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

September 29, 2021
To Shareholders:Hiroaki Shinya
Representative Director and President
NIPPON KOEI CO., LTD.
4, Kojimachi 5-chome, Chiyoda-ku, Tokyo, JapanRESOLUTIONS OF
THE 77TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
The following matters were reported and resolved at the 77th Annual General Meeting of Shareholders ofNIPPON KOEI CO., LTD. (the “Company”).
Matters reported:
1. The Business Report, Consolidated Financial Statements and Nonconsolidated Financial
Statements for the Company’s 77th Fiscal Year (July 1, 2020 - June 30, 2021)
2. Results of audits by the Accounting Auditor and the Audit & Supervisory Board of theConsolidated Financial Statements
The above contents were reported.
Proposals resolved:
Proposal 1: Partial Amendments to the Articles of Incorporation
The proposal was approved and resolved as originally proposed.
The reasons for and details of the amendments are as follows.
The convener and the chairman of the General Meeting of Shareholders of the Company had
been stipulated as the President of the Company. In order to enable non-executive Directors totake on these roles from the perspectives of allowing for more flexible operation of the General
Meeting of Shareholders and advancing the separation of business execution and management
supervision, required amendments were made to Article 13 “Convener and the Chairman” ofthe Articles of Incorporation.
Proposal 2: Election of 11 Directors
The proposal was approved and resolved as originally proposed, and 9 Directors, Messrs.
Ryuichi Arimoto, Hiroaki Shinya, Hiroyuki Akiyoshi, Takayasu Tsuyusaki, Haruhiko Kanai,
Yasushi Hirusaki, Hiizu Ichikawa, Kazumasa Kusaka and Ms. Yoko Ishida were reelected andassumed their respective offices, and 2 Directors, Messrs. Noriaki Yoshida and Tomohisa
Fukuoka were newly elected and assumed their respective offices.
Proposal 3: Election of 1 Audit & Supervisory Board Member
The proposal was approved and resolved as originally proposed, and Audit & Supervisory
Board Member Ms. Yoshiko Koizumi was reelected and assumed her office.
Proposal 4: Election of 1 Substitute Audit & Supervisory Board Member
The proposal was approved and resolved as originally proposed, and Mr. Kazuhiko Yamagishi
was elected as substitute Audit & Supervisory Board Member in preparation of a shortage in
the number of Audit & Supervisory Board Members stipulated in the laws and regulations.

In addition, the following Representative Directors and Directors with title were elected at the Board ofDirectors held after the conclusion of the Annual General Meeting of Shareholders and assumed their respectiveoffices. The new structure of officers including Executive Officers is as follows.

Director and Chairman

Ryuichi Arimoto

Director(Outside Director)

Hiizu Ichikawa

Representative Directorand President

Hiroaki ShinyaDirector(Outside Director)

Kazumasa Kusaka

Representative Directorand Executive Vice
President
Director and Executive
Vice President

Hiroyuki Akiyoshi

Director(Outside Director)

Yoko Ishida

Takayasu Tsuyusaki

Full-time Audit &Supervisory Board Member

Yoshizo Goto

Representative Directorand Senior Managing
Executive Officer

Haruhiko Kanai

Director and Managing
Executive Officer

Yasushi Hirusaki

Full-time Audit &Kunio OkamuraSupervisory Board Member(Outside Audit & Supervisory
Board Member)
Audit & Supervisory Board
Naoki HonjoMember

Director and Managing
Executive Officer

Noriaki Yoshida(newly elected)

Director and Managing
Executive Officer

Tomohisa Fukuoka(newly elected)

Executive Vice
President

Yuichi Ishikawa

Executive Officer

Toru Nakagawa

Senior Managing
Executive Officer

Yasuyoshi Iio

Executive Officer

Michio Hasegawa

Senior Managing
Executive Officer

Akimitsu Arai

Executive Officer

Takuro Hamanaka

Managing Executive
Officer

Ken Nishino

Executive Officer

Katsuya Fukasaku

Managing ExecutiveOfficer

Hiroshi Matsuda

Executive OfficerMasaru Onodera

Managing Executive
Officer

Hiroshi Yokota

Executive Officer

Tetsuro Takehara

Managing Executive
OfficerManaging Executive
Officer
Executive Officer

Yasusuke Kurosaki

Executive Officer

Osamu Katsuyama

Hideo Tamura

Executive Officer

Yoshikazu Takahashi

Kevin Tynes

Executive Officer

Tadahisa Matsunaga

Executive Officer

Hitoshi Nagasaki

Executive Officer

Shinichi Mizokuchi

Executive Officer

Hiroyuki Yamate

Executive Officer

Shinji Ishikawa

Executive Officer

Noriyuki Nakashima

Executive Officer

Kazuhiro Ibayashi

Audit & Supervisory Board
Yoshiko Koizumi
Member(Outside Audit & Supervisory
Board Member)