Translation: Please note that the following purports to be an accurately translated excerpt of theoriginal Japanese version prepared for the convenience of investors outside Japan. However, inthe case of any discrepancy between the translation and the Japanese original, the latter shallprevail.
June 29, 2016

Dear Shareholders:Nisshinbo Holdings Inc.
2-31-11, Ningyo-cho, Nihonbashi, Chuo-ku, Tokyo

Masaya Kawata
President and Representative Director

Notice of Resolutions ofThe 173rd Ordinary General Meeting of Shareholders
We are pleased to inform you that matters noted below were reported and resolved at the173rd Ordinary General Meeting of Shareholders of Nisshinbo Holdings Inc. (“theCompany”) held today.
PARTICULARSMatters Reported:
1.

Report on the Business Report, the Consolidated Financial Statements for the 173rd Fiscal
Year (from April 1, 2015 to March 31, 2016) and the Results on the Audits of Consolidated
Financial Statements by the Accounting Auditor and the Audit & Supervisory Board.
2. Report on the Non-Consolidated Financial Statements for the 173rd Fiscal Year (April 1,2015 to March 31, 2016).
The contents of the above-mentioned documents were reported.

Matters Resolved:

First Item of Business:

Election of Ten (10) Directors
This item was approved and resolved as originally proposedand ten (10) members, namely, Mr. Masaya Kawata, Mr.
Masahiro Murakami, Mr. Koji Nishihara, Mr. Takayoshi
Tsuchida, Mr. Ryo Ogura, Mr. Takayoshi Okugawa, Mr.
Tomofumi Akiyama, Mr. Noboru Matsuda, Mr. Yoshinori
Shimizu and Ms. Shinobu Fujino were elected and allassumed the offices as Directors.
Mr. Tomofumi Akiyama, Mr. Noboru Matsuda, Mr. Yoshinori
Shimizu and Ms. Shinobu Fujino are all Outside Directors.

Second Item of Business:Election of One (1) Substitute Audit & Supervisory BoardMember

This item was approved and resolved as originally proposedand Mr. Atsushi Yamashita was elected as Substitute Audit &Supervisory Board Member.
Third Item of Business: Determination of Amounts of Remuneration for Directors byStock Acquisition Rights as Stock Compensation-Type Stock
Options and the Details thereofThis item was approved and resolved as originally proposed1

and allotting stock acquisition rights up to 500 stockacquisition rights as stock compensation-type stock options(one stock acquisition right shall be 100 shares of commonstock of the Company) to Directors (excluding OutsideDirectors) of the Company to the extent of 40 million yen perannum was determined.
Fourth Item of Business: Issue of Stock Acquisition Rights as Stock Options
This item was approved and resolved as originally proposed
and issuing stock acquisition rights up to 1,500 stockacquisition rights without compensation as stock options(one stock acquisition right shall be 100 shares of common
stock of the Company) to Managing Officers (excludingDirectors) and employees of the Company was determined.
EndAt the meeting of the Board of Directors after the close of this General Meeting,
Representative Directors and Directors with Specific Titles were appointed, and allassumed their offices, respectively.
Accordingly, the current compositions of Directors, Audit & Supervisory Board
Members and Managing Officers are as follows:

Representative Director:
President

Masaya Kawata

Representative Director:
Senior Executive Managing Officer

Masahiro Murakami

Director:
Senior Executive Managing Officer

Takayoshi TsuchidaDirector:
Executive Managing Officer

Koji Nishihara

Director:
Executive Managing Officer

Ryo OguraDirector:
Executive Managing Officer

Takayoshi Okugawa

Director:

Tomofumi Akiyama

Director:

Noboru MatsudaDirector:

Yoshinori Shimizu

Director:

Shinobu Fujino

Director:
Managing Officer

Toshihiro Kijima

Standing Audit &Supervisory Board Member:

Yoichi Fujiwara

2Standing Audit &Supervisory Board Member:

Takumi Ohmoto

Audit & Supervisory Board Member: Yo Kawakami
Audit & Supervisory Board Member: Toshihiko Tomita
Executive Managing Officer:

Toshihiro Kijima

Executive Managing Officer:

Kazunori Baba

Managing Officer:

Masahiro Kawamura

Managing Officer:

Akihiro Yoshino

Managing Officer:

Hajime Sasaki

Managing Officer:

Kazuhiro Iwata

Managing Officer:

Akihiro Ishizaka

Managing Officer:

Makoto Sugiyama

Managing Officer:

Yasuji Ishii

Managing Officer:

Toshihiro Matsuda(Notes) 1. Directors, Mr. Tomofumi Akiyama, Mr. Noboru Matsuda, Mr. Yoshinori
Shimizu and Ms. Shinobu Fujino, are all Outside Directors.
2. Audit & Supervisory Board Members, both Mr. Yo Kawakami andMr. Toshihiko Tomita, are Outside Audit & Supervisory Board Members.

End3