(Translation)

ARTICLES OF INCORPORATIONTOKAI Holdings Corporation

Chapter 1
General Provisions
Article 1 (Trade Name)
The Company shall be called “Kabushiki Kaisha TOKAI Holdings” and in English indicated as“TOKAI Holdings Corporation”.

Article 2 (Purpose)
1. The Company aims to control and manage the business activities of the domestic or foreign companies
operating the equivalent business by holding shares or interests of a company engaged in the following
businesses.
(1) Manufacturing, supplying, and selling liquefied petroleum gas, liquefied natural gas, high-pressuregas, and gas equipment, as well as construction and rental of gas-related facilities.
(2) Gas retail business, gas pipeline business, gas manufacturing business, power generation businessusing renewable energy, as well as supply, sale, etc. of electricity and heat.
(3) Sales and rental of household electrical appliances, household goods, petroleum products, automotive
supplies, and petroleum equipment.
(4) Business related to the sale of renewable energy equipment, etc.
(5) Business related to the extraction and sale of natural gas and minerals.
(6) Manufacturing and selling of toxic and hazardous substances.
(7) Business related to the design, development, manufacturing, processing, sale, and inspection of valves,
valve parts, and various high-pressure gas containers.
(8) Manufacturing, sale, transportation, and distribution of drinking water using natural water, etc.
(9) Business related to the design, construction, management, and contracting of construction work, civilengineering work, general electrical work, telecommunications work, and other types of work.
(10) Business related to the sale, purchase, rental, brokerage, and management of real estate, general
structures, and facilities, as well as the sale of residential facility equipment.
(11) Business related to land development, planning, and consulting.
(12) Business related to the sale and rental of construction machinery, equipment, and materials.
(13) Information system business, software business, information processing and provision services,
dispatch of information processing technicians, and other information services.
(14) Business related to telecommunications business based on the Telecommunications Business Act,
wired television broadcasting business based on the Broadcasting Act, as well as the production,
construction, maintenance, manufacturing, sale, rental, repair, etc. of programs, facilities, equipment,
and goods related to them, as well as agency and subscriber referral services.
(15) Cable radio broadcasting business based on the Broadcasting Act.
(16) Intermediary business for the Japan Broadcasting Corporation satellite color reception contract.

(17) Planning, development, manufacturing, sale, and rental of broadcasting equipment, communicationequipment, and their peripheral equipment.
(18) Business related to data transmission and voice transmission services using the internet, commercial
transactions, payment processing, and other various information provision services.
(19) Business related to the establishment of online shopping malls on the internet and mail-order sales.
(20) Security business, intermediary business for security business, as well as development, rental, andsale of facilities, equipment, and systems related to security business.
(21) Consulting business related to crime prevention and disaster prevention investigations, advice, etc.
(22) Agency business for non-life insurance and solicitation of life insurance.
(23) Business related to the mediation and support of entrusted specific financial product transactions withinsurance companies.
(24) Business related to the management of comprehensive wedding venues.
(25) Operation and rental of golf courses, sports and leisure facilities, sightseeing boats, mobility,
amusement parks, etc., as well as operation and rental of accommodation facilities such as inns andhotels, and conference facilities such as training centers.
(26) Sale, direct operation, and rental of vending machines and amusement machines, as well as
manufacturing and sale of food and beverage products, and operation of restaurants and shops.
(27) Sales business of jewelry and accessories.
(28) Travel agency business.
(29) Business related to the manufacturing, repair, sale, and rental of ships.
(30) Deep-sea fishing and coastal fishing.
(31) Warehouse business.
(32) Business related to nursing care services.
(33) Life support business.
(34) Credit card business.
(35) Advertising business and advertising agency business.
(36) Publishing business, production and sale of recorded audio and video, and mail-order business.
(37) Business related to the development, manufacturing, and sale of toys.
(38) Manufacturing and sale of cosmetics, health foods, pharmaceuticals, and quasi-drugs.
(39) Business related to the processing and sale of marine products, agricultural products, and livestock
products.
(40) Surveying business.
(41) Business related to the acquisition, holding, operation, buying and selling of securities, as well as
foreign exchange trading.
(42) Collection of information on venture companies and investment and support for them.

(43) Operation, management, and investment advice for funds investing in venture companies.
(44) Formation, management, and operation of investment business associations.
(45) Operation of daycare centers.
(46) Management of corporate management and outsourcing of general corporate accounting affairs, aswell as consulting.
(47) Outsourcing, agency, and consulting of office work related to employment, personnel, salary, andwelfare benefits.
(48) Outsourcing, agency, and consulting of lease management and training affairs.
(49) Labor dispatch business.
(50) Money lending business.
(51) Import and export business of goods and technology related to the above items, as well as research,training, consulting, and other related services.
(52) Investment in businesses necessary to achieve the objectives of the above items and all related
businesses.
2. The Company may engage in the business of each item of the preceding paragraph and the following
business and any incidental or related business.
(1) Corporate planning, general affairs, personnel affairs, finance related work and other necessary
work of group companies.
(2) Concentration and allocation of funds for group companies, operations related to loans and surplus
funds.

Article 3 (Location of Head Office)
The Company shall have its head office in Shizuoka City, Shizuoka Prefecture, Japan.

Article 4 (Bodies)
The Company shall establish the following bodies other than Meeting of Shareholders and Directors.
(1) Board of Directors(2) Audit & Supervisory Board Member(3) Audit & Supervisory Board(4) Accounting Auditors

Article 5 (Method of Public Notices)
The Company’s method of public notice shall be by electronic public notice. However, in case ofproblems or other unavoidable circumstances that public notice by electronic public notice, the public
notice shall be made by publication in “The Nikkei” newspaper (the Nihon Keizai Shimbun).

Chapter 2
Shares

Article 6 (Total Number of Authorized Shares)
The total number of authorized shares to be issued by the Company shall be three hundred million(300,000,000).

Article 7 (Acquisition of Own Shares)
The Company may acquire its own shares in market transactions and other forms by resolution of the Boardof Directors in accordance with the provisions of Article 165, paragraph 2 of the Companies Act.

Article 8 (Share Unit Number)
The number of shares constituting one (1) share unit of the Company shall be one hundred (100).

Article 9 (Adding to Holdings of Shares Less Than One Unit)(1) Rights as provided for in each item of Article 189, paragraph 2 of the Companies Act.
(2) Right to demand under Article 166, paragraph 1 of the Companies Act.
(3) The right to receive an allotment of shares offered and stock acquisition rights offered in proportion to
the number of shares held
(4) The right to demand as stipulated in the following article.

Article 10 (Adding to Holdings of Shares Less than One Unit)
As provided for in the Share Handling Rules of the Company, shareholders of the Company may demandthat the Company sell to them a number of shares that together with their holding of shares of less than
one unit will constitute one unit.

Article 11 (Administrator of Shareholder Registry)
1. The Company shall have an administrator of the shareholder registry.
2. The administrator of the shareholder registry and the location of its office shall be designated byresolution of the Board of Directors.
3. Matters related to the registry of shareholders and the registry of stock acquisition rights of theCompany including the preparation and keeping thereof, shall be entrusted to the administrator of theshareholder registry, and the Company shall not handle such business.

Article 12 (Share Handling Rules)
The handling of shares and stock acquisition rights of the Company, and the procedures and the fees
involved in the exercise of right of shareholders shall be in accordance with laws and regulations and the
Articles of Incorporation of the Company as well as the Share Handling Rules established by the Board of
Directors.

Chapter 3
Meeting of Shareholders
Article 13 (Convocation)

The Annual Meeting of Shareholders of the Company shall be convened within three (3) months
from the end of each business year. And Extraordinary Meeting of Shareholders may be convened
when necessary.

Article 14 (Record Date of Annual Meeting of Shareholders)
The Company shall deem shareholders with voting rights whose names are recorded on the latest registryof shareholders on March 31 of each year to the shareholders entitles to exercise their rights in the Annual
Meeting of Shareholders for that respective business year.

Article 15 (Person Authorized to Convene a Meeting of Shareholders)

Unless otherwise provided for in laws and regulations, the President shall convene a Meeting of
Shareholders by resolution of the Board of Directors. In case where the President is unable to so act,
one of the other Directors, selected in the order previously determined by the Board of Directors,
shall convene the Meeting of Shareholders.

Article 16 (Deemed Provision of Reference Document, etc. for a Meeting of Shareholders by Using theInternet as Disclosure)
1. The Company shall take measures to electronically provide information regarding the contents of
documents for reference at the General Meeting of Shareholders when convening the said meeting.
2. The Company shall not be required to include in the written documents provided to shareholders who
have requested written delivery by the record date for voting rights, any matters for which the Company
has taken measures to electronically provide, as specified in the regulations of the Ministry of Justice.

Article 17 (Chairperson of a Meeting of Shareholders)
The President shall preside over a Meeting of Shareholders. In the case where the President is unable to soact, one of the other Directors, selected in the order previously determined by the Board of Directors, shallpreside over the Meeting of Shareholders.

Article 18 (Authority of the Chairperson)
1. The Chairperson of the General Meeting of Shareholders shall maintain the order of the General
Meeting of Shareholders and arrange the proceedings.
2. The Chairperson of the General Meeting of Shareholders may issue orders necessary for maintaining theorder of the general meeting of shareholders and may withdraw from the venue for those who fail tocomply.

Article 19 (Method of Resolution)
1. Unless otherwise provided for by lows and regulations or in the Articles of Incorporation of theCompany, the resolution of a Meeting of Shareholders shall be made by a majority of votes of theattending shareholders who are entitled to exercise voting rights.
2. The resolution of a Meeting of Shareholders that follows Article 309, paragraph 2 of the Companies
Act shall be made by at least two thirds (2/3) of the votes of the shareholders attending the Meeting of
Shareholders where the shareholders having at least one third (1/3) of the voting rights ofshareholders who are entitled to exercise voting rights attend.

Article 20 (Voting by Proxy)
A shareholder may authorize one person, who is entitled to exercise voting rights of the Company, toexercise the voting rights for the shareholder as a proxy in a Meeting of Shareholders, provided, however,that such person in a shareholder of the Company. The shareholder or his/her proxy shall submit a written
document to the Company to evidence his/her authorization to act on behalf of the principal at each
Meeting of Shareholders.

Article 21 (Minutes)
Regarding the proceedings of the agenda at the general meeting of shareholders and the results thereof andother matters stipulated by laws and regulations, they shall be written or recorded in the minutes.

Chapter 4
Directors and Board of Directors
Article 22 (Number of Directors)
The Company shall have not more than ten (10) Directors.

Article 23 (Election of Directors)
1. Directors shall be elected by resolution of a Meeting of Shareholders.
2. Regarding the resolution for the election of the preceding paragraph, the election shall be determined bya majority of the votes of the shareholders attending the Meeting of Shareholders where the shareholders
having at least one third (1/3) of the voting rights of shareholders who are entitled to exercise voting
right attend.
3. Resolution for the election of Directors shall not be subject to cumulative voting.

Article 24 (Terms of Directors)
1. The term of office of each Director shall expire at the conclusion of the Annual Meeting of
Shareholders of the last business year ended within one year after being elected.
2. The term of office of Directors elected as additional or substitute shall be until the expiration of theterm of its director's office.

Article 25 (Selection of representative director and executive director)
1. The Board of Directors selects one of the President from among the directors by the resolution. In
addition, one director chairman and some director vice-president can be selected from among thedirectors.
2. The Board of Directors shall select the Representative Director by the resolution.

Article 26 (Installation of adviser and consultant)
The Board of Directors may select some advisors and consultant to the Company by the resolution.

Article 27 (Remunerations of Directors)
The economic benefits received from the Company as compensation for executing the duties, such as
directors' bonuses, retirement bonuses and other property (hereinafter referred to as “remunerations”) of the
Directors shall be determined by resolution of a Meeting of Shareholders.
The remuneration, directors' bonuses, retirement bonuses and other property benefits (hereinafter referred
to as "remuneration etc.") received from the Company as consideration for the performance of duties shallbe determined by resolution of the general shareholders meeting.

Article 28 (Convener and Chairman of the Board of Directors)
The Board of Directors shall be convened by the chairman of the Board of Directors, unless otherwise
provided for by laws and regulations. In the case that there is a vacancy or accident in the Chairman of theBoard, other directors convene the Board of Directors and become the Chairperson in the order determinedin advance by the Board of Directors.

Article 29 (Notice of convocation of the Board of Directors)
Notice of convocation of the Board of Directors shall be issued to each Director and each Corporate
Auditor at least three (3) days before the date of the meeting. However, in case of urgency, this can beshortened.

Article 30 (Method of a resolution of the Board of Directors)
1. A resolution of the Board of Directors shall be attended by a majority of the directors who canparticipate in the voting, with a majority of the attending directors.
2. The Company shall deem that a resolution of the board of directors has been adopted in case therequirements stipulated by Article 370 of the Companies Act have been fulfilled.

Article 31 (Minutes of the Board of Directors)
The details of the proceedings of the meeting at the Board of Directors and the results thereof and othermatters stipulated by laws and regulations shall be recorded or recorded in the minutes and the attending
directors and statutory auditors shall bear the seal or electronic signature on them.

Article 32 (Board of Directors Rules)
Matters regarding the Board of Directors shall be handled in accordance with laws and regulations and the
Articles of Incorporation of the Company as well as the Board of Directors Rules established by the Boardof Directors.

Chapter 5
Audit & Supervisory Board Member and Audit & Supervisory Board
Article 33 (Number of Audit & Supervisory Board Members)
The Company shall have not more four (4) Audit & Supervisory Board Members.

Article 34 (Election of Audit & Supervisory Board Members)
1. Audit & Supervisory Board Members shall be elected by resolution of a Meeting of Shareholders.
2. Resolutions for election of Audit & Supervisory shall be attended by shareholders who hold one thirdor more of the voting rights of shareholders who can exercise their voting rights, and shall hold amajority of the voting rights.

Article 35 (Terms of Audit & Supervisory Board Members)
1. The term of office of each Audit & Supervisory Board Member shall expire at the conclusion of theAnnual Meeting of Shareholders of the last business ended within four years after being elected.
2. The term of office of each Audit & Supervisory Board Member elected as the replacement for an Audit& Supervisory Board Member who has retired before the end of his/her term shall expire at the
expiration of the remaining term of the retired Audit & Supervisory Board Member.

Article 36 (Qualifying of the efficacy of substitute Audit & Supervisory)
The effective term of the resolution for election of a Substitute Audit & Supervisory Board Member
shall expire at the beginning of an annual General Meeting of Shareholders relating to the last fiscal year
ending within four (4) years from his/her election.

Article 37 (Full-time Audit & Supervisory Board Members)
The Audit & Supervisory Board shall appoint one or more full-time Audit & Supervisory Board
Members from among all the Audit & Supervisory Board Member by resolution of the Audit &Supervisory Board.

Article 38 (Remunerations of the Audit & Supervisory Board Members)
The remunerations of the Audit & Supervisory Board Members shall be determined by resolution of a
Meeting of Shareholders.

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Article 39 (Convocation of Meeting of the Audit & Supervisory Board)
Notice to convene a meeting of the Audit & Supervisory Board shall be dispatched to each Audit &Supervisory Board Member no later than three (3) days prior to the day of such meeting; provided,
however, that in case of urgency, such period may be shortened.

Article 40 (Method of Resolution of Audit & Supervisory Board)
Resolution of the Audit & Supervisory Board shall be made with a majority of the statutory auditors,
unless otherwise provided for by laws and ordinances.

Article 41 (Minutes of the Audit & Supervisory Board)
The details of the proceedings of the meeting at the Audit & Supervisory Board and the results thereof andother matters stipulated by laws and regulations shall be recorded or recorded in the minutes and theattending Audit & Supervisory shall bear the seal or electronic signature on them.

Article 42 (Audit & Supervisory Board Rules)
Matters regarding Audit & Supervisory Board shall be handled in accordance with laws and regulations andthe Articles of Incorporation of the Company as well as the Audit & Supervisory Board Rules establishedby the Audit & Supervisory Board.

Chapter 6
Accounting Auditors

Article 43 (Election of Accounting Auditors)
The Accounting Auditors shall be elected at a General Meeting of Shareholders.

Article 44 (Term of Office of Accounting Auditors)
1. The term of office of the Accounting Auditors shall expire at the close of the Ordinary General
Meeting of Shareholders held with respect to the last of the fiscal years that end within one (1) year
after they are elected.
2. The Accounting Auditors shall be deemed reelected at the meeting, unless otherwise resolved at theOrdinary General Meeting of Shareholders described in the preceding paragraph.

Article 45 (Remuneration of Accounting Auditors)
Remuneration etc. of the Accounting Auditor shall be determined by the Representative Director with theconsent of the Board of Auditors.

Chapter 7
Accounts
Article 46 (Fiscal Year)The fiscal year of the Company shall commence on April 1 and end on March 31 of each year.

Article 47 (Record Date for Distribution of Surplus)
The Company shall distribute dividends from surplus to the shareholders or registered pledgees ofshares whose names are recorded on the latest registry of shareholders as March 31 of each year.

Article 48 (Interim Dividend)
The Company, by resolutions of the Board of Directors, may distribute interim dividends to theshareholders or registered pledgees of shares whose names are recorded on the latest registry ofshareholders as of September 30 of each year.

Article 49 (Period of Exclusion concerning Dividend)
If dividends have not been received after the lapse of three (3) years after the date of the start of thepayment thereof, the Company shall be exempted from the payment thereof.

Enacted on April 1, 2011.
Revised on June 28, 2012.
Revised on June 24, 2016.
Revised on June 28, 2017.
Revised on June 28, 2022.
Revised on June 28, 2023.
Revised on June 26, 2024.