Notice: This document is a translation of the original Japanese document and is only for reference
purposes. In the event of any discrepancy between this translated document and the original
Japanese document, the latter shall prevail.

December 12, 2023
80, Oshimada-machi, Nagano-shi, 381-2287 JapanSHINKO ELECTRIC INDUSTRIES CO., LTD.
Stock exchange code: 6967, TSE Prime

Notice Concerning Amendment of Year-End Dividend Forecast for Fiscal Year Endingin March 2024 (No Dividends) and Abolition of Shareholder Special Benefit Program
In light of the tender offer (the “Tender Offer”) for the Company’s common shares (the “CompanyShares”) to be conducted by JICC-04, Ltd. (the “Tender Offeror”) as stated in the “Notice Concerning
Expression of Opinion to Support Commencement of Tender Offer for Company Shares by JICC-04,
Ltd. and Recommendation of Tender Thereto” (the “Press Release Giving Notice of Expression ofOpinion”) announced separately today, the Company hereby announces that it passed a resolution at its
Board of Directors meeting, held today, not to make any year-end dividends for the fiscal year endingin March 2024, and to abolish the shareholder special benefit program beginning with the fiscal year
ending in March 2024.
1. Amendment of dividend forecast
1) Amendment details
Dividend per share

Previous forecast(Announced on April 27, 2023)

End of secondquarter

Fiscal year-end

Annual25.00 yen

25.00 yen

50.00 yen

0.00 yen

25.00 yen

25.00 yen

50.00 yen

Current amended forecast
Actual results for the current
fiscal year
(Ref.) Actual results for theprevious fiscal year
(Fiscal year ended in March 2023)

25.00 yen
25.00 yen

2) Reasons for the amendment
The Company passed a resolution at its Board of Directors meeting held today to express an opinion
to support the Tender Offer and recommend that its shareholders tender their shares in the Tender
Offer. The Board of Directors’ resolution above was made on the assumption that the Tender Offeror
intends to make the Company its wholly-owned subsidiary through the Tender Offer and a series ofsubsequent procedures and that the Company Shares will be delisted. For details, please see the Press
Release Giving Notice of Expression of Opinion.
The Company previously positioned shareholder returns as one of its most important management
policies. However, according to the Tender Offeror, the purchase price for the Tender Offer wasdetermined on a comprehensive basis, based on the assumption that no dividends would be paid basedon the base date of March 31, 2024. Accordingly, the Company passed a resolution at its Board ofDirectors meeting held today to amend the dividend forecast for the fiscal year ending in March 2024
and not to pay year-end dividends for the fiscal year ending in March 2024.

12. Abolition of shareholder special benefit program
The Company is grateful to its shareholders for their ongoing support, and had the shareholder specialbenefit program in place with a base date of March 31 of each year with the intention to makeinvestment in Company Shares more attractive and to have more shareholders hold Company Sharesin the medium to long term. However, in light of the plan to conduct the Tender Offer for the CompanyShares, the Company passed a resolution at its Board of Directors meeting, held today, to abolish theshareholder special benefit program. Accordingly, the Company’s shareholder special benefit
program will be abolished, with the final shareholder special benefit being the one granted in June
2023 to shareholders covered by the program as of March 31, 2023.
End of document2