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.
Securities Code 9066June 8, 2020
To Shareholders with Voting Rights:
Masahiro Tsutsui
President and Chief Operating Officer
NISSIN CORPORATION
6-81 Onoe-cho, Naka-ku, Yokohama-shi, Kanagawa, JapanNOTICE OF
THE 111TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
We would like to express our appreciation for your continued support and patronage.
We hereby notify you that the 111th Annual General Meeting of Shareholders of Nissin Corporation (the“Company”) will be held as described below.
In order to avoid the risk of the novel coronavirus disease (COVID-19) infection, the Company
encourages all shareholders to exercise their voting rights in writing or via electromagnetic methods(the Internet, etc.) in advance instead of attending the Meeting in person. In that case, please review theattached Reference Documents for the General Meeting of Shareholders, convey your vote for or against theproposals by mailing the enclosed Voting Rights Exercise Form or via the website (https://evote.tr.mufg.jp/) sothat it is received by 5:45 p.m. Japan time on Tuesday, June 23, 2020.
Considering the COVID-19 pandemic, all attendees are kindly requested to take every possible step toprevent the infection such as wearing a face mask while fully checking their physical condition and thecurrent situation surrounding the COVID-19 on the date of the Meeting.
We will reduce seating capacity in an effort to create more distance between attendees. Therefore,admission may be restricted due to the limited number of seats available.
We will not hand out gifts to attendees. We appreciate your understanding.

1. Date and Time:

Wednesday, June 24, 2020 at 10:00 a.m. Japan time

2. Place:

Yokohama Symposia, 9F Industry & Trade Center Building,
2 Yamashita-cho, Naka-ku, Yokohama-shi, Kanagawa, Japan

3. Meeting Agenda:
Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company’s
111th Fiscal Year (April 1, 2019 - March 31, 2020) and results of audits ofthe Consolidated Financial Statements by the Accounting Auditor and theAudit & Supervisory Committee
2. Non-consolidated Financial Statements for the Company’s 111th Fiscal Year
(April 1, 2019 - March 31, 2020)
Proposals to be resolved:
Election of Eight (8) Directors (Excluding Directors Who Are Audit &Proposal 1:
Supervisory Committee Members)
Payment of Bonuses to Directors
Proposal 2:
4. Information on Exercise of Voting Rights:
In the event that your voting rights are exercised via both mail and the Internet,etc., the vote exercised via the Internet, etc. will be regarded as valid.
Furthermore, in the event that your voting rights are exercised multiple times via
the Internet, etc., the last vote made will be regarded as valid.
-1-◎ When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception.
◎ The following items are posted on the Company’s website (https://www.nissin-tw.com/) in accordance with provisions oflaws and regulations as well as Article 16 of the Company’s Articles of Incorporation, and therefore are not provided in thisNotice.
1) Notes to Consolidated Financial Statements
2) Notes to Non-consolidated Financial Statements
Accordingly, the appendixes provided with this Notice form part of the documents audited by the Audit & Supervisory
Committee and the Accounting Auditor when preparing their respective audit reports.
◎ Should revisions arise to the Reference Documents for the General Meeting of Shareholders, the Business Report,
Non-consolidated and Consolidated Financial Statements, they will be posted on the Company’s website(https://www.nissin-tw.com/).
◎ Depending on the state of the COVID-19 infection on the date of the Meeting, the Company will take necessary preventivemeasures. Should significant changes arise to the operation of the 111st Annual General Meeting of Shareholders, they will
be posted on the Company’s website (https://www.nissin-tw.com/).

-2-Reference Documents for the General Meeting of Shareholders
Proposals and References
Proposal 1:

Election of Eight (8) Directors (Excluding Directors Who Are Audit & Supervisory
Committee Members)

The terms of office of all Directors (9 persons) (excluding Directors who are Audit & Supervisory
Committee Members; hereinafter, the same applies in this proposal) will expire at the closing of this
General Meeting of Shareholders.
Accordingly, the election of eight (8) Directors is proposed.
Furthermore, the Audit & Supervisory Committee has expressed its view that the candidates for Director
presented in this proposal are suitable upon considering this proposal from perspectives such as theprocedures for nomination, the qualifications of each candidate, the composition of the Board of Directors.
The candidates for Director are as follows:
CandidateNo.

Name(Date of birth)

Number ofshares of theCompany held49,620
1
Masahiro Tsutsui(Feb. 25, 1953)

2

Past experience, positions, responsibilities,and significant concurrent positions
Apr. 1975
Jul. 1986
Jun. 1993
Apr. 2001
Jun. 2005
Jun. 2007
Jun. 2008
Jun. 2019

Joined Mitsui O.S.K. Lines, Ltd.
Joined the Company
Director
Managing Director
Senior Managing Director
Representative Director and Vice President
President, Chief Operating Officer and Representative Director(to present)
Representative Director, Yokohama Air Cargo Terminal Co., Ltd.
(to present)[Reason for nomination as candidate for Director]
Mr. Masahiro Tsutsui promotes the globalization of the Group as President, Chief Operating Officer andRepresentative Director. He is nominated as a candidate for Director to draw on his experience and achievements asChief Operating Officer gained through his career for the sustainable improvement of the Group’s corporate value.
Apr. 1981
Joined The Sanwa Bank, Ltd.
Nov. 2009
Joined the Company
Jun. 2010
Executive Officer
Jun. 2012
Director and Executive Officer
Oct. 2012
Director and Managing Executive Officer
5,900
Apr. 2016
Director and Senior Managing Executive Officer (to present)
Apr. 2020
Assistant to the President, General Manager, Sales Division andJunichiro
Head of Operational Headquarters (to present)
Watanabe(May 30, 1956)[Reason for nomination as candidate for Director]
Mr. Junichiro Watanabe has been engaged in management as a manager of sales, planning, and administrative
divisions, and is striving to enhance the Group’s profitability as General Manager of the Sales Division and Assistantto the President. He is nominated as a candidate for Director to maximize the effect of his expertise in the financial
industry and his achievements as General Manager of the Sales Division gained through his career.

-3-Candidate
No.

Name(Date of birth)

Number ofshares of theCompany held

9,988
345

6

Past experience, positions, responsibilities,and significant concurrent positions
Apr. 1990
Apr. 2011
Apr. 2013
Jun. 2014
Apr. 2016
Apr. 2020
Apr. 2020

Joined the Company
General Manager, Personnel Department
Executive Officer
Director and Executive Officer
Director and Managing Executive Officer
Director and Senior Managing Executive Officer (to present)
General Manager, Operational Headquarters (to present)

Masataka Tsutsui(Oct. 10, 1967)[Reason for nomination as candidate for Director]
Mr. Masataka Tsutsui is striving to respond to globalization in customs operations and ensure personnel development,with abundant experience and insight centered on the customs and personnel divisions. He is nominated as a candidate
for Director to draw on his experience in the administration and sales divisions gained through his career and his
insight into customs operations for profit expansion in the international shipping division.
Apr. 1974
Joined the Company
Apr. 2010
General Manager, Kobe Branch
Jun. 2012
Executive Officer
Jun. 2013
Director and Executive Officer
3,600
Apr. 2014
Director and Managing Executive Officer (to present)
Apr. 2020
Head of Kanto Warehouse Division, Marine and Port Operation
Division and General Manager, Land Transport division
Kenjiro Masuda(to present)(Nov. 8, 1950)[Reason for nomination as candidate for Director]
Mr. Kenjiro Masuda is striving to enhance the profitability and improve operational efficiency, with abundant
experience and insight centered on the marine transportation, harbor transportation, and warehouse divisions. He is
nominated as a candidate for Director to draw on his wide-ranging experience gained through his career from apractical perspective and further strengthen the business foundation.
Apr. 1982
Joined the Company
Apr. 2010
General Manager, Audit Department
Apr. 2011
General Manager, Accounting Department
Apr. 2014
Executive Officer
Jun. 2015
Director and Executive Officer
4,020
Apr. 2017
Director and Managing Executive Officer (to present)
Apr. 2020
Head of AEO Arrangements Office, Corporate Planning
Tomonao
Department, Business Administration Office, Accounting
Ishiyama
Department and Subsidiaries and Associates Management Office(Feb. 28, 1959)(to present)[Reason for nomination as candidate for Director]
Mr. Tomonao Ishiyama has been engaged in accounting and financing divisions over many years, possessing abundant
experience, and is striving to promote compliance. He is nominated as a candidate for Director to draw on hisexperience and knowledge regarding finance and accounting for the further strengthening of internal control and riskmanagement.
Apr. 1978
Joined the Company
Apr. 2006
President, Nissin Transportation & Warehousing (H.K.)
Apr. 2009
General Manager, China Business Department, the Company
Jun. 2012
Executive Officer
5,300
Apr. 2015
Managing Executive Officer
Apr. 2015
General Manager, Kansai Division (to present)
Seiji Torio
Jun. 2017
Director and Managing Executive Officer (to present)(Jul. 4, 1954)[Reason for nomination as candidate for Director]
Mr. Seiji Torio has been engaged in international logistics operations in Japan and overseas, and possesses abundant
practical experience, including managing a subsidiary in China. Drawing on this experience, he is currently striving to
expand sales in the Kansai region as General Manager of the Kansai Division. He is nominated as a candidate for
Director to further strengthen sales in the region.

-4-Candidate
No.

Name
(Date of birth)

Number ofshares of theCompany held

9,820
78

Past experience, positions, responsibilities,
and significant concurrent positions
Apr. 1982
Apr. 2008
Apr. 2011
Jun. 2012
Jun. 2014
Apr. 2019
Apr. 2020

Joined the Company
COO, Nissin International Transport U.S.A., Inc.
General Manager, Sales Promotion Department, the Company
Executive Officer
Director and Executive Officer
Director and Managing Executive Officer (to present)
Head of Overseas Headquarters (to present)

ToshiyoshiNakagome(Nov. 5, 1956)[Reason for nomination as candidate for Director]
Mr. Toshiyoshi Nakagome has served overseas for many years and possesses wide-ranging experience in managing
overseas subsidiaries, and is striving to develop and enhance the Company’s global network. He is nominated as acandidate for Director to draw on his experience centered on the overseas business gained through his career andglobalize management.
Apr. 1972
Joined Ministry of FinanceJun. 1992Director, Asian Development Bank
Jun. 1998
Director-General, Yokohama CustomsJun. 2007
Director, MS&AD Insurance Group Holdings
Apr. 2008
Director, Managing Executive Officer, Mitsui Sumitomo
Insurance Company, Limited
Apr. 2014
Director, Executive Vice President, MS&AD Insurance Group
Holdings
800
Apr. 2014
Vice President Executive Officer, Mitsui Sumitomo Insurance
Company Limited
Apr. 2016
Director, Chairman, InterRisk Research Institute & Consulting,Susumu FujimotoInc.
(Dec. 5, 1948)
Oct. 2018
Advisor, the Company
Apr. 2019
Director and Chairman, Tokai Tokyo Research Institute Co., Ltd.
(to present)
June 2019

Director, the Company (to present)[Reason for nomination as candidate for Outside Director]
Mr. Susumu Fujimoto possesses abundant experience and deep insight gained through his long career as a government
official and as a corporate manager. He is nominated as a candidate for Outside Director as he is appropriately
providing useful advice from an independent standpoint based on his experience and insight in the Board of Directors
Meetings.
Notes:
1.
2.

3.

4.
5.

6.

7.

There are no special interests between each candidate for Director and the Company.
Mr. Masahiro Tsutsui has served as Representative Director of Yokohama Air Cargo Terminal Co., Ltd. since June
2019. The Company has transactions concerning air cargo warehouse operations, etc. with Yokohama Air Cargo
Terminal Co., Ltd. and the payment amount is JPY 39 million per annum.
Mr. Susumu Fujimoto is a candidate for Outside Director. The Company has registered Mr. Susumu Fujimoto as
independent directors to the Tokyo Stock Exchange, Inc. (TSE), and if their reappointment is approved, they willcontinue to serve as independent directors.
Mr. Susumu Fujimoto, currently an Outside Director of the Company, will have served for 1 year at the conclusion ofthis General Meeting of Shareholders.
Mr. Susumu Fujimoto served as a Director of MS&AD Insurance Group Holdings until June 2016. Although theCompany has transactions concerning marine insurance, etc. with MS&AD Insurance Group Holdings and its
subsidiaries, the transaction amount is very small, not more than JPY 100 million.
Mr. Susumu Fujimoto served as an Advisor to the Company until June 2019, but he has never been involved inbusiness execution of the Company and its subsidiaries, and the purpose is to receive advice in the management basedon his experience and insight.
Mr. Susumu Fujimoto and the Company, in accordance with the Articles of Incorporation of the Company, haveconcluded agreements to limit their liabilities, and the maximum amount of liabilities set forth by the agreements are
the amount stipulated by laws and regulations. The Company intends to continue the said agreements if his
reappointment is approved at this General Meeting of Shareholders.

-5-Proposal 2:

Payment of Bonuses to Directors

Taking into consideration business performance in the fiscal year under review, among other factors, theCompany proposes to pay Directors’ bonuses in the total amount of ¥33 million to eight (8) Directors(excluding Outside Directors) serving at the end of the fiscal year under review.
Furthermore, the Company proposes that the determination of the specific amount to be paid to each
Director, timing, method, etc. be left to the discretion of the Board of Directors.
End-6-<Procedure for Exercising Voting Rights via the Internet, etc.>
If you are exercising your voting rights via the Internet, please pay attention to the following notes.
1. Voting Rights Exercise Website(1) The exercise of voting rights via the Internet is possible only by accessing the Voting Rights Exercise
Website (https://evote.tr.mufg.jp/) designated by the Company either from a computer, a smartphoneor a mobile phone. (However, this website is not available from 2 a.m. to 5 a.m. daily.)(2) The exercise of voting rights using computers or smartphones may be disabled depending on youroperating environment, including the use of a firewall for Internet connection, the use of antivirus
software, the use of a proxy server or if you have not designated the use of encrypted transmission(TLS transmission).
(3) For your exercise of voting rights using mobile phones, you cannot vote through a phone model that
does not allow TLS transmission or transmission of the phone ID information to preserve security.
(4) Although we will accept the exercise of voting rights via the Internet by 5:45 p.m. Japan time on
Tuesday, June 23, 2020, we recommend early voting. If you have any questions, please contact theHelp Desk below.
2. Exercising your voting rights via the Internet(1) Voting via computer or mobile phone At the Voting Rights Exercise Website (https://evote.tr.mufg.jp/), use the log-in ID andtemporary password given on the Voting Rights Exercise Form and follow the on-screen
instructions to indicate your approval or disapproval of each proposal.
 To prevent illegal access by persons other than qualified shareholders (“spoofing”) and themanipulation of voting details, please be aware that shareholders using the site will be asked tochange their temporary password.
 New log-in IDs and temporary passwords will be provided each time a meeting of shareholders
is convened.
(2) Voting via smartphone By scanning the log-in QR Code given on the Voting Rights Exercise Form using yoursmartphone, you can automatically access the Voting Rights Exercise Website and exercise yourvoting rights (You do not need to enter the log-in ID and temporary password).
 For security reasons, you may exercise of your voting rights using the QR Code only once.
From the second time onwards, you will need to enter the log-in ID and temporary password
even if you scan the QR Code.
 Depending on the model of your smartphone, you may not be able to log in using the QR Code.
If you are not able to log in using the QR Code, please exercise your voting rights using themethod 2. (1) Voting via computer or mobile phone above.
*QR Code is a registered trademark of Denso Wave Incorporated
3. Treatment of voting rights exercised more than once
(1) In the event that voting rights are exercised redundantly via mail and the Internet, contents ofexercise via the Internet will be regarded as valid.
(2) In the event that voting rights are exercised more than once via the Internet, the last vote made will
be regarded as valid. Likewise, if you exercise the voting rights redundantly via computer,smartphone and mobile phone, contents of the last vote made will be regarded as valid.
4. Costs incurred in accessing the Voting Rights Exercise Website
The costs incurred when accessing the Voting Rights Exercise Website such as Internet access fees will be
the responsibility of the shareholder. Similarly, fees required to use mobile phones, such as packet
transmission fees, will also be the responsibility of the shareholder.
For inquiries about the system or other matters, contact:
Securities Agency Division (Help Desk), Mitsubishi UFJ Trust and Banking CorporationPhone: 0120-173-027 (Toll Free within Japan) (available from 9 a.m. to 9 p.m.)<For Institutional Investors>
Institutional investors may use the “Electronic Voting Platform” operated by ICJ, Inc. as a mean to exercise
voting rights.

-7-