Note: This document has been translated from the Japanese original for reference purposes only. In the eventof any discrepancy between this translation and the Japanese original, the Japanese original shallprevail.
The company is not responsible for the accuracy or completeness of the translation.

(Securities code: 4028)
June 28, 2022

To Our Shareholders

Hideo Takahashi
Executive Director, President
ISHIHARA SANGYO KAISHA, LTD.
3-15, Edobori 1-chome, Nishi-ku, Osaka

Notice of Resolutions of the 99th Ordinary General Meeting of Shareholders
We hereby inform you of the reported matters and resolutions approved by the 99th Ordinary
General Meeting of Shareholders held today as follows:

Matters Reported:
1. The Business Report and the Consolidated Financial Statements for the 99th Fiscal Year(from April 1, 2021 to March 31, 2022), as well as the audit reports on the Consolidated
Financial Statements by the Company’s Accounting Auditors and the Audit & Supervisory
Board
2. The Non-Consolidated Financial Statements for the 99th Fiscal Year (from April 1, 2021 toMarch 31, 2022)
The contents of the above matters were duly reported.
Matters Resolved:
Proposal No. 1: Appropriation of Surplus
This proposal was approved and adopted as originally proposed. As a result,the year-end dividend for the 99th fiscal year was set at 36 yen per share.
Proposal No. 2: Partial Amendments of the Articles of Incorporation
This proposal was approved and adopted as originally proposed. Some changes
were made to the Articles of Incorporation, and the outline is as follows:(1) The purpose of the blue phalaenopsis business was added along with thecommercialization of the world-first blue phalaenopsis.
(2) Changes related to the establishment of a system for providing generalshareholder meeting materials in electronic format were made before theamending provisions prescribed in the proviso of Article 1 of theSupplementary Provisions to the Act Partially Amending the Companies Act(Act No. 70 of 2019) will be enforced on September 1, 2022.

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Proposal No. 3: Election of Nine (9) Directors
This proposal was approved and adopted as originally proposed. Messrs.
Kenichi Tanaka, Hideo Takahashi, Kiyomitsu Yoshida, Yasunobu Kawazoe,
Masaki Shimojo, Hiroshi Katsumata, Tatsuo Hanazawa and Satoshi Andowere reelected, and Mr. Hiroshi Okubo was newly elected, as Directors, andall of them assumed their offices. Hiroshi Katsumata, Tatsuo Hanazawa andSatoshi Ando are Outside Directors.
Proposal No. 4: Election of One (1) Substitute Audit & Supervisory Board Member
This proposal was approved and adopted as originally proposed. Mr. Yasuhiro
Koike was elected as a Substitute Audit & Supervisory Board Member.
Proposal No.5: Determination of Compensation for the Grant of Restricted Stock
Compensation to Directors (Excluding Outside Directors)
This proposal was approved and adopted as originally proposed. It was decided
to introduce a transfer-restricted stock compensation plan and set the total
annual monetary compensation receivables within 90 million yen, which ispaid to grant shares with a restriction on transfer to Directors (excluding
Outside Directors).
The total number of common shares that are issued to affected Directors or
disposed of under this plan is within 95,000 shares per year.

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