Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between
the Japanese original and this English translation, the Japanese original shall prevail.

May 13, 2022
Company: TODA CORPORATION
Representative: Seisuke Otani, President and Representative Director(Securities Code: 1860 TSE Prime Market)
Contact: Kaname Miwa, Corporate Officer General Manager, Financial&IR Div.
(Phone: 03-3535-1357)

Notice of Partial Amendments to the Articles of Incorporation

TODA CORPORATION (the “Company”) announces that it resolved at its Board of Directors meeting
held today to submit the following proposal of partial amendments to the Articles of Incorporation
to the 99th Annual General Meeting of Shareholders of the Company to be held on June 29, 2022.
1. Reasons for the Amendments
The revised provision in the provisional clause of Article 1 of the Supplementary Provisions ofthe Act Partially Amending the Companies Act (Act No. 70 of 2019) will come into force on
September 1, 2022. To prepare for the introduction of a system for providing general shareholder
meeting materials in electronic format, amendments to the Articles of Incorporation will be madeas follows.
(1) The proposed amendment Article 15 [Electronic Provision System, etc.] stipulates that theCompany adopts the electronic provision system to provide information that is the content ofthe Reference Documents for the General Meeting of Shareholders, etc. Said Article also
includes a provision to restrict the range of matters to be included in a paper-based document
if such is delivered to a shareholder upon his/her request.
(2) The current Article 15 [Internet Disclosure and Deemed Provision of the Reference Documents
for the General Meeting of Shareholders, etc.] will be made unnecessary when the system forproviding general shareholder meeting materials in electronic format is introduced, andtherefore will be deleted.
(3) According to the above-mentioned creation and deletion of an Article, supplementaryprovisions will be established to provide for their effective dates and other matters.
2. Details of the amendments
Details of the amendments are as follows.
1

(Amended parts are underlined.)
Current Articles of Incorporation

Proposed amendments

Chapter III. General Meeting ofChapter III. General Meeting ofShareholders

Shareholders

Article 15 [Internet Disclosure and Deemed(Deleted)

Provision of the Reference Documents for
the General Meeting of Shareholders,etc.]
The Company may, when convening ageneral meeting of shareholders, deemthat the information relating to thematters to be contained or shown in theReference Documents for the General
Meeting of Shareholders, the Business
Report, the Non-consolidated FinancialStatements and the Consolidated
Financial Statements, is provided toshareholders by disclosing it with amethod using the Internet pursuant to theprovisions of an Order of the Ministry ofJustice.
(Newly established)

Article 15 [Electronic Provision System, etc.]The Company shall adopt the electronic
provision system to provide informationthat is the content of the Reference
Documents for the General Meeting ofShareholders, etc., when convening ageneral meeting of shareholders.
From among the information for which theelectronic provision system is adopted, theCompany may opt not to include all orpart of the items provided for by an Orderof the Ministry of Justice in a paper-based
document to be delivered to a shareholder
who so requests such before the reference
date for voting rights.

(Newly established)

Supplementary Provisions(Newly established)

Article 12Current Articles of Incorporation

Proposed amendments
The amendments to Article 15 of the Articles
of Incorporation shall become effective on
September 1, 2022 (hereinafter the “date ofenforcement”), which is prescribed as thedate of enforcement of the revised provisionin the provisional clause of Article 1 of theSupplementary

Provisions

oftheAct

Partially Amending the Companies Act (ActNo. 70 of 2019). Provided, however, that, if
the date of a general meeting of shareholders
falls within six (6) months from the date ofenforcement, Article 15 [Internet Disclosureand Deemed Provision of the ReferenceDocuments for the General Meeting ofShareholders, etc.] before amended shallremain effective.
(Newly established)

Article 2
The preceding and the present Article shallbe deleted upon the elapse of six (6) months
from the date of enforcement or three (3)months from the date of the general meetingof shareholders in the preceding Article,
whichever comes later.

3. Schedule
Scheduled date of the general meeting of shareholders for amending the Articles ofIncorporation: June 29, 2022
Effective date of the amendments to the Articles of Incorporation: June 29, 2022
End3