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: 7212
June 2, 2023
(Commencement date of measures for electronic provision of information: May 31, 2023)
To our shareholders:Yuichi Fukuda
President & CEO
F-TECH INC.
19 Showanuma, Shobucho, Kuki-shi, Saitama

Notice of the 68th Annual General Meeting of Shareholders
You are cordially invited to attend the 68th Annual General Meeting of Shareholders of F-TECH INC. (the“Company”) to be held as described below.
In convening this General Meeting of Shareholders, measures for electronic provision of information are
implemented for the information contained in the Reference Documents for General Meeting of Shareholders, etc.
(matters subject to the measures for electronic provision), which is posted on “4. Websites on Which Matters Subject
to the Measures for Electronic Provision Are Posted” described below. You are kindly requested to access any ofthese websites and check the information. If you choose not to attend the meeting, you may exercise your voting
rights via the Internet or in writing. Please exercise your voting rights by either of the methods. The contents of each
proposal are described in the Reference Documents for General Meeting of Shareholders. Please review the
documents and exercise your voting rights, so that your vote is received no later than 5:00 p.m. on Wednesday, June21, 2023 (JST).
1. Date and Time: Thursday, June 22, 2023, at 10:00 a.m. (reception starts at 9:00 a.m.) (JST)
2. Venue:
Royal Crown C, fourth floor, ROYAL PINES HOTEL URAWA
2-5-1 Naka-cho, Urawa-ku, Saitama-shi, Saitama
3. Purpose of the Meeting
Matters to be reported:
1. The Business Report and the Consolidated Financial Statements, and audit reports by financial auditors andthe Board of Auditors of the Consolidated Financial Statements for the 68th fiscal year (from April 1, 2022
to March 31, 2023).
2. The Non-consolidated Financial Statements for the 68th fiscal year (from April 1, 2022 to March 31, 2023).
Matters to be resolved:
Proposal No. 1
Appropriation of Surplus
Proposal No. 2
Election of Five Directors
Proposal No. 3
Election of Three Auditors
4. Websites on Which Matters Subject to the Measures for Electronic Provision Are Posted:No.
Name and URL of the website
How to access
1
The Company’s website
Please inspect the information from the Notice of theGeneral Meeting of Shareholders in the Archives of IR
https://www.ftech.co.jp/en/
reports in Investor Relations.
2
Listed Company Search (Tokyo Stock
Please enter and search for the issue name (company name)
Exchange)or the securities code, and select Basic information andDocuments for public inspection/PR information in thathttps://www2.jpx.co.jp/tseHpFront/JJK0
order.
20010Action.do?Show=Show
3

Shareholders’ Meeting web portal
https://www.soukai-portal.net (Japanese
only)

Please scan the QR Code on the enclosed voting form, or
enter your ID and initial password.

* Each of the above websites may be temporarily unavailable for access due to regularly scheduled maintenance, etc.

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If you are unable to view either website, please confirm the posted content through another website or wait a certain amount of time
before attempting to access the same website again.
--

When you attend the meeting in person, please submit the enclosed voting form at the reception.
Any changes in the matters subject to the measures for electronic provision will be posted on each of the websites on the Internet.
Among the matters subject to the measures for electronic provision, the matters below are posted on the Company’s website inaccordance with laws and regulations and the provision of Article 17 of the Articles of Incorporation of the Company, and are notincluded in the paper-based documents delivered to shareholders who have made a request for delivery of such documents.
Accordingly, the documents are a part of the Consolidated Financial Statements or the Non-consolidated Financial Statements auditedby the auditor in preparing an audit report and by the financial auditor in preparing an accounting audit report.
(i) Notes to the Consolidated Financial Statements(ii) Notes to the Non-consolidated Financial Statements
Souvenirs will not be handed out to shareholders attending the General Meeting of Shareholders. We appreciate your understanding
in regard to this matter.
Please take the current circumstances surrounding the COVID-19 pandemic into consideration when deciding whether to attend themeeting in person. If you are unable to attend the meeting, please exercise your voting rights in advance in writing or via the Internet.
Any changes in the operation of the General Meeting of Shareholders due to yet unforeseen future circumstances will be announced
on the Company’s website.
The Company’s website (https://www.ftech.co.jp/)-2-Reference Documents for General Meeting of Shareholders
Proposal No. 1

Appropriation of Surplus

The appropriation of surplus is proposed to be as follows:
Year-end dividends
Giving consideration to the future business development, the Company proposes to pay the year-end dividend forthe fiscal year under review of JPY10 per share.
(1)

Type of dividend property
Cash

(2)

Allotment of dividend property to shareholders and their aggregate amount
JPY10 per common share of the Company
Total amount: JPY187,077,730(3)Effective date of dividends of surplus
June 23, 2023

Reference

Dividend Policy

The Company recognizes the return of profits to shareholders based on business performance as an importantmanagement issue and maintains a basic policy to return profits to shareholders in a manner that is stable and continuous,comprehensively taking into account the status of operating results, dividend payout ratios, and internal reserves in
addition to investment plans from a long-term perspective and strengthening of the corporate structure, and will continue
to strive for sustainable growth and improved dividend levels.
For the fiscal year under review, the Company intends to pay the year-end dividend of JPY10 per share, and combinedwith the interim dividend of JPY10, the annual dividend is scheduled to be JPY20 per share for a dividend payout ratioof 21.4%.

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Proposal No. 2

Election of Five Directors

At the conclusion of this meeting, the terms of office of five Directors will expire.
Therefore, the Company proposes the election of five Directors.
The candidates for Director are as follows:
CandidatestatusMember of
Nomination
andRemuneration
Committee *Reelection〇

Candidate
No.

Name

1

Yuichi Fukuda

2

Hajime Fujitaki

3

Hiroyuki Aoki

Director & Senior Managing Executive Officer
Division Manager of Management Planning Division
Global Business Management Officer

Reelection

4

Naoko Tomono

DirectorReelection
OutsideIndependent◎

5

Nobuhiro Koga

DirectorReelection
OutsideIndependent〇*

Current position and responsibilities in the Company

President & CEO
Director & Senior Managing Executive Officer

Reelection

Global Chief SED Officer

Nomination and Remuneration Committee consists of three Directors (including two outside Directors). 〇 indicates a memberand ◎ indicates a chairperson (as of April 1, 2023).

Reference: Diversity of the candidates for Director
The Board of Directors of the Company is composed of diverse Directors from different backgrounds, withdiverse expertise, experience, and other qualities.
The backgrounds of the five candidates for Director, including their expertise, experience, etc. are as follows:
Name

GenderYuichi Fukuda

Male

Independent Corporate
Officermanagement〇〇

Hajime Fujitaki Male
Hiroyuki Aoki

〇

〇

〇

〇

Male

〇

OutsideIndependent
OutsideIndependent

〇
〇

〇

Male

Naoko Tomono Female
Nobuhiro Koga

Technology Production &Legal affairs
Sales & Finance &Governance Academic Overseas&
manufacturing& riskprocurement accounting& CSR
experience experiencedevelopment technology
management

〇

〇

〇

〇

〇

〇

〇

(Engineering)-4-

Candidate
No.

1

Name
(Date of birth)

Career summary, and position
and responsibility in the Company

Yuichi Fukuda(December 1, 1967)

Dec. 1994
Jun. 2004
Jun. 2008
Mar. 2010[Tenure as Director]
19 years, as of theconclusion of thisgeneral meeting

Apr. 2012[Attendance at Board of
Directors Meetings(fiscal year under review)]
19 attended/19 held (100%)
Reelection

Apr. 2013
Apr. 2014
Apr. 2015

Joined the Company
Director
Director & Senior Managing Executive Officer
Division Manager of Management Planning
Division
Chief Sales & Marketing Officer andRegional CEO of North America
Chief Domestic Business Officer
Executive Vice President
President & CEO (current position)

Number of theCompany’s shares
owned

308,300 sharesDec. 2021

Member of Nomination and Remuneration
Committee (current position)[Significant concurrent positions outside the Company]

None[Reasons for nomination as candidate for Director]
Yuichi Fukuda has diverse experience and broad knowledge gained through his service as a president of domestic andoverseas sites and as a person responsible for overseas business area, production planning area and management
planning area. Since becoming President & CEO in April 2015, he has adequately performed his duties in criticalmanagement decision-making and supervising business execution with strong leadership and decisiveness nurtured
through his experience and knowledge. The Company has judged him to be able to strive for the Company group’s
continuous growth and increase in corporate value over a medium- to long-term, and has nominated him again as
Director. He is scheduled to assume the position as President & CEO when reelected as Director.

Hajime Fujitaki(October 7, 1959)[Tenure as Director]
11 years, as of theconclusion of thisgeneral meeting2Aug. 1981

Joined the Company

Jun. 2004
May 2008

Senior Operating Officer of the Company
President of F&P AMERICA MFG., INC.

Apr. 2012

Division Manager of Quality Assurance
Division of the Company
Director & Managing Executive Officer

Jun. 2012
Apr. 2013

Division Manager of Production Planning
Division
11,400 shares
Apr. 2016
Division Manager of Sales &[Attendance at Board ofMarketing Division
Directors Meetings
Apr. 2017
Division Manager of Sales & Marketing(fiscal year under review)]
Division and Regional CEO of Asia
19 attended/19 held (100%)
Apr. 2020
Director & Senior Managing Executive
Officer (current position)
Reelection
Apr. 2020
Global Chief SED Officer (current position)[Significant concurrent positions outside the Company]
None[Reasons for nomination as candidate for Director]
Hajime Fujitaki has experience in important management and business operations including the supervision of production
planning area and sales & marketing area, as well as the service as a president of overseas sites, and currently serves as
Global Chief SED Officer. Leveraging his abundant experience and in-depth knowledge in the Company group’s
management nurtured through his career, he has properly performed his duties in critical management decision-making
and supervising business execution as a Director. Therefore, the Company has nominated him again as Director. He is
also scheduled to assume the position as Senior Managing Executive Officer when reelected as Director.

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No.

Name
(Date of birth)

Career summary, and position
and responsibility in the Company
Aug. 2015

Hiroyuki Aoki
(October 12, 1958)[Tenure as Director]
Seven years, as of theconclusion of this general
meeting

3[Attendance at Board of
Directors Meetings(fiscal year under review)]
19 attended/19 held (100%)
Reelection

4

Joined the Company as Deputy Division
Manager of Management Planning Division
Apr. 2016
Senior Operating Officer
Apr. 2016
Division Manager of Management Planning
Division (current position)
Jun. 2016
Director & Senior Operating Officer
Apr. 2020
Director & Senior Managing Executive
Officer (current position)
Apr. 2020
Global Business Management Officer(current position)[Significant concurrent positions outside the Company]
None

Number of theCompany’s shares
owned

13,500 shares[Reasons for nomination as candidate for Director]
Hiroyuki Aoki has experience in important administrative affairs as a person responsible for the Company’s management
planning area, including supervision of the Company group’s accounting, finance, human resources and labor management,
governance and compliance. Currently, he serves concurrently as Global Business Management Officer. Leveraging his
abundant experience and in-depth knowledge in the Company group’s management nurtured through his career, he has
properly performed his duties in critical management decision-making and supervising business execution as a Director.
Therefore, the Company has nominated him again as Director. He is also scheduled to assume the position as Senior
Managing Executive Officer when reelected as Director.
Apr. 1988
Joined Sogo & Seibu Co., Ltd. (formerly Seibu
Department Store Co., Ltd.)
Naoko Tomono
Dec. 2008
Registered as an attorney at law (Daini Tokyo(August 25, 1964)
Bar Association)
Jan. 2009
Joined T and T PARTNERS LAW OFFICE[Tenure as outside Director]
Six years, as of the conclusion(formerly Takagi Yoshiko LAW OFFICE)of this general meeting
Jan. 2013
Partner (current position)
Jun. 2016
Outside Director of Taisei Lamick Co., Ltd.
[Attendance at Board of– shares(current position)
Directors Meetings
Jun. 2017
Outside Director of the Company (current(fiscal year under review)]
position)
19 attended/19 held (100%)
Dec. 2021
Chairperson of Nomination and Remuneration
Reelection
Committee (current position)
Outside[Significant concurrent positions outside the Company]
Independent
Partner of T and T PARTNERS LAW OFFICE
Outside Director of Taisei Lamick Co., Ltd.
[Reasons for nomination as candidate for outside Director and summary of expected roles]
Naoko Tomono has no experience of involvement in company management except as an outside officer, but she has an
objective viewpoint and abundant experience from her many years working in business and as a lawyer, and has been judged
to be able to appropriately perform the duties, such as supervising the business execution of Directors of the Company.
Therefore, the Company has again nominated her as outside Director.
She is expected to utilize her extensive practical experience as an attorney at law to continue to supervise all aspects of theexecution of duties, particularly regarding legal affairs, risk management, governance and CSR, and oversee the Company’s
management from an independent standpoint.
When reelected, she will deliberate on the election and dismissal of officers, a remuneration system for officers, and othermatters as a chairperson of Nomination and Remuneration Committee, and engage in building a highly objective governancesystem.

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Candidate
No.

Name
(Date of birth)

Career summary, and position
and responsibility in the Company
Apr. 1996

Number of theCompany’s shares
owned

Associate Professor, Faculty of Fundamental
Engineering (formerly Department of
Mechanical Engineering), Nippon Institute ofTechnology
Apr. 2002
Professor, Faculty of Fundamental
Engineering (formerly Department of
Mechanical Engineering), Nippon Institute of
Nobuhiro Koga
Technology (current position)(April 26, 1955)
Apr. 2013
Chairman, Industry-University Cooperation
Center (formerly Industry-University[Tenure as outside Director]
Cooperation and Entrepreneurial Education
Five years, as of theconclusion of this general
Center), Nippon Institute of Technology
meeting(current position)
May 2016
Director, Association of Saishin Collabo– shares[Attendance at Board of
Sangakukan industry-academic-government
Directors Meetings
collaboration (current position)(fiscal year under review)]
19 attended/19 held (100%)
Jun. 2018
Outside Director of the Company (current
position)
Reelection
Dec. 2021
Member of Nomination and Remuneration
Outside5
Committee (current position)
Independent[Significant concurrent positions outside the Company]
Professor, Faculty of Fundamental Engineering, Nippon
Institute of Technology
Chairman, Industry-University Cooperation Center, Nippon
Institute of Technology
Director, Association of Saishin Collabo Sangakukan industryacademic-government collaboration[Reasons for nomination as candidate for outside Director and summary of expected roles]
Nobuhiro Koga has no experience of involvement in company management except as an outside officer, but he hasabundant knowledge, experience, and an objective viewpoint as a university professor specializing in mechanicalengineering. Therefore, the Company has judged him to be able to appropriately perform the duties, such as supervising
the business execution of Directors of the Company, and has again nominated him as outside Director.
He is expected to utilize his extensive knowledge and experience as a university professor specializing in mechanicalengineering to continue to supervise all aspects of the execution of duties, particularly regarding research and development,
and oversee the Company’s management from an independent standpoint.
When reelected, he will deliberate on the election and dismissal of officers, a remuneration system for officers, and othermatters as a member of Nomination and Remuneration Committee, and engage in building a highly objective andtransparent governance system.
Notes: 1. For the selection of Director candidates, the Company has established a Nomination and Remuneration Committee as anon-statutory advisory body to the Board of Directors. The Committee is chaired by an independent outside Director, and amajority of the Committee members are independent outside Directors. Consulted by the Board of Directors, the Committee
makes discussions and reports on the outcome to the Board of Directors. The Board of Directors shall respect the report ofNomination and Remuneration Committee so as to increase the objectivity and transparency of the decision-making
procedures.
2. There is no special interest between any of the candidates and the Company.
3. Naoko Tomono and Nobuhiro Koga are candidates for outside Director.
4. The Company has entered into agreements with Naoko Tomono and Nobuhiro Koga to limit their liability for damages
under Article 423, paragraph 1 of the Companies Act, pursuant to the stipulations of Article 427, paragraph 1 of the same
Act. The maximum amount of liability for damages under this agreement is the minimum liability amount provided forunder Article 425, paragraph 1 of the same Act. If their election is approved, the Company plans to renew the agreementswith them.
5. Each candidate currently serves as a Director of the Company. The Company has entered into a directors and officers(D&O) liability insurance contract with an insurance company, as prescribed under Article 430-3, Paragraph 1 of theCompanies Act. Each candidate is an insured party under this contract. The insurance covers legal damages and litigation
expenses borne by an insured party in the event that a claim for damages is made due to an act (or omission) committed by
the insured party in his or her capacity as a Director or an officer of the Company. The Company is fully responsible forpaying the insurance premiums for all insured parties. If the election of each candidate is approved, then they will continue
to be included in the insured parties under the insurance contract. The Company intends to renew the insurance contract on

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6.

the same terms, during the candidates’ term of office.
Naoko Tomono and Nobuhiro Koga satisfy the requirements of the Company’s “Independence Criteria for Outside Officers.”
Furthermore, they satisfy the requirements for an independent officer as provided for by Tokyo Stock Exchange, Inc., and theCompany has submitted notification to the aforementioned exchange concerning their appointment as independent officers.
If their election is approved, the Company plans to continue their registration as independent officers.

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Proposal No. 3

Election of Three Auditors

At the conclusion of this meeting, the terms of office of Auditors Mr. Masao Toyoda, Mr. Yasuyuki Ikezawa,and Mr. Hiroshi Takahashi will expire.
Therefore, the Company proposes the election of three Auditors.
The Board of Auditors has given its consent to this proposal.
The candidates for Auditor are as follows:
Candidate
No.

Name(Date of birth)
Yasuyuki Ikezawa(July 20, 1957)

Career summary and position in the Company
Apr. 1980

Joined the Company

Apr. 2002

Department Manager of Administration
Department, Development Planning Office[Tenure as Auditor]
Five years, as of the conclusion Jun. 2004of this general meeting
Jun. 2009[Attendance at Board of
Directors Meetings]
Apr. 201319 attended/19 held (100%)
1[Attendance at Board ofAuditors Meetings]
12 attended/12 held (100%)
Reelection

Number of theCompany’s shares
owned

Department Manager of Administration
Department, Kuki Plant
Department Manager of Administration
Department, Kameyama Plant

5,300 shares

Director of F&P MFG., INC.

May 2016

Managing Director of F&P MFG., INC.

Jun. 2018

Standing Statutory Auditor of the Company(current position)[Significant concurrent positions outside the Company]
None[Reasons for nomination as candidate for Auditor]
Yasuyuki Ikezawa possesses long experience in the management area at production sites, both domestic and overseas, andknowledge and achievements that includes serving in such positions as Managing Director of overseas sites. Based on his
knowledge accumulated from the professional experience to date, he has been judged to be able to appropriately continue
performing the duties as an Auditor with an objective viewpoint. Therefore, the Company has again nominated him as Auditor.
Michiaki Nakanishi(June 26, 1962)[Tenure as Auditor]– years[Attendance at Board of
Directors Meetings]–
2[Attendance at Board ofAuditors Meetings]–
New election

Apr. 1985

Joined The Hyakugo Bank, Ltd.

Jun. 2013

General Manager of Kameyama Branch, The
Hyakugo Bank, Ltd.

Jun. 2015

Business Promotion Officer of BranchManagement Division, The Hyakugo Bank, Ltd.

Jul. 2017

Joined the Company

Apr. 2018

General Manager of Internal Audit Office

Apr. 2020

Personnel Department, Management Planning
Division

Sep. 2020

Director of F&P MFG., INC.

– shares[Significant concurrent positions outside the Company]
None[Reasons for nomination as candidate for Auditor]
In addition to knowledge in finance and accounting, Michiaki Nakanishi possesses extensive knowledge and experience that
includes serving in such positions as general manager of the internal audit department and Director of overseas sites. Basedon his professional experience to date, he has been judged to be able to appropriately perform the duties as an Auditor with anobjective viewpoint. Therefore, the Company has nominated him as Auditor.

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Candidate
No.

Name
(Date of birth)

Hiroshi Takahashi(December 18, 1947)

Career summary and position in the Company
Aug. 1985

Professor, Faculty of Law, The University ofTokyo

Dec. 1998

Director of Non-life Insurance Policy-holders
Protection Corporation of Japan (current
position)

Apr. 2007

Executive Vice President of The University ofTokyo

May 2009

Professor Emeritus of The University of Tokyo

Jun. 2009

Special Counsel of Mori Hamada & Matsumoto[Tenure as outside Auditor]
Four years, as of the conclusion Feb. 2010
Jun. 2017of this general meeting[Attendance at Board of
Directors Meetings]
18 attended/19 held (94%)
3[Attendance at Board ofAuditors Meetings]
11 attended/12 held (91%)
Reelection
OutsideIndependent

Number of theCompany’s shares
owned

Director of Japan Institute of Business Law
Chairperson of Egusa Foundation forInternational Cooperation in the Social Sciences(current position)

Apr. 2018

Advisor of Atsumi & Sakai (current position)

Apr. 2019

Outside Auditor of the Company (current
position)– sharesJun. 2022

Representative Director and Vice Chairman ofJapan Institute of Business Law (current
position)[Significant concurrent positions outside the Company]
Director of Non-life Insurance Policy-holders Protection
Corporation of Japan
Chairperson of Egusa Foundation for International Cooperationin the Social Sciences
Advisor of Atsumi & Sakai
Representative Director and Vice Chairman of Japan Institute ofBusiness Law[Reasons for nomination as candidate for outside Auditor]
Hiroshi Takahashi has no experience of involvement in company management, but he has abundant knowledge as a lawyer
over many years and an objective viewpoint nurtured through serving as Directors of a number of corporation bodies, and hehas been judged to be able to appropriately perform the duties, such as supervising the business execution of Directors of theCompany. Therefore, the Company has nominated him as a candidate for outside Auditor.
Notes:

1. There is no special interest between any of the candidates and the Company.
2. Hiroshi Takahashi is a candidate for outside Auditor.
3. Hiroshi Takahashi satisfies the requirements of the Company’s “Independence Criteria for Outside Officers.”
Furthermore, he satisfies the requirements for an independent officer as provided for by Tokyo Stock Exchange,
Inc., and the Company has submitted notification to the aforementioned exchange concerning his appointment as
outside independent officer. If his election is approved, the Company plans to continue his registration as outside
independent officer.
4. The Company has entered into an agreement with Hiroshi Takahashi to limit his liability for damages under Article
423, paragraph 1 of the Companies Act, pursuant to the stipulations of Article 427, paragraph 1 of the same Act.
The maximum amount of liability for damages under this agreement is the minimum liability amount provided forunder Article 425, paragraph 1 of the same Act.
5. The Company has entered into a directors and officers (D&O) liability insurance contract with an insurancecompany, as prescribed under Article 430-3, Paragraph 1 of the Companies Act. Each Auditor is an insured party
under this contract. The insurance covers legal damages and litigation expenses borne by an insured party in theevent that a claim for damages is made due to an act (or omission) committed by the insured party in his or her
capacity as an Auditor or an officer of the Company. The Company is fully responsible for paying the insurance
premiums for all insured parties. If the election of each candidate is approved, then they will be included in theinsured parties under the insurance contract. The Company intends to renew the insurance contract on the sameterms, during the candidates’ term of office.

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<Independence Criteria for Outside Officers>
The Company has established the following independence criteria for selecting candidates for independent
outside Director and independent outside Auditor. The highest priority is given to the requirement that there be
no conflict of interest between outside Directors and general shareholders, and those falling under any of thefollowing criteria shall not be deemed to be independent.
(1)

(2)
(3)
(4)

A person who is currently falling under any of (i) to (viii)(i) A business executive of the Company group(ii) An entity or its business executive where the Company group is a major business partner, and that has
derived 2% or more of its annual consolidated net sales from transactions with the Company group in
the most recent business year(iii) An entity or its business executive that is major business partner of the Company group, with theCompany group having derived 2% or more of its annual consolidated net sales from transactions
with the entity in the most recent business year(iv) An entity or its business executive that is an important provider of funds for the Company, such thatthe value of funds provided to the Company group is 2% or more of the Company group’s consolidated
total assets(v) A major shareholder of the Company (who owns 10% or more of the voting rights, whether directly
or indirectly), or its business executive(vi) A certified public accountant, or employee, partner or staff of an audit corporation, serving as financial
auditor to the Company group(vii) A certified public accountant, tax accountant, legal specialist or other consultant who obtain monetaryand other financial benefits amounting to JPY10 million or more in annual compensation excluding
officers’ compensation from the Company group (including the person belonging to the organization
if the one who received the relevant property is an organization such as corporation, association andoffices)(viii) A person who belongs to legal offices, audit corporations, tax accountant offices or consulting
companies that receive monetary consideration or other property from the Company group amounting
to 2% or more of their annual consolidated net sales
A person who has fallen under (ii) - (viii) over the previous 5 years
Spouse or persons within the second degree of kinship of a person falling under the above criteria (only incases where a person is in a position of importance)
A person whose tenure as an outside officer totals more than 8 years

Established on November 5, 2015

Notes: 1.
2.
3.

“Business executive” shall mean an executive director, executive officer, operating officer, manager or other such
employee. (Excluding Auditors)“The Company group” shall mean the Company and the subsidiaries of the Company.
“Position of importance” shall mean a director, operating officer, person of the level of general manager, certified public
accountant of an audit corporation or accountant office, or attorney at law belonging to any kind of legal firm (including
so-called associates).

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