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

Securities Code: 3408
June 10, 2020
To our shareholders:
Shintaro Matsuki,
President and Representative Director
SAKAI OVEX Co., Ltd.
2-15-1, Hanandoh Naka, Fukui-City

Notice of the 127th Annual General Meeting of Shareholders
We are pleased to announce the 127th Annual General Meeting of Shareholders of SAKAI OVEX Co., Ltd. (the“Company”), which will be held as indicated below.
In light of the growing spread of novel coronavirus (COVID-19) infection this year, please take the condition ofyour health into consideration. If you have cold-like symptoms or feel unwell, do not overexert yourself and pleaseconsider abstaining from attending the General Meeting of Shareholders. Shareholders who are elderly, have any
underlying disease, or are pregnant are also requested to consider canceling any plans to travel to the venue of theGeneral Meeting of Shareholders.
If you are unable to attend the meeting in person, you may exercise your voting rights in writing. Please review theattached Reference Documents for General Meeting of Shareholders (in Japanese only), indicate your approval ordisapproval of the proposals in the enclosed voting form, and return the form to the Company by postal mail so thatyour vote is received by 5:00 p.m. on Thursday, June 25, 2020 (JST).
1. Date and Time: Friday, June 26, 2020 at 10:00 a.m.
5F Hall, Technical Center of the Company
2. Venue:2-15-1, Hanandoh Naka, Fukui-City
3. Purpose of the Meeting
Matter to be reported:
The Business Report, the Consolidated Financial Statements and the Non-consolidated Financial Statements
for the 127th fiscal year (from April 1, 2019 to March 31, 2020), and the results of audits of the Consolidated
Financial Statements by the Financial Auditor and the Audit and Supervisory Committee
Matters to be resolved:
Proposal No. 1
Dividends of Surplus
Proposal No. 2
Election of 8 Directors (Excluding Directors Who Are Audit and Supervisory
Committee Members)
Proposal No. 3
Election of 4 Directors Who Are Audit and Supervisory Committee Members
Proposal No. 4
Election of 2 Substitute Directors Who Are Audit and Supervisory Committee Members

1. You are kindly requested to present the enclosed voting form to the receptionist when you attend the meeting in person.
2. The following items have been posted on the Company’s website (http://www.sakaiovex.co.jp/; in Japanese only), in accordancewith the provisions of relevant laws and regulations and the Company’s Articles of Incorporation. As a consequence, the relevant
documents are not included in the attached documents to this Notice. Accordingly, the attached documents to this Notice constitutea part of the documents that were audited by Financial Auditor and the Audit and Supervisory Committee.
1) Matters Concerning Share Acquisition Rights
2) System for Ensuring Properness of Operations and Status of Operation of the System
3) Consolidated Statement of Changes in Equity
4) Notes to the Consolidated Financial Statements
5) Non-consolidated Statement of Changes in Equity
6) Notes to the Non-consolidated Financial Statements
3. If there are any amendments to Reference Documents for General Meeting of Shareholders, Business Report, Consolidated
Financial Statements and/or Non-consolidated Financial Statements, such amendments will be announced on the Company’s
website (http://www.sakaiovex.co.jp/; in Japanese only).