Securities Code: 4641
March 4, 2024
(Date of commencement of measures for electronic provision: March 1, 2024)

To Our Shareholders:Atsushi Imamura, President

Altech Corporation
2-3-5 Minatomirai, Nishi-ku, Yokohama-shi, Kanagawa Prefecture

Notice of the 43rd Annual Meeting of Shareholders
Dear Sir/Madam:
As always, we would like to start by thanking you all for your continued support.
We cordially invite shareholders to attend the 43rd Annual Meeting of Shareholders as described below.
If you are not attending the Meeting, you may exercise your voting rights via the Internet or bypost. Please refer to the Reference Document for the Annual Meeting of Shareholders below andexercise your voting rights by no later than 5:30 p.m., on Monday, March 25, 2024.
1. Date:10:00 a.m., Tuesday, March 26, 2024

2. Venue:

Conference Room, Altech Corporation Building No.1
5-4-12 Nishihashimoto, Midori-ku, Sagamihara-shi, Kanagawa Prefecture

3. Purpose of(1) The business report, the consolidated financial statements, and thethe Meeting

results of consolidated financial statement audits by the
Items to be

Accounting Auditor and the Audit & Supervisory Board for thereported:

43rd business period (January 1, 2023 to December 31, 2023)(2) The non-consolidated financial statements for the 43rd businessperiod (January 1, 2023 to December 31, 2023)

Items to beresolved:

Proposal 1: Appropriation of Retained Earnings
Proposal 2: Election of Seven (7) Directors
Proposal 3: Election of One (1) Audit & Supervisory Board Member-1-

In convening this Annual Meeting of Shareholders, the Company has taken measures for electronic
provision of the information contained in the “Notice of the 43rd Annual Meeting of Shareholders” andthe “Other Matters Subject to Electronic Provision for the 43rd Annual Meeting of Shareholders (Matters
Omitted from the Issued Document)” on the following websites.

[Company Website] https://www.alpsgiken.co.jp/ir/library/convocation.html

In addition to the above, the information is also available on the following website:[Tokyo Stock Exchange Website]
https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show
Please visit the website above, enter and search for either "Altech Corporation" or the Company’s
securities code, select "Basic information" and then "Documents for public inspection/PR information."
End of document• In accordance with laws and regulations and Article 14 of the Articles of Incorporation of the Company, thefollowing matters are posted on the above websites and thus are not included in this Notice.
1) Consolidated Financial Statements (Notes to Consolidated Financial Statements)
2) Non-consolidated Financial Statements (Notes to Non-consolidated Financial Statements)
Accordingly, the documents contained in this Notice of the Annual Meeting of Shareholders are part of the
documents audited by the Audit & Supervisory Board Members or the Accounting Auditor in preparing theaudit report.
• When attending the meeting, please submit the enclosed voting form at the reception desk.
• If you attend the Annual Meeting of Shareholders after it starts, we may take you to the second venue. We
appreciate your understanding in advance.
• If there are any amendments to the matters subject to electronic provision, the amendments will be posted on
the respective websites.

-2-Instructions on the exercise of voting rights
Voting rights at the Annual Meeting of Shareholders are an important right ofshareholders.
Before exercising voting rights, please review the Reference Document for the Annual
Meeting of Shareholders.
You can exercise your voting rights in the following three ways.

Exercising voting rights
via the Internet

Exercising voting rights
in writing (by post)

Attending the Annual
Meeting of Shareholders

Please follow the instructions on
the next page to enter yourapproval or disapproval of therespective proposals.

Please indicate your vote of
approval or disapproval for eachagenda item on the enclosed
voting form, and return it.
If there is no indication of
approval or disapproval for any
agenda item on the voting form,
it will be deemed an indicationof approval.

Please submit the enclosed
voting form at the reception
desk.

Submission deadline

Submission deadline

Date

Those entered no later thanThose received no later than

5:30 p.m., Monday, March

5:30 p.m., Monday, March

25, 2024

25, 2024

10:00 a.m., Tuesday, March
26, 2024

If you exercise your voting rights both in writing (by post) and via the Internet, your vote via the Internet will be deemed valid.
If you exercise your voting rights multiple times via the Internet, your final vote will be deemed valid.

-3-By QR Code Scan: "Smart
Exercise"

By entering the voting code andpassword

You can log in to the website for exercising voting rights without entering
your voting code and password.

Designated website forexercising voting rights

https://www.web54.net

1. Access the website for exercising voting rights.

1. Scan the QR code at the bottom right of the voting form.

Click “Next”

2. Enter the voting code indicated on the voting form.
Enter the voting code

2. Follow the instructions on the screen to enter your approval ordisapproval.

Click “Login”

3. Enter the password indicated on the voting form.
Enter the password

You can exercise your voting rights only once
through “Smart Exercise.”

Click “Next”

If you wish to change your vote after voting, you will be asked
to access the PC website, login by entering the voting code andpassword included on the voting form, and exercise your voting
rights again.
* If you scan the QR code again, you will be transferred to the
PC website.

Any inquiries regarding the exercise of voting
rights via the Internet shall be directed to the
web support mentioned at the right.

4. Follow the instructions on the screen to enter your approval ordisapproval.

Sumitomo Mitsui Trust Bank, Limited Web Support, Stock Transfer
Agency Business Planning Dept.

Phone Toll Free: 0120 (652) 031(Available from 9:00 to 21:00)

To institutional investors: You can use the "Electronic Voting Platform" operated by ICJ, Inc.

-4-

Reference Document for the Annual Meeting of Shareholders
Proposal 1: Appropriation of Retained Earnings
The Company positions the return of profits to shareholders as one of the important management issues.
The Company proposes to dispose of retained earnings as follows, taking into consideration thebusiness results of the fiscal year under review and the continuation of stable dividends.
Matters concerning year-end dividends(1) Type of dividend property
Money(2) Matters concerning allotment of dividend property and the total amount thereof
51 yen per share of common stock of the Company, Total dividends of 1,013,366,736 yen
As the Company has paid interim dividends of 52 yen, the annual dividends for the fiscal year
under review shall amount to 103 yen per share.
(3) Date on which the dividend of surplus becomes effective
March 27, 2024

- 47 -

Proposal 2: Election of Seven (7) Directors
The terms of office of all eight (8) Directors will expire at the conclusion of this Annual Meeting of
Shareholders. Accordingly, in order to improve the efficiency of the management system, the Company
proposes to reduce the number of Directors by one and elect seven (7) Directors.
The candidates for Director are as follows:
Candidate
NumberName(Date of Birth)

Atsushi Imamura(January 10, 1969)
Reappointment
1

Career summary, position, responsible area of business,and status of important concurrent positions
April 1990

Joined Altech Corporation

October 2006

General Manager, Engineering
Department, Altech Corporation

March 2009

General Manager, Tokai Division,
Altech Corporation

March 2012

General Manager, Business Promotion
Department, Altech Corporation

March 2013

Corporate Officer and General
Manager, Business Promotion
Department, Altech Corporation

March 2014

Director and General Manager,
Business Promotion Department,
Altech Corporation

March 2015

President and Representative Director,
Altech Corporation (to present)

Number of sharesof the Company
owned

133,985 shares< Reasons for nomination as a candidate for Director >Mr. Atsushi Imamura currently serves as the President and Representative Director of the Company.
Since joining the Company as a new recruit, he has accumulated experience as an engineer, and amanager of the Education and Training Department and the Sales Department. The Company expects
that he will continue to utilize his know-how for decision-making and execution of duties of theBoard of Directors. Therefore, the Company has nominated him as a candidate for Director.

- 48 -

Candidate
NumberName(Date of Birth)

Career summary, position, responsible area of business,and status of important concurrent positions
May 2015

Joined Altech Corporation
Deputy General Manager Corporate
Planning Department, Altech
Corporation

October 2015

Deputy General Manager, Kita-Nippon
Division, Altech Corporation

May 2016

Deputy General Manager, NishiNippon Division, Altech Corporation

Number of sharesof the Company
owned

September 2016 Corporate Officer and General
Manager, Corporate Planning
Department, Altech Corporation
March 2017
Nobuyuki Watanabe(May 17, 1963)
March 2018
Reappointment2

Director and General Manager,
Corporate Planning Department,
Altech Corporation

63,760 shares

Managing Director and General
Manager, Personnel Department,
Altech Corporation

September 2019 Managing Director, Altech Corporation
September 2020 Managing Director and General
Manager, Corporate Planning
Department, Altech Corporation
March 2021

Senior Managing Director and General
Manager, Corporate Planning
Department, Altech Corporation

July 2022

Director and Vice President, General
Manager, Corporate Planning
Department, Altech Corporation (topresent)< Reasons for nomination as a candidate for Director >Mr. Nobuyuki Watanabe has business experience in the Business Department, Corporate Planning
Department, and Personnel Department, and has excellent business management and executive
abilities. He also actively contributes to discussions and deliberations at the Board of Directors.
Based on past achievements, the Company expects that he will continue to appropriately fulfill the
responsibilities of Directors. Therefore, the Company has nominated him as a candidate for Director.

- 49 -

Candidate
NumberName(Date of Birth)

Career summary, position, responsible area of business,and status of important concurrent positions
February 1988

Joined Altech Corporation

January 1997

Acting General Manager, Cyber
Business Department, Zygo
Corporation

July 1998

Acting General Manager, Tateshina
Techno-Park, Altech Corporation

Yasushi Sudo
(December 11, 1962) July 2001
Reappointment
July 2020
3

President, Digital Spice Corporation

Number of sharesof the Company
owned

29,750 shares

Joined Altech Corporation
Corporate Officer, Altech Corporation

March 2021

Director, Altech Corporation (topresent)

March 2023

President, DONKEY Corporation (topresent)< Reasons for nomination as a candidate for Director >Since joining the Company, Mr. Yasushi Sudo has worked as an engineer and in the Sales andManufacturing Departments. He also started a manufacturing company himself and has many yearsof experience and deep insight as a corporate manager. Based on past achievements, the Company
expects that he will continue to appropriately fulfill the responsibilities of Directors. Therefore, theCompany has nominated him as a candidate for Director.

Takeshi Sugimoto(May 2, 1965)
Reappointment
4

August 2018

Joined Altech Corporation
Deputy General Manager, General
Affairs Department, Altech
Corporation

March 2019

Deputy General Manager, NakaNippon Division, Altech Corporation

September 2019 Corporate Officer and General
Manager, Naka-Nippon Division,
Altech Corporation

13,500 shares

September 2020 Corporate Officer and General
Manager, Global Business Department,
Altech Corporation
March 2021

Director and General Manager, Global
Business Department, Altech
Corporation (to present)< Reasons for nomination as a candidate for Director >Mr. Takeshi Sugimoto has business experience in the General Affairs Department, Business
Department, and Global Business Department, and has excellent business management and executive
abilities. Based on past achievements, the Company expects that he will continue to appropriately
fulfill the responsibilities of Directors. Therefore, the Company has nominated him as a candidate
for Director.

- 50 -

Candidate
NumberName(Date of Birth)
Eigo Nosaka(May 6, 1972)
Reappointment

5

Career summary, position, responsible area of business,and status of important concurrent positions
December 1999 President, Treasure Factory Co.,Ltd. (topresent)
March 2016

Outside Director, Altech Corporation(to present)

Number of sharesof the Company
owned

0 shares< Reasons for nomination as a candidate for Outside Director and expected roles >Mr. Eigo Nosaka is actively pursuing business development in Japan and overseas as a corporate
manager. The Company expects that he will be able to provide appropriate advice andrecommendations to ensure adequacy and appropriateness from an independent perspective from the
management in decision-making of the Board of Directors, based on his abundant experience anddeep insight. Therefore, the Company has nominated him as a candidate for Outside Director. At theconclusion of this Annual Meeting of Shareholders, the term of office as Outside Director of theCompany is eight years.
October 2000

President, Tsunami Network Partners
Corporation (currently TNP Partners
Corporation)(to present)

November 2013 Chairperson, TNP On the Road
Corporation
Masatoshi Go(July 28, 1959)
Reappointment

6

July 2016

President, TNP Threads of Light
Corporation(to present)

May 2017

Audit & Supervisory Board Member,
MM Souken Co., Ltd. (to present)

March 2018

Outside Director, Altech Corporation(to present)

0 shares

November 2023 President, TNP On the Road
Corporation(to present)< Reasons for nomination as a candidate for Outside Director and expected roles >Mr. Masatoshi Go has many years of abundant experience and deep insight as a corporate manager.
The Company expects that he will be able to provide appropriate advice and recommendations toensure adequacy and appropriateness from an independent perspective from the management indecision-making of the Board of Directors. Therefore, the Company has nominated him as a
candidate for Outside Director. At the conclusion of this Annual Meeting of Shareholders, the termof office as Outside Director of the Company is six years.

- 51 -

Candidate
NumberName(Date of Birth)

Career summary, position, responsible area of business,and status of important concurrent positions

Number of sharesof the Company
owned

September 1986 Began writing
Takako Shijo(October 30, 1959)
New appointment

December 1992 Writer, Gyosei Corporation (to present)
March 2006

Writer, Kanagawa Shimbun (to present)

0 shares< Reasons for nomination as a candidate for Outside Director and expected roles >Ms. Takako Shijo has a historical and managerial perspective through her many years of reporting
and writing. The Company expects that she will be able to provide appropriate advice andrecommendations to ensure adequacy and appropriateness from an independent perspective from the
management in decision-making of the Board of Directors. Therefore, the Company has newly
nominated her as a candidate for Outside Director.

7(Note) 1.
2.

There is no special interest between each candidate for Director and the Company.
Mr. Eigo Nosaka, Mr. Masatoshi Go and Ms. Takako Shijo are candidates for Outside Director as
stipulated in Article 2, Paragraph 3, Item 7 of the Ordinance for Enforcement of the Companies Act,and meet the criteria for independence of Outside Directors stipulated by the Company.

3.

Mr. Eigo Nosaka and Mr. Masatoshi Go meet the requirements for the criteria for independence basedon the provisions of the Tokyo Stock Exchange, and the Company has designated them as
independent officers and reported them to the Exchange. If their reappointment is approved, theCompany will continue to appoint them as independent officers.

4.

Ms. Takako Shijo meets the requirements for the criteria for independence based on the provisionsof the Tokyo Stock Exchange, and if she is newly appointed, the Company will report her as anindependent officer specified by the Tokyo Stock Exchange.

5.

Limitation of Liability Agreements with Candidates for Outside Directors
The Company has entered into a liability limitation agreement with Mr. Eigo Nosaka and Mr.
Masatoshi Go under Article 427, Paragraph 1 of the Companies Act in accordance with Article 31 of
the Articles of Incorporation, and will continue the liability limitation agreement if theirreappointment is approved. In addition, if Ms. Takako Shijo is elected, the Company plans toconclude the liability limitation agreement with her. The maximum amount of damages under theagreement is limited to the amount stipulated by laws and regulations.

6.

The Company has concluded a liability insurance contract for officers and directors with an insurancecompany as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The details of the contract
are outlined on Page 20 of the Business Report. If the election of each candidate is approved, they
will be the insured of this policy. The Company plans to renew the contract with the same terms at
the next renewal.

- 52 -

(Reference) If this proposal is approved, the skill matrix for Directors will be as follows.

○

○

○

○

○

○

○

○

Yasushi Sudo○

TakeshiSugimoto

○

○

○

○

○

Eigo Nosaka

○

○

○

○

○

Masatoshi Go

○

○

○
○

○

Takako Shijo

○

○

○

○

Legal affairs○○

AtsushiImamuraNobuyuki
Watanabe

Name

Financialaccounting

○

ESG

○

Entrepreneurship

Recruiting○

GlobalHuman resources
development○

Manufacturing

Sales

○

Corporate
management

Technology[List of Directors' Skill Matrix] *"○" refers to the field of knowledge and experience each Director possesses.

○

○

○
○
○

○

○

○

○

○

○

○

○

○

[Definition of Skills]
Skill

Definition

Corporate management

Possess abundant experience and expertise in corporate management as a corporate manager, and be able touse this knowledge in the duties of Directors

Technology

Possess extensive practical experience and high level of competence in any of the technologies of theCompany's business areas, and be able to use this knowledge in the duties of Directors

Sales

Possess extensive practical experience and high level of competence in sales, and be able to use this knowledge
in the duties of Directors

Human resources
development

Possess extensive practical experience and high level of competence in human resources development, and beable to use this knowledge in the duties of Directors

Recruiting

Possess extensive practical experience and high level of competence in recruiting, and be able to use thisknowledge in the duties of Directors

Manufacturing

Possess extensive practical experience and high level of competence in manufacturing, and be able to use thisknowledge in the duties of Directors

GlobalPossess extensive practical experience and high level of competence in global business, and be able to use thisknowledge in the duties of Directors

Entrepreneurship

Possess extensive practical experience of either developing ventures or new businesses or acting as anentrepreneur, and be able to use this knowledge in the duties of Directors

ESG

Be able to use broad knowledge of ESG in the duties of Directors

Financial accounting

Possess extensive practical experience and high level of competence in finance and accounting, and be able touse this knowledge in the duties of Directors

Legal affairs

Possess extensive practical experience and high level of competence in legal affairs, and be able to use thisknowledge in the duties of Directors- 53 -

Proposal 3: Election of One (1) Audit & Supervisory Board Member
As Mr. Masashi Niiya, Audit & Supervisory Board Member, will resign at the conclusion of thisAnnual Meeting of Shareholders, the Company proposes the election of one Audit & Supervisory Board
Member. Pursuant to the provisions of the Articles of Incorporation of the Company, the term of officeof the Audit & Supervisory Board Member to be elected will be until the expiration of the term of officeof the predecessor.
This proposal has been approved by the Audit & Supervisory Board.
The candidates for Audit & Supervisory Board Member are as follows:
Name(Date of Birth)

Makoto Makino(April 20, 1956)
New appointment

Career summary, position, and status of important concurrent
positionsJanuary 2010

Joined Altech Corporation
Acting General Manager, General Sales
Department, Altech Corporation

March 2010

General Manager, Kita-Nippon Division,
Altech Corporation

March 2011

Corporate Officer and General Manager, KitaNippon-Division, Altech Corporation

August 2012

Corporate Officer and General Manager,
Personnel Department, Altech Corporation

March 2014

Corporate Officer and General Manager,
Minami-Kanto Division, Altech Corporation

January 2015

Corporate Officer and General Manager,
Nishi-Nippon Division, Altech Corporation

October 2015

Corporate Officer and General Manager,
Accounting Department, Altech Corporation

March 2020

General Manager, Accounting Department,
Altech Corporation

March 2023

Accounting Department, Altech Corporation(to present)

Number of sharesof the Company
owned

9,020 shares< Reasons for nomination as a candidate for Audit & Supervisory Board Member >Mr. Makoto Makino has business experience in the Sales Department, Business Department, Personnel
Department, and Accounting Department, and has excellent business management and executive abilities. The
Company expects that he will enhance the effectiveness of audit based on his past experience. Therefore, theCompany has newly nominated him as a candidate for Audit & Supervisory Board Member.
(Note) 1.
2.

There is no special interest between Mr. Makoto Makino and the Company.
Limitation of Liability Agreements with Candidates for Audit & Supervisory Board Members
Pursuant to the provisions of Article 42 of the Articles of Incorporation, the Company may enter intoa liability limitation agreement under Article 427, Paragraph 1 of the Companies Act with Audit &Supervisory Board Members. Accordingly, if Mr. Makoto Makino is elected, the Company plans to- 54 -

enter into the liability limitation agreement with him. The maximum amount of damages under theagreement is limited to the amount stipulated by laws and regulations.
3.

The Company has concluded a liability insurance contract for officers and directors with an insurancecompany as prescribed in Article 430-3, Paragraph 1 of the Companies Act. The details of the contract
are outlined on Page 20 of the Business Report. If the election of Mr. Makoto Makino is approved,
he will be one of the insured of this policy. The Company plans to renew the contract with the sameterms at the next renewal.

- 55 -