(Translation)

Revised on June, 2024

Articles of Incorporation

Articles of Incorporation
Chapter 1 General Provisions(Trade Name)
Article 1
The name of the Company shall be “ZACROS Kabushiki Kaisha” and in English it
shall be “ZACROS Corporation”(Purpose)
Article 2
The purpose of the Company shall be to engage in the following
businesses: (1) Manufacture and sale of products and processed products made mainlyof plastics; (2) Manufacture and sale of packaging materials and containers;(3) Manufacture and sale of electrical, electronic, and optical materials;(4) Manufacture and sale of pharmaceuticals, quasi-drugs, health foods, cosmetics, medical devices,medical products, sanitary products, reagents, and raw materials thereof;(5) Manufacture and sale of construction and civil engineering materials;(6) Manufacture, repair, and sale of various machines; and(7) Any other business relating to the businesses referred to in any of the foregoing Items.
(Location of Head Office)
Article 3
The head office of the Company shall be located in Bunkyo-ku, Tokyo.

(Organs)
Article 4
The Company shall have the following organs in addition to the General Meetingof Shareholders and Directors:(1) Board of Directors;(2) Audit and Supervisory Committee; and(3) Accounting Auditors.

(Method of Public Notice)
Article 5 The Company shall issue its public notices electronically; provided, however, that if theCompany is unable to do so due to an accident or any other unavoidable reasons, it shall issue thepublic notice in the Nihon Keizai Shimbun.

Chapter 2 Shares(Total Number of Shares Authorized to be issued)
Article 6
The total number of shares authorized to be issued by the Company shall be forty fivemillion (45,000,000).
(Number of Shares Constituting One Unit)
Article 7
The number of shares constituting one unit of the Company’s stock shall be one
hundred (100).
(Rights on Shares of Less than One Unit)
Article 8
The shareholders of the Company may not exercise any rights other than thefollowing rights with respect to shares of less than one unit that they hold.
(1) Rights listed in each Item of Article 189, Paragraph 2 of the Companies Act(2) The right to make a request pursuant to the provisions of Article 166, Paragraph 1 of theCompanies Act(3) The right to be allotted shares for subscription and share options for subscription in proportion
to the number of shares held by shareholders(Share Handling Regulations)
Article 9 The handling of the shares of the Company and fees therefor shall, except as otherwise
provided for in relevant laws and regulations or in these Articles of Incorporation, be governed by
the Share Handling Regulations established by the Board of Directors of the Company.
(Shareholder Registry Administrator)
Article 10
The Company shall have a shareholder registry administrator.
2. The shareholder registry administrator and its office at which the Company shares are handledshall be determined by resolution of the Board of Directors, and shall be announced by publicnotices.
3. Administrative work relating to the shareholder registry and share option ledger of theCompany shall be entrusted to the shareholder registry administrator and shall not be handled by theCompany.

Chapter 3 General Meeting of Shareholders(Convocation)
Article 11
An ordinary general meeting of shareholders shall be convened within three (3)months from the day following the end of each fiscal year, and an extraordinary general meeting ofshareholders shall be convened whenever necessary.
(Record Date for an Ordinary General Meeting of Shareholders)
Article 12
Shareholders with voting rights whose names are listed or recorded in the lastshareholder registry as of March 31 of each year shall be deemed by the Company to be shareholders
entitled to exercise their rights at the ordinary general meeting of shareholders to be held with respect
to such business year.
2. Notwithstanding the preceding Paragraph, the Company may, whenever necessary, byresolution of the Board of Directors and by giving prior public notice, deem any shareholder

or pledgee listed or recorded in the last shareholder registry on a specific date to be ashareholder or pledgee who is entitled to exercise their rights.
(Convener and Chairperson)
Article 13
Unless otherwise provided for by laws and regulations, the President shall convene ageneral meeting of shareholders pursuant to the resolution of the Board of Directors and shall act as
the chairperson; provided, however, that in the case where the post of the President is vacant or when
the President is unable so to act due to unavoidable circumstances, one of the other directors shalltake their place in accordance with the order of priority predetermined by the Board of Directors.
(Method of Resolution)
Article 14
Resolutions of a general meeting of shareholders shall, except as otherwise provided
by laws and regulations or these Articles of Incorporation, be adopted by a majority of the votes ofthe shareholders who are present thereat and entitled to exercise their voting rights.
2. Unless otherwise provided for in these Articles of Incorporation, a resolution of a general
meeting of shareholders stipulated in Article 309, Paragraph 2 of the Companies Act shall be adopted
by at least a two-thirds majority of votes of the shareholders present when shareholders holding atleast one-third of the voting rights of shareholders who are entitled to exercise voting rights at said
general meeting of shareholders are present.
(Exercise of Voting Rights by Proxy)
Article 15
A shareholder of the Company may exercise their voting rights through a proxy whois another shareholder having voting rights.
In this case, the shareholder or proxy must submit a document evidencing the power of proxy to theCompany for each relevant general meeting of shareholders.
(Measures for Electronic Provision, Etc.)
Article 16
In convening a general meeting of shareholders, the Company shall take measures forelectronic provision of information contained in the reference documents, etc. for general meetingsof shareholders.
2. With respect to all or part of the matters for which measures for electronic provision are to betaken as specified by the ordinance of the Ministry of Justice, the Company shall not be required toinclude such matters in the documents to be delivered to shareholders who have made a request fordelivery of documents by the record date for voting rights.
(Minutes)
Article 17
The proceedings of each general meeting of shareholders shall be recorded in theminutes pursuant to laws and regulations.

Chapter 4 Directors and Board of Directors(Number of Directors)
Article 18
The Company shall have not more than ten (10) directors (excluding the directors whoare members of the Audit and Supervisory Committee).
2. The Company shall have not more than four (4) directors who are members of the Audit andSupervisory Committee.
(Election of Directors)
Article 19
The directors who are members of the Audit and Supervisory Committee and otherdirectors shall be elected separately by a resolution of the general meeting of shareholders.
2. The resolution for the election referred to in the preceding Paragraph shall be adopted by amajority of votes of the shareholders present when shareholders holding at least one-third of thevoting rights of shareholders who are entitled to exercise voting rights at the general meeting ofshareholders are present.
3. No cumulative voting shall be used for the election of directors.
4. A period during which the results of a preliminary election of a director who is a substitutemember of the Audit and Supervisory Committee remain in effect shall expire at the beginning of theordinary general meeting of shareholders relating to the last fiscal year ending within two (2) years
from their election.
(Term of Office of Directors)
Article 20
The term of office of directors (excluding directors who are members of the Audit andSupervisory Committee ) shall expire at the conclusion of the ordinary general meeting ofshareholders relating to the last fiscal year ending within one (1) year from their election.
2. The term of office of the directors who are members of the Audit and Supervisory Committee
shall expire at the conclusion of the ordinary general meeting of shareholders relating to the lastfiscal year ending within two (2) years from their election.
3. The term of office of a director who is a member of the Audit and Supervisory Committee
elected as a substitute for a director who is a member of the Audit and Supervisory Committee who
retired before the expiration of their term of office shall be the remainder of the term of office of theretired director.
(Convener and Chairperson of Board of Directors Meetings)
Article 21
The President shall convene and chair meetings of the Board of Directors unlessotherwise provided for in laws and regulations. If the President is unable so to act due to unavoidable
circumstances, one of the other directors shall take their place in accordance with the order ofpriority predetermined by the Board of Directors.
(Convocation of Board of Directors Meetings)
Article 22
When a meeting of the Board of Directors is convened, a notice of convocation shallbe given to each director at least three (3) days prior to the date set for the meeting. However, thisperiod may be shortened in case of emergency.
2. The convocation procedures may be omitted with the consent of all directors.
(Method of Resolution of Board of Directors Meetings)
Article 23
Resolutions of the Board of Directors shall be made when a majority of thedirectors are present and by a majority vote of those attending the meeting.
2. With regard to a proposal by a director, if all of the other directors (limited to those entitled tovote on such proposal) indicate their consent in writing or by electromagnetic record, the Company
may deem that such proposal has been adopted by a resolution of the Board of Directors.

(Delegation of Decisions on Execution of Important Business Matters)
Article 24 Pursuant to the provisions of Article 399-13, Paragraph 6 of the Companies Act, theBoard of Directors may delegate all or part of the authority to make decisions on important businessmatters that should be determined at Board of Directors meetings (excluding the matters listed ineach Item of Paragraph 5 of the said Article ) to directors.
(Minutes of Board of Directors Meetings)
Article 25 Minutes shall be prepared with respect to the proceedings of the Board of Directors
meetings in accordance with the applicable laws and regulations. The directors present at themeetings shall affix their names and seals or electronic signatures thereto.
2. The minutes of meetings of the Board of Directors shall be kept at the head office for a periodof 10 years from the date of resolution.
(Regulations of the Board of Directors)
Article 26 Matters relating to the Board of Directors shall be governed by the Regulations of theBoard of Directors established by the Board of Directors in addition to laws and regulations andthese Articles of Incorporation.
(Representative Director)
Article 27 A director who represents the Company shall be appointed from among the directors(excluding the directors who are members of the Audit and Supervisory Committee) by resolution ofthe Board of Directors.
(Directors with Management Positions)
Article 28 By a resolution of the Board of Directors, the Company may appoint from among thedirectors (excluding the directors who are members of the Audit and Supervisory Committee) one (1)Chairman of the Board of Directors, one (1) Vice Chairman of the Board of Directors, one (1)President, and several Vice Presidents, Senior Managing Directors, Managing Directors, andCounselors.
(Counselor or Advisor)
Article 29 The Company may appoint a counselor or advisor by a resolution of the Board ofDirectors.
(Remuneration, etc., for Directors)
Article 30 Remuneration, etc., for directors shall be determined by a resolution of the general
meeting of shareholders, separately for the directors who are members of the Audit and Supervisory
Committee and other directors.
(Limited Liability Agreement with Outside Directors)
Article 31 The Company may execute agreements with outside directors, which limit their
liability for damages provided for in Article 423, Paragraph 1 of the Companies Act, if therequirements by the applicable laws and regulations are met. However, the limit of liability undersuch agreements shall be the amount set forth by the applicable laws and regulations.

Chapter 5 Audit and Supervisory Committee(Full-time Audit and Supervisory Committee Members)
Article 32 The Audit and Supervisory Committee may, by resolution, appoint full-time membersof the Audit and Supervisory Committee from among the Audit and Supervisory Committee
members.
(Convocation of Audit and Supervisory Committee Meetings)
Article 33 When a meeting of the Audit and Supervisory Committee is convened, a notice ofconvocation shall be given to each member of the Committee at least three (3) days prior to the dateset for the meeting. However, this period may be shortened in case of emergency. 2. The
convocation procedures may be omitted with the consent of all members of the Committee.
(Method of Resolution of the Audit and Supervisory Committee)
Article 34
Resolutions of the Audit and Supervisory Committee shall be made when a majority of
the Committee members entitled to participate in the vote are present and by a majority vote of thoseattending the meeting.
(Minutes of Audit and Supervisory Committee Meetings)
Article 35 Minutes shall be prepared with respect to the proceedings of the Audit and Supervisory
Committee meetings in accordance with the applicable laws and regulations. The Committee
members present at the meetings shall affix their names and seals or electronic signatures thereto.
2. The minutes of meetings of the Audit and Supervisory Committee shall be kept at the head
office for a period of 10 years from the date of resolution.
(Regulations of the Audit and Supervisory Committee)
Article 36
Matters relating to the Audit and Supervisory Committee shall be governed by theRegulations of the Audit and Supervisory Committee established by the Audit and Supervisory
Committee in addition to laws and regulations and these Articles of Incorporation.

Chapter 6 Accounting Auditor(Election of Accounting Auditors)
Article 37
Accounting Auditors shall be elected by a resolution of the general meeting ofshareholders.
(Term of Office of Accounting Auditor)
Article 38
The term of office of Accounting Auditors shall expire at the conclusion of theordinary general meeting of shareholders relating to the last fiscal year ending within one (1) year
from their election.
2. Unless otherwise resolved at the ordinary general meeting of shareholders referred to in thepreceding Paragraph, the Accounting Auditors shall be deemed to have been re-elected at suchordinary general meeting of shareholders.

(Remuneration, etc., for Accounting Auditors)
Article 39
Remunerations, etc., for Accounting Auditors shall be determined by therepresentative director with the consent of the Audit and Supervisory Committee.

Chapter 7 Accounts(Fiscal Year)
Article 40
The fiscal year of the Company shall commence on April 1 of each year and end on
March 31 of the following year.
(Decision-making Organ for Distribution of Dividends of Surplus, etc.)
Article 41
The Company may determine the matters set forth in each Item of Article 459,
Paragraph 1 of the Companies Act, such as payment of dividends of surplus, by a resolution of theBoard of Directors unless otherwise provided for in laws and regulations.
(Record Date for Dividends of Surplus)
Article 42
The record date for the year-end dividends of the Company shall be March 31 of eachyear.
2. The record date for interim dividends of the Company shall be September 30 of each year. 3.
In addition to record dates referred to in the preceding two Paragraphs, the Company may set a
record date and pay dividends of surplus.
(Prescription Period for Payment of Dividends)
Article 43
The Company shall be released from the obligation to distribute year-end and interim
dividends of surplus if such distribution has not been accepted after the lapse of three (3) full years
from the date of commencement of payment thereof.
2. Unpaid year-end dividends and interim dividends of the Company shall bear no interest.

Supplementary Provisions(Transitional Measures Concerning Change of Trade Name)
Article 1
The amendment of Article 1 (Trade Name) of the Articles of Incorporation shallbecome effective on October 1, 2024. Notwithstanding the provisions of Article 1 of the Articlesof Incorporation, the Company shall be referred to “Fujimori Kogyo Kabushiki Kaisha” and in
English it shall be “FUJIMORI KOGYO CO., LTD”until the day immediately preceding theEffective Date.
2.
These Supplementary Provisions shall be deleted when the amendment of Article 1 of
the Articles of Incorporation becomes effective.

Revised and enforced on May 23, 1975
Revised and enforced on June 30, 1976
Revised and enforced on June 29, 1982
Revised and enforced on July 1, 1992
Revised and enforced on June 29, 1994
Revised and enforced on October 1, 2001
Revised and enforced on June 27, 2002Revised and enforced on September 2, 2002
Revised and enforced on June 26, 2003
Revised and enforced on June 25, 2004
Revised and enforced on June 27, 2006
Revised and enforced on June 27, 2007
Revised and enforced on June 24, 2009
Revised and enforced on June 23, 2010
Revised and enforced on June 19, 2014
Revised and enforced on June 17, 2016
Revised and enforced on June 20, 2017
Revised and enforced on June 19, 2020
Revised and enforced on November 24, 2020
Revised and enforced on June 17, 2022
Enforced on September 1, 2022
Enforced on March 1, 2023
Revised and enforced on June 20, 2024