ＤＤNEWSRELEASE
May 11, 2023
Ryosuke Mori, President
LIFENET INSURANCE COMPANY(Securities Code: 7157, TSE Growth)

Notice Regarding the Partial Amendment toArticles of Incorporation
TOKYO, May 11, 2023 – LIFENET INSURANCE COMPANY (TSE Growth 7157,President Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/) announces that it decided
to propose a partial amendment to its Articles of Incorporation for approval at the 17th
Annual General Meeting of Shareholders scheduled to be held on June 25, 2023.
1.

Purpose of Amendment
With the enforcement of the “Act for Partially Amending the Industrial Competitiveness

Enhancement Act and Other Related Acts” (Act No. 70 of 2021), listed companies areallowed to hold general meeting of shareholders (hereafter “the Meeting”) without
specifying a designated location (fully virtual general meeting of shareholders) undercertain conditions by specifying the matter in the Articles of Incorporation.
The Company believes that fully virtual general meeting of shareholders will make it easy
for many shareholders to attend the Meeting regardless of where they reside and willfurther vitalize the Meeting. Expanding the options for holding the Meeting will contribute tothe benefit of shareholders in light of the progress in digitalization of the society as a whole.
Therefore, the Company proposes to add Article 13, Paragraph 3 of the Articles ofIncorporation so that fully virtual general meeting of shareholders can be held.
2.

Details of Amendment
The details of the proposed amendment are as follows:(Underlines denote amendments)
Current Articles of Incorporation

Proposed Amendment

CHAPTER III
CHAPTER III
GENERAL MEETING OF SHAREHOLDERS GENERAL MEETING OF SHAREHOLDERS
Article 13 Convocation of General Meeting of Article 13 Convocation of General Meeting ofShareholders
Shareholders
13.1 An ordinary general meeting of
13.1 An ordinary general meeting ofshareholders of the Company shall beshareholders of the Company shall be
convened within three (3) months fromconvened within three (3) months fromthe day immediately following the last
the day immediately following the last
day of each business year and an
day of each business year and an
extraordinary general meeting ofextraordinary general meeting ofshareholders shall be convened
shareholders shall be convened
whenever necessary.
whenever necessary.
13.2 Unless otherwise provided for by laws or 13.2 Unless otherwise provided for by laws orregulations, the Representative Director
regulations, the Representative Director
previously determined by the Board ofpreviously determined by the Board ofCopyright© LIFENET INSURANCE COMPANY All rights reserved.

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ＤＤNEWS
RELEASE
Current Articles of Incorporation

Proposed Amendment

Directors shall convene a general
Directors shall convene a general
meeting of shareholders. However, in themeeting of shareholders. However, in thecase where the Representative Director
case where the Representative Director
is unable so to act, one of the otheris unable so to act, one of the other
Directors in the order previously
Directors in the order previously
determined by the Board of Directors
determined by the Board of Directors
shall convene a general meeting ofshall convene a general meeting ofshareholders.
shareholders.
(New)
13.3 The Company may hold the general
meeting of shareholders as a fully virtual
general meeting of shareholders.

3.

Schedule
Date of the General Meeting of Shareholders for amending the Article of Incorporation:
June 25, 2023 (planned)
Effective date of the amendments to the Article of Incorporation:
June 25, 2023 (planned)

About LIFENET URL： https://ir.lifenet-seimei.co.jp/en/
Remembering the original purpose of life insurance - mutual support - LIFENET INSURANCECOMPANY was founded with the goal of offering simple, convenient and competitively priced
products and services based on the highest levels of business integrity. We sell these products
and services directly to customers over the Internet. We aim to be the leading company driving
the growth of the online life insurance market.
Contact:
Investor Relations, Corporate Planning Department
Tel:+81-3-5216-7900
e-mail: ir@lifenet-seimei.co.jp
Disclaimer: This is a summarized translation/version of the original Japanese document, prepared and provided
solely for readers' convenience. In case of any discrepancy or dispute, the Japanese document prevails.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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