December 25, 2023
For Immediate Release:
MTI Ltd.
Representative: Toshihiro Maeta,President and Chief Executive Officer
Listing: TSE Prime [9438]
Contact: Hiroshi Matsumoto,Senior managing Director

NOTICE OF RESULTS OF VOTING RIGHTS AT
THE 28TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
MTI Ltd. announces that at the 28th annual general meeting of shareholders held on December 23, 2023,
resolutions were adopted on the proposals described below. All proposals were adopted by a majority vote ofshareholders who exercised their voting rights in advance of the meeting and shareholders who were present
at the meeting. Details are as follows:
1. Proposals
Proposal 1: Appropriation of surplus(1) Matters concerning the allotment of dividend property to shareholders and total amount thereof :8 yen per share of the Company’s common stock, in a total amount 440,462,928 yen(2) Effective date
December 25, 2023
Proposal 2: Election of ten (10) directors
Election of ten (10) directors: Toshihiro Maeta, Hiroshi Izumi, Hiroshi Matsumoto, Koichi Ishikawa,Muzhi Zhou, Hikaru Yamamoto, Ryosuke Tsuchiya, Satoshi Fujita, Yoshinori Yokoyama and Hideaki
Wada.
Proposal 3: Election of one (1) statutory auditor
Election of one (1) statutory auditor: Takako Okuda
2. The numbers of votes in favor, votes against, and abstentions, requirements for resolutions, andresults
Voting results
Number of
Number of
Number ofRatio ofMatters resolved
votes
votes against
Adoptedabstentions
votes inin favor
proposals
or notfavor (%)
Proposal 1: Appropriation of surplus

498,685165

099.80AdoptedToshihiro Maeta

495,203

3,647

099.10AdoptedHiroshi Izumi495,178

3,672

099.10AdoptedHiroshi Matsumoto

495,207

3,643

099.10AdoptedKoichi Ishikawa

497,7621,088

099.61AdoptedMuzhi Zhou

495,1313,719

099.09AdoptedHikaru Yamamoto

495,133

3,717

099.09AdoptedRyosuke Tsuchiya

495,104

3,746

099.08AdoptedSatoshi Fujita493,1545,696

098.69AdoptedYoshinori Yokoyama

495,127

3,723

099.09AdoptedHideaki Wada

480,961

17,889096.25Adopted

Proposal 2: Election of ten (10) directors

1Matters resolved

Number of

Number ofvotes

votes againstin favor

proposals

Voting results
Number ofRatio ofabstentions

votes infavor (%)

Adoptedor not

Proposal 3: Election of one (1) statutory auditor
Takako Okuda
498,544306
099.77 Adopted
The resolution for Proposal 1 shall be adopted by a majority of the voting rights of shareholders present
that are entitled to exercise voting rights.
The resolution for Proposal 2 and Proposal 3 shall be adopted by a majority of the voting rights ofshareholders present if shareholders holding a third or more of the voting rights of all shareholders thatare entitled to exercise voting rights are present.
3. Reason why part of the voting rights of shareholders present at the shareholders’ meeting were notcounted
The voting rights of shareholders present at the shareholders’ meeting that were not confirmed to be votes infavor, votes against, or votes withheld were not counted because the aggregation of the voting rights exercised
before the shareholders’ meeting and the voting rights of shareholders present at the meeting whose votes
were confirmed to be votes in favor, votes against, or votes withheld satisfied the requirements for theresolution and the resolution was adopted under the Companies Act.
Contact information for inquiries
Investor Relations OfficeE-mail: ir@mti.co.jp URL： https://ir.mti.co.jp/eng/

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