This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms ofdamages arising from the translation.
Securities Code: 9726
May 24, 2024
To Shareholders with Voting Rights:
Akimasa Yoneda
Director and President
KNT-CT Holdings Co., Ltd.
2-6-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, JapanNOTICE OF THE 87TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
We are pleased to inform you that the 87th Annual General Meeting of Shareholders of KNT-CT Holdings Co., Ltd.
(the “Company”) will be held for the purposes as described below.
The Company takes measures for providing information that constitutes the content of reference documents for thegeneral meeting of shareholders, etc. (matters for which measures for providing information in electronic format are
to be taken) in electronic format, and it posts this information on each of the following websites on the Internet, so
please review the documents at your convenience.
The Company’s website:
https://www.kntcthd.co.jp/ja/ir/stock/meeting/ (in Japanese)
Website for posted informational materials for the general meeting of shareholders:
https://d.sokai.jp/9726/teiji/ (in Japanese)
TSE website (Listed Company Search):https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)
Matters subject to measures for electronic provision are also available on the website of the Tokyo Stock Exchange(TSE). Please access the TSE website (Listed Company Search) above, enter “KNT-CT Holdings” in “Issue name(company name)” or “9726” in “Code,” and click “Search.” Then, select “Basic information” and “Documents for
public inspection/PR information” then “Notice of General Shareholders Meeting /Informational Materials for a
General Shareholders Meeting” to review the documents.
You may exercise your voting rights via the Internet or in writing. Please review the attached Reference Documents
for the General Meeting of Shareholders and exercise your voting rights by 5:45 p.m. (JST) on Thursday, June 13,
2024.

-1-

1. Date and Time: Friday, June 14, 2024, at 10 a.m. (JST)
2. Place:
NS Sky Conference Hall A and B
30F, Shinjuku NS Bldg.,
2-4-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo(Please note that the venue of the meeting has changed from last year.)
3. Meeting Agenda:
Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company’s 87th
Fiscal Year (April 1, 2023 - March 31, 2024) and results of audits by the
Accounting Auditor and the Audit & Supervisory Board of the Consolidated
Financial Statements
2. Non-consolidated Financial Statements for the Company’s 87th Fiscal Year
(April 1, 2023 - March 31, 2024)
Proposals to be resolved:
Proposal 1:
Election of Twelve (12) Directors
Proposal 2:
Election of One (1) Substitute Audit & Supervisory Board MemberWhen attending the meeting, please submit the Voting Rights Exercise Form to the reception.
This Notice of the General Meeting of Shareholders also serves as the document describing the matters subject to measures forelectronic provision in response to a request for delivery of such document. In accordance with laws and regulations and Article
15 of the Company’s Articles of Incorporation, the following items are not included. The Audit & Supervisory Board Members
and the Accounting Auditor have audited the documents subject to audit, including the following items.

The Summary of the System for Ensuring the Appropriateness of Business Activities and Status of its Operation, which is apart of the Business Report
The Consolidated Statements of Changes to Stockholders’ Equity and the Notes to the Consolidated Financial Statements,
which are part of the Consolidated Financial Statements

The Non-consolidated Statements of Changes to Stockholders’ Equity and the Notes to the Non-consolidated Financial
Statements, which are part of the Non-consolidated Financial Statements

Audit reports, consisting of the Accounting Auditor’s audit reports on Consolidated Financial Statements and Nonconsolidated Financial Statements, and the Audit & Supervisory Board’s audit report

If revisions to the matters subject to measures for electronic provision arise, a notice of the revisions and the details of the matters
before and after the revisions will be posted on the above websites.

-2-Reference Documents for the General Meeting of Shareholders
Proposals and Reference Information
Proposal No. 1
Election of Twelve (12) Directors
The terms of office of all eleven current Directors will expire at the conclusion of this meeting. With the intentionof strengthening the management system, the Company proposes to increase the number of Directors by one andrequests the election of twelve Directors.
The candidates for Director are as follows:
CandidateNo.
1

Current position and responsibility in the
Company

Name
Akimasa Yoneda

Attendance at Board of
Directors meetings

Reelection

Director and President

12 of 12 meetings(Attendance rate: 100%)

12 of 12 meetings(Attendance rate: 100%)

2

Yoshinobu Koyama

Reelection

Senior Managing Director
General Manager & Chief of Compliance
Restructuring Headquarters
In charge of President’s Office, InboundBusiness Promotion Office and Safety
Management Department

3

Sadayuki Miyake

Reelection

Senior Managing Director
In charge of Accounting Department

12 of 12 meetings(Attendance rate: 100%)

Reelection

Senior Managing Director
General Manager of President’s Office
Deputy General Manager & Chief ofCompliance Restructuring Headquarters
In charge of IT Strategy Department andCorporate Communication Department

9 of 10 meetings(Attendance rate: 90%)

10 of 10 meetings(Attendance rate: 100%)4

Kensuke Nakanobo

5

Yoshiya Katamoto

Reelection

Director
General Manager of GovernanceRestructuring of Compliance Restructuring
Headquarters

6

Ayako Muto

Reelection

Director
General Manager of Human Resources
Department

10 of 10 meetings(Attendance rate: 100%)

7

Tetsuya Kobayashi

Reelection

Director

10 of 12 meetings(Attendance rate: 83%)

8

Hiroshi Takahashi

Reelection
OutsideIndependent

Director

12 of 12 meetings(Attendance rate: 100%)

9

Yasunori Hori

Reelection
OutsideIndependent

Director

12 of 12 meetings(Attendance rate: 100%)

10

Yusuke Kawasaki

Reelection
OutsideIndependent

Director

12 of 12 meetings(Attendance rate: 100%)

11

Kiyofumi Fujita

Reelection
OutsideIndependent

Director

10 of 10 meetings(Attendance rate: 100%)

12

Shuichi Uryu

New election–

Reelection
OutsideCandidate for Director to be reelected
Candidate for outside Director

Independent
New election

Candidate for independent officer as defined by the securities exchange
Candidate for Director to be newly elected-3-–Candidate
No.

Name
(Date of birth)

Career summary and position in the Company
Apr. 1982

1

Class and numberof the Company’s
shares owned

Joined Kintetsu Railway Co., Ltd. (currently
Kintetsu Group Holdings Co., Ltd.)May 2004
Director of Kintetsu Enterprises Company ofAmerica
Sept. 2008
Director and President of Kintetsu Enterprises
Company of America
June 2012
Director and General Manager of Planning
Department of Planning and Sales Division of
Kintetsu Hotel Systems, Inc. (currently
Kintetsu Miyako Hotels International, Inc.)
Dec. 2013
Director and General Manager of Sheraton
Miyako Hotel Osaka of Kintetsu Hotel
Systems, Inc. (currently Kintetsu Miyako
Hotels International, Inc.)
Apr. 2015
Managing Director and General Manager of
The Westin Miyako Kyoto of Kintetsu Miyako
Hotels International, Inc.
Akimasa Yoneda
Common shares(February 12, 1960)
July 2015
Managing Director and Manager of Ise-Shima
9,600
Reelection
Summit Planning Office of Kintetsu Miyako
Hotels International, Inc.
June 2016
Director and Managing Executive Officer incharge of Business Development and Group
Cooperation Promotion Division of KintetsuGroup Holdings Co., Ltd.
June 2018
Director and Managing Executive Officer incharge of Business Development Division(Overseas Business), Tokyo Office, Nagoya
Office and Taipei Office of Kintetsu Group
Holdings Co., Ltd.
June 2019
Director and President of the Company(incumbent)
June 2023
Director of Kintetsu Group Holdings Co., Ltd.
(incumbent)[Significant concurrent positions outside the Company]
Director of Kintetsu Group Holdings Co., Ltd.
[Reasons for nomination as candidate for Director]
Akimasa Yoneda is responsible for management of the Group as Director and President based on his broad range ofexperience and extensive knowledge. Upon comprehensive consideration of his knowledge, capabilities, personality
and other attributes, the Company has determined that he is qualified for the position.

-4-

Candidate
No.

Name
(Date of birth)

Career summary and position in the Company
Mar. 1982
June 2007
June 2008
June 2011

Yoshinobu Koyama(December 9, 1961)
Reelection
2

Jan. 2013
June 2013
June 2019
June 2020

Joined the Company
Executive Officer of Club Tourism
International Inc.
Director of Club Tourism International Inc.
Senior Managing Director of Club Tourism
International Inc.
Director of the Company
Director and President of Club Tourism
International Inc.
Managing Director of the Company
Senior Managing Director of the Company(incumbent)

Class and numberof the Company’s
shares owned

Common shares
15,450[Responsibility]
General Manager & Chief of Compliance Restructuring
Headquarters
In charge of President’s Office, Inbound Business Promotion
Office and Safety Management Department[Reasons for nomination as candidate for Director]
Yoshinobu Koyama is currently Senior Managing Director and General Manager & Chief of the Compliance
Restructuring Headquarters and in charge of the President’s Office, Inbound Business Promotion Office and Safety
Management Department, based mainly on his experience at Club Tourism International Inc. and extensive knowledge.
Upon comprehensive consideration of his knowledge, capabilities, personality and other attributes, the Company has
determined that he is qualified for the position.

-5-

Candidate
No.

Name
(Date of birth)

Career summary and position in the Company
Apr. 1983
May 2010

June 2012

Nov. 2012

Apr. 2015
Sadayuki Miyake(September 13, 1959)
Reelection

June 2016

3
June 2017

June 2018
June 2019

June 2020

Joined Kintetsu Railway Co., Ltd. (currently
Kintetsu Group Holdings Co., Ltd.)
General Manager of Audit Department ofKintetsu Railway Co., Ltd. (currently KintetsuGroup Holdings Co., Ltd.)
General Manager of Management Strategy
Office of Comprehensive Strategy Departmentof Kintetsu Railway Co., Ltd. (currently
Kintetsu Group Holdings Co., Ltd.)
General Manager of Accounting Department ofKintetsu Railway Co., Ltd. (currently KintetsuGroup Holdings Co., Ltd.)
General Manager of Accounting Department ofKintetsu Group Holdings Co., Ltd.
General Manager of Accounting Department ofKintetsu Railway Co., Ltd.
Director and General Manager of Accounting
Division of Kintetsu Real Estate Co., Ltd.
Director and Managing Executive Officer incharge of Management Strategy Division of
Kintetsu Group Holdings Co., Ltd.
Audit & Supervisory Board Member of The
Kinki Sharyo Co., Ltd.
Director and Managing Executive Officer incharge of Accounting Department of Kintetsu
Railway Co., Ltd.
Senior Managing Director of the Company(incumbent)

Class and numberof the Company’s
shares owned

Common shares
5,900[Responsibility]
In charge of Accounting Department[Reasons for nomination as candidate for Director]
Sadayuki Miyake engaged mainly in the operations of the accounting and finance divisions of the Kintetsu Group and iscurrently in charge of the Accounting Department as Senior Managing Director of the Company. Upon comprehensive
consideration of his knowledge, capabilities, personality and other attributes, the Company has determined that he isqualified for the position.

-6-

Candidate
No.

Name
(Date of birth)

Career summary and position in the Company
Apr. 1987
Nov. 2009

June 2013

Apr. 2015

June 2016

June 2018

Kensuke Nakanobo(May 11, 1963)
Reelection

June 2020

4
June 2021

June 2022

Apr. 2023
June 2023

Joined Kintetsu Railway Co., Ltd. (currently
Kintetsu Group Holdings Co., Ltd.)
General Manager of Planning and Coordination
Department of Terminal Development Business
Division of Kintetsu Railway Co., Ltd.
(currently Kintetsu Group Holdings Co., Ltd.)
General Manager of Business Department of
ABENO HARUKAS Business Division of
Kintetsu Railway Co., Ltd. (currently KintetsuGroup Holdings Co., Ltd.)
General Manager of HARUKAS Operation
Department of Asset Business Division of
Kintetsu Real Estate Co., Ltd.
Executive Officer, General Manager ofBusiness Development Promotion Departmentof Asset Business Division, and General
Manager of HARUKAS Operation Departmentof Kintetsu Real Estate Co., Ltd.
Director in charge of Business Development
Promotion Department of Asset Business
Division, HARUKAS Operation Department,
and Life Care Business of Kintetsu Real EstateCo., Ltd.
Director, General Manager of Business
Development Division, and Deputy General
Manager of Asset Business Division of Kintetsu
Real Estate Co., Ltd.
Managing Director in charge of Sales Planning
Division and Business Development Division,and Deputy General Manager of Asset Business
Division of Kintetsu Real Estate Co., Ltd.
Senior Managing Director in charge ofBusiness Development Division, and General
Manager of Asset Business Division of Kintetsu
Real Estate Co., Ltd.
Managing Executive Officer and General
Manager of President’s Office of the Company
Senior Managing Director of the Company(incumbent)

Class and numberof the Company’s
shares owned

Common shares
5,000[Responsibility]
General Manager of President’s Office
Deputy General Manager & Chief of Compliance Restructuring
Headquarters
In charge of IT Strategy Department and Corporate
Communication Department[Reasons for nomination as candidate for Director]
Kensuke Nakanobo has engaged in the business development divisions, etc. of the Kintetsu Group for many years, and iscurrently Senior Managing Director, General Manager of the President’s Office, Deputy General Manager & Chief of theCompliance Restructuring Headquarters, and in charge of the IT Strategy Department and the Corporate Communication
Department. Upon comprehensive consideration of his knowledge, capabilities, personality and other attributes, theCompany has determined that he is qualified for the position.

-7-

Candidate
No.

Name
(Date of birth)

Career summary and position in the Company
Apr. 1986
Jan. 2014
June 2018

Yoshiya Katamoto(January 23, 1963)
Reelection
56June 2020
June 2021

Joined the Company
General Manager of Human Resources
Department of the Company
Director and General Manager of SalesManagement Department of Kinki Nippon
Tourist Kyushu Co., Ltd. (currently Kinki
Nippon Tourist Co., Ltd.)
General Manager of President’s Office of theCompany
Executive Officer and General Manager of
Human Resources Department of the Company
Director of the Company (incumbent)

Class and numberof the Company’s
shares owned

Common shares
2,091

June 2023[Responsibility]
General Manager of Governance Restructuring of Compliance
Restructuring Headquarters[Reasons for nomination as candidate for Director]
Yoshiya Katamoto has engaged mainly in the Human Resources Department and he is currently Director and General
Manager of the Compliance Restructuring Headquarters. Upon comprehensive consideration of his knowledge,
capabilities, personality and other attributes, the Company has determined that he is qualified for the position.
Apr. 1986
Joined the Company
July 2013
General Manager of Human Resources
Department of Club Tourism International Inc.
June 2017
Executive Officer and General Manager of
Human Resources Department of Club Tourism
Ayako Muto
International Inc.
Common shares(December 27, 1963)
2,097
June 2020
Director and General Manager of Human
Reelection
Resources Operations Department of Club
Tourism International Inc.
June 2023
Director of the Company (incumbent)[Responsibility]
General Manager of Human Resources Department[Reasons for nomination as candidate for Director]
Ayako Muto has engaged mainly in the Human Resources Department of Club Tourism International Inc., and she iscurrently a Director of the Company, in charge as General Manager of the Human Resources Department. Upon
comprehensive consideration of her knowledge, capabilities, personality and other attributes, the Company has
determined that she is qualified for the position.

-8-

Candidate
No.

Name
(Date of birth)

Career summary and position in the Company
Apr. 1968

7

Class and numberof the Company’s
shares owned

Joined Kintetsu Railway Co., Ltd. (currently
Kintetsu Group Holdings Co., Ltd.)
June 2001
Director of Kintetsu Railway Co., Ltd.
(currently Kintetsu Group Holdings Co., Ltd.)
June 2003
Managing Director of Kintetsu Railway Co.,
Ltd. (currently Kintetsu Group Holdings Co.,Ltd.)
June 2005
Senior Managing Director of Kintetsu Railway
Co., Ltd. (currently Kintetsu Group Holdings
Co., Ltd.)
June 2007
Director and President of Kintetsu Railway Co.,
Ltd. (currently Kintetsu Group Holdings Co.,
Ltd.)
Mar. 2014
Director of the Company
Tetsuya Kobayashi
Apr. 2015
Director and Chairman of the Board of Kintetsu
Common shares(November 27, 1943)
Group Holdings Co., Ltd.
2,000
Reelection
Director and Chairman of the Board of Kintetsu
Real Estate Co., Ltd.
Mar. 2016
Director and Chairman of the Board of theCompany
June 2019
Director of the Company (incumbent)
June 2020
Director, Chairman of the Board and GroupCEO of Kintetsu Group Holdings Co., Ltd.
June 2023
Director and Chairman of the Board of KintetsuGroup Holdings Co., Ltd. (incumbent)[Significant concurrent positions outside the Company]
Director and Chairman of the Board of Kintetsu Group Holdings
Co., Ltd.
Director of Kintetsu Department Store Co., Ltd.
Director of Kintetsu World Express, Inc.
[Reasons for nomination as candidate for Director]
Tetsuya Kobayashi has engaged in operations of a broad range of business as a corporate executive of the KintetsuGroup for many years. In recognition of his abundant experience and extensive knowledge, the Company has
determined that he is qualified for the position.

-9-

Candidate
No.

Name
(Date of birth)

Career summary and position in the Company
Apr. 1977

8

9

Class and numberof the Company’s
shares owned

Joined Japan Development Bank (currently
Development Bank of Japan Inc.)
June 2001
General Manager of Project Finance
Department of Development Bank of Japan Inc.
June 2007
Director of Development Bank of Japan Inc.
Oct. 2008
Director and Managing Executive Officer ofDevelopment Bank of Japan Inc.
June 2011
Director and President of Skynet Asia Airways
Co., Ltd. (currently Solaseed Air Inc.)
Hiroshi Takahashi
June 2017
Director of the Company (incumbent)(September 3, 1954)
Common shares
Reelection
Director and President of Japan Economic0
OutsideResearch Institute Inc.
Independent
Director and Chairman of the Board of ValueManagement Institute, Inc.
June 2020
Outside Audit & Supervisory Board Member of
IINO KAIUN KAISHA, LTD. (incumbent)
Apr. 2023
Director of Japan Economic Research InstituteInc.
[Significant concurrent positions outside the Company]
Outside Audit & Supervisory Board Member of IINO KAIUN
KAISHA, LTD.
[Reasons for nomination as candidate for outside Director and expected roles]
Hiroshi Takahashi has engaged in financial operations for many years. In recognition of his abundant experience andextensive knowledge, the Company has determined that he is qualified to supervise and give advice on businessexecution as outside Director.
Sept. 1975
Joined Hida Hotel Plaza K.K.
Feb. 2001
Director and President of Hida Hotel Plaza
K.K.
Dec. 2013
Director and Chairman of the Board of Hida
Yasunori Hori
Hotel Plaza K.K. (incumbent)(April 6, 1948)
Common shares
May 2019
Chairman of KNT-CT Partners Association
Reelection
0(incumbent)
OutsideIndependent
June 2019
Director of the Company (incumbent)[Significant concurrent positions outside the Company]
Chairman of KNT-CT Partners Association
Director and Chairman of the Board of Hida Hotel Plaza K.K.
[Reasons for nomination as candidate for outside Director and expected roles]
Yasunori Hori has engaged in hotel management for many years, and has abundant experience and extensive
knowledge. Besides, in recognition of his deep understanding of the Company’s business as Chairman of KNT-CT
Partners Association, the Company has determined that he is qualified to supervise and give advice on businessexecution as outside Director.

- 10 -

Candidate
No.

Name
(Date of birth)

Career summary and position in the Company
Oct. 1984

10

11

Class and numberof the Company’s
shares owned

Joined Asahi & Co. (currently KPMG AZSA
LLC)
June 2000
Partner of Asahi & Co. (currently KPMG AZSA
LLC)
June 2010
Representative Partner of Asahi & Co.
(currently KPMG AZSA LLC)
June 2016Retired from the post of Partner of KPMG
AZSA LLC
July 2016
Opened Yusuke Kawasaki C.P.A. Office
Yusuke Kawasaki
June 2017
Audit & Supervisory Board Member of the(June 21, 1954)
Common sharesCompany
Reelection0
OutsideOutside Audit & Supervisory Board Member ofIndependent
Kintetsu World Express, Inc.
June 2020
Outside Audit & Supervisory Board Member of
KOBELCO WIRE COMPANY, LTD.
(incumbent)
June 2022
Director of the Company (incumbent)[Significant concurrent positions outside the Company]
Certified Public Accountant
Outside Audit & Supervisory Board Member of KOBELCOWIRE COMPANY, LTD.
[Reasons for nomination as candidate for outside Director and expected roles]
Yusuke Kawasaki has wide range of experience and extensive knowledge as a certified public accountant, and theCompany has determined that he is qualified to supervise and give advice on business execution as outside Director.
Apr. 2000
Joined Yodoyabashi Godo Law Office(currently Yodoyabashi & Yamagami LPC)
Apr. 2007
Partner of Yodoyabashi & Yamagami LPC(incumbent)
Mar. 2008
Outside Compliance Committee Member of
Nittochi Asset Management Co., Ltd. (currently
Chuo-Nittochi Asset Management Co., Ltd.)(incumbent)
Kiyofumi Fujita
Aug. 2009
Special Member of Compliance Committee of(July 21, 1972)
FinTech Asset Management Incorporated
Common shares
Reelection
May 2014
Director (Outside) of FELISSIMO
0
OutsideCORPORATION (incumbent)
Independent
June 2016
Supervisory Director of Ichigo GreenInfrastructure Investment Corporation(incumbent)
June 2023
Director of the Company (incumbent)[Significant concurrent positions outside the Company]
Partner Attorney of Yodoyabashi & Yamagami LPC
Director (Outside) of FELISSIMO CORPORATIONSupervisory Director of Ichigo Green Infrastructure Investment
Corporation[Reasons for nomination as candidate for outside Director and expected roles]
In recognition of his extensive knowledge and broad insight as an attorney, Kiyofumi Fujita has contributed to
improving compliance in the Group, and the Company has determined that he is qualified to supervise and give advice
on business execution as outside Director.

- 11 -

Candidate
No.

Name
(Date of birth)

Career summary and position in the Company

Class and numberof the Company’s
shares owned

Apr. 1982
Jan. 2013
June 2017
Apr. 201812

Notes:

Joined the Company
Executive Officer of the Company
Director of the Company
Director and President of KNT-CT Web TravelCo., Ltd. (currently Kinki Nippon Tourist Co.,Ltd.)
Shuichi Uryu
June 2020
Managing Director of the Company
Common shares(March 25, 1960)
Apr. 2021
Director and President of KNT-CT IT Solutions
3,629
New election
Co., Ltd.
Apr. 2023
Director and President of Kinki Nippon Tourist
Blue Planet Co., Ltd.
Sept. 2023
Director and President of Kinki Nippon Tourist
Co., Ltd. (incumbent)[Significant concurrent positions outside the Company]
Director and President of Kinki Nippon Tourist Co., Ltd.
[Reasons for nomination as candidate for Director]
Shuichi Uryu has served as the representative of subsidiaries of the Group and is currently Director and President of
Kinki Nippon Tourist Co., Ltd. where he is responsible for management of the said company. Upon comprehensive
consideration of his knowledge, capabilities, personality and other attributes, the Company has determined that he isqualified for the position.
1. There is no special interest between any of the candidates and the Company.
2. Hiroshi Takahashi, Yasunori Hori, Yusuke Kawasaki and Kiyofumi Fujita are candidates for outside Director. Mr.
Takahashi, Mr. Hori, Mr. Kawasaki and Mr. Fujita are currently outside Directors of the Company, and at the conclusionof this meeting, their tenure will have been seven years, five years, two years and one year, respectively.
3. The Company has submitted notification to the Tokyo Stock Exchange that Mr. Takahashi, Mr. Hori, Mr. Kawasaki and
Mr. Fujita have been designated as independent officers as provided for by the aforementioned exchange.
4. Pursuant to Article 427, paragraph (1) of the Companies Act and Article 27 of the Articles of Incorporation, the Company
has entered into agreements with Mr. Takahashi, Mr. Hori, Mr. Kawasaki and Mr. Fujita to limit their liability for damages
under Article 423, paragraph (1) of the Companies Act to the amount prescribed by laws and regulations. If Mr. Takahashi,
Mr. Hori, Mr. Kawasaki and Mr. Fujita assume the office of Director, the Company plans to renew the aforementioned
agreements with them.
5. The positions and responsibilities of each candidate at the present and in the past ten years at Kintetsu Group Holdings
Co., Ltd. and its subsidiaries and associates (Kintetsu Enterprises Company of America, Kintetsu Miyako Hotels
International, Inc., Kintetsu Real Estate Co., Ltd., The Kinki Sharyo Co., Ltd., Kintetsu Railway Co., Ltd., Kintetsu
Department Store Co., Ltd., Kintetsu World Express, Inc.) as officer or executive are as indicated in “Career summary andposition in the Company” or “Significant concurrent positions outside the Company.”
6. The Company has concluded a directors and officers liability insurance policy in which all Directors and Audit &Supervisory Board Members are the insured parties with an insurance company. Each of the candidates for Director isalready an insured party under the policy and will continue to be such after their reelection or election. The policy will
cover losses incurred in cases where a candidate for Director who will be the insured receives a claim for damages arisingfrom the performance of duties as well as losses incurred when the insured assumes legal liability for the damages against
the company.

- 12 -

7. The expertise and experiences (skill matrix) of candidates for Director are as follows:
Marketing,Compliance, Accounting,Businessmanagement
legal, SDGs
financemanagement
reformNo.

Name

Global1

Akimasa Yoneda

〇

〇

2

Yoshinobu Koyama

〇

〇

3

Sadayuki Miyake〇

4

Kensuke Nakanobo

5

Yoshiya Katamoto

6

Ayako Muto

7

Tetsuya Kobayashi

〇

〇

8

Hiroshi Takahashi

〇

〇

〇

9

Yasunori Hori

〇

〇

〇

10

Yusuke Kawasaki〇

11

Kiyofumi Fujita〇

12

Shuichi Uryu

Humanresources,
labor
relations

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

- 13 -

〇

〇

〇

〇

〇

Proposal No. 2

Election of One (1) Substitute Audit & Supervisory Board Member

The Company requests the election of one substitute Audit & Supervisory Board Member to be ready to fill avacant position should the number of outside Audit & Supervisory Board Members fall below the number requiredby laws and regulations.
The validity of the election can be nullified by resolution of the Board of Directors if the consent of the Audit &Supervisory Board has been obtained; provided, however, that it is only in a time before assuming office.
In addition, the consent of the Audit & Supervisory Board has been obtained for this proposal.
The candidate for substitute Audit & Supervisory Board Member is as follows:
Name(Date of birth)

Career summary and position in the Company
Apr. 1982
June 2012

June 2014

Apr. 2015
Apr. 2016

June 2016

Masaaki Shirakawa(September 30, 1959)
New election
Substitute Outside Audit &Supervisory Board Member

Nov. 2016

June 2017

June 2019

June 2020

Joined Kintetsu Railway Co., Ltd. (currently
Kintetsu Group Holdings Co., Ltd.)
General Manager of Management Strategy Office ofComprehensive Strategy Department of Kintetsu
Railway Co., Ltd. (currently Kintetsu Group
Holdings Co., Ltd.)
Executive Officer and Deputy General Manager ofComprehensive Strategy Department of Kintetsu
Railway Co., Ltd. (currently Kintetsu Group
Holdings Co., Ltd.)
Executive Officer in charge of Management Strategy
Office of Kintetsu Group Holdings Co., Ltd.
Executive Officer in charge of Management Strategy
Office and Taipei Office of Kintetsu Group Holdings
Co., Ltd.
Director, Managing Executive Officer in charge of
Secretarial and Public Relations Department,
Management Strategy Office and Taipei Office ofKintetsu Group Holdings Co., Ltd.
Director and Managing Executive Officer in chargeof Secretarial and Public Relations Department andCorporate Planning Department of Kintetsu Railway
Co., Ltd.
Director and Managing Executive Officer in chargeof Management Strategy Division, Public Relations
Division and Secretarial Division of Kintetsu Group
Holdings Co., Ltd.
Director and Managing Executive Officer in chargeof Public Relations Department and Secretarial
Department of Kintetsu Railway Co., Ltd.
Director and Managing Executive Officer in chargeof Business Development Division and Public
Relations Division of Kintetsu Group Holdings Co.,Ltd.
Director and Managing Executive Officer in chargeof Public Relations Department of Kintetsu Railway
Co., Ltd.
Director and Senior Managing Executive Officer incharge of Business Development Division and Public
Relations Division of Kintetsu Group Holdings Co.,Ltd.
Director and Senior Managing Executive Officer incharge of Business Development Division of
Kintetsu Group Holdings Co., Ltd.

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Common shares0Name(Date of birth)

Career summary and position in the Company
June 2021

Class and number of
the Company’s
shares owned

Director and Senior Managing Executive Officer incharge of Business Strategy Division of KintetsuGroup Holdings Co., Ltd.
June 2023
Audit & Supervisory Board Member of Kintetsu
Miyako Hotels International, Inc. (incumbent)[Significant concurrent positions outside the Company]
Audit & Supervisory Board Member of Kintetsu Miyako Hotels
International, Inc.
[Reasons for nomination as candidate for substitute outside Audit & Supervisory Board Member]
Masaaki Shirakawa is mainly involved in the corporate planning department and public relations department of the Kintetsu Group,and has understanding of the Company’s operations. Upon comprehensive consideration of his knowledge, capabilities, personality
and other attributes, the Company has determined that he is qualified for the position.
Notes: 1. There is no special interest between the candidate and the Company.
2. Masaaki Shirakawa is a candidate for substitute outside Audit & Supervisory Board Member.
3. The positions and responsibilities of the candidate at the present and in the past ten years at Kintetsu Group Holdings Co.,
Ltd. and its subsidiaries and associates as officer or executive are as indicated in “Career summary and position in the
Company” or “Significant concurrent positions outside the Company.”
4. The Company has concluded a directors and officers liability insurance policy in which Audit & Supervisory Board
Members are the insured parties with an insurance company. The insurance policy will cover losses incurred in cases
where an officer who is the insured receives a claim for damages arising from the performance of duties as well as losses
incurred when the insured assumes legal liability for the damages against the company. If Mr. Shirakawa is elected andassumes the office of Audit & Supervisory Board Member, he will be included in the insured person of the policy.

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