Note: This document has been translated from a part of the Japanese original for reference purposes only. In
the event of any discrepancy between this translated document and the Japanese original, the original shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.

December 26, 2016
For Immediate Release:
MTI Ltd.
Toshihiro Maeta,
President and Chief Executive Officer
Listing: Tokyo Stock Exchange(First Section) [9438]
Contact: Hiroshi Matsumoto, Managing Director
Tel: +81-3-5333-6323

NOTICE OF RESULTS OF VOTING RIGHTS AT
THE 21ST ANNUAL GENERAL MEETING OF SHAREHOLDERS
MTI Ltd. announces that at the 21st annual general meeting of shareholders held on December 23, 2016,
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 444,991,776 yen(2) Effective date
December 26, 2016
Proposal 2: Election of eight (8) directors
Election of eight (8) directors: Toshihiro Maeta, Hiroshi Izumi, Yoshihiro Shimizu, Katsunori Osawa,Hiroshi Matsumoto, Masaya Onagi, Muzhi Zhou, and Hikaru Yamamoto
Proposal 3: Election of one (1) statutory auditor
Election of one (1) statutory auditor: Yoshinobu Nakamura
2. The numbers of votes in favor, votes against, and abstentions, requirements for resolutions, andresults
Voting results
Number of
Number of
Number of
Ratio ofMatters resolved
votes
votes against
Adoptedabstentions
votes inin favor
proposals
or notfavor (%)
Proposal 1: Appropriation of surplus

445,941

344

1,479

96.11

AdoptedToshihiro Maeta

444,343

1,944

1,479

95.76

AdoptedHiroshi Izumi

444,343

1,944

1,479

95.76

AdoptedYoshihiro Shimizu

444,343

1,944

1,479

95.76

AdoptedKatsunori Osawa

444,343

1,944

1,479

95.76

AdoptedHiroshi Matsumoto

444,343

1,944

1,479

95.76

Adopted

Proposal 2: Election of eight (8) directors

1Matters resolved

Number of

Number ofvotes

votes against

in favor

proposals

Voting results
Number of

Ratio ofabstentions

votes infavor (%)

Adoptedor notMasaya Onagi

445,117

1,170

1,479

95.93

AdoptedMuzhi Zhou

445,746

541

1,479

96.07

AdoptedHikaru Yamamoto

445,755

532

1,479

96.07

Adopted

Proposal 3: Election of one (1) statutory auditor
Yoshinobu Nakamura
444,9221,365
1,479
95.89 Adopted(Note) The requirements for resolutions are as follows:
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 notcountedThe voting rights of shareholders present at the shareholders’ meeting that were not confirmed to be votes
in favor, 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 the resolution and the resolution was adopted under the Companies Act.

【Contact information for inquiries】
Investor relations office
MTI Ltd.
Tel : +81-3-5333-6323
Fax : +81-3-3320-0189
E-mail：ir@mti.co.jp URL：http://www.mti.co.jp/eng

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