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 shallprevail. The Company assumes no responsibility for this translation or for direct, indirect or any other formsof damages arising from the translation.
(Stock Exchange Code 7613)
March 9, 2023
(Commencement date of measures for electronic provision: March 8, 2023)

To Shareholders with Voting Rights:
Shiro Murai
Chairman
SIIX Corporation
1-4-9, Bingo-machi, Chuo-ku, Osaka

NOTICE OF THE 31ST ANNUAL GENERAL SHAREHOLDER’S MEETING
Dear Shareholders:
We would like to express our appreciation for your continued support and patronage.
You are cordially notified of the 31st Annual General Shareholder’s Meeting of SIIX Corporation (the“Company”). The meeting will be held for the purposes described below.
In convening the meeting, the Company has taken measures for electronic provision. Electronic provision
measures matters are posted on the website presented below as “Notice of The 31st Annual General
Shareholder’s Meeting.”
The Company’s website:
https://www.siix.co.jp/en/ir/stock/soukai/
In addition to the above website, they are posted on the website presented below as well.
Tokyo Stock Exchange’s website:
https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show
Please access the above Tokyo Stock Exchange’s website, enter the name or the stock exchange code of theCompany, press “Search,” select “Basic information,” and then select “Documents for public inspection/PR
information” to see them.
In lieu of attending the meeting in person, you can exercise your voting rights in writing or via the Internet,
etc. Please review the Reference Documents for the General Shareholder’s Meeting provided in the electronic
provision measures matters, and exercise your voting rights in the manner described hereafter by 5:30 p.m.
(Japan time) on Wednesday, March 29, 2023.
1. Date and Time:Thursday, March 30, 2023 at 10:00 a.m. Japan time

2. Place:

Banquet Hall SAN, on 2nd floor of CITYPLAZA OSAKA at
2-31, Honmachibashi, Chuo-ku, Osaka(Please note that the venue is different from the previous meeting.)

3. Meeting Agenda:
Matters to be reported: 1. The Business Report, Consolidated Financial Statements andNon-consolidated Financial Statements for the Company’s 31st Fiscal Year
(January 1, 2022 - December 31, 2022)
2. Results of audits of the Consolidated Financial Statements by the Accounting
Auditor and the Audit & Supervisory Board-1-

Proposals to be resolved:
Proposal 1:
Appropriation of Surplus
Proposal 2:
Election of Nine (9) Directors
Proposal 3:
Election of Three (3) Audit & Supervisory Board Members
Proposal 4:
Revision of the Amount of Compensation, etc. for Directors〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰〰






When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the receptiondesk.
The reception desk is scheduled to open at 9:00 a.m.
Should the electronic provision measures matters require revisions, details of the revisions will be postedon the websites they are on.
Please note that the Company does not distribute gifts to shareholders who attend the meeting.
Pursuant to the provisions of laws and regulations and Article 15 of the Articles of Incorporation of theCompany, the following items are not included in the documents sent to the shareholders who requested
delivery of a hard copy of the documents. Accordingly, the said documents are part of the documents
audited by the Audit & Supervisory Board Member and the Accounting Auditor when they prepared audit
reports.
- Notes to the Consolidated Financial Statements- Notes to the Non-consolidated Financial Statements-2-

Procedures for Exercise of Voting Rights
You can exercise your voting rights in either of the three ways described below.
Please examine the “Reference Documents for the General Shareholder’s Meeting” provided in electronic
provision measures matters before exercising your voting rights.
 Attending the Shareholder’s Meeting
When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception
desk.
Date and Time:Thursday, March 30, 2023
10:00 a.m. Japan time (reception starts at 9:00 a.m.) Exercising voting rights in writing
Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise Form andreturn it by mail. The completed form must reach us no later than the below voting deadline. If there is no
indication of a vote for or against the proposals on the Voting Right Exercise Form, it will be treated as
an indication of a vote for the proposals.
Voting deadline:

Wednesday, March 29, 2023
5:30 p.m. Japan time Exercising voting rights via the Internet
Please use your smartphone, PC, etc. to access the Exercise of Voting Rights Website. Follow the
instructions shown on the screen to indicate your votes for or against the proposals.
Please see “Exercise of Voting Rights via the Internet” on the next page for details.
Voting deadline:

Wednesday, March 29, 2023
5:30 p.m. Japan time

• If you have exercised your voting rights both in writing and via the Internet, only the vote exercised via theInternet will be valid. Also, if you have exercised your voting rights more than once via the Internet, the lastvote will be valid.
• Any charges related to the Internet use (connection fees, communication fees, etc.) shall be borne byshareholders.
• You may not be able to use the Internet option depending on your internet access environment, thesubscribed service, or the device used.

-3-

Exercise of Voting Rights via the Internet
 Reading QR code: Smart Exercise
You can log in to the Exercise of Voting Rights Website without entering the Exercise of Voting Rights
Code and the Password.
1. Use your device to read the QR code printed on the bottom right of the Voting Rights Exercise
Form.
2. Follow the instructions shown on the screen to indicate your votes.
You can exercise your voting rights only once using Smart Exercise.
If you wish to change the content of your votes after exercising your voting rights, please access thewebsite for PCs, enter the “Exercise of Voting Rights Code” and the “Password” printed on the Voting
Rights Exercise Form to log in and exercise your voting rights once again.
*If you read the QR code again, you will be transferred to the website for PCs.
*QR code is a registered trademark of DENSO WAVE INCORPORATED.
 How to enter the Exercise of Voting Rights Code and the Password
Exercise of Voting Rights Website:
https://www.web54.net (Japanese only)
1. Access the Exercise of Voting Rights Website
Click on the “Next” button.
2. Enter the “Exercise of Voting Rights Code” printed on the bottom left on the back of the
Voting Rights Exercise FormEnter the “Exercise of Voting Rights Code.”
Click on the “Log in” button.
3. Enter the “Password” printed on the bottom left on the back of the Voting Rights Exercise
Form
Enter the “Initial Password.”
Set a new password that you will actually use.
Click on the “Register” button.
4. Follow the instructions shown on the screen to indicate your votes.
If you have any inquiries about exercising your voting rights via the Internet, please contact the phone number
below.
Stock transfer agency service web support desk, Sumitomo Mitsui Trust Bank, Limited:

Tel 0120-652-031 (9:00 – 21:00)
 Exercise via the Electronic Voting Platform (for institutional investors)
Institutional investors may use the “Electronic Voting Platform” operated by ICJ, Inc. to electronically
exercise the voting rights for this General Shareholder’s Meeting.

-4-Reference Documents for the General Shareholder’s Meeting
Proposals and References
Proposal 1:
Appropriation of Surplus
Matters concerning the year-end dividend
In line with the basic policy of ensuring continuous and stable profit distribution to shareholders, theCompany proposes the year-end dividend for the fiscal year under review as described below, taking into
consideration the internal reserves for future business development and reinforcement of the management
base, as well as our business results for the fiscal year under review.
(1) Type of dividend property
Cash(2) Matters concerning the allotment of dividend property to shareholders and the total amount thereof
In light of the Company’s business results for the fiscal year under review and future businessdevelopment, the Company proposes the payment of a dividend of 16 yen per share.
(Total dividend payment: 756,835,600 yen)
As a result, the Company’s annual dividend will be 31 yen per share including the interim dividend of
15 yen per share paid in September 2022.
(3) Effective date of dividend from surplus
March 31, 2023

-5-

Proposal 2:
Election of Nine (9) Directors
The terms of office of all eight (8) Directors will expire at the conclusion of this General Shareholder’sMeeting.
Accordingly, the election of nine (9) Directors is proposed.
The candidates for Directors have qualified for the election based on the report made by the Nomination
and Remuneration Advisory Committee.
The candidates for Directors are as follows.
Messrs. Shinsuke Takatani, Susumu Omori and Nao Yoshizawa are candidates for External Directors.
No.

Name

Current positions andresponsibilities at theCompany

Attendance at Board of
Directors meeting1

Shiro Murai

Reappointment

Chairman, Executive
Officer100%(17/17 meetings)

2

Koji Yanase

Reappointment

President, Executive
Officer100%(17/17 meetings)

Director & Executive
Officer, General Manager,
Finance & Accounting
Department
Director & Executive
Officer, General Manager,
General Affairs
Department, General
Manager, Tokyo General
Affairs Department

3

Seiji Ono

Reappointment

4

Toru Maruyama

Reappointment

5

Hiroaki Takagi

Reappointment Officer, in charge of Global

6

Fukiko Iguchi

New appointment Secretariat Office, in charge

7

Shinsuke Takatani

8

Susumu Omori

9

Nao Yoshizawa

Director & Executive
Engineering

Executive Officer, Head ofof CSR

Reappointment
External Director
Independent
Officer
Reappointment
External Director
Independent
Officer
Reappointment
External Director
Independent
Officer-6-100%(17/17 meetings)

100%(17/17 meetings)

82%(14/17 meetings)-

External Director

100%(17/17 meetings)

External Director

100%(17/17 meetings)

External Director

100%(17/17 meetings)

No.

Name
(Date of birth)1

Past experience, positions, responsibilities and significant concurrent positions
April 1952
May 1970
June 1985
February 1988
June 1992
March 2003
March 2005
March 2014

Number ofshares of theCompany held

Joined SAKATA SHOKAI Co., Ltd. (currently SAKATA INXCORPORATION)
Director, SAKATA SHOKAI Co., Ltd.
Director and Vice President, SAKATA SHOKAI Co., Ltd.
Concurrently served as President, The Inx Group Ltd.
President of the Company
Chairman & CEO of the Company
Chairman & CEO, Executive Officer of the Company
Chairman, Executive Officer of the Company (to present)

Reappointment

1,405,103

Shiro Murai(September 10, 1928)
Attendance at Board of
Directors meeting
17/17 meetings[Reasons for nomination as candidate for Director]
As the founder of the Company, Mr. Shiro Murai has long exercised his strong leadership in steering themanagement of the Company, and he has established its business model as it is today. With his excellent
analytical skills in understanding international conditions of politics and macroeconomics, he demonstrates his
managerial ability underpinned by the exceptionally deep insights, directing and leading the Group at a highstandard towards the Company’s sustained growth.
Accordingly, the Company believes that he is well qualified for the position of Director, and therefore proposes
his reappointment.

-7-

No.

Name
(Date of birth)2

Past experience, positions, responsibilities and significant concurrent positions
April 1990
December 1991
April 2012
January 2014
September 2019
March 2020

Number ofshares of theCompany held

Joined SAKATA INX CORPORATION
Singapore Representative Office, SAKATA INXCORPORATIONManager, Related Business Department of the Company
Executive Officer, in charge of Europe Area of the Company
Managing Director, SIIX Europe GmbH
Executive Officer, in charge of Global Sales & Europe Area of
the Company
President, Executive Officer of the Company (to present)

Reappointment

17,982

Koji Yanase(December 10, 1967)
Attendance at Board of
Directors meeting
17/17 meetings[Reasons for nomination as candidate for Director]
Since joining the Company, Mr. Koji Yanase has produced great results in terms of developing good relationships
with major customers of the Company and closing transactions with its new customers, at the forefront of sales.
Having years of experience working overseas, he provided appropriate direction on the occasion of commencing
transaction with a large new customer in Europe. He is also well-versed in the management infrastructure such as
business practices, logistics and IT at factories, and he is expected to further grow the Company in the future.
Accordingly, the Company believes that he is well qualified for the position of Director, and therefore proposes
his reappointment.

-8-

No.

Name
(Date of birth)

Past experience, positions, responsibilities and significant concurrent positions
April 1984
March 1991
June 1996
September 2005
April 2007
March 2008
February 2009
April 20093

Reappointment

March 2017

Seiji Ono
(November 21, 1961)

March 2019

Attendance at Board ofJanuary 2021
Directors meeting
17/17 meetings

Joined SAKATA SHOKAI Co., Ltd. (currently SAKATA INXCORPORATION)
Chicago Representative Office, SAKATA SHOKAI Co., Ltd.
Singapore Representative Office of the Company
Manager, Finance Group, Finance & Accounting Departmentof the Company
Manager, Related Business Department of the Company
Shanghai Representative Office of the Company
General Manager, Finance & Accounting Department of theCompany
Executive Officer, General Manager, Finance & Accounting
Department of the Company
Executive Officer, General Manager, Finance & Accounting
Department, in charge of Information System Department of
the Company
Director & Executive Officer, General Manager, Finance &Accounting Department, in charge of Information System
Department of the Company
Director & Executive Officer, General Manager, Finance &Accounting Department of the Company (to present)[Reasons for nomination as candidate for Director]
Since joining the Company, Mr. Seiji Ono has consistently served key positions in finance and accounting
divisions at overseas group companies. Currently, he is in charge of the global finance and accounting division.
He has extensive knowledge of accounting and tax affairs and is experienced in overseas business practices.
These knowledge and experience are utilized in such a way that he plays a part in management decision-making
by applying his deep insights to the credit assessment of investments and loans.
Accordingly, the Company believes that he is well qualified for the position of Director, and therefore proposes
his reappointment.

-9-

Number ofshares of theCompany held

18,908No.

Name(Date of birth)

Past experience, positions, responsibilities and significant concurrent positions

Joined Taiyo Kobe Bank Limited (currently Sumitomo Mitsui
Banking Corporation)
April 1992
Assigned to Research Department, Taiyo Kobe Bank Limited(seconded to Ministry of Foreign Affairs)
April 2001
Acting Senior Head of IR Department, Corporate Planning
Department, Taiyo Kobe Bank Limited
April 2008
Deputy General Manager, Corporate Business Office of Head
Office, Taiyo Kobe Bank Limited
April 2009
General Manager, Ueda Corporate Business Office, Taiyo
Kobe Bank Limited
April 2011
General Manager, Mita-Dori Corporate Business Office, Taiyo
Kobe Bank Limited
Reappointment
May 2014
General Manager in charge of Corporate Planning Departmentof the Company
January 2015
Executive Officer, General Manager, Corporate Planning
Toru Maruyama
Department of the Company(March 12, 1963)
February 2017
Executive Officer, General Manager, Tokyo General Affairs
4 Attendance at Board of
Department of the Company
January 2018
Executive Officer, General Manager, General Affairs
Directors meeting
Department, Head of Secretariat Office, General Manager,
17/17 meetings
Tokyo General Affairs Department of the Company
March 2019
Director & Executive Officer, General Manager, General
Affairs Department, Head of Secretariat Office, General
Manager, Tokyo General Affairs Department of the Company
March 2020
Director & Executive Officer, General Manager, General
Affairs Department, General Manager, Tokyo General Affairs
Department of the Company (to present)[Reasons for nomination as candidate for Director]
Mr. Toru Maruyama worked for a corporate planning division and a corporate sales division at a financial
institution and was once seconded to the Ministry of Foreign Affairs. Since joining the Company, he has
managed the corporate planning division and the general affairs & human resources division. He has extensive
knowledge of IR, public relations strategy, response to capital markets, corporate governance, compliance, credit
assessment and other areas, and he plays an appropriate role in increasing the Group’s corporate value.
Accordingly, the Company believes that he is well qualified for the position of Director, and therefore proposes
his reappointment.

Number ofshares of theCompany held

April 1986

- 10 -

9,508

No.

Name
(Date of birth)

Past experience, positions, responsibilities and significant concurrent positions

Joined Sony Corporation
Managing Director, Sony Slovakia Nitra Plant
Managing Director, Foxconn Slovakia Nitra Plant
Vice President, CCPBG TV Business Department, FOXCONNJapan Inc.
June 2017
General Manager in charge of Global Engineering Departmentof the Company
August 2017Managing Director, SIIX EMS (THAILAND) CO., LTD.
(Thailand Representative Office of the Company)
November 2017
Executive Officer, in charge of Thailand and Vietnam Area of
the Company, Managing Director, SIIX Bangkok Co., Ltd.,Managing Director, SIIX EMS (THAILAND) CO., LTD.,
Reappointment
Managing Director, SIIX Vietnam Company Limited
May 2018
Executive Officer, Managing Director & General Manager,
Hiroaki Takagi
SIIX EMS (Shanghai) Co., Ltd. (Shanghai Representative
5(July 29, 1961)
Office of the Company)
October 2021
Executive Officer of the Company, Managing Director &General Manager in charge of special appointment matters,
Attendance at Board of
Directors meeting
SIIX EMS (Shanghai) Co., Ltd.
March 2022
Director & Executive Officer, in charge of Global Engineering
14/17 meetingsof the Company
In charge of SIIX Electronics Co., Ltd. (to present)[Reasons for nomination as candidate for Director]
Mr. Hiroaki Takagi has management experience at overseas factories of a major electronics manufacturer and a
global manufacturer. Since joining the Company, he has expanded both factories in Thailand and Shanghai in
his capacity as a MD and made them major manufacturing bases by increasing their production capacity, etc.,
contributing to the expansion of the ever-growing EMS business. In particular, he has a wide range ofknowledge and experience with regard to the manufacturing, technology and quality of the substrate
manufacturing process.
Accordingly, the Company believes that he is well qualified for the position of Director, and therefore proposes
his reappointment.

Number ofshares of theCompany held

April 1980
April 2009
July 2010
November 2016

- 11 -

3,062

No.

Name
(Date of birth)

Past experience, positions, responsibilities and significant concurrent positions
April 1988
April 2008
March 2019
March 2020

6

Number ofshares of theCompany held

Joined SAKATA INX CORPORATION; Secretaries Group,
General Affairs Division
Manager, Secretariat Office of the Company
Executive Officer, in charge of secretaries, Secretariat Officeof the Company
Executive Officer, Head of Secretariat Office, in charge of
CSR of the Company (to present)

New appointment

43,131

Fukiko Iguchi(January 15, 1968)[Reasons for nomination as candidate for Director]
Since joining the Company, Ms. Fukiko Iguchi has worked in the Secretariat Office as a secretary to the top
executives and performed a full spectrum of administrative duties. Going far beyond the boundaries ofsecretarial work, she has provided relevant opinions from a compliance perspective and contributed to thesustainable growth of the Company. Since assuming the office of Executive Officer, she has been playing asignificant role in ESG and CSR related initiatives and activities with economic organizations, as well asactivities of the Honorary Consulate of the Slovak Republic, of which the Company takes charge.
Accordingly, the Company believes that she is well qualified for the position of Director, and therefore
proposes her appointment.

- 12 -

No.

Name(Date of birth)

Past experience, positions, responsibilities and significant concurrent positions

Joined Nomura Securities Co., Ltd.
Joined Deloitte Haskins & Sells (currently Deloitte Touche
Tohmatsu LLC)
October 1984
Opened Takatani Shinsuke CPA & Tax Accountant Office
September 1990
Participated in establishment of HOKUTO & CO. (currently
GYOSEI & CO.) Assumed office as Representative Partner
June 1995
External Audit & Supervisory Board Member, FUJI
CORPORATION LIMITED (to present)
June 2000
Audit & Supervisory Board Member, KAWASHIMASELKON TEXTILES CO., LTD.
January 2008
Deputy Executive Director, GYOSEI & CO.
March 2011
External Audit & Supervisory Board Member of the Company
Reappointment
July 2014
Executive Director, GYOSEI & CO.
External Director
March 2015
External Director of the Company (to present)
Independent Officer
July 2018
Established Hokushin Tax Accounting Corporation Assumed
7
office as Representative Partner (to present)
Shinsuke Takatani [Significant concurrent positions](December 30, 1951)•
Representative Partner, Hokushin Tax Accounting Corporation•
External Audit & Supervisory Board Member, FUJI CORPORATION
Attendance at Board of
LIMITED
Directors meeting
17/17 meetings

Number ofshares of theCompany held

April 1974
November 1978

[Reasons for nomination as candidate for External Director and outline of expected roles]
Mr. Shinsuke Takatani possesses knowledge of accounting and tax affairs acquired through years of experience
as a certified public accountant. He offers suggestions on the Company’s overall management from a global
perspective: In particular, he provides accurate, extremely effective advice on its important investment projects,
risk management and tax matters from the certified public accountant’s viewpoint, exerting himself to promote
the sound growth of the Company.
Accordingly, the Company believes that he is well qualified for the position of External Director, and therefore
proposes his reappointment.

- 13 -

2,000

No.

Name
(Date of birth)

Past experience, positions, responsibilities and significant concurrent positions

Number ofshares of theCompany held

April 1974
April 1990
August 2005
April 2012

8

Reappointment
External Director
Independent Officer

Joined Nomura Securities Co., Ltd.
Joined Credit Suisse First Boston
President, UBS Securities Japan Co., Ltd.
Representative Director and President, UBS Securities Japan
Co., Ltd.
Representative Director and Chairman, UBS Securities Japan
July 2015
Co., Ltd.
July 2016
Full-time Audit & Supervisory Board Member, UBS Securities
Japan Co., Ltd. (to present)
External Audit & Supervisory Board Member, UBS AssetManagement (Japan) Ltd
March 2017
External Director of the Company (to present)[Significant concurrent position]•
Full-time Audit & Supervisory Board Member, UBS Securities Japan Co., Ltd.
0

Susumu Omori(February 13, 1951)
Attendance at Board of
Directors meeting
17/17 meetings[Reasons for nomination as candidate for External Director and outline of expected roles]
Mr. Susumu Omori served as the leadership at a foreign securities firm for a long period of time and has gained
excellent experience in the stock and capital markets. He is also well-versed in the management strategy
formulation and other business practices thanks to the experience as the leadership. His advice is essential to bring
the Company’s corporate governance, ESG initiatives and engagement to a higher level so as to meet the demandof institutional investors.
Accordingly, the Company believes that he is well qualified for the position of External Director, and therefore
proposes his reappointment.

- 14 -

No.

Name(Date of birth)

Past experience, positions, responsibilities and significant concurrent positions
October 2002

Reappointment
External Director
Independent Officer

9

Nao Yoshizawa(May 16, 1975)

Joined Asahi Koma Law Offices (currently Nishimura & Asahi)
Registered as an attorney
November 2009
Established Uruma & Yoshizawa Law Offices (currently Uruma
Law Offices) Managing Partner of the Law Offices
February 2011
Registered as a patent attorney
June 2013
External Audit & Supervisory Board Member, ESCRIT INC.
March 2015
Outside Statutory Auditor, Livesense Inc.
February 2019
Advisory Committee Member of Council for Science,
Technology and Innovation in Biotechnology, Cabinet
Secretariat
July 2020
External Audit & Supervisory Board Member of the Company
December 2020
Representative Director, Willsame Inc. (to present)
March 2021
External Director of the Company (to present)
August 2021
Managing Partner, GRiT Partners (to present)[Significant concurrent positions]•Managing Partner, GRiT Partners•
Representative Director, Willsame Inc.

Number ofshares of theCompany held

0

Attendance at Board of
Directors meeting
17/17 meetings[Reasons for nomination as candidate for External Director and outline of expected roles]
Mr. Nao Yoshizawa possesses legal knowledge acquired through years of experience as an attorney. He hasremarkably deep insights into corporate legal affairs, M&A, capital markets, etc., and his professional expertise ina wide range of areas, including medical innovation, health care business, advanced elderly research, and data
science, is tremendously beneficial for the Company’s sustainable growth and new business development. He
belongs to a wide range of academic societies and groups in advanced fields and is licensed as a patent attorney,certified fraud examiner, information technology strategist, and registered information security specialist. We
believe he can contribute to the Company’s governance from a new perspective.
Accordingly, the Company believes that he is well qualified for the position of External Director, and therefore
proposes his reappointment.
(Notes)1. There are no special interests between the candidates for Directors and the Company.
2. The Company stipulates in its Articles of Incorporation that, pursuant to Article 427, Paragraph 1 of the Companies Act,it may enter into an agreement with Directors (excluding Directors who are Executive Directors, etc.) and Audit &Supervisory Board Members to limit the liability for damages set forth in Article 423, Paragraph 1 of the same Act.
Based on this agreement, the limit of liability for damages is the sum of the amounts specified in Article 425, Paragraph
1 of the Companies Act.
The Company has entered into the agreement with Mr. Shinsuke Takatani, Mr. Susumu Omori and Mr. Nao Yoshizawa
to limit the liability for damages, and plans to renew the agreement if they are re-elected.
3. The Company has entered into a directors and officers (D&O) liability insurance policy stipulated in Article 430-3,
Paragraph 1 of the Companies Act with all Directors as the insured to ensure that officers can fully perform their
expected roles in the course of their duties and to allow the Company to obtain superior talent. If this Proposal isapproved as originally proposed and each candidate is appointed as Director, they will be the insured under the said
insurance policy. Under the said insurance policy, damages that may arise as a result of the insured directors and officers
assuming responsibilities regarding the execution of their duties or receiving claims pertaining to the pursuit of such
responsibilities shall be covered. However, the policy does include certain exemption clauses, such as no compensation
being given for damages attributable to acts in violation of laws or regulations that were carried out with full knowledgeof their illegality. The insurance fee for the policy and all added special clauses is borne by the Company and no
substantial insurance fee is borne by the insured. The said insurance policy has a deductible and damages up to the
deductible shall not be covered by the policy. The term of the D&O insurance policy is one (1) year, and the Company
plans to renew the policy by the resolution of the Board of Directors prior to the expiration of the said term.
4. Messrs. Shinsuke Takatani, Susumu Omori and Nao Yoshizawa have been registered as Independent Officers pursuant
to the rules of Tokyo Stock Exchange, Inc. If elections of the three persons are approved, they will continue to be
Independent Officers.

- 15 -

5. The candidate for External Director, Mr. Shinsuke Takatani, is currently an External Director of the Company and will
have served for eight (8) years at the conclusion of this General Shareholder’s Meeting.
6. The candidate for External Director, Mr. Susumu Omori, is currently an External Director of the Company and will have
served for six (6) years at the conclusion of this General Shareholder’s Meeting.
7. The candidate for External Director, Mr. Nao Yoshizawa, is currently an External Director of the Company and will
have served for two (2) years at the conclusion of this General Shareholder’s Meeting.

- 16 -

Proposal 3:

Election of Three (3) Audit & Supervisory Board Members

The terms of office of all three (3) Audit & Supervisory Board Members will expire at the conclusion ofthis General Shareholder’s Meeting.
Accordingly, the election of three (3) Audit & Supervisory Board Members is proposed.
The Audit & Supervisory Board has given its consent to this proposal.
The candidates for Audit & Supervisory Board Members are as follows.
Mr. Yasuo Nitta and Ms. Yasuko Fujii are candidates for External Audit & Supervisory Board Members.

No.

1

Name

Akio Yoshida

2

Yasuo Nitta

3

Yasuko Fujii(Current name: Hikita)

New appointment
Reappointment
External Audit &Supervisory Board
MemberIndependent
AuditorNew appointment
External Audit &Supervisory Board
MemberIndependent
AuditorCurrent positions at theCompany

Attendance atBoard ofDirectors
meeting

Attendance at
Audit &
Supervisory
Board meeting

Executive Officer (Head
Office)--External Audit &Supervisory Board
Member-- 17 -

100%
100%(17/17 meetings) (17/17 meetings)

-

-

No.

Name
(Date of birth)

Past experience, positions, and significant concurrent positions

Joined SAKATA SHOKAI Co., Ltd. (currently SAKATA INXCORPORATION)
February 1987
Boston Representative Office, SAKATA SHOKAI Co., Ltd.
February 1991
Singapore Representative Office, SAKATA SHOKAI Co., Ltd.
June 1997
Dusseldorf Representative Office of the Company
January 2001
Manager, Osaka Sales Department of the Company
January 2008
Managing Director, SIIX H.K. Ltd. (Hong Kong Representative
Office of the Company)
January 2012
Executive Officer, in charge of Hong Kong and South China
Area of the Company, Managing Director, SIIX H.K. Ltd.
July 2012
Executive Officer, in charge of Hong Kong and South China
Area of the Company, Managing Director, SIIX H.K. Ltd.,Managing Director, SIIX EMS (DONG GUAN) Co., Ltd.
New appointment
November 2015
Executive Officer, General Manager, Osaka Sales Department,in charge of Midea project, in charge of Taiwan of the Company
Akio Yoshida1
February 2017
Executive Officer, in charge of the Philippines of the Company,(October 21, 1961)
Managing Director, SIIX Logistics Phils, Inc., in charge of SIIX
EMS PHILIPPINES, INC., in charge of SIIX COXONPRECISION PHILS., INC.
November 2017
Executive Officer, General Manager, Planning Department of theCompany
March 2020
Executive Officer, General Manager, Osaka Sales Department of
the Company
January 2023
Executive Officer (Head Office) of the Company (to present)[Reasons for nomination as candidate for Audit & Supervisory Board Member]
Since joining the Company, Mr. Akio Yoshida has produced great results at many trading and manufacturingbases in Japan and overseas at the forefront of sales. He possesses a wealth of business knowledge andexperience related to sales. He has also served in top-management positions in overseas subsidiaries andaccumulated knowledge pertaining to personnel affairs and in the field of manufacturing. As he is well versedin the Company's unique business model, the Company believes he can perform audits in a highly insightful
and practical manner, and therefore proposes his appointment.

Number ofshares of theCompany held

April 1984

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11,430No.

Name(Date of birth)

Past experience, positions, and significant concurrent positions
April 1982
October 1986
October 1998
July 2001
July 2003
July 2007
March 2021

Reappointment

Number ofshares of theCompany held

Joined Marumitsu Co., Ltd. (currently Proroute Marumitsu Co.,
Ltd.)
Joined Audit firm Asahi Shinwa & Co. (currently KPMG AZSA
LLC)President of Nitta Accounting Office (to present)
Joined TOKYO HOKUTO & CO. (currently GYOSEI & CO.)Partner, TOKYO HOKUTO & CO.
Representative Partner, GYOSEI & CO.
External Audit & Supervisory Board Member of the Company(to present)[Significant concurrent position]•
President of Nitta Accounting Office

External Audit &Supervisory Board
MemberIndependent Auditor

2

Yasuo Nitta(February 12, 1960)

0Attendance at Board of
Directors meeting
17/17 meetings
Attendance at Audit &Supervisory Board
meeting
17/17 meetings[Reasons for nomination as candidate for External Audit & Supervisory Board Member]
Mr. Yasuo Nitta possesses knowledge of accounting and tax affairs acquired through years of experience as acertified public accountant. The Company believes he has the ability to rigorously audit its importantinvestment projects and business management of its overseas subsidiaries from the perspective of a certified
public accountant on a global basis. As he also has management experience as a representative partner of anaudit firm, the Company believes he can perform audits in a highly insightful manner, and therefore proposes
his reappointment.

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No.

Name(Date of birth)

Past experience, positions, and significant concurrent positions
December 2008
October 2012
January 2015

Number ofshares of theCompany held

Registered as an attorney (Osaka Bar Association); joined Fujiki
General Law Office
Joined Honmachi General Law Office
Joined Fujiki-Shinsei Law Office (to present)

New appointment

3

External Audit &Supervisory Board
Member0

Independent Auditor

Yasuko Fujii(Current name: Hikita)(July 29, 1975)[Reasons for nomination as candidate for External Audit & Supervisory Board Member]Ms. Yasuko Fujii possesses legal knowledge acquired through years of experience as an attorney. In addition,
as a certified fraud examiner, she also has expertise in fraud investigation and compliance. The Company
believes she can perform audits in a highly insightful manner as an attorney, and therefore proposes her
appointment.
(Notes)1. There are no special interests between the candidates for Audit & Supervisory Board Members and the Company.
2. The Company stipulates in its Articles of Incorporation that, pursuant to Article 427, Paragraph 1 of the Companies Act,it may enter into an agreement with Directors (excluding Directors who are Executive Directors, etc.) and Audit &Supervisory Board Members to limit the liability for damages set forth in Article 423, Paragraph 1 of the same Act.
Based on this agreement, the limit of liability for damages is the sum of the amounts specified in Article 425, Paragraph
1 of the Companies Act.
The Company has entered into the agreement with Mr. Yasuo Nitta to limit the liability for damages, and plans to renew
the agreement if he is re-elected. In addition, if the election of Mr. Akio Yoshida and Ms. Yasuko Fujii is approved, theCompany plans to enter into the same agreement with each of them.
3. The Company has entered into a directors and officers (D&O) liability insurance policy stipulated in Article 430-3,
Paragraph 1 of the Companies Act with all Audit & Supervisory Board Members as the insured to ensure that officers
can fully perform their expected roles in the course of their duties and to allow the Company to obtain superior talent. If
this Proposal is approved as originally proposed and each candidate is appointed as Audit & Supervisory Board Member,they will be the insured under the said insurance policy. Under the said insurance policy, damages that may arise as aresult of the insured directors and officers assuming responsibilities regarding the execution of their duties or receiving
claims pertaining to the pursuit of such responsibilities shall be covered. However, the policy does include certain
exemption clauses, such as no compensation being given for damages attributable to acts in violation of laws or
regulations that were carried out with full knowledge of their illegality. The insurance fee for the policy and all added
special clauses is borne by the Company and no substantial insurance fee is borne by the insured. The said insurance
policy has a deductible and damages up to the deductible shall not be covered by the policy. The term of the D&O
insurance policy is one (1) year, and the Company plans to renew the policy by the resolution of the Board of Directors
prior to the expiration of the said term.
4. Mr. Yasuo Nitta has been registered as an Independent Auditor pursuant to the rules of Tokyo Stock Exchange, Inc. If
his re-election is approved, he will continue to be an Independent Auditor.
5. If Ms. Yasuko Fujii is appointed as Audit & Supervisory Board Member, the Company will register her with Tokyo
Stock Exchange, Inc. as an Independent Auditor.

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6. The candidate for External Audit & Supervisory Board Member, Mr. Yasuo Nitta, is currently an External Audit &Supervisory Board Member of the Company and will have served for two (2) years at the conclusion of this General
Shareholder’s Meeting.

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Proposal 4:

Revision of the Amount of Compensation, etc. for Directors

At the 25th Annual General Shareholder’s Meeting of the Company held on March 30, 2017, it wasapproved that the amount of remuneration, etc. for Directors of the Company shall be set within 400 million
yen per annum (excluding the employee salary/bonus portion paid to Directors who concurrently serve as
employees, and including 30 million yen or less for External Directors; the number of Directors was five (5)at the conclusion of the said meeting (including two (2) External Directors)). At the 30th Annual General
Shareholder’s Meeting of the Company held on March 30, 2022, it was approved that, separately from theamount of the monetary remuneration, the amount of monetary remuneration claims to be granted to
Directors excluding External Directors as remuneration, etc. for restricted stock shall be set at 50 million yen
or less per annum (the number of Directors excluding External Directors was five (5) at the conclusion of thesaid meeting).
This time, considering various circumstances, such as subsequent increases in the number of Directors
and changes in the economic situation and business environment, the Company proposes to revise theamount to 500 million per annum (including 50 million yen or less for External Directors). Monetary
remuneration claims to be granted as remuneration, etc. for restricted stock shall not be included in therevised amount of remuneration, etc. for Directors of the Company based on this proposal.
The amount of remuneration, etc. for Directors shall exclude the employee salary portion paid to
Directors who concurrently serve as employees as before.
This proposal was determined after discussion at the Board of Directors and comprehensive considerationof the Company's business scale, remuneration system for directors and officers, current number of officers,
future trends, etc., and the Company believes that it is reasonable.
The current number of Directors is eight (8) (including three (3) External Directors), and if Proposal 2 isapproved, the number of Directors will be nine (9) (including three (3) External Directors).

- 22 -

[Reference]
Skill Matrix of Directors
It lists skill items that represent the areas expected of Directors and shows the skills and experience
possessed by each candidate for Director based on their work history, experience, background, etc.
(If Proposal 2 “Election of Nine (9) Directors” is approved)

Shiro Murai

Koji Yanase

Seiji Ono

Toru Maruyama

Reappointment/
new appointment

Reappointment

Reappointment

Reappointment

Reappointment

Position

Director

Director

Director

Director

Corporate management,
management strategy

〇

〇

〇

〇

Sales strategy〇〇

Marketing〇〇

Finance, capital policy
M&A

〇

〇

Manufacturing〇〇

Compliance,internal control
Personnel affairs,
HR development
Global experience
ICT (Note 1),
DX (Note 2)
Cultural andsocial contribution

〇

〇
〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇
〇

〇

Diversity(Notes) 1. ICT is the abbreviation of Information and Communication Technology and is a general term fortechnologies relating to information and communication.
2. DX is a company’s undertaking to respond to drastic changes in the business environment, utilize
data and digital technologies to transform its products, services, and business models based on theneeds of customers and society as well as transform its operations themselves, organization,
processes, and corporate culture and climate, and establish competitive advantages.
3. The above table does not show all of the knowledge and experience that the Directors have.

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Composition of Directors
The Board of Directors of the Company has independence and diversity: one-third of its members (3 out of9) are External Directors with a broad range of backgrounds, and one member is a female Director.

Hiroaki Takagi

Fukiko Iguchi

Shinsuke Takatani

Susumu Omori

Nao Yoshizawa

Reappointment

New appointment

Reappointment

Reappointment

Reappointment

Director

Director

External Director
Independent Officer

External Director
Independent Officer

External Director
Independent Officer

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇

〇
〇
〇
〇

〇

〇

〇

〇

- 24 -〇