ARTICLES OF INCORPORATIONOFNISSAN CHEMICAL CORPORATION

Established on April 7, 1921
Amended on June 28, 2022

CHAPTER 1.

GENERAL PROVISIONS(Company Name)
Article 1

The name of the company shall be “Nissan Kagaku Kabushiki Kaisha,” which isexpressed in English as “Nissan Chemical Corporation” (hereinafter referred to as“the Company”).

(Purpose)
Article 2

The purpose of the Company shall be to engage in the following business activities:
1. Manufacturing, processing, sale and purchase, and import and export of thefollowing products;(1) Fertilizers, ameliorant, fodder, seeds, and agricultural materials;(2) Industrial chemicals, reagents, pesticides, compressed gas and liquefiedgas;(3) Pharmaceutical products, drugs for animals, quasi-drugs, medical devices
and cosmetics;(4) Dye, paints, pigments, organic synthetics, and synthetic resins;(5) Compounds including oxides and nitrides of light metals, rare metals andother various metals;(6) Substrates and other materials for the electronics industry, and componentsof electronic equipment;(7) Various fats and oils;(8) Equipment for the chemical industry;(9) Agricultural equipment and weighing machines;(10) Food products; and(11) Materials for the civil engineering and construction.
2. Refining and processing of metals;

13. Forestry, and processing of agricultural, forestry and fishery products;
4. Mining of minerals;
5. Quarrying;
6. Ceramic engineering;
7. Sale and purchase, and import and export of raw materials for the respective
preceding items;
8. Technical assistance for the construction and operation of manufacturing plants
in and outside Japan in connection with the above items 1 to 3;
9. Transportation;
10. Insurance agency;
11. Sale and purchase, lease and management of real properties;
12. Landscaping and greenery business;
13. Environmental research;
14. Performance on commission of and technical assistance for chemical analyses,
other various analyses, experiment and test, and examination in relation thereto;
15. Financing for subsidiaries and affiliates;
16. Any business activities and transactions related to the foregoing; and17. Holding of shares and investing in other companies, which are considerednecessary for the management of the Company.
(Location of Head Office)
Article 3

The head office of the Company shall be located in Chuo-ku, Tokyo.

(Establishment of Organs)
Article 4

The following organs shall be established in addition to shareholders meetings andDirectors:(1) Board of Directors(2) Audit & Supervisory Board Members(3) Audit & Supervisory Board(4) Accounting Auditor(Method of Public Notice)
Article 5

Public notices of the Company shall be made in electronic public notices; however,in cases where it is unable to make public notices by way of electronic public notice
due to an accident or other unavoidable reasons, public notices of the Company shallbe given by publication in the Nihon Keizai Shimbun.

2CHAPTER 2. SHARES(Total Number of Shares Authorized to Issue)
Article 6

The total number of shares authorized to issue of the Company shall be three hundredand sixty million (360,000,000) shares.

(Acquisition of Own Shares)
Article 7

The Company may acquire own shares by a resolution of the Board of Directors,
pursuant to the provision of Article 165, Paragraph 2 of the Companies Act.

(Share Unit Number)
Article 8

The number of shares to constitute one (1) unit of the Company’s shares shall be one
hundred (100) shares.

(Rights of Holders of Shares Less Than One (1) Unit)Article 9Holders of the Company’s shares less than one (1) unit may not exercise any rights
with respect to the shares they hold, except for the following rights:(1) Rights listed in each item of Article 189, Paragraph 2 of the Companies Act;
(2) Right to make a demand pursuant to the provision of Article 166, Paragraph 1of the Companies Act;
(3) Right to receive allotment of shares for subscription and share options forsubscription in accordance with the number of shares such shareholders hold;and(4) Right to make a demand as stipulated in the following Article.

(Additional Purchase of Shares Less Than One (1) Unit)
Article 10 Holders of the Company’s shares less than one (1) unit may, pursuant to theprovisions of regulations for handling of shares, make a demand for sale of shares insuch numbers as to constitute a share unit number combined with the number ofshares such shareholder holds.
(Shareholder Register Administrator)
Article 11 The Company shall have a shareholder register administrator.
2 The shareholder register administrator and its workplace shall be designated by a3

resolution of the Board of Directors and announced publicly.
3 The preparation and keeping of the Company’s shareholder register and share option
register, and other clerical work relating to these registers shall be entrusted to theshareholder register administrator and shall not be conducted by the Company.
(Regulations for Handling of Shares)
Article 12 The handling of shares of the Company and fees therefor shall be in accordance withapplicable laws and regulations, these Articles of Incorporation as well as theregulations for handling of shares established and determined by the Board ofDirectors.
(Record Date)
Article 13 In addition to the provisions of these Articles of Incorporation, the Company may,when necessary, determine a record date, on an extraordinary basis, by a resolutionof the Board of Directors upon giving prior public notice of the said record date.

CHAPTER 3.

GENERAL MEETING OF SHAREHOLDERS(Authority)
Article 14 The shareholders meeting of the Company may resolve only the matters provided forin laws and regulations or these Articles of Incorporation.
(Convocation)
Article 15 The annual shareholders meeting of the Company shall be convened in June eachyear, and an extraordinary shareholders meeting shall be convened on an as neededbasis.
2 Except as otherwise provided for by laws and regulations, the President of theCompany shall convene shareholders meetings.
(Record Date for Annual Shareholders Meeting)
Article 16 The record date for voting rights exercisable at an annual shareholders meeting shallbe March 31 of each year.
(Venue)Article 17 The shareholders meetings of the Company shall be convened in Tokyo.

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(Chairperson)
Article 18 The President shall serve as the chairperson of shareholders meetings; however, inthe event that the President is unable to do so by reasons such as vacancy or accident,
one of the other Directors shall serve as the chairperson in accordance with the orderpredetermined by the Board of Directors. The chairperson of the shareholders
meeting convened by shareholders’ demand pursuant to laws and regulations shall beelected from among the shareholders present.
(Measures, etc. for Providing Information in Electronic Format)
Article 19 When the Company convenes a shareholders meeting, it shall take measures forproviding information that constitutes the content of reference documents, etc. forthe general meeting of shareholders in electronic format.
2 Among items for which the measures for providing information in electronic format
will be taken, the Company may exclude all or some of those items designated by theMinistry of Justice Order from statements in the paper-based documents to bedelivered to shareholders who have requested the delivery of paper-based documents
by the record date of voting rights.
(Exercise of Voting Rights by Proxy)
Article 20 A shareholder may exercise his/her voting rights through one (1) proxy who shall be
another shareholder of the Company entitled to exercise voting rights.
2 In the event of the preceding paragraph, the shareholder or his/her proxy shall submitto the Company a document evidencing authority of the proxy at each shareholders
meeting.
(Method of Resolution)
Article 21 Unless otherwise provided for by laws and regulations or these Articles ofIncorporation, all resolutions of shareholders meetings shall be adopted by anaffirmative majority vote of the shareholders present who are entitled to exercise theirvoting rights at the relevant meeting.
2 Any resolution stipulated in Article 309, Paragraph 2 of the Companies Act shall beadopted by an affirmative vote of not less than two-thirds (2/3) of voting rights of theshareholders present having not less than one-thirds (1/3) of voting rights of allshareholders entitled to exercise their voting rights at the relevant meeting.

5CHAPTER 4.

DIRECTORS AND BOARD OF DIRECTORS(Number of Directors)
Article 22 The number of Directors of the Company shall be twelve (12) or less and theDirectors shall be elected at shareholders meeting.
(Election of Directors)
Article 23 A resolution for the election of Directors shall be adopted by an affirmative majority
vote of the shareholders present having not less than one-thirds (1/3) of voting rightsof all shareholders entitled to exercise their voting rights at the relevant meeting.
2 No cumulative vote shall be adopted in the election of Directors.
(Representative Director(s))
Article 24 The Board of Directors shall appoint by resolution one (1) or more RepresentativeDirector(s) of the Company. The Representative Director(s) shall represent theCompany and execute business of the Company in accordance with resolution of theBoard of Directors.
(Executive Directors and Advisor)
Article 25 The Board of Directors may appoint by resolution one (1) Chairman, one (1)President, and a few Vice Presidents.
2 The President shall be Representative Director and other Director(s) may also beappointed to Representative Director(s), as necessary.
3 The Board of Directors may appoint by resolution an Advisor, where necessary.
(Term of Office of Directors)
Article 26 The term of office of Directors shall expire at the conclusion of the annual
shareholders meeting held with respect to the last business year that ends within one(1) year after their appointment.
2 The term of office of a Director who is elected as a substitute for a Director resignedprior to the expiration of his/her term of office shall expire at the time of expirationof the term of office of the resigned Director.
(Remuneration, etc. of Directors)
Article 27 Remuneration, bonus and other property benefits received from the Company as6

compensation for execution of duties (hereinafter referred to as “Remuneration,etc.”) of Directors shall be determined by a resolution of shareholders meeting.
(Exemption from Liability of Directors)
Article 28 The Company may, by a resolution of the Board of Directors, give exemption toDirectors (including persons who have served as Directors) from liability underArticle 423, Paragraph 1 of the Companies Act within the amount of limit stipulated
by laws and regulations in the case where the relevant Directors have executed theirduties in good faith and without gross negligence.
2 The Company may execute an agreement with Outside Directors to limit their
liabilities under Article 423, Paragraph 1 of the Companies Act in the case where therelevant Outside Directors have executed their duties in good faith and without grossnegligence; however, the amount of limit of liability for damages under suchagreement shall be the minimum amount of limit of liability stipulated by laws andregulations.
(Authority of Board of Directors)
Article 29 The Board of Directors of the Company shall determine the execution of business ofthe Company and supervise the execution of duties of Directors.
(Convocation of Board of Directors Meeting)
Article 30 Notice of convocation of Board of Directors meetings shall be issued to each Directorand Audit & Supervisory Board Member at least two (2) days prior to the date ofsuch meeting; however, the said period may be shortened in case of emergency.
2 The Chairman shall convene Board of Directors meetings. In the event that theChairman is unable to do so by reasons such as vacancy or accident, one of the otherDirectors shall convene in accordance with the order predetermined by the Board ofDirectors.
(Chairperson of Board of Directors Meeting)
Article 31 The Chairman shall act as chairperson of Board of Directors meetings. In the eventthat the Chairman is unable to do so by reasons such as vacancy or accident, one ofthe other Directors shall act as chairperson in accordance with the orderpredetermined by the Board of Directors.
(Method of Resolution at Board of Directors Meeting)7Article 32 All resolutions of Board of Directors meeting shall be adopted by an affirmative
majority vote of the Directors present at the meeting where the majority of theDirectors entitled to participate in such vote are present.
2 A resolution of Board of Directors meeting shall be deemed adopted in the event therequirements of Article 370 of the Companies Act are satisfied.

CHAPTER 5.

AUDIT & SUPERVISORY BOARD MEMBERS AND AUDIT &SUPERVISORY BOARD(Number of Audit & Supervisory Board Members)
Article 33 The number of Audit & Supervisory Board Members of the Company shall be five(5) or less and the Audit & Supervisory Board Members shall be elected atshareholders meeting.
(Election of Audit & Supervisory Board Members)
Article 34 A resolution for the election of Audit & Supervisory Board Members shall be adopted
by an affirmative majority vote of the shareholders present having not less than onethirds (1/3) of voting rights of all shareholders entitled to exercise their voting rights
at the relevant meeting.
(Term of Office of Audit & Supervisory Board Members)
Article 35 The term of office of Audit & Supervisory Board Members shall expire at theconclusion of the annual shareholders meeting held with respect to the last businessyear that ends within four (4) years after their appointment.
2 The term of office of an Audit & Supervisory Board Member who is elected as asubstitute for an Audit & Supervisory Board Member resigned prior to the expirationof his/her term of office shall expire at the time of expiration of the term of office ofthe resigned Audit & Supervisory Board Member.
(Remuneration, etc. of Audit & Supervisory Board Members)
Article 36 Remuneration, etc. of Audit & Supervisory Board Members shall be determined bya resolution of shareholders meeting.
(Exemption from Liability of Audit & Supervisory Board Members)Article 37 The Company may, by a resolution of the Board of Directors, give exemption to8Audit & Supervisory Board Members (including persons who have served as Audit& Supervisory Board Members) from liability under Article 423, Paragraph 1 of theCompanies Act within the amount of limit stipulated by laws and regulations in thecase where the relevant Audit & Supervisory Board Members have executed theirduties in good faith and without gross negligence.
2 The Company may execute an agreement with Outside Audit & Supervisory BoardMembers to limit their liabilities under Article 423, Paragraph 1 of the Companies
Act in the case where the relevant Outside Audit & Supervisory Board Members haveexecuted their duties in good faith and without gross negligence; however, theamount of limit of liability for damages under such agreement shall be the minimum
amount of limit of liability stipulated by laws and regulations.
(Authority of Audit & Supervisory Board)
Article 38

The Audit & Supervisory Board of the Company shall determine the matters
stipulated by laws and regulations as well as the matters considered necessary by
the Audit & Supervisory Board in relation to the execution of the duties of Audit &Supervisory Board Members; however, exercise of the authority of Audit &Supervisory Board Members shall not be hindered.

(Convocation of Audit & Supervisory Board Meeting)
Article 39 Notice of convocation of Audit & Supervisory Board meetings shall be issued to each
Audit & Supervisory Board Member at least two (2) days prior to the date of suchmeeting; however, the said period may be shortened in case of emergency.
(Method of Resolution at Audit & Supervisory Board Meeting)
Article 40 All resolutions of Audit & Supervisory Board meeting shall be adopted by anaffirmative majority vote of Audit & Supervisory Board Members unless otherwise
provided for by laws and regulations.

CHAPTER 6. ACCOUNTING AUDITOR(Election of Accounting Auditor)
Article 41 The Accounting Auditor of the Company shall be elected at shareholders meeting.
(Term of Office of Accounting Auditor)

9Article 42 The term of office of Accounting Auditor shall expire at the conclusion of the annual
shareholders meeting held with respect to the last business year that ends within one(1) year after his/her/its appointment.
2 Unless otherwise resolved at the annual shareholders meeting set forth in thepreceding paragraph, the Accounting Auditor shall be deemed to have been re-elected
at the said annual shareholders meeting.

CHAPTER 7. ACCOUNTS(Business Year)
Article 43 The business year of the Company shall commence on April 1 of each year and end
on March 31 of the following year.
(Record Date for Dividends of Surplus)
Article 44 The record date for year-end dividends payable by the Company shall be March 31of each year.
(Interim Dividends)
Article 45 The Company may pay interim dividends as of the record date on September 30 ofeach year by a resolution of the Board of Directors.
(Period of Exemption from Dividends of Surplus)
Article 46 If dividend property is in money and is not received after the lapse of three (3) years
from the date when such dividends become payable, the Company shall be exemptedfrom its obligation to pay such dividends.

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