[Translation for Reference and Convenience Purposed Only]
Code No. 1662
June 26, 2024

To All Shareholders:Michiro Yamashita, President
Japan Petroleum Exploration Co., Ltd. (JAPEX)
1-7-12 Marunouchi, Chiyoda-ku, Tokyo

Notification of Resolutions
at the 54th Ordinary General Meeting of the Shareholders
We are pleased to inform you that the following matters were reported and resolved at the 54th Ordinary
General Meeting of the Shareholders held on June 26, 2024.
Announcements: 1)

2)

Business report and consolidated financial report of the 54th Term (from April 1,2023 to March 31, 2024), and audit reports from the accounting auditor and Boardof Corporate Auditors on the consolidated financial report
JAPEX reported the foregoing items to the shareholders present at the meeting.
Financial report of the 54th Term (from April 1, 2023 to March 31, 2024)
JAPEX reported the foregoing item to the shareholders present at the meeting.

Resolution items:
Item 1: Appropriation of Surplus
This item was approved and adopted as proposed. It was decided to pay the year-end dividends of
175 yen per share for the 54th Term.
Item 2: Partial Amendments to Articles of Incorporation
This item was approved and adopted as proposed. It was decided to have the Board of Directors
select the person with the authority to convene a meeting of the Board of Directors and the chairmanof a meeting of the Board of Directors.
Item 3: Election of Eleven (11) Directors
This item was approved and adopted as proposed. Accordingly, ten (10) Directors, Masahiro Fujita,
Michiro Yamashita, Yoshitaka Ishii, Toshiaki Nakajima, Kazuhiko Tezuka, Tetsuo Ito, Yukari
Yamashita, Hideichi Kawasaki, Kumiko Kitai, and Yoshikuni Sugiyama, were reelected, and one (1)Director, Jiro Funatsu, was newly elected, and all of them assumed their offices.
Tetsuo Ito, Yukari Yamashita, Hideichi Kawasaki, Kumiko Kitai, and Yoshikuni Sugiyama areOutside Directors.
Item 4: Election of Two (2) Corporate Auditors
This item was approved and adopted as proposed. Accordingly, two (2) Corporate Auditors,
Shinichi Takahata and Yoshitaka Kato, were newly elected, and both of them assumed their offices.
Yoshitaka Kato is Outside Corporate Auditor.
Item 5: Payment of Bonuses to Directors
This item was approved and adopted as proposed. A total bonus amount of 68,479,000 yen will be
paid to seven (7) Directors that are not Outside Directors (of the total of twelve (12) Directors)
tenured during the fiscal year ended March 31, 2024.
Item 6: Revision of the Amount of Compensation for Directors
This item was approved and adopted as proposed. Accordingly, the revised amounts ofcompensation shall be within 50 million yen per month for Directors (within 6 million yen of thatamount per month for Outside Directors). Compensation for Directors shall not include the portion ofcompensation as employees for Directors who also serve as employees, as has been in the past.
Item 7: Re-establishment of Compensation Framework for the Performance-linked Share-based
Compensation Plan for Directors, etc.
This item was approved and adopted as proposed. It was decided to re-establish the compensation
framework for the performance-linked share-based compensation plan for the Company’s Directors,
excluding Outside Directors, and Executive Officers who do not concurrently serve as Directors.
---------------------------------------------------------------------------------------------------------------------------------------The Directors, Corporate Auditors and Executive Officers comprising the new management team of theCompany are as follows:1[Translation for Reference and Convenience Purposed Only]
Directors and Corporate Auditors
Representative Director and Chairman
Representative Director and President
Representative Director
Director
Director
Director
Outside Director
Outside Director
Outside Director
Outside Director
Outside Director
Full-time Corporate Auditor
Full-time Corporate Auditor
Outside Corporate Auditor
Outside Corporate Auditor
Executive Officers
Senior Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Managing Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer
Executive Officer

Chief Executive Officer
Executive Vice PresidentManaging Executive Officer
Managing Executive Officer
Managing Executive OfficerTsuyoshi Suga
Satoshi Abe
Tomonori Ikeno
Hirofumi Kasa
Tomomi Yamada
Yasushi Nagahama
Masanori Nakano
Tadashi Ohama
Akira Yasui
Toshihiro Takahashi
Akira Suda
Yutaka Nishimura
Kazunari Hirata###2

Masahiro Fujita
Michiro Yamashita
Yoshitaka Ishii
Toshiaki Nakajima
Kazuhiko Tezuka
Jiro Funatsu
Tetsuo Ito
Yukari Yamashita
Hideichi Kawasaki
Kumiko Kitai
Yoshikuni Sugiyama
Yoshihiko Motoyama
Shinichi Takahata
Chikara Kawakita
Yoshitaka Kato