Press Release
June 20, 2017
To Whom It May Concern:
Funai Electric Co., Ltd.
Representative Director
P re s i de nt a nd C EO : H i dea k i F una k os hi(Code No.: 6839 First Section of TSE)

Notice Concerning the Withdrawal of One (1) Candidate for Director, anda Motion for Amendment Submitted by a Shareholder of the Company

We have already announced today that Akitaka Inoue, one of the candidates for Directors who are Audit and Supervisory
Committee Members listed in the Notice of the 65th Ordinary General Meeting of Shareholders sent earlier to ourshareholders, informed us that he would like to withdraw from possible assumption of the post of the Director who is an
Audit and Supervisory Committee Member, if elected.
Following the notice of the withdrawal of the candidate for Director who is an Audit and Supervisory Committee Member,
we have received a notice from Funai Kosan Co., Ltd., one of the principal shareholders of the Company, to the effect thatthey will submit a motion for amendment at the Ordinary General Meeting of Shareholders, the details of which are statedbelow.

1. Details of the motion for amendment(1) Change of the candidate for Director who is an Audit and Supervisory Committee Member
With respect to "Proposition No. 2: Election of three (3) Directors who are Audit and Supervisory Committee
Members” under the Matters to be resolved which is stated in the Notice of the Ordinary General Meeting ofShareholders, Funai Kosan Co., Ltd. proposes that one (1) candidate for Director who is an Audit And Supervisory
Committee Member be replaced, and the following three (3) candidates be proposed.
NameFumiaki Kidera
Masahide Morimoto
Masakazu Funaishi

CategoryNewTo be re-electedNew

Note: Fumiaki Kidera will be a new candidate for Director who is an Audit and Supervisory Committee Member
proposed by the motion for amendment.

(2) Reasons for the motion(i) Following the Company’s press release to the effect that Mr. Akitaka Inoue, one of the candidates for Directors who
are Audit and Supervisory Committee Members listed in the Proposition No. 2 of the Matters to be resolved which isstated in the Notice of the Ordinary General Meeting of Shareholders, will withdraw from the assumption of the
proposed post, if elected, Funai Kosan Co., Ltd., as a shareholder, believes that another appropriate person isnecessary to replace the relevant candidate so as to realize the improvement of the Company’s corporate value andreinforce the functions of the Audit and Supervisory Committee.
(ii) As a shareholder of the Company, Funai Kosan Co., Ltd. agrees to elect Messrs. Masahide Morimoto and Masakazu
Funaishi, who are proposed by the Company as candidates for Directors who are Audit and Supervisory Committee
Members, considering their brief history and the reasons for selection of candidates stated in the Notice of theOrdinary Meeting of Shareholders.
(iii) Given the current status of the Company, Funai Kosan Co., Ltd. believes that the reinforcement of auditing functionsof the Audit and Supervisory Committee Members of the execution of business is essential for the improvement ofthe Company’s business performance.
(iv) For the reasons stated above, Funai Kosan Co., Ltd. proposes that Mr. Fumiaki Kidera who has broad experiences andhigh capabilities in the fields of product quality assurance and management be newly added to Directors who areAudit and Supervisory Committee Members.

2. OtherWe agree to the content of the motion for amendment submitted by Funai Kosan Co., Ltd.
As to the above-mentioned motion for amendment, the Notice of the Ordinary General Meeting of Shareholders
already sent to our shareholders will not be revised, and this press release in which the brief history of the candidate andother matters are stated will be distributed to the attendees at the reception desk of the Ordinary General Meeting ofShareholders on the same day, then we will ask for the pros and cons on the motion and the amended proposition.
The voting rights which were already executed in the voting forms sent by post will be automatically treated in thebelow-mentioned manner if the motion for amendment is proposed and the voting for the amended proposition takes
place. Accordingly, the shareholders who prefer to execute their voting rights once again because such automatic handlingof the votes is contrary to their intention are kindly requested to attend the Ordinary General Meeting of Shareholders
and participate in the resolution.
[Proposition No. 2](i)A voting form indicating “Approval” for the appointment of Akitaka Inoue: To be treated as “Disapproval” of theamended proposal.

(ii) A voting form indicating “Disapproval” for the appointment of Akitaka Inoue: To be treated as “Abstention” of theamended proposal.

[Reference]
Brief history of the new candidate for Director who is an Audit and Supervisory Committee Member as proposed by themotion for amendment is as follows:
Name(Date of birth)

Brief history, post in the Company and business incharge (and important concurrent office)September 1969
November 1982
June 1988

Fumiaki Kidera(January 31, 1951)

July 1997
July 2003
July 2006
June 2012

Joined Sansui Electric Co., Ltd.
Director of Osaka Service Center of Quality
Assurance Dept., of Sansui Company
General Manager of Service Dept., of FUNAISALES CO., LTD.
President and Representative Director of
FUNAI SERVICE CO., LTD.
Associate Officer of Products Reliability Div.
of the Company
Officer of Products Reliability Div. of theCompany
Resigned from the Company (To date)

Number of sharesof the Company
held by Candidate

0 shares

Notes: 1. Fumiaki Kidera has no special interest in the Company.
2. If Fumiaki Kidera is elected as Director who is an Audit and Supervisory Committee Member, the Company willenter into a limited liability agreement with him to limit his liability for any damage as provided for in Article 423,
paragraph 1 of the Companies Act of Japan within the aggregate amount as provided for in the items of Article
425, paragraph 1 of the said Act, pursuant to Article 427, paragraph 1 of the said Act.

For further information, please contact:
Investors and Public Relations
E-mail: investor_relations@funai.co.jp