May 13, 2022
To whom it may concern,
Company name:
Representative:

Contact:

PACIFIC METALS CO., LTD.
Aoyama Masayuki, President andRepresentative Director(Securities code: 5541
TSE Prime Market)
Matsuyama Terunobu,
Managing Executive Officer andDirector(Telephone: +81-3-3201-6681)

Notice Concerning Partial Amendments to the Articles of Incorporation
PACIFIC METALS CO., LTD. (the “Company”) hereby announces that it has resolved, at the Board ofDirectors’ meeting held on May 13, 2022, to submit a proposal, “Partial Amendments to the Articles ofIncorporation,” to the 96th Annual General Shareholders Meeting to be held on June 24, 2022. The details
are described below.
1. Reasons for amendments
The amended provisions stipulated in the proviso of Article 1 of the supplementary provisions of the “ActPartially Amending the Companies Act” (Act No. 70 of 2019) will come into force on September 1, 2022.
Accordingly, in order to prepare for the introduction of the system for electronic provision of materials forgeneral shareholders meetings, the Company proposes that the Articles of Incorporation of the Company beamended as follows.
(1) The proposed Article 17, Paragraph 1 provides that information contained in the reference
documents for the general shareholders meeting, etc. shall be provided electronically.
(2) The purpose of the proposed Article 17, Paragraph 2 is to establish a provision to limit the scope ofmatters to be included in the paper copy to be sent to shareholders who have requested it.
(3) The provisions related to the disclosure via Internet of reference materials for general shareholders
meeting and deemed provision thereof (Article 17 of the current Articles of Incorporation) will
become unnecessary and will therefore be deleted.
(4) In line with the above establishment and deletion of the provisions, supplementary provisions related
to the effective date, etc. shall be established.
2. Details of amendments
The details of the amendments to the Articles of Incorporation are as follows.
(Amended parts are underlined.)
Current Articles of Incorporation
Proposed Amendments
Chapter 3 General Shareholders Meeting
Chapter 3 General Shareholders Meeting(Disclosure via Internet of Reference Materials for
General Shareholders Meeting and Deemed
Provision Thereof)
Article 17 For
convocationofGeneral
Shareholders Meeting, the Company may bedeemed to have provided to its Shareholders,information concerning matters to be stated or<Deleted>1

expressed in reference materials for General
Shareholders Meeting, a business report,
financial statements and consolidated financial
statements by way of disclosure using theInternet in accordance with the provisions set
forth in the ministerial ordinances of theMinistry of Justice.
(Measures for Electronic Provision, Etc.)
Article 17 For convocation of a General
Shareholders Meeting, the Company shallprovide information contained in the reference
documents for the General Shareholders
Meeting, etc. electronically.
2. Among the matters to be provided
electronically, the Company may choose not toinclude all or part of the matters stipulated in
the Ordinance of the Ministry of Justice in thepaper copy to be sent to shareholders who haverequested it by the record date for votingrights.
Supplementary provisions
1. The deletion of Article 17 (Disclosure via
Internet of Reference Materials for General
Shareholders Meeting and Deemed Provision
Thereof) of the Articles of Incorporation prior
to the amendments and the establishment ofArticle 17 (Measures for Electronic Provision,Etc.) shall come into effect on September 1,2022.
2. Notwithstanding the provisions of thepreceding paragraph, Article 17 (Disclosurevia Internet of Reference Materials for General
Shareholders Meeting and Deemed Provision
Thereof) of the Articles of Incorporation prior
to the amendments shall remain in force withrespect to a General Shareholders Meeting to
be held on or before February 28, 2023.
3. These supplementary provisions shall bedeleted on March 1, 2023 or on the date whenthree months have elapsed from the date of theGeneral Shareholders Meeting set forth in thepreceding paragraph, whichever is later.

<Newly established><Newly established>

3. Schedule
Date of the 96th Annual General Shareholders Meeting: Friday, June 24, 2022

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