These documents are partial translations of the Japanese originals for reference purpose only.
In the event of any discrepancy between these translated documents and the Japanese originals,
the originals shall prevail. The Company assumes no responsibility for these translations or for
direct, indirect or any other forms of damages arising from the translations.
(Securities Code: 8418)
June 4, 2020
Dear shareholders:Takeshi Yoshimura
President
Yamaguchi Financial Group, Inc.
2-36, 4-chome Takezaki-cho,
Shimonoseki, Yamaguchi

NOTICE OF CONVOCATION OF
THE 14th ANNUAL GENERAL MEETING OF SHAREHOLDERS
We would like to notify you that the 14th Annual General Meeting of Shareholders of Yamaguchi
Financial Group, Inc. (the “Company”) will be held as described below.
In response to the recent situation of the novel coronavirus infection, as a result of carefulconsideration, we will be holding the General Meeting of Shareholders upon conducting appropriate
infection prevention measures.
We would like to ask all our shareholders to exercise their voting rights in advance via internet orin writing as much as possible, and refrain from attending the General Meeting of Shareholders
regardless of their physical conditions to prevent the spread of infection.
Please review the Reference Documents for the Annual Meeting of Shareholders (describedhereinafter) and exercise your voting rights by 5:30 p.m. on Wednesday, June 24, 2020 Japan time,
following the instructions described in the next page.
1. Date and Time: 10:00 a.m., Thursday, June 25, 2020
(The reception for attendees begins at 9:00 a.m.)
2. Place:

8F hall, Head Office of Yamaguchi Bank,
2-36, 4-chome Takezaki-cho, Shimonoseki, Yamaguchi

In order to prevent the spread of infection, we will secure spaces between seats at this General
Meeting of Shareholders and so the number of seats available to our shareholders will besignificantly smaller than previous years. Therefore, admission may be restricted on the day of themeeting. We may also restrict the admission of shareholders if we determine that the epidemic
situation will present a risk to the health of our shareholders. In addition, we would not be giving
souvenirs to the attending shareholders this year. Thank you for your understanding andcooperation.

1

3. Agenda:
Matters to be reported:
1. The Business Report, the Consolidated Financial Statements for the 14th Fiscal Year (from
April 1, 2019 to March 31, 2020), and the Audit Report on the Consolidated Financial
Statements by the Accounting Auditor and the Audit and Supervisory Committee
2. The Non-Consolidated Financial Statements for the 14th Fiscal Year (from April 1, 2019 toMarch 31, 2020)
Matters to be resolved:
Proposal 1: Election of Seven (7) Directors (Excluding Directors Who Serve as Audit andSupervisory Committee Members)
Proposal 2: Election of One (1) Director Who Serves as Audit and Supervisory Committee
Member~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~● When attending the meeting, please submit the enclosed Voting Rights Exercise Form at thereception on the day of the Meeting. Please also bring this Notice of Convocation to the meetingwith you for the sake of paper resource saving. In the case of attendance by proxy, pleasepresent, to the receptionist at the Meeting, a document evidencing authority of the proxy to act
as such, together with the Voting Rights Exercise Form. Please note that such proxy must be
one shareholder of the Company entitled to exercise its own voting rights at the Meeting.
● The following items are posted on the Company website (http://www.ymfg.co.jp) in accordancewith laws and regulations as well as Article 17 of the Articles of Incorporation of the Company.
1) Matters Concerning the Company’s Stock Acquisition Rights, etc. in the Business Report
2) The Notes to the Consolidated Financial Statements
3) The Notes to the Non-Consolidated Financial Statements● Any revisions to the Reference Documents for the Annual General Meeting of Shareholders, andBusiness Report, Consolidated Financial Statements and Non-Consolidated Financial
Statements will be posted on the Company website (http://www.ymfg.co.jp).

2

GUIDANCE ON EXERCISE OF VOTING RIGHTS
We would like to ask all our shareholders to exercise their voting rights in advance via internet
or in writing as much as possible, and refrain from attending the General Meeting of
Shareholders regardless of their physical conditions to prevent the spread of the novel
coronavirus infection.
1.

Exercise of Voting Rights via Internet, etc.
Please access the website for exercise of voting rights (https://evote.tr.mufg.jp/) and follow theon-screen instructions to indicate your approval or disapproval of the proposals by 5:30 p.m.
on Wednesday, June 24, 2020 Japan time.

2.

Exercise of Voting Rights by Mail
Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise
Form and return it by 5:30 p.m. on Wednesday, June 24, 2020 Japan time.
If you do not indicate any approval or disapproval of the proposals on the said enclosed voting
form, the Company shall deem that you have approved these proposals.

3.

Exercise of Voting Rights by Attending the Meeting
When attending the meeting, please submit the enclosed Voting Rights Exercise Form at thereception on the day of the Meeting.
Date and Time: 10:00 a.m. on Thursday, June 25, 2020 Japan time3

GUIDANCE ON EXERCISE OF VOTING RIGHTS VIA INTERNET
Scanning the QR code
You can log in to the Voting Web Site without entering your log-in ID and provisional password
printed in your Voting Rights Exercise Sub-Form.
(1) Please scan the QR code printed on your Voting Rights Exercise Sub-Form (right part).
* “QR code” is a registered trademark of DENSO WAVE INCORPORATED.
(2) After scanning the QR code, please follow the on-screen instructions and indicate your approvalor disapproval of each proposals.
You may log in by using the QR code only once. In case of exercising your voting rights again, or
exercising your voting rights without using the QR code, please confirm “Entering the log-in ID andprovisional password” below.
Entering the log-in ID and provisional password
Voting Web Site (https://evote.tr.mufg.jp/)(1) Access to the Voting Web Site.
(2) Enter your “Log-in ID and provisional password” printed in your Voting Rights Exercise Form,and click “Log in.”(3) Enter your “New password,” and click “Submit” to register.
(4) Follow the on-screen instructions and indicate your approval or disapproval of each proposals.
[Notes for exercising your voting rights via internet]■ Shareholders will be responsible for internet connection charges and the communication
charges, etc. arising from accessing to voting web site.
■ Voting Right Exercised in Plural Times Please be noted in case that a voting right is exercised in both by mail and internet, onlyinternet voting is treated as effective voting irrespective of the arrival date and hour ofvoting.
 In case that a voting right is exercised by internet more than one time, last voting is treatedas effective voting.
Please contact below if you have any inquiries on how to operate your computer, smartphone ormobile phone when exercising your voting rights via internet.
CONTACT ON SYSTEM INFORMATION
Help Desk: Security Agency, Mitsubishi UFJ Trust & Banking Corporation
Tel 0120-173-027 (9:00 – 21:00, toll free) (Japan Time)

Institutional investors may use the electronic voting platform for institutional investors operated
by ICJ, Inc.

4

REFERENCE MATERIALS FOR THE GENERAL MEETING OF SHAREHOLDERS
Proposals and References
Proposal 1: Election of Seven (7) Directors (Excluding Directors Who Serve as Audit andSupervisory Committee Members)
The term of office of all six (6) Directors (here and hereafter with regard to this proposal, excluding
Directors who serve as Audit and Supervisory Committee Members) will expire at the conclusion ofthis Annual General Meeting of Shareholders.
In order to strengthen and diversify the Board of Directors, the Company will review the member
composition that previously centered on internal Directors, raise the diversity of the Board of
Directors, and establish a structure in which the majority of the Board of Directors consists of
Outside Directors.
Accordingly, the Company proposes to increase the number of Directors by one (1) and elect seven(7) Directors.
This proposal was reviewed at the Audit and Supervisory Committee with no objections being
raised.
The candidates for Directors are as follows:
Candidate
No.

Name

1

Takeshi Yoshimura

Date of birth

Current position in the Company, etc.

April 3, 1960

President

Reappointment

Executive Officer(Representative Director of
YMFG ZONE PLANNING
CO., LTD.)(Representative Director of
YM Career Inc.)

New appointment(Director, Senior Managing
Executive Officer of The
Yamaguchi Bank, Ltd.)New appointment

2

Keisuke Mukunashi

April 11, 1970

3

Koichiro Kuno

September 23, 1960

4

Masao Kusunoki

January 3, 1948

5

Yumiko Nagasawa

November 6, 1959

6

Noriyuki Yanagawa

April 23, 1963-

7

Minako Suematsu

March 17, 1968-

Director(Outside Director of The
Yamaguchi Bank, Ltd.)

Reappointment: Reappointed Director candidate
New appointment: Newly appointed Director candidate
Outside: Outside Director candidate
Independent: Independent Director registered with the Stock Exchanges

5

Reappointment
OutsideIndependent
New appointment
OutsideIndependent
New appointment
OutsideIndependent
New appointment
OutsideIndependent

CandidateNo.
1

Takeshi Yoshimura(Reappointment)(Male, Date of birth: April 3, 1960)

Number of shares of the company
ownedYears as a Director

11 years

16,500 shares

Brief personal profile, position and principal duty in the Company, and important concurrent positions
April 1983
Joined The Yamaguchi Bank, Ltd.
June 2015
Managing Director of the said bankJanuary 2005 Deputy General Manager, HiroshimaJune 2016
President of the Company (present
Headquarters of the said bankposition)
April 2005
Deputy General Manager, Corporate
June 2016
President of the said bank
Planning Department (Hiroshima) ofJune 2017
Director of Momiji Bank, Ltd.
the said bankJune 2017
Director of The Kitakyushu Bank, Ltd.
October 2006
Deputy General Manager, Corporate
June 2018
Chairman of The Yamaguchi Bank,
Planning Department of the said bankLtd. (present position)
October 2006
General Manager, Corporate Planning
In charge of Retail Banking Business Group and
Department of the Company
January 2007 General Manager, Corporate Planning
Corporate Planning Administration Group
Department of the said bank
(Status of material concurrent position)
June 2009
Director of the said bankJune 2009
Director of the Company
Chairman of The Yamaguchi Bank, Ltd.
June 2011
Managing Director and General(Representative Director)
Manager, Tokuyama Branch of the saidbankJune 2012Managing Director and General
Manager, Tokyo Headquarters of thesaid bank[Reasons for selection as candidate for Director]
He has served to supervise the overall management of the Company and its subsidiaries (the Group), includingbanks, as President of the Company and Chairman of The Yamaguchi Bank, Ltd., possessing knowledge andexperience required for sound and appropriate operation of the Group, and as the Company has judged that he willappropriately execute the duties of Director of the Company, he has been made a candidate for Director.
CandidateNo.
2

Keisuke Mukunashi(New appointment)(Male, Date of birth: April 11, 1970)

Number of shares of thecompany owned

Years as a Director－ years

1,000 shares

Brief personal profile, position and principal duty in the Company, and important concurrent positions
April 1995
Joined The Yamaguchi Bank, Ltd.
June 2019
Executive Officer of the Company
January 2012 General Manager, Akasakamon Branch(present position)of The Kitakyushu Bank, Ltd.
July 2019
Representative Director of YM Career
September 2013 General Manager, Ogori Branch of The
Inc. (present position)
Yamaguchi Bank, Ltd.
(Status of material concurrent positions)January 2016 General Manager, Business Potential
Assessment Department of the said
Representative Director of YMFG ZONE PLANNING
bankCO., LTD.
June 2017
Representative Director of YMFG
Representative Director of YM Career Inc.
ZONE PLANNING CO., LTD. (present
position)[Reasons for selection as candidate for Director]
He has led businesses related to regional revitalization and resolution of regional issues as Executive Officer of theCompany, Representative Director of YMFG ZONE PLANNING CO., LTD. and Representative Director of YM
Career Inc. as well as served as General Manager of branches and divisions and departments of banks within theGroup, possessing knowledge and experience required for sound and appropriate operation of the Group, and as
the Company has judged that he will appropriately execute the duties of Director of the Company, he has been
made a candidate for Director.

6

Candidate
No.
3

Koichiro Kuno
(New appointment)(Male, Date of birth: September 23,
1960)

Number of shares of the company
ownedYears as a Director－ years

7,100 shares

Brief personal profile, position and principal duty in the Company, and important concurrent positions
April 1983
Joined The Yamaguchi Bank, Ltd.
June 2013
General Manager, Hofu Branch of The
June 2005
General Manager, Yahatachuo Branch of
Yamaguchi Bank, Ltd.
the said bankJune 2014
General Manager, Head Office Sales
June 2007
General Manager, Nagasaki Branch of
Department of the said bankthe said bankJune 2014
Director and General Manager, Head
June 2009
General Manager, Fukuyama Branch of
Office Sales Department of the said
the said bankbank
October 2010
General Manager, Yahata Branch of theJune 2016
Managing Director and Generalsaid bank
Manager, Tokuyama Branch of the said
October 2011
General Manager, Yahata Branch of The
bank
Kitakyushu Bank, Ltd.
June 2018
Senior Managing Director and General
Manager, Tokuyama Branch of the saidbankJune 2019
Director, Senior Managing Executive
Officer and General Manager,
Tokuyama Branch of the said bank(present position)[Reasons for selection as candidate for Director]
He has served as area supervisor and General Manager of major branches within the Group as Director and Senior
Managing Executive Officer of The Yamaguchi Bank, Ltd., possessing knowledge and experience required forsound and appropriate operation of the Group, and as the Company has judged that he will appropriately executethe duties of Director of the Company, he has been made a candidate for Director.

7

Masao Kusunoki
CandidateNo.
4(Reappointment)(Outside)(Independent)(Male, Date of birth: January 3, 1948)

Number of shares of the company
ownedYears as a Director

2 years

1,100 shares

Brief personal profile, position and principal duty in the Company, and important concurrent positions
April 1970
Joined Tokuyama Soda Co., Ltd.
June 2011
President, EXCEL SHANON(renamed to Tokuyama Corporation in
CORPORATION
April 1994)
April 2015
Executive Officer of Tokuyama
June 2001
Director of the said company
Corporation
April 2003
Managing Director of the said company June 2015
Representative Director, Chairperson and
April 2011
Managing Director, Executive Officer of
Executive Officer of the said company
the said company
June 2018
Director of the Company (present
June 2011
Corporate Advisor of the said company
position)
April 2019
Representative Director of Tokuyama
Corporation
June 2019
Advisor of the said company (present
position)(Status of material concurrent position)
Advisor of Tokuyama Corporation[Reasons for selection as candidate for Outside Director]
He has been conducting corporate management supervision of the Company from a fair and objective standpoint,
as an Outside Director. Based on advanced insights and a wealth of experience as a corporate manager fostered byserving as Representative Director, Chairperson and Executive Officer of Tokuyama Corporation and otherexecutive positions, the Company expects that he will strengthen the effectiveness of the decision-making functions
and supervisory functions of the Board of Directors of the Company by providing pertinent recommendations
toward overall management taking into account local economic conditions, etc., and also further strengthen
corporate governance of the Group, and thus requests his election as a Director.
[Independence of the candidate]With respect to transactional relationships, etc., between Tokuyama Corporation, where Mr. Masao Kusunoki
served as a business executive, and the Group, as net sales of the said company resulting from transactions with
the Group as a proportion of consolidated net sales and income of the Group resulting from transactions with said
company and its group companies as a proportion of consolidated ordinary income are each less than 1%, etc., there
is no effect on his independence.

8

Yumiko Nagasawa
CandidateNo.
5(New appointment)(Outside)(Independent)(Female, Date of birth: November 6, 1959)

Number of shares of thecompany owned

Years as a Director− years− shares

Brief personal profile, position and principal duty in the Company, and important concurrent positions
April 1984
Joined The Nikko Securities Co., Ltd.
June 2018
Representative Commissioner andJuly 1997
Vice President, Retail Investment
Deputy Chairman of Nippon Association
Department of Citibank N.A. (Tokyo)
of Consumer Specialists (present
June 2000
Vice President, SSB Citi Assetposition)Management Co., Ltd.
June 2018
Commissioner of Japan Industrial
December 2004 Secretary General of Foster Forum
Association(present position)
June 2018
Facilitator of the said forum (present
June 2018
Director of The Yamaguchi Bank, Ltd.
position)(present position)(Status of material concurrent positions)
Facilitator of Foster Forum
Director of The Yamaguchi Bank, Ltd. (Outside
Director)[Reasons for selection as candidate for Outside Director]
Although she has never been involved in corporate management in the past other than as Outside Officer, she has
been conducting corporate management supervision of the company from a fair and objective standpoint, as an
Outside Director of The Yamaguchi Bank, Ltd. She possesses a wealth of experience regarding financial
instruments such as establishing a citizen group “Foster Forum” after serving at financial institutions. The
Company expects that she will strengthen the effectiveness of the decision-making functions and supervisory
functions of the Board of Directors of the Company by providing pertinent recommendations toward overallmanagement based on her professional insight as well as the perspective of a citizen, and also further strengthen
corporate governance of the Group, and thus requests her election as a Director.

CandidateNo.
6

Noriyuki Yanagawa (New appointment)(Outside)(Independent)(Male, Date of birth: April 23, 1963)

Number of shares of thecompany owned

Years as a Director− years− shares

Brief personal profile, position and principal duty in the Company, and important concurrent positions
April 1993
Assistant Professor of Faculty ofApril 2018
Advisor of Sompo Holdings, Inc.
Economics, Keio University(present position)
April 1996
Assistant Professor of Graduate School(Status of material concurrent positions)of Economics, University of Tokyo
April 2007
Associate Professor of Graduate School
Professor of Graduate School of Economics, Faculty ofof Economics, University of Tokyo
Economics, University of Tokyo(change of organization system)
Director of Sumitomo Mitsui Asset Management
December 2011 Professor of Graduate School ofCompany, Limited
Economics, Faculty of Economics,
Advisor of Sompo Holdings, Inc.
University of Tokyo (present position)
June 2016
Director of Sumitomo Mitsui AssetManagement Company, Limited(present position)[Reasons for selection as candidate for Outside Director]
Although he has never been involved in corporate management in the past other than as Outside Officer, he
specializes in financial contracts, and laws and economics as Professor of Graduate School of Economics, Faculty of
Economics, University of Tokyo, and also served as a member of various councils of the Ministry of Economy, Tradeand Industry, the Financial Services Agency and the Cabinet Office. Based on his advanced insights specializing in
finance and economics, the Company expects that he will strengthen the effectiveness of the decision-making
functions and supervisory functions of the Board of Directors of the Company by providing pertinent
recommendations toward overall management based on his insights, and also further strengthen corporate
governance of the Group, and thus requests his election as a Director.

9

Minako Suematsu
CandidateNo.
7(New appointment)(Outside)(Independent)(Female, Date of birth: March 17, 1968)

Number of shares of thecompany owned

Years as a Director− years− shares

Brief personal profile, position and principal duty in the Company, and important concurrent positions
March 1993 Established Kapusu, Co., Ltd.
January 2020 President of Jinseki Kogen Gakuen
Representative Director
Institution(present position)
March 2001 Established News2u Corporation(currently News2u Holdings Corporation) (Status of material concurrent positions)Representative Director (present
Representative Director, Chairman and President of
position)
The Japan Times, Ltd.
January 2014 Director of TSUNEISHI HOLDINGS
Representative Director of News2u Holdings
CORPORATION
Corporation
April 2017
President of Miroku-no-sato JapanesePresident of Jinseki Kogen Gakuen Institution
Language School Of International
President of Miroku-no-sato Japanese Language School
Culture Institute (present position)
Of International Culture InstituteJune 2017
Representative Director, Chairman andPresident of The Japan Times, Ltd.
(present position)[Reasons for selection as candidate for Outside Director]
She has been delivering present conditions of Japan and global trends on a daily basis as Representative Director,
Chairman and President of The Japan Times, Ltd. She also has advanced knowledge about online businessdevelopment, such as establishing an internet-related business, and is actively working to increase the brand valueof her hometown Setouchi area. The Company expects that she will strengthen the effectiveness of thedecision-making functions and supervisory functions of the Board of Directors of the Company by providing
pertinent recommendations on the Company’s current initiatives to increase the value of regional communities,
and also further strengthen corporate governance of the Group, and thus requests her election as a Director.

10

(Notes)
1. The Group banks have business transactions including deposits and loans with Tokuyama Corporation, where
Mr. Masao Kusunoki serves as Representative Director.
The Group banks have regular banking transaction as general depositor with Jinseki Kogen Gakuen Institution,
where Ms. Minako Suematsu serves as President.
No special interests exist between the Company and other candidates.
Mr. Takeshi Yoshimura is scheduled to be appointed Chairman (Representative Director) Group CEO of theCompany at the Board of Directors Meeting of the Company to be held on June 25, 2020.
3. Mr. Keisuke Mukunashi is scheduled to be appointed President (Representative Director) Group COO of theCompany at the Board of Directors Meeting of the Company to be held on June 25, 2020.
4. Mr. Koichiro Kuno is scheduled to be appointed Vice President Unit COO of the Company at the Board of
Directors Meeting of the Company to be held on June 25, 2020.
5. Mr. Koichiro Kuno is scheduled to be appointed part-time Director of The Yamaguchi Bank, Ltd. at the Annual
General Meeting of Shareholders of the said bank and the Board of Directors Meeting of the said bank to be heldon June 25, 2020.
6. Mr. Koichiro Kuno is scheduled to be appointed part-time Director of Momiji Bank, Ltd. at the Annual General
Meeting of Shareholders of the said bank and the Board of Directors Meeting of the said bank to be held on June24, 2020.
7. Mr. Koichiro Kuno is scheduled to be appointed part-time Director of The Kitakyushu Bank, Ltd. at the Annual
General Meeting of Shareholders of the said bank and the Board of Directors Meeting of the said bank to be heldon June 24, 2020.
8. Ms. Yumiko Nagasawa is scheduled to retire from the position of Outside Director of The Yamaguchi Bank, Ltd.
at the conclusion of the Annual General Meeting of Shareholders of the said bank to be held on June 25, 2020.
9. The Company has registered Mr. Masao Kusunoki as Independent Director as provided for the rules of Tokyo
Stock Exchange, Inc. If he is elected at this Annual General Meeting of Shareholders, he is planned to remain in
office as Independent Director. In addition, if Ms. Yumiko Nagasawa, Mr. Noriyuki Yanagawa and Ms. Minako
Suematsu are elected at this Annual General Meeting of Shareholders, the Company will register them as
Independent Directors respectively as provided for the rules of Tokyo Stock Exchange, Inc.
10. With respect to liabilities of Article 423, Paragraph 1 of the Companies Act, as defined in the Articles ofIncorporation, the Company may conclude liability limitation agreements with Directors (excluding Executive
Directors) to limit their liability for damages to the minimum limit for liability as stipulated in Article 425,
Paragraph 1 of the Companies Act, provided that duties were performed in good faith and without grossnegligence. The Company has concluded said liability limitation agreement with Mr. Masao Kusunoki, and if
his election is approved at this Annual General Meeting of Shareholders, the Company plans to continue said
liability limitation agreement with him. In addition, if Ms. Yumiko Nagasawa, Mr. Noriyuki Yanagawa and Ms.
Minako Suematsu are elected at this Annual General Meeting of Shareholders, the Company will conclude said
liability limitation agreement with them respectively.
2.

11

Proposal 2: Election of One (1) Director Who Serves as Audit and Supervisory Committee Member
The term of office of Director who serves as Audit and Supervisory Committee Member Mr. Susumu
Fukuda will expire at the conclusion of this Annual General Meeting of Shareholders. Accordingly,
the Company proposes that one (1) Director who serves as Audit and Supervisory Committee
Member be elected. This proposal has received the approval of the Audit and Supervisory
Committee.
The proposal was reviewed by each Director who serves as the Audit and Supervisory Committeewith no objections being raised.
The candidate for Director who serves as Audit and Supervisory Committee Member is as follows:
Susumu Fukuda(Reappointment)(Male, Date of birth: January 12, 1962)

Number of shares of the company
ownedYears as a Director

4 years

10,200 shares

Brief personal profile, position and principal duty in the Company, and important concurrent positions
April 1984
Joined The Yamaguchi Bank, Ltd.
April 2013
General Manager, Risk Administration
June 2011
General Manager, Compliance & Risk
Department of the Company
Administration Department of the said
June 2013
General Manager, Audit and Inspectionbank
Department of the Company
June 2011
General Manager, Compliance & Risk
June 2016
Director who serves as Audit andAdministration Department of theSupervisory Committee Member of theCompany
Company (present position)
April 2013
General Manager, Risk Administration
Department of The Yamaguchi Bank,
Ltd.
[Reasons for selection as candidate for Director who serves as Audit and Supervisory Committee Member]
He has appropriately audited the execution of duties of Directors as Director who serves as Audit and Supervisory
Committee Member. He has served as General Managers of Audit and Inspection Department and Risk
Administration Department of the Company and within the Group bank, possessing knowledge and experience
required for sound and appropriate operation of the Group, and as the Company has judged that he willappropriately execute the duties of Audit and Supervisory Committee Member, he has been made a candidate for
Director who serves as Audit and Supervisory Committee Member.
(Note)
No special interests exist between the candidate and the Company.

End of document12