(Translated from the Japanese original)
To the Shareholders of Rinnai Corporation(Securities Code: 5947)
June 27, 2024
Rinnai Corporation
2-26, Fukuzumi-cho, Nakagawa-ku,Nagoya, Aichi 454-0802, Japan
Hiroyasu Naito, President

Notice of Resolutions Adopted at
the 74th Ordinary General Shareholders’ Meeting
Rinnai Corporation (the “Corporation) hereby informs you that reports werepresented and resolutions were passed as described in detail below at theCorporation’s 74th Ordinary General Shareholders’ Meeting held on June 27, 2024.
Reports:Details
1. The Business Report, the report on the Consolidated FinancialStatements, and the results of the audit of the Consolidated
Financial Statements by the Accounting Auditor and the Audit &Supervisory Board for the 74th Fiscal Year (April 1, 2023–March31, 2024).
The content of the aforementioned Business Report,
Consolidated Financial Statements, and auditing results wasduly presented.
2. The report on the Nonconsolidated Financial Statements for the74th Fiscal Year (April 1, 2023–March 31, 2024).
The content of the Nonconsolidated Financial Statements
was duly presented.

Matters for Resolution:<The Corporation’s Proposals>

Agenda Item 1. Appropriation of retained earnings
The resolution was approved as proposed.
The year-end dividend is ¥30.00 per share of common stock.
Agenda Item 2. Election of nine (9) directors
The resolution was approved as proposed. Of nine directors, eight(Kenji Hayashi, Hiroyasu Naito, Tsunenori Narita, Hideyuki Shiraki,
Kazuto Inoue, Takashi Kamio, Tadashi Ogura, and Yoko Dochi)
were re-elected and one (Kumi Sato) was newly elected. All nine
assumed their positions. Takashi Kamio, Tadashi Ogura, YokoDochi, and Kumi Sato are outside directors.
Agenda Item 3. Election of four (4) Audit & Supervisory Board members
The resolution was approved as proposed. Four Audit &Supervisory Board members (Masanori Shimizu, Masaaki
Matsuoka, and Ippei Watanabe) were re-elected and one (AtsuoKashima) was newly elected. Masaaki Matsuoka, and Ippei
Watanabe are outside members of the Audit & Supervisory Board.
Agenda Item 4. Election of one (1) substitute Audit & Supervisory Boardmember
The resolution was approved as proposed. One substitute Audit &Supervisory Board member (Yoshirou Ishikawa) was elected.

1<Shareholder Proposals>
Agenda Item 5. Implementation of Share Buyback
The proposal was rejected.
END-----------------------------------------------------------------------------------------------------Year-End Dividend Payments
Year-end dividends can be received by presenting the enclosed Dividend Receipt ata post office or bank during the payment period (June 28–July 29, 2024).
Shareholders who have designated a bank account into which dividends are to
be deposited are asked to confirm the information in the enclosed Dividend
Calculation Notice and accompanying Transfer Details. Shareholders who havechosen to receive dividends by the allocation based on the number of shares method
are asked to confirm the information in the enclosed Dividend Calculation Notice andaccompanying Methods Available for Receiving Dividends. Enclosed is the Dividend
Calculation Notice to shareholders who receive dividends by presenting the Year-EndDividend Receipt.
END

This document is a translation of the Japanese-language original and has been prepared as aguide for non-Japanese investors.

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