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: 8281
June 6, 2019
To our shareholders:Tomoyoshi Morohashi
President and CEO
XEBIO HOLDINGS CO., LTD.
3-7-35 Asahi, Koriyama-shi, Fukushima

NOTICE OF THE 47TH ORDINARY GENERAL MEETING OF SHAREHOLDERS
You are cordially invited to attend the 47th Ordinary General Meeting of Shareholders of XEBIO HOLDINGS CO.,LTD. (the “Company”), which will be held as described below.
If you are unable to attend the meeting in person, you may exercise your voting rights by postal mail. Pleaseindicate your approval or disapproval of the proposals on the enclosed voting form after reviewing the attached
Reference Documents for the Ordinary General Meeting of Shareholders and return it by postal mail.
1. Date and Time: Thursday, June 27, 2019 at 10:00 a.m. (Japan Standard Time)
2. Venue:
Koriyama View Hotel Annex, 4th Floor
10-10 Nakamachi, Koriyama-shi, Fukushima(See map for directions to meeting room at end of this Notice.) (Japanese version only)
3. Purposes:
Items to be reported:
Business Report, Non-Consolidated Financial Statements and Consolidated Financial Statements for the 47thfiscal year (from April 1, 2018 to March 31, 2019), as well as the results of audit of the Consolidated
Financial Statements by the Accounting Auditor and the Audit & Supervisory Board
Items to be resolved:
Proposal 1:
Election of five (5) Directors
Proposal 2:
Election of one (1) Audit & Supervisory Board Member
Proposal 3:
Issuance of stock acquisition rights as stock options
4. Items Decided Prior to the Convocation of the Ordinary General Meeting of Shareholders:(1) Please post the voting form so that it reaches us no later than 5:00 p.m. on Wednesday, June 26, 2019
(Japan Standard Time).
(2) When exercising your voting rights in a non-uniform way, please inform the Company of this intention
with the reason in writing at least three days before this Ordinary General Meeting of Shareholders.

Notifications
1. Documents Disclosed Online
Pursuant to the laws and regulations and the provisions of Article 15 of the Company’s Articles of Incorporation, the Company hasmade the following of the documents to be provided to shareholders available online on its website (http://www.xebio.co.jp/)(Japanese version only), and these documents have therefore not been included among the documents attached to this Notice ofthe Ordinary General Meeting of Shareholders.
(1) Information on the Stock Acquisition Rights, etc. of the Business Report(2) Company Structure and Policies of the Business Report(3) Consolidated Statement of Changes in Equity(4) Notes to Consolidated Financial Statements(5) Non-Consolidated Statement of Changes in Equity(6) Notes to Non-Consolidated Financial Statements
Accordingly, the documents attached to this Notice of the Ordinary General Meeting of Shareholders are one part of the Business
Report, Consolidated Financial Statements and Non-Consolidated Financial Statements that the Accounting Auditor and Audit &Supervisory Board Members audited when preparing the audit reports.

-1-

Further, any revisions that are made to the Business Report, Consolidated Financial Statements, Non-Consolidated Financial
Statements or Reference Documents for the Ordinary General Meeting of Shareholders shall be published on the Company’s
above-stated website.
2. Disclosure of Results of This General Meeting of Shareholders
Voting results of this Ordinary General Meeting of Shareholders will be disclosed on the Company’s website(http://www.xebio.co.jp/) (Japanese version only).
3. Voting Forms
When attending this Meeting in person, please submit the enclosed voting form at the venue reception.

-2-