(This document has been translated from the original document in Japanese. In the event of any discrepancy between this English translation andthe original document in Japanese, the original document in Japanese shall prevail.)

May 10, 2024
Name of Company: Sanshin Electronics Co., Ltd.
Representative: Toshiro Suzuki (Representative Director, COO)
(Code No. 8150 Listed in the Prime Market of the Tokyo Stock Exchange)
Enquiries to: Jun-ichi Murakami (Director, Operating Officer and Senior General
Manager of Finance & Accounting Division)(Tel: +81-3-3453-5111)
For Immediate Release:

Notice of Partial Changes to the Articles of Incorporation
At its meeting of the board of directors held on May 10, 2024, the Company decided to propose the following partial
Changes to the Articles of Incorporation at the company's 73rd Ordinary General Meeting of Shareholders scheduled tobe held on June 21, 2024.

1. Rationale for the change of the Articles of Incorporation
As separately disclosed in the “Notice Regarding Transition to a Company with Audit & Supervisory Committee" dated
March 19, 2024, in order to strengthen the supervisory functions of the Board of Directors, further buttress corporate
governance and speed up management decision-making, the Company wishes to transition from a company withboard of company auditors to a company with Audit & Supervisory Committee. To fulfill this aim, subject toapproval at the 73rd ordinary general meeting of shareholders scheduled for June 21, 2024, the Company isreorganizing provisions as necessary and making the changes listed below:
・Establishment of new rules for Directors who are also Audit and Supervisory Committee members and for the Audit
and Supervisory Committee
・Elimination of rules regarding Corporate Auditors and the Board of Corporate Auditors
・Establishment of new rules to enable decisions on the execution of important duties to be delegated to Directors
・Establishment of new by-laws regarding the effective status of the eliminated rules
2. Description of changes
Details of changes are as described in the appendix.
3．Schedule
Date of the General Meeting of Shareholders for the amendment to the Articles of Incorporation:
Friday, June 21, 2024
Effective date of the amendment to the Articles of Incorporation:
Friday, June 21, 2024

End1

Appendix) Description of Changes
Current Articles of Incorporation
Chapter 1: General Provisions
Article 1 to 3
<Omission of text>(The modifications are underlined.)
Proposals for changes
Chapter 1: General Provisions
Article 1 to 3
<No change>(Governing Body)
Article 4
In addition to the General Meeting of Shareholders andDirectors, the Company shall have the following bodies:
1) Board of Directors
2) Corporate Auditors
3) Board of Corporate Auditors
4) Accounting Auditors(Governing Body)
Article 4
In addition to the General Meeting of Shareholders andDirectors, the Company shall have the following bodies:
1) Board of Directors
2) Audit & Supervisory Committee< Deletion >3) Accounting Auditors(Method of Public Notices)
Article 5<Omission of text>(Method of Public Notices)
Article 5<No change>

Chapter 2: Company Stock
Article 6 to 10 <Omission of text>

Chapter 2: Company Stock
Article 6 to 10<No change>

Chapter 3: General Meeting of Shareholders
Article 11 to 17 <Omission of text>

Chapter 3: General Meeting of Shareholders
Article 11 to 17<No change>

Chapter 4: Directors and Board of Directors(Number of Directors)
Article 18
The number of Directors of the Company shall be no morethan fifteen (15).

Chapter 4: Directors and Board of Directors(Number of Directors)
Article 18
1. The number of Directors of the Company shall be nomore than nine (9) (not including Directors who are also
Audit and Supervisory Committee members).

<New establishment>

2. The number of Directors of the Company Who are Audit& Supervisory Committee members shall be no more thansix (6)(Election of Directors)
Article 19<New establishment>(Election of Directors)
Article 19
1. Directors of the Company Who are Audit & Supervisory
Committee members shall be distinguished from Directorsof the Company who are not Audit & Supervisory
Committee members, and both shall be appointed at aGeneral Meeting of Shareholders.

The election of Directors shall be adopted at a General 2. The election of Directors shall be adopted at a General
Meeting of Shareholders where shareholders holding Meeting of Shareholders where shareholders holding
one-third (1/3) or more of the voting rights of all one-third (1/3) or more of the voting rights of allshareholders entitled to exercise voting rights are present shareholders entitled to exercise voting rights are present
and by a majority vote of the voting rights of the and by a majority vote of the voting rights of theshareholders present.
shareholders present.
2. Elections as referred to in Paragraph (1) hereof shall not 3. Elections as referred to in Paragraph (1) hereof shall not
be made by cumulative voting.
be made by cumulative voting.
(Term of Office)
Article 20
The term of office of a Director shall expire at theconclusion of the Ordinary General Meeting of
Shareholders held with respect to the last closing ofbusiness year ending within one (1) year from his/her
appointment of office.

(Term of Office)
Article 20
1. The term of office of a Director (except Directors Who
are Audit & Supervisory Committee members) shall expire
at the conclusion of the Ordinary General Meeting ofShareholders held with respect to the last closing ofbusiness year ending within one (1) year from his/her
appointment of office.
2

Current Articles of Incorporation<New establishment>

Proposals for changes
2. The term of office of a Director Who are Audit &Supervisory Committee members shall expire at theconclusion of the Ordinary General Meeting of
Shareholders held with respect to the last closing ofbusiness year ending within two (2) years from his/her
appointment of office.

<New establishment>

3. The term of office of Directors of the Company Who areAudit & Supervisory Committee members and areappointed to replace former Directors of the Company whowere Audit & Supervisory Committee members shall be
the remainder of the term of office of the Directors of theCompany who were Audit & Supervisory Committee
members whom they replaced.

(Representative Directors, etc.)(Representative Directors, etc.)
Article 21
Article 21
1. The Board of Directors (except Directors Who are Audit
1. The Board of Directors shall appoint one or more & Supervisory Committee members) shall appoint one ormore Representative Directors from among the Directors.
Representative Directors from among the Directors.
2. The Board of Directors may, by its resolution, appoint
one Chairman and one President, and Deputy Presidents,
Executive Vice Presidents, Senior Vice Presidents andAdvisors.

<Deletion>(Convocation)
Article 22
1. Notice of convocation of a meeting of the Board of
Directors shall be sent to each Director and Corporate
Auditor three (3) days in advance the date for suchmeeting; provided, however, that such period may be
shortened in case of emergency.

(Convocation)
Article 22
1. Notice of convocation of a meeting of the Board of
Directors shall be sent to each Director three (3) days inadvance the date for such meeting; provided, however, thatsuch period may be shortened in case of emergency.

2. When a Director makes a proposal in regard to an issue
for resolution by the Board of Directors, that resolution
shall be considered to have been approved by the Board ofDirectors if all Directors who may join in on the resolutionof that matter express their intent of agreement in written or
electromagnetic form and the Corporate Auditors do notvoice an objection.

2. When a Director makes a proposal in regard to an issue
for resolution by the Board of Directors, that resolution
shall be considered to have been approved by the Board ofDirectors if all Directors who may join in on the resolutionof that matter express their intent of agreement in written
or electromagnetic form.

<New establishment>(Delegation of Decisions on Execution of ImportantDuties)
Article 23
As specified in Article 399-13, Paragraph 6 of theCompany Law, the Company may, by resolution of theBoard of Directors, delegate some or all decisions on
execution of important duties (except those listed in each
Item of Paragraph 5 of the Article) to Directors.

Article 23 to 24<Omission of text>

Article 24 to 25Chapter 5: Corporate Auditors and Board of CorporateAuditors(Election of Corporate Auditors)
Article 25
The election of Corporate Auditors shall be adopted at a
General Meeting of Shareholders where shareholders
holding one-third (1/3) or more of the voting rights of allshareholders who are entitled to exercise voting rights are<No change><Deletion><Deletion>3

Current Articles of Incorporation
present and by a majority vote of the voting rights of theshareholders present.

Proposals for changes(Term of Office)
Article 26
1. The term of office of a Corporate Auditor shall expire atthe conclusion of the Ordinary General Meeting ofShareholders held with respect to the last closing ofbusiness year ending within four (4) years from his/herappointment of office.
2. The term of office of any Corporate Auditor who is
elected to fill a vacancy shall expire at the time of
expiration of the term of office of the retired CorporateAuditor.

<Deletion><Deletion>(Standing Corporate Auditors)
Article 27
The Board of Corporate Auditors shall appoint Standing
Corporate Auditors from among the Corporate Auditors.

<Deletion>(Convocation)
Article 28
Notice of convocation of a meeting of the Board of
Corporate Auditors shall be sent to each Corporate Auditor
three (3) days in advance to the date for such meeting;provided, however, that such period may be shortened incase of emergency.

<Deletion>(Regulations of Board of Corporate Auditors)
Article 29
Unless otherwise provided for by laws or ordinances orthese Articles of Incorporation, the Board of Corporate
Auditors shall be governed by the Regulations of the Boardof Corporate Auditors established by the Board of
Corporate Auditors.

<Deletion>(Release of Liability of Corporate Auditor)
Article 30
1. Pursuant to the provisions of Article 426, Paragraph 1 ofthe Company Law, the Company may release liability fordamage in the event that the Corporate Auditor (including
those who previously held these positions) fails to perform
his/her duties, through a resolution of the Board ofDirectors.

<Deletion><Deletion>
2. The Company may enter into a contract for limitation ofliability with a Corporate Auditor ,pursuant to the provisions of Article 427,Paragraph 1 of theCompanies Act , to limit liability for damage in the eventthat he/she fails to perform his/her duties. However, theamount of their liability under these agreements is limitedby laws and regulations.
<New establishment>

Chapter 5: Audit & Supervisory Committee(Full-time Audit & Supervisory Committee members)
Article 26
The Audit & Supervisory Committee may, by its
resolutions, select full-time Audit & Supervisory
Committee members.

<New establishment>

4Current Articles of Incorporation

Proposals for changes(Notices of Convocation of the Audit and Supervisory
Committee)
Article 27
Notices of convocation of the Audit & Supervisory
Committee are in principle issued to the Audit &Supervisory Committee members no later than three (3)days before the date of the meeting. However, in urgent
cases this notice period may be shortened.

<New establishment>(Regulations of the Audit & Supervisory Committee)
Article 28
Items related to the Audit & Supervisory Committee aredetermined by law, in these Articles of Incorporation and in
the Regulations of the Audit & Supervisory Committee as
determined by the Audit & Supervisory Committee.

<New establishment>

Article 31 to 34

Chapter 6: Accounting<Omission of text>

Article 29 to 32<New establishment>

Chapter 6: Accounting<No change>

Supplementary Provisions(Transitional Measures on Exemption from Liability ofAuditors)
Article 1
As specified in Article 426, Paragraph 1 of the Companies
Act, the Company may, by resolution of the Board ofDirectors, exempt Auditors (including former Auditors) as
identified in Article 423, Paragraph 1 of the Companies Act
from liability for damages regarding actions taken before
the closing of the 73rd Ordinary General Meeting ofShareholders, to the extent permitted by law.

<New establishment>5