,900
Mr. Senju is currently contributing to the Company as Director in charge of realizing the Company’s business
Attendance at Board ofstrategy, following his contribution to management as an Officer. The Company proposes his continued election
as Director after determining he is qualified to make contributions to the supervision of business execution and
Directors’ Meetings:
perpetual enhancements in corporate value by utilizing his wealth of experience and knowledge.
15/15 (100%)

CandidateNo.

６

Takaichi Hatano(December 25, 1963)

Reelection

Career summary, positions and responsibilities, and significant concurrent positions outside the Company
April 1987
July 2002

Joined the Company
Joined Assist Shinko Co., Ltd.
(currently, Murata Machinery,
Ltd.)
January 2004
Joined STMicroelectronics
December 2007 Joined Asyst Technologies Inc.
December 2009 Joined the Company

April 2020
April 2022
June 2022
October 2022

Officer of the Company
Senior Officer of the Company(present position)
Director of the Company (present
position)
General Manager of Clean
Transport System Division of theCompany (present position)

Number of the Company’s shares [Reasons for nomination as candidate for Director]
owned
Mr. Hatano is currently contributing to the Company as Director in charge of realizing the Company’s business
5,700
strategy, following his contribution to management as an Officer. The Company proposes his continued election
Attendance at Board of Directors’ as Director after determining he is qualified to make contributions to the supervision of business execution andperpetual enhancements in corporate value by utilizing his wealth of experience and knowledge.
Meetings:
15/15 (100%)- 8 -CandidateNo.

7

Tatsunobu Sako

Reelection(August 21, 1952)

OutsideIndependent

Career summary, positions and responsibilities, and significant concurrent positions outside the Company
April 1975
April 2006
April 2008
March 2013
April 2013
June 2013
June 2019
Number of the Company’s shares
owned
0Joined Nissho Iwai Corporation(currently, Sojitz Corporation)
Officer of Sojitz Corporation
Senior Officer of Sojitz
Corporation
Retired from Sojitz Corporation
Advisor of Sojitz Machinery
Corporation
President of Sojitz Machinery
Corporation
Chairman of Sojitz Machinery
Corporation

April 2020

June 2022
May 2023
July 2023

President of Sojitz Machinery
Holdings Co., Ltd. (currently,
Sojitz Machinery Corporation)
Chairman of Sojitz Machinery
Corporation
Outside Director of the Company(part-time) (present position)
Outside Director of Minth Group
Limited (present position)
Advisor of Sojitz Machinery
Corporation (chairman) (present
position)[Reasons for nomination as an Outside Director and overview of expected role]

Attendance at Board of Directors’
The Company proposes the election of Mr. Sako as Outside Director with the expectation that he will be able toMeetings:
provide supervision of overall management and effective recommendations that ensure the appropriateness and15/15 (100%)validity of decision making based on his broad knowledge and wealth of experience as a corporate manager in
an industry different from that of the Company. If Mr. Sako is elected, he will engage in dealing with original
proposals on the election of and compensation for the Directors and others of the Company from an objective
and neutral standpoint. Mr. Sako is currently one of the Company’s Outside Directors and will have been in this position for
two (2) years at the conclusion of this Ordinary General Meeting of Shareholders.

CandidateNo.

8

Jun Fujioka

Reelection(March 3, 1951)

OutsideIndependent

Career summary, positions and responsibilities, and significant concurrent positions outside the Company
April 1976
October 1999

June 2002

June 2005

Number of the Company’s shares April 2008
owned
0
Attendance at Board of Directors’ June 2008
Meetings:
14/15 (93.3%)
June 2011

Joined Kobe Steel, Ltd.
Executive Officer of KOBELCOCONSTRUCTION MACHINERYCO., LTD.
Director and Executive Officer of
KOBELCO CONSTRUCTION
MACHINERY CO., LTD.
Managing Executive Officer of
KOBELCO CONSTRUCTION
MACHINERY CO., LTD.
Senior Managing Executive
Officer of KOBELCOCONSTRUCTION MACHINERYCO., LTD.
Director, Senior Managing
Executive Officer of KOBELCOCONSTRUCTION MACHINERYCO., LTD.
President, CEO and
Representative Director of
KOBELCO CONSTRUCTION
MACHINERY CO., LTD.

April 2016

June 2018

June 2020
June 2023

Senior Advisor of KOBELCOCONSTRUCTION MACHINERYCO., LTD.
Retired as Senior Advisor of
KOBELCO CONSTRUCTION
MACHINERY CO., LTD.
Outside Corporate Auditor of theCompany (part-time)
Outside Director of the Company(part-time) (present position)[Reasons for nomination as an Outside Director and overview of expected role]
The Company proposes the election of Mr. Fujioka as Outside Director with the expectation that he will be able
to provide supervision of overall management and effective recommendations that ensure the appropriatenessand validity of decision making based on his broad knowledge and wealth of experience as a corporate manager
in the manufacturing industry. If Mr. Fujioka is elected, he will engage in dealing with original proposals on theelection of and compensation for the Directors and others of the Company from an objective and neutral
standpoint. Mr. Fujioka is currently one of the Company’s Outside Directors and will have been in this position for one (1) year
at the conclusion of this Ordinary General Meeting of Shareholders.

- 9 -CandidateNo.

９

Akiko Fujioka

New election(October 3, 1971)

OutsideIndependent

Career summary, positions and responsibilities, and significant concurrent positions outside the Company
April 2000

April 2004

August 2004
Number of the Company’s shares
owned
100

Full-time Lecturer, Ryukoku
University, Faculty of Business
Administration, Department of
Business Administration
Assistant Professor, Ryukoku
University, Faculty of Business
Administration, Department of
Business Administration
Guest Researcher, Stockholm
University, Business School

April 2007

April 2015

June 2023

Associate Professor, Ryukoku
University, Faculty of Business
Administration, Department of
Business Administration
Professor, Ryukoku University,
FacultyofBusiness
Administration, Department of
Business Administration (present
position)
Outside Corporate Auditor of theCompany (part-time) (present
position)

Attendance at Board of Directors’ [Reasons for nomination as an Outside Director and overview of expected role]
Meetings:
The Company proposes the election of Ms. Fujioka as Outside Director with the expectation that she will be able
11/11 (100%)to provide supervision of overall management and effective recommendations that ensure the appropriatenessand validity of decision making t based on her advanced knowledge and insight as an academic expert although
she has no direct experience of being involved in corporate management in the past by means other than being
an outside director, Ms. Fujioka is currently one of the Company’s Outside Corporate Auditors and will havebeen in this position for one (1) year at the conclusion of this Ordinary General Meeting of Shareholders.

Notes:
1.
2.

3
4.

5.

6.

7.

There is no special interest between the candidates and the Company.
Mr. Jun Fujioka retired as Auditor at the termination of the 99th Ordinary General Meeting of Shareholders held on June 29,2023 and was newly elected and assumed office at the same General Meeting. Therefore, his attendance at Board of Directors’
meetings as the Director and the Auditor is listed.
Ms. Akiko Fujioka was newly elected and assumed office at the 99th Ordinary General Meeting of Shareholders held on June29, 2023. Therefore, her attendance at Board of Directors’ meetings held after she assumed office is listed.
Mr. Tatsunobu Sako, Mr. Jun Fujioka and Ms. Akiko Fujioka are candidates for Outside Director. The Company has submitted
notification to Tokyo Stock Exchange, Inc. that Mr. Tatsunobu Sako, Mr. Jun Fujioka and Ms. Akiko Fujioka have been
designated as Independent Officers based on the regulations of Tokyo Stock Exchange, Inc., and if their election is approved,
the Company plans to continue to designate them as Independent Officers.
The Company has entered into an agreement with each of Mr. Tatsunobu Sako, Mr. Jun Fujioka, and Ms. Akiko Fujioka that
limits their respective liability with the Company pursuant to Article 423, Paragraph 1 of the Companies Act, and the maximum
amount of liability under the said agreement is the minimum liability amount as provided in laws and ordinances. If their election
is approved, the Company plans to renew the above limited liability agreements with them.
The Company has concluded a directors and officers liability insurance agreement provided for in Article 430-3, Paragraph 1 of
the Companies Act with an insurance company. The directors and officers liability insurance agreement, which is renewed
annually, is an insurance policy under which an insurance company covers damages suffered by the insureds, including theCompany’s Directors and the Auditors, that may arise from the liabilities for the execution of their duties or arise from a claim
filed against them that pursues such liabilities. In the case that the Company pursues the liabilities for damages against theinsureds, the coverage of such a case is exempted under the directors and officers liability insurance agreement. Meanwhile, thedirectors and officers liability insurance agreement ensures the appropriateness of the insureds’ execution of duties not to be
impaired by way of establishing a co-payment amount. If the candidates are elected and assume office as Directors, they will
become the insureds under the directors and officers liability insurance agreement.
The name of Akiko Fujioka in the family register is Akiko Murakami.

- 10 -

Proposal No. 4

Election of four (4) Corporate Auditors

As the term of office of all of the Corporate Auditors (four) will expire at the conclusion of this Ordinary General Meeting of
Shareholders, the Company proposes the election of four (4) Corporate Auditors. The Board of Auditors consents to the submissionof this proposal.
The candidate for Corporate Auditor is as follows:

Position in Our Company

No.

Name

1

Satoru Hori

Corporate Auditor

Reelection

2

Kenji Ohnishi

Outside Corporate Auditor

Reelection

３

Koichi Yuikawa

Outside Director

New election

４

Kayo Tamura

New election- 11 -

OutsideIndependent

OutsideIndependent

CandidateNo.

1

Satoru Hori

Reelection(October 19, 1955)

Career summary and positions, and significant concurrent positions outside the Company
April 1981
June 2014

April 2021

Joined the Company
Officer, General Manager of the
Procurement Center, and General
Manager of Toyohashi
Procurement Department, theProcurement Center, of theCompany
Associate of the Company, andAssistant to the President (parttime)

June 2021

Corporate Auditor of theCompany (full-time) (present
position)

Number of the Company’s shares
owned
19,400Attendance at Board of Directors’Meetings:
15/15 (100%)
Attendance at Board of Auditors’Meetings:
15/15 (100%)

CandidateNo.

2[Reasons for nomination as candidate for Corporate Auditor]
As Mr. Hori has worked in the technology and procurement sectors and served as Officer of the Procurement
Department, he has a variety of knowledge in corporate analysis as well as technology of the Company.
The Company proposes his continued election as Corporate Auditor with the expectation that he will be able tomonitor overall management of the Company and provide effective advice, utilizing his knowledge.

Kenji Ohnishi

Reelection(April 1, 1955)

OutsideIndependent

Career summary and positions, and significant concurrent positions outside the Company
April 1977
April 1994
June 2007
June 2010
June 2013

Number of the Company’s shares
owned
3,000
Attendance at Board of Directors’Meetings:
15/15 (100%)
Attendance at Board of Auditors’Meetings:
15/15 (100%)

June 2015

Joined SHINSHO Corporation
President of SHINSHO(MALAYSIA) SDN. BHD.
Officer of SHINSHO Corporation
Senior Officer of SHINSHO
Corporation
Senior Officer of SHINSHO
Corporation,
Representative Director &President of KOBELCO
TRADING (SHANGHAI) CO.,LTD.
Director & Executive Officer of
SHINSHO Corporation

June 2017

June 2018
June 2018
June 2019
June 2020
June 2020

Representative Director &Executive Officer of SHINSHO
Corporation
Advisor of SHINSHO
Corporation
Director of MATSUBO
Corporation
Retired as Advisor of SHINSHO
Corporation
Retired as Director of
MATSUBO Corporation
Outside Corporate Auditor of theCompany (full-time) (present
position)[Reasons for nomination as candidate for Outside Corporate Auditor]
The Company proposes continued election of Mr. Ohnishi as Outside Corporate Auditor with the expectationthat he will be able to provide supervision of overall management and effective recommendations based on his
broad knowledge and wealth of experience as a corporate manager. Mr. Ohnishi is currently one of theCompany’s Outside Auditors and will have been in this position for four (4) years at the conclusion of thisOrdinary General Meeting of Shareholders.

- 12 -

Candidate
No.

3

Koichi Yuikawa

New Election(September 15, 1948)

Career summary and positions, and significant concurrent positions outside the Company
April 1971

Joined Fukui Seiren Kako Co.,
Ltd. (currently, SEIREN Co.,Ltd.)
Officer of SEIREN Co., Ltd.
Director and Officer of SEIREN
Co., Ltd.
Director and Senior Officer of
SEIREN Co., Ltd.
Director and Executive Officer of
SEIREN Co., Ltd.
Representative Director andExecutive Vice President of
SEIREN Co., Ltd.

June 2003
June 2005
June 2006
June 2010
Number of the Company’s shares June 2011
owned
1,200
Attendance at Board of Directors’Meetings:
15/15 (100%)

June 2014
June 2018
June 2019

June 2020
June 2022

Representative Director, President
and COO of SEIREN Co., Ltd.
Full-time Advisor of SEIREN Co.,Ltd.
Outside Director of KASAI
KOGYO CO., LTD (present
position)
Part-time Advisor of SEIREN Co.,
Ltd. (present position)
Outside Director of the Company(part-time) (present position)[Reasons for nomination as candidate for Corporate Auditor]
The Company proposes the election of Mr. Yuikawa as Corporate Auditor with the expectation that he will beable to provide supervision of overall management and effective recommendations based on his broad knowledge
and wealth of experience as a corporate manager. Mr. Yuikawa is currently one of the Company’s Outside
Directors and will have been in this position for two (2) years at the conclusion of this Ordinary General Meetingof Shareholders.

CandidateNo.

4

Kayo Tamura(August 3, 1977)

New election

OutsideIndependent

Career summary and positions, and significant concurrent positions outside the Company
October 2005

Admitted as an attorney-at-law
in Japan (present position)
October 2005
Joined Tajima Masahiro Law
OfficeNovember 2009 Joined Tsuji Makoto Law Office(present position)[Reasons for nomination as candidate for Outside Corporate Auditor]
The Company proposes the election of Ms. Tamura as Outside Corporate Auditor with the expectation that she
will be able to provide audit and effective recommendations from an objective standpoint based on her advanced
knowledge in laws and regulations as a lawyer. Although she has no direct experience of being involved in
Number of the Company’s shares corporate management, the Company believes she will be able to appropriately perform her duties as an Outside
Corporate Auditor.
owned0- 13 -

Notes:1.

There is no special interest between the candidate and the Company.

2.

Mr. Kenji Ohnishi and Ms. Kayo Tamura are candidates for Outside Corporate Auditors. The Company has notified the Tokyo
Stock Exchange, Inc. of the appointment of Mr. Ohnishi as an Independent Officer based on the provisions of the Tokyo Stock
Exchange, Inc. and if his election is approved, he will continue to be an Independent Officer. If the election of Ms. Tamura isapproved, the Company plans to notify the Tokyo Stock Exchange, Inc. of her appointment as a new Independent Officer.

3.

Although Mr. Koichi Yuikawa is currently an Outside Director of the Company and therefore does not satisfy the requirements of
Outside Auditors prescribed in the Companies Act, he is practically independent from the Company, and we expect that he will beable to provide supervision of overall management and effective recommendations from an objective standpoint equivalent to thatof an Independent Officer.

4.

The Company has entered into agreements with Mr. Ohnishi and Mr. Yuikawa that limit their liability pursuant to Article 423,
Paragraph 1 of the Companies Act, and the maximum amount of liability under the agreements is the minimum liability amount asprovided in laws and ordinances. If the election of Mr. Ohnishi is approved, the Company plans to continue with the agreement
above with him. If the election of Ms. Tamura is approved, the Company plans to enter into an agreement with her that limits her
liability in the same manner. Further, the election of Mr. Hori and Mr. Yuikawa is approved, the Company plans to enter into
agreements that limit their liability, provided that the Proposal No. 2 is approved as originally proposed.

5.

The Company has concluded a directors and officers liability insurance agreement provided for in Article 430-3, Paragraph 1 of theCompanies Act with an insurance company. The directors and officers liability insurance agreement, which is renewed annually, is
an insurance policy under which an insurance company covers damages suffered by the insureds, including the Company’s Directors
and Corporate Auditors that may arise from the liabilities for the execution of their duties or arise from a claim filed against themthat pursues such liabilities. In the case that the Company pursues the liabilities for damages against the insureds, the coverage ofsuch a case is exempted under the directors and officers liability insurance agreement. Meanwhile, the directors and officers liability
insurance agreement ensures the appropriateness of the insureds’ execution of duties not to be impaired by way of establishing a
co-payment amount. If the candidates are elected and assume office as Corporate Auditors, they will become the insureds under the
directors and officers liability insurance agreement.

6.

Mr. Yuikawa who is an Outside Director of KASAI KOGYO CO.,LTD plans to retire from the position upon the close of theordinary shareholders’ meeting of KASAI KOGYO CO.,LTD to be held in June 2024.

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(Reference) Skills matrix of candidates for Directors and Corporate Auditors after appointment
The composition of Directors and Corporate Auditors if Proposals 3 and 4 are approved as proposed at this Ordinary
General Meeting of Shareholders is as follows:
Areas where the Company has particular expectations

Name

Independent

Corporate
TechnolSales/Market
Businessmanageogy and-ing
strategy
ment
R&D

Shozo Buto✓✓

Shinichi Hirano

✓

✓

✓

✓

✓

Global✓Directors

Minoru Yamakuni✓

Katsuyuki Sakamoto✓

Hiroharu Senju

✓

✓

✓

Takaichi Hatano

✓

✓

✓

✓

✓

Tatsunobu Sako

Outside/Independent✓

Jun Fujioka

Outside/Independent✓

Akiko Fujioka

Outside/Independent✓

Auditors

Outside/Independent

Koichi Yuikawa
Kayo Tamura✓✓

Outside/Independent

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓

✓
✓

Satoru Hori
Kenji Ohnishi

✓

Legal
Finance/ affairs/
AccountRiskingmanagement* The above table does not represent all of the knowledge and experience possessed by each director and auditor, but lists a
maximum of three areas where the Company has particular expectations of each director and auditor.

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