Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event ofany discrepancy between this translated document and the Japanese original, the original shall prevail.

(Securities Code: 7856)
Date of sending by postal mail: January 4, 2024
Start date of measures for electronic provision: December 28, 2023
To our shareholders:Kazushi Asano
Representative Director and President

Hagihara Industries Inc.
1-4, Nakadori, Mizushima, Kurashikishi, Okayama

Notice of the 61st Annual General Meeting of Shareholders
We are pleased to announce the 61st Annual General Meeting of Shareholders of Hagihara Industries Inc.
(the “Company”), which will be held as indicated 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 on the following websites. Please access any of the websites to view theinformation.
The Company’s website:
https://www.hagihara.co.jp/ (in Japanese)(From the above website, select “Investor Relations,” and then “General Meeting of Shareholders.”)
Website for posted informational materials for the general meeting of shareholders:
https://d.sokai.jp/7856/teiji/ (in Japanese)
Tokyo Stock Exchange (TSE) website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(Access the TSE website by using the internet address shown above, enter “Hagihara Industries” in “Issue
name (company name)” or the Company’s securities code “7856” in “Code,” and click “Search.” Then,click “Basic information” and select “Documents for public inspection/PR information.” Under “Filedinformation available for public inspection,” click “Click here for access” under “[Notice of General
Shareholders Meeting /Informational Materials for a General Shareholders Meeting].”)If you do not attend the meeting, you can exercise your voting rights via the internet or in writing (viapostal mail). Please review the Reference Documents for the General Meeting of Shareholders and exercise
your voting rights by 5:30 p.m. on Tuesday, January 23, 2024 (JST).

-1-1. Date and Time:

Wednesday, January 24, 2024, at 10:00 a.m. (JST)

2. Venue:

Ivy Emerald Hall, Kurashiki Ivy Square
7-2, Honmachi, Kurashiki-shi, Okayama, Japan

3. Purpose of the Meeting:
Matters to be reported
1. The Business Report and the Consolidated Financial Statements for the 61stfiscal year (from November 1, 2022 to October 31, 2023), and the results ofaudits of the Consolidated Financial Statements by the Financial Auditor andthe Audit & Supervisory Board
2. The Non-consolidated Financial Statements for the 61st fiscal year (fromNovember 1, 2022 to October 31, 2023)
Matters to be resolved
Proposal No. 1: Appropriation of Surplus
Proposal No. 2: Election of Three (3) Audit & Supervisory Board Members
4. Matters Decided Regarding the Convocation:(1) If you exercise your voting rights multiple times via the internet, only the most recent exercise
of voting rights shall be deemed valid.
(2) When voting, each proposal in the voting form you do not mark shall be deemed as a vote ofapproval.
(3) When voting rights are exercised in duplicate, both via the internet and in writing, the vote via
the internet shall be deemed valid, regardless of dates of arrival.
(4) If you diversely exercise your voting rights, you are requested to notify the Company in writing
or by electromagnetic means of your intention to do so and state the reason for this no later than
three (3) days before the meeting.

 When you attend the meeting, you are kindly requested to present the enclosed voting form at the reception.
 If revisions to the items subject to measures for electronic provision arise, a notice of the revisions and the details of theitems before and after the revisions will be posted on each of the websites on the previous page.
 In accordance with a revision of the Companies Act, in principle you are to check items subject to measures for electronic
provision by accessing any of the websites on the previous page, and we have decided to deliver paper-based documents
stating the items only to shareholders who request the delivery of paper-based documents by the record date. However, forthis general meeting of shareholders, we have delivered paper-based documents stating the items subject to measures forelectronic provision to all shareholders, regardless of whether or not they have requested them.
Among the items subject to measures for electronic provision, in accordance with the provisions of laws and regulations
and Article 15, paragraph 2 of the Company’s Articles of Incorporation, the following items are not provided in the paperbased documents to be delivered.
i)“Notes to the Consolidated Financial Statements”ii) “Notes to the Non-consolidated Financial Statements”
Consequently, Consolidated Financial Statements and Non-consolidated Financial Statements stated in the paper-based
documents to be delivered consist of part of the Consolidated Financial Statements, Non-consolidated Financial
Statements and other documents that were audited by the Audit & Supervisory Board Members and the Financial Auditor
in preparing their audit reports.

-2-Reference Documents for the General Meeting of Shareholders
Proposals and references
Proposal No. 1: Appropriation of Surplus
The Company recognizes increasing the return of profit to its shareholders as a key management priority,and it maintains a basic policy of paying stable dividends while giving comprehensive consideration tomatters including the Company’s business performance trends and financial position. Accordingly, itproposes the payment of year-end dividends and other appropriation of surplus as follows:
1. Year-end dividendsi)

Type of dividend property
To be paid in cash.

ii) Allotment of dividend property and their aggregate amountThe Company proposes to pay a dividend of ¥25 per common share of the Company.
In this event, the total dividends will be ¥345,647,550.
iii) Effective date of dividends of surplus
The dividends will take effect on January 25, 2024.
2. Other appropriation of surplusi)

Item of surplus to be increased and amount of increase
General reserve: ¥300,000,000ii) Item of surplus to be decreased and amount of decrease
Retained earnings brought forward: ¥300,000,000-3-

Proposal No. 2: Election of Three (3) Audit & Supervisory Board Members
The terms of office of all three (3) Audit & Supervisory Board Members will expire at the conclusion ofthis meeting. Therefore, the Company proposes the election of three (3) Audit & Supervisory BoardMembers.
In addition, the consent of the Audit & Supervisory Board has been obtained for this proposal.
The candidates for Audit & Supervisory Board Member are as follows:

CandidateNo.

Name

Position in the Company

1Hideki Saika

Senior Staff assigned to Division Manager of Supporting
DivisionNew election

Reelection
2Tatsuhiko Ishii

Outside Audit & Supervisory Board Member

OutsideIndependent
Reelection

3

Koji Miyake

Outside Audit & Supervisory Board Member

OutsideIndependent

Reelection
OutsideCandidate for Audit & Supervisory
Board Member to be reelected
Candidate for Outside Audit &Supervisory Board Member

New election
Independent-4-

Candidate for Audit & Supervisory Board
Member to be newly elected
Independent officer as defined by Tokyo
Stock Exchange, Inc.CandidateNo.

Name(Date of birth)

Hideki Saika(December 1, 1967)
1

Career summary and position in the Company(Significant concurrent positions outside the Company)
Jun. 1997

Joined the Company

Nov. 2009Manager of General Affairs and Human
Resources Section of General Affairs
Department of Supporting DivisionNov. 2011

Manager of Material Section of Plastics
Business DivisionFeb. 2015

Manager of Office of Internal Audit

Nov. 2017Manager of Information System Section ofSupporting DivisionNov. 2019

Manager of Legal Affairs Section of General
Affairs Department of Supporting DivisionNov. 2022

Expert Staff assigned to Division Manager ofSupporting DivisionApr. 2023

Senior Staff assigned to Division Manager ofSupporting Division (present)

Number of theCompany’s
shares owned

10,000Reason for nomination as a candidate for Audit & Supervisory Board Member
Hideki Saika has knowledge in internal management and audit from having served in management in
Supporting Division and experience in Internal Audit Division. Accordingly, believing him capable ofappropriately carrying out audit and supervisory duties based on his insight, the Company nominates him as acandidate for Audit & Supervisory Board Member.
Tatsuhiko Ishii(March 9, 1952)
2Registered as an attorney at law (OkayamaBar Association) (present)

Jan. 2012

Audit & Supervisory Board Member of theCompany (present)–Reason for nomination as a candidate for Outside Audit & Supervisory Board Member
Tatsuhiko Ishii is an attorney at law and the Company deems him capable of further strengthening thecompliance supervising functions based on his abundant legal experience. Accordingly, the Company
nominates him as a candidate for Outside Audit & Supervisory Board Member.

Koji Miyake(April 18, 1957)
3Apr. 1980

May 1987

Registered as a certified public tax
accountant (Kurashiki Branch, Chugoku
Certified Public Tax Accountants’Association) (present)

Nov. 1991

Director of Koji Miyake Certified Tax
Accountant Office

Aug. 2014

Representative Partner of Miyake Tax
Accountancy Corporation (present)

Jan. 2016

Audit & Supervisory Board Member of theCompany (present)

2,000

Reason for nomination as a candidate for Outside Audit & Supervisory Board Member
Koji Miyake is a tax accountant and has abundant expertise and experience related to finance and accounting,and the Company deems him capable of supervising the Company’s management based on his insight.
Accordingly, the Company nominates him as a candidate for Outside Audit & Supervisory Board Member.
Notes:

1. There is no special interest between any of the candidates and the Company.
2. Tatsuhiko Ishii and Koji Miyake are candidates for Outside Audit & Supervisory Board Member.
3. Tatsuhiko Ishii and Koji Miyake are currently Outside Audit & Supervisory Board Members of the Company,
and at the conclusion of this meeting, their terms of office will have been twelve (12) years and eight (8) years,respectively.
4. Pursuant to the provisions of Article 427, paragraph (1) of the Companies Act, the Company has entered intoagreements with Tatsuhiko Ishii and Koji Miyake to limit their liability for damages under Article 423, paragraph(1) of the same act to the minimum liability amount provided for by Article 425, paragraph (1) of the act. If theirreelection is approved, the Company plans to renew the aforementioned agreements with them. If the election ofHideki Saika is approved, the Company plans to enter into the aforementioned agreement with him.
5. The Company has submitted notification to Tokyo Stock Exchange, Inc. that Tatsuhiko Ishii and Koji Miyake
have been appointed as independent officers as provided for by the said exchange. If their reelection is approved,
the Company plans for their appointment as independent officers to continue.
6. The Company has entered into a directors and officers liability insurance policy (an insurance policy as provided
for in Article 430-3, paragraph (1) of the Companies Act) with an insurance company. The insurance policy-5-

covers losses, such as compensation for damages and litigation expenses, to be borne by the insured in cases
where a claim for damages is brought by shareholders, third parties, etc. If each candidate is elected and assumes
office as Audit & Supervisory Board Member, every such Audit & Supervisory Board Member will be included
as an insured in the insurance policy. In addition, when this insurance policy is renewed, the Company plans torenew the policy with the same terms.

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(Reference) Table of expertise, knowledge, experience, abilities, etc. of officers (skill matrix)
If Proposal No. 2 is approved and adopted in its original form, the composition of the Company’s officers
and their respective expertise and experience will be as follows.
Expertise and experience of officers
Name

Attributes
Management

Manufacturing &technologicaldevelopment

Sales & marketing

Finance &accounting

Kazushi AsanoJunichi YoshidaTatsuhiko Iiyama

Masaki Inukai

Director

Manabu Fujita

Akane OharaOutside
Independent

Yosuke Nishita

Outside

Independent
Audit & Supervisory Board
Member

Hideki Saika

Tatsuhiko Ishii

OutsideIndependent

Koji Miyake

Outside
Independent

Expertise and experience of officers
Name
Legal affairs

HR policy

ESG

Kazushi AsanoJunichi Yoshida

Tatsuhiko Iiyama
Director

Masaki Inukai
Manabu Fujita
Akane Ohara
Yosuke Nishita

Audit &Supervisory
Board Member

OutsideHideki Saika



Tatsuhiko IshiiKoji Miyake

Independent

Outside officer

Independent officer as defined by Tokyo
Stock Exchange, Inc.

Note: The above table presents the major expertise and experience held by each officer. It is not indicative of all the expertiseand experience possessed by each individual.

-7-