Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any
discrepancy between this translated document and the Japanese original, the original shall prevail.

(Securities Code: 5946)
March 5, 2020
To our shareholders:
Kiyotaka Taneda
President
Chofu Seisakusho Co., Ltd.
2-1, Chofu Ogi-machi, Shimonoseki-shi, Yamaguchi

Notice of the 66th Annual General Meeting of Shareholders
You are cordially invited to attend the 66th Annual General Meeting of Shareholders of Chofu Seisakusho Co., Ltd.
(the “Company”), which will be held as described below.
Note that if you are not able to attend on the day of the meeting, your voting rights can be exercised in writing. In
this case, please refer to the subsequent Reference Documents for General Meeting of Shareholders, indicate
whether you agree or not to the proposals on the enclosed Voting Form, and return it so that it arrives by 6:00 p.m.
on Thursday, March 26, 2020 (JST).
1. Date and Time: Friday, March 27, 2020, at 10:00 a.m. (JST)
2. Venue:
Head Office of the Company
2-1, Chofu Ogi-machi, Shimonoseki-shi, Yamaguchi
3. Purpose of the Meeting
Matters to be reported:
1. The Business Report, the Consolidated Financial Statements, and report on the result of the audit by theFinancial Auditor and Audit and Supervisory Committee on the Consolidated Financial Statements for the66th term (January 1, 2019 to December 31, 2019)
2. The Non-Consolidated Financial Statements for the 66th term (January 1, 2019 to December 31, 2019)
Matters to be resolved:
Proposal No. 1
Appropriation of Surplus
Proposal No. 2
Election of Eight Directors (Excluding Audit and Supervisory Committee Members)
Proposal No. 3
Election of Three Directors Who Are Audit and Supervisory Committee Members-If attending, please bring the enclosed Voting Form and submit it at the reception desk on the day of the meeting.
Note that if there are any modifications in the Reference Documents for General Meeting of Shareholders, the Business
Report, the Non-Consolidated Financial Statements, or the Consolidated Financial Statements, they will be posted on ourwebsite (https://www.chofu.co.jp/).

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Reference Documents for General Meeting of Shareholders
Proposals and Reference Information
Proposal No. 1

Appropriation of SurplusThe Company proposes the appropriation of surplus as follows:
Year-end dividends
The Company views the provision of appropriate profit returns to shareholders as one of the most importantmanagement issues, and our basic policy is to pay stable dividends while working to establish a sustainable andprofitable structure for the entire Group, providing for investments aimed at growth, and strengthening the financial
position.
In accordance with the above basic policy, the Company proposes to pay year-end dividends for the current fiscal
year as follows:
1.
Type of dividend property
To be paid in cash.
2.
Allotment of dividend property and their aggregate amount¥16 per common share of the Company
In this event, the total dividends will be ¥555,831,392.
3.
Effective date of dividends of surplus
March 30, 2020-2-

Proposal No. 2

Election of Eight Directors (Excluding Audit and Supervisory Committee Members)

The terms of office of all eight Directors (excluding Audit and Supervisory Committee Members) will expire at theconclusion of this meeting. Therefore, the Company proposes the election of eight Directors (excluding Audit andSupervisory Committee Members).
In addition, the Audit and Supervisory Committee has no particular statement for this proposal.
Candidates for election as Directors (excluding Audit and Supervisory Committee Members) are as follows:
CandidateNo.

Name(Date of birth)

Career summary, position and responsibility in the Company,and significant concurrent positions outside the Company
Feb. 1971
Mar. 1985

1

Yasuo Kawakami(December 21, 1946)

Mar. 1987
Dec. 1997
Mar. 2012
Mar. 1979
Mar. 2008

2

Kiyotaka Taneda(February 3, 1955)

3

Shuichi Nakamura(September 26, 1955)

Apr. 2014
May 2018
Mar. 2019
Mar. 1978
Mar. 2010
Apr. 2010
Mar. 2014
Apr. 2014
Mar. 1982
Mar. 2013

4

Takeshi Wada
(April 28, 1957)

Mar. 2015

Mar. 2016

567

Yoshiaki Egawa(October 8, 1957)

Tetsuro Hayashi(August 21, 1960)

Yasuhiro Kawakami(July 1, 1962)

Jan. 1982
Mar. 2014
Apr. 2014
Apr. 1985
Mar. 2014
Oct. 2004
Mar. 2014
Feb. 2017

Joined the Company
Director and General Manager of Tokyo Sales
OfficeDirector and Plant Manager of Utsunomiya
Plant
President
Chairman (current position)
Joined the Company
Director and General Manager of Engineering
Department
Managing Director
Executive Director
President (current position)
Joined the Company
Director and General Manager of Sales
Department at Shiga Plant
Director and Plant Manager of Shiga Plant
Director and Plant Manager of Utsunomiya
PlantManaging Director (current position)
Joined the Company
Director and General Manager of Sales
Department
Director, General Manager of Sales
Department, and General Manager of Fukuoka
Branch OfficeDirector and General Manager of Sales
Department (current position)
Joined the Company
Director and General Manager of Production
Department
Director and Executive General Manager ofProduction Department (current position)
Joined the Company
Director and General Manager of Tokyo BranchOffice (current position)
Joined the Company
Director and General Manager of Corporate
Administration Department
Director and Plant Manager of Shiga Plant(current position)-3-

Number of theCompany’s sharesowned

307,010 shares

3,200 shares

3,200 shares

3,000 shares

1,900 shares

2,900 shares

6,200 shares

CandidateNo.

Name(Date of birth)

Career summary, position and responsibility in the Company,
and significant concurrent positions outside the Company
Apr. 1975
Mar. 2004
May 2009

8Notes:Number of theCompany’s shares
ownedJoined the Company
Director and Plant Manager of Shiga Plant
Director and Executive General Manager ofProduction Department
Kazuhiro Hashimoto
7,400 shares(March 1, 1952)
Apr. 2010Managing Director
Mar. 2012
President
Mar. 2019
Director and Strategic Advisor (currentposition)
1. There is no special interest between any of the candidates and the Company.
2. Reasons for nomination as candidates for Director
After serving as President of the Company, of which office he assumed in 1997, Yasuo Kawakami currently
oversees the Group in general as Chairman of the Company as well as Director of its subsidiary, Sunpot Co., Ltd.,and has sufficient knowledge and experience required for management. Accordingly, the Company has determinedthat he will be able to continue to appropriately conduct the duties of Director of the Company.
Since assuming the office of President of the Company in 2019, Kiyotaka Taneda oversees the Company’s
operations in general as President of the Company, and has sufficient knowledge and experience required for
management of the Company. Accordingly, the Company has determined that he will be able to continue toappropriately conduct the duties of Director of the Company.
Shuichi Nakamura oversees sales in Eastern Japan area as Managing Director of the Company, and has sufficientknowledge and experience required for management of the Company. Accordingly, the Company has determinedthat he will be able to continue to appropriately conduct the duties of Director of the Company.
Takeshi Wada oversees sales in Western Japan area as Director of the Company, and has sufficient knowledge andexperience required for management of the Company. Accordingly, the Company has determined that he will beable to continue to appropriately conduct the duties of Director of the Company.
Yoshiaki Egawa oversees production department in general as Director of the Company, and has sufficientknowledge and experience required for management of the Company. Accordingly, the Company has determinedthat he will be able to continue to appropriately conduct the duties of Director of the Company.
Tetsuro Hayashi oversees sales in Tokyo Metropolitan area as Director of the Company, and has sufficientknowledge and experience required for management of the Company. Accordingly, the Company has determinedthat he will be able to continue to appropriately conduct the duties of Director of the Company.
Yasuhiro Kawakami oversees sales in Kinki and Chubu area as Director of the Company, and has sufficientknowledge and experience required for management of the Company. Accordingly, the Company has determinedthat he will be able to continue to appropriately conduct the duties of Director of the Company.
After serving as President of the Company, of which office he assumed in 2012, Kazuhiro Hashimoto is currently
Director of the Company and a director of its subsidiary. He oversees the Company’s operations in general, and has
sufficient knowledge and experience required for management of the Company. Accordingly, the Company has
determined that he will be able to continue to appropriately conduct the duties of Director of the Company.

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Election of Three Directors Who Are Audit and Supervisory Committee Members

The terms of office of all three Directors who are Audit and Supervisory Committee Members will expire at theconclusion of this meeting. Therefore, the Company proposes to elect three Directors who are Audit andSupervisory Committee Members.
In addition, the consent of the Audit and Supervisory Committee has been obtained for this proposal.
Candidates for the role of Director who is an Audit and Supervisory Committee Member are as follows:
CandidateNo.

Name(Date of birth)

Career summary, position and responsibility in the Company,and significant concurrent positions outside the CompanyMar. 1979
Mar. 2012

123Notes:

1.
2.
3.

4.

Number of theCompany’s shares
ownedJoined the Company
General Manager of Business Operations
Department
Akira Oeda
4,600 shares
June 2016
Department Manager of Business Operations(June 16, 1956)
Department
Mar. 2018
Director (Audit and Supervisory CommitteeMember) (current position)
Apr. 1985
Registered as an attorney at law
Apr. 1988
Opened Hiroshi Yamamoto Law Office,Director (current position)
Hiroshi Yamamoto
0 shares
Mar. 2000
Audit & Supervisory Board Member of the(March 1, 1958)
Company
Mar. 2016
Outside Director (Audit and Supervisory
Committee Member) (current position)
Apr. 1983
Joined The Yamaguchi Bank, Ltd.
June 2009DirectorJune 2016
President
June 2016
President of Yamaguchi Financial Group, Inc.
Takeshi Yoshimura(current position)
0 shares(April 3, 1960)
Mar. 2018
Outside Director (Audit and SupervisoryCommittee Member) of the Company (currentposition)
June 2018
Chairman of The Yamaguchi Bank, Ltd.
(current position)
There is no special interest between any of the candidates and the Company.
Hiroshi Yamamoto and Takeshi Yoshimura are candidates for outside Director.
Reasons for nomination as candidates for Director or outside Director who is an Audit and Supervisory CommitteeMemberAkira Oeda has sufficient knowledge and experience required for sound and appropriate management of theCompany, having served as General Manager of Business Operations Department and Department Manager ofBusiness Operations Department in charge of business operations of the Company, and we have determined that hewould be able to appropriately fulfill the duties of a Director who is an Audit and Supervisory Committee Member.
Hiroshi Yamamoto is currently an outside Director, and at the conclusion of this meeting, his tenure will have beenfour years. The reason for electing him as a candidate for outside Director is that we have determined that he would
be able to appropriately fulfill the duties of an outside Director who is an Audit and Supervisory Committee
Member, as he has abundant experience and a track record as an attorney at law, despite having no experience of
involvement in the management of a company except as an outside officer.
Takeshi Yoshimura is currently an outside Director, and at the conclusion of this meeting, his tenure will have been
two years. The reason for electing him as a candidate for outside Director is that we have determined that he would
be able to appropriately fulfill the duties of an outside Director who is an Audit and Supervisory Committee
Member, as he has abundant experience and broad insight as a corporate manager in financial institutions.
The Company has submitted notification to the Tokyo Stock Exchange, Inc., that Hiroshi Yamamoto and Takeshi
Yoshimura have been appointed as independent officers, and they will continue to serve as independent officers if they
are appointed according to the proposal.

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