Articles of Incorporation(Amended on June 27,2024)

Mitsubishi Logistics Corporation1

Articles of Incorporation of Mitsubishi Logistics Corporation

Chapter 1: General Provisions
Article 1
The name of the Company shall be Mitsubishi Soko Kabushiki Kaisha,
which shall be expressed as “Mitsubishi Logistics Corporation” in English.
Article 2
The Company’s head office shall be located in Chuo-ku, Tokyo, Japan.
Article 3
The Company’s stated purpose shall be to engage in the following businesses.
(1) Warehousing business;(2) Port and harbor transportation business;(3) Overland transportation business;(4) Maritime transportation business;(5) Overland, maritime and air freight forwarding business and agency
business;(6) Overland-maritime-air intermodal transportation business,the handling business and agency business thereof;(7) Customs brokerage business;(8) Packing and wrapping business;(9) Wrapping, labeling and storage business of pharmaceutical product,
quasi-pharmaceutical product, cosmetics and medical device;(10) Sales, purchases and leasing business of transport and cargo-handlingequipment, and agency business thereof;(11) Development, sales and operational management business of logistic
information system;(12) Sales, purchases and leasing business of office equipment;(13) Sales, purchases, leasing, agency and management business of realestate;(14) Contracting, design and supervision business of construction work;(15) Sales, purchases and leasing business of equipment and appliance of
air-conditioning, water supply and drainage, and kitchen equipment
and instrument;2

(16) Management and leasing business of shopping center, sports andrecreational facility and restaurant;(17) Parking lot business;(18) Non-life insurance agency business;(19) Worker dispatching business; and(20) Businesses relating to those mentioned in the preceding items.
Article 4
The Company’s public notices shall be given by electronic public notice.
Provided, however, in cases where it is impossible to give such notices byelectronic public notice due to accidents or other unavoidable circumstances,such notices shall be published in the Nihon Keizai Shimbun newspaper.

Chapter 2: Shares
Article 5
The total number of the Company’s authorized shares shall be two hundred
twenty million (220,000,000) shares.
Article 6
In accordance with Paragraph 2, Article 165 of the Companies Act, theCompany may acquire its own shares through market transactions or othermeans, by resolution of the Board of Directors.
Article 7
The number of shares which will constitute one share unit of the Company
shall be one hundred (100) shares.
Article 8
The holder of shares less than one unit may demand the Company to sellsuch number of shares which will constitute one share unit combined with
the number of shares less than one unit held by such holder (hereinafterreferred to as the "Additional Purchase").
2. Upon demand in the previous paragraph, if the Company does not hold thenumber of shares to sell, the Company may choose not to respond to thedemands in the previous paragraph.

3Article 9
The holder of shares of less than one unit shall not be able to exercise any
rights other than the rights listed below.
(1) The rights listed in the items of Paragraph 2, Article 189 of theCompanies Act;
(2) The right to demand acquisition of shares with put options;(3) The right to receive allotment of shares for subscription or shareoptions for subscription; and(4) The right to demand the Additional Purchase in the previous article.
Article 10The procedures and fees pertaining to the entry or record in the shareholder
register and the share option register, sale and Additional Purchase of sharesless than one unit, and shares and share option shall be subject to the Share
Handling Regulations determined by the Board of Directors.
Article 11
1. The Company shall appoint a shareholder register administrator
2. The shareholder register administrator and the offices thereof shall bedetermined by resolution of the Board of Directors, with public notice givenof these facts.
3. The shareholder register and the share option register shall be maintainedat the shareholder register administrator’s offices, with administrativematters pertaining to the shareholder register and the share option register
entrusted to the shareholder register administrator and not handled by theCompany.
Article 12
1. The Company shall treat the shareholders entered or recorded in the final
shareholder register as of March 31 every year as the shareholders who may
exercise their rights at the ordinary general meeting of shareholders.
2. Where it is so provided in the previous paragraph or other articles of theArticles of Incorporation or if it is necessary, the Company may treat
shareholders or registered pledgees of shares entered or recorded in the final
shareholder register on a fixed date for which public notice is made inadvance as the shareholder or registered pledgees of shares who is entitled toexercise their rights.

4Chapter 3: General Meeting of Shareholders
Article 13
1. An ordinary general meeting of shareholders shall be convened in June ofeach year.
2. A general meeting of shareholders shall be convened at the location of thehead office or in the immediate vicinity.
Article 14
1. A general meeting of shareholders shall be convened by the President of theCompany, who is a Representative Director. If there is no President who is aRepresentative Director in place or the President who is a Representative
Director is unavailable, one of the other Directors shall assume the said duties
in accordance with the order determined in advance by the Board of Directors.
2. At a general meeting of shareholders, the President shall act as chairperson.
If the President is unavailable, one of the other Directors shall assume thesaid duties in accordance with the order determined in advance by the Boardof Directors.
Article 15
1. In convocation of a general meeting of shareholders, the Company shalltake measures for electronic provision of information comprising the contentof reference documents for a general meeting of shareholders, etc.
2. Of the matters to which electronic provision measures apply, the Company
may choose not to record all or part of matters stipulated in the Ordinance ofthe Ministry of Justice in the written documents to be provided to shareholders
who have requested provision of such documents by the record date for voting
rights.
Article 16
Shareholders may exercise their voting rights by appointing one (1) othershareholder with voting rights as proxy.
Article 17
1. Unless otherwise provided for by laws and regulations or in these Articlesof Incorporation, a resolution of a general meeting of shareholders shall beadopted by a majority of the votes of the shareholders present at the meeting
who are entitled to exercise their voting rights.
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2. A resolutions of a general meeting of shareholders in Paragraph 2, Article
309 of the Companies Act shall be adopted by a majority of two-thirds (2/3) ormore of the voting rights of the shareholders at the meeting with a quorum ofone-third (1/3) or more of the total voting rights of the shareholders who areentitled to exercise their voting rights.
Article 18
The business of a general meeting of shareholders shall be entered orrecorded in the minutes together with a summary of the progress and theresults thereof, as well as other matters provided by laws and regulations,and the chairman and the Director present at the meeting shall affix theirnames and seals or perform an electronic signatures to the minutes, and theCompany shall keep the said minutes referred for a period of ten (10) years
at its head office and keep the copies thereof referred for five (5) years at its
branch offices.

Chapter 4: Directors, Board of Directors and Executive Officers
Article 19
The Company shall have not more than eleven (11) Directors.
Article 20
The Company shall have a Board of Directors.
Article 21
1. Directors shall be elected by resolution of a general meeting ofshareholders.
2. Elections of Directors shall require the presence of shareholders holding a
proportion of one-third (1/3) or more of the total voting rights of shareholders
who are entitled to exercise their voting rights at the meeting, and shall not
be by cumulative voting.
Article 22
The term of office of Directors shall expire at the close of the ordinary
general meeting of shareholders for the last business year which ends withinone (1) year from the time of their election

6Article 23
1. The Board of Directors shall appoint one or more Representative
Directors.
2. The Board of Directors may appoint a Chairman of the Board.
Article 24
1. In addition to matters specifically provided by laws and regulations orthese Articles of Incorporation, the Board of Directors shall decide theexecution of important operations.
2. A meeting of the Board of Directors shall be convened by the Chairman ofthe Board, who shall act as chairman. When the post of Chairman of theBoard is vacant or Chairman of the Board is unavailable, one of the otherDirectors shall assume the said duties in accordance with the order
determined in advance by the Board of Directors.
3. Notice to convene a meeting of the Board of Directors shall be dispatchedto each Director and Audit & Supervisory Board Member no later than four(4) days prior to the date of such meeting.
4. A resolution of the board of directors shall be adopted by a majority of theDirectors present at the meeting where the majority of the directors who areentitled to participate in the vote are present.
5. When all Directors agree to a matter to be resolved by the Board ofDirectors in writing or by an electronic or magnetic record, it shall be deemedthat a resolution of the board of directors to pass such matter has been made,provided, however, that this shall not apply in cases if an Audit &Supervisory Board Member states objections thereto.
6. The business of the meeting of the Board of Directors shall be entered orrecorded in the minutes together with a summary of the progress and theresults thereof, as well as other matters provided by laws and regulations,and the Directors and Audit & Supervisory Board Member present at themeeting shall affix their names and seals or perform an electronic signatures
to the minutes and the Company shall keep the minutes referred for a periodof ten (10) years at its head office.
Article 25
The Company may exempt Directors (including persons who were Directors)
from their liabilities by resolutions of the Board of Directors to the extent
permitted by laws and regulations.

7Article 26
1. The Board of Directors shall elect Executive Officers.
2. The Board of Directors shall appoint, among Executive Officers, thePresident and other Executive Officers with special titles.
3. The President shall exercise general control over the full range of business
operations of the Company.

Chapter 5: Audit & Supervisory Board Members and Audit &Supervisory Board
Article 27
The Company shall have not more than five (5) Audit & Supervisory BoardMembers.
Article 28
The Company shall have an Audit & Supervisory Board.
Article 29
1. Audit & Supervisory Board Members shall be elected by resolution of ageneral meeting of shareholders.
2. Elections of Audit & Supervisory Board Members shall require thepresence of shareholders holding a proportion of one-third (1/3) or more of
the total voting rights of shareholders entitled to exercise their voting rights
at the meeting.
Article 30
1. The term of office of Audit & Supervisory Board Members shall expire at
the close of the ordinary general meeting of shareholders for the lastbusiness year which ends within four (4) years from the time of theirelection.
2. The term of office of an Audit & Supervisory Board Member elected to fill avacancy shall expire at the end of the term of office of the Audit &Supervisory Board Member who retired.
Article 31
1. The Audit & Supervisory Board shall appoint full-time Audit &Supervisory Board Members from among the Audit & Supervisory BoardMembers.
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2. The Audit & Supervisory Board may appoint Senior Audit & Supervisory
Board Members from among the full-time Audit & Supervisory Board
Members.
Article 32
1. The Audit & Supervisory Board shall have the authority provided by laws
and regulations, and also may decide matters pertaining to the execution ofthe duties of Audit & Supervisory Board Members, provided, however, thatthe decision above may not preclude Audit & Supervisory Board Members
from exercising their authority.
2. As a general rule, a meeting of the Audit & Supervisory Board shall be
convened by an Audit & Supervisory Board Member determined by the Audit& Supervisory Board, who shall act as chairman.
3. Notices to convene a meeting of the Audit & Supervisory Board shall bedispatched to each Audit & Supervisory Board Member no later than four (4)days prior to the date of such meeting.
4. Unless otherwise provided for by laws and regulations, a resolution of theAudit & Supervisory Board shall be adopted by a majority of the Audit &Supervisory Board Members.
5. The business of the meeting of the Audit & Supervisory Board shall beentered or recorded in the minutes with a summary of the progress and theresults thereof, as well as other matters provided by laws and regulations,and the Audit & Supervisory Board Members present at the meeting shallaffix the names and seals or perform electronic signatures to the minutes,
and the Company shall keep the said minutes referred for a period of ten (10)years at its head office.
Article 33
The Company may exempt Audit & Supervisory Board Members (includingpersons who were Audit & Supervisory Board Members) from their liabilities
by resolutions of the Board of Directors to the extent permitted by laws andregulations.

Chapter 6: Accounting Auditor
Article 34
The Company shall have an accounting auditor (“Accounting Auditor”).
9Article 35
Accounting Auditor shall be elected by resolutions of a general meeting ofshareholders.

Chapter 7: Accounts
Article 36
The business year of the Company shall commence on April 1 of each year
and end on March 31 of the following year.
Article 37
The Company shall distribute Year-end Dividends (referring to moneys
distributed in accordance with Paragraph 1, Article 454 of the Companies
Act; the same shall apply hereafter) to the shareholders or registeredpledgees of shares entered or recorded in the final shareholder register as ofMarch 31 every year.
Article 38
The Company may distribute Interim Dividends (referring to moneys
distributed in accordance with Paragraph 5, Article 454 of the Companies
Act; the same shall apply hereafter) to the shareholders or registeredpledgees of shares entered or recorded in the final shareholder register as of
September 30 every year.
Article 39
If Year-end Dividends or Interim Dividends have not been received within
three (3) full years from the date of commencement of payment thereof, theCompany shall be relieved of the obligation to pay the said dividends.

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