Note: This document has been translated from the Japanese original for reference purposes only. In theevent 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.
June 25, 2021
To Shareholders:
Makoto Asanuma
Representative President
Asanuma Corporation
Main Office: 1-2-3 Minatomachi,
Naniwa-ku, Osaka

NOTICE OF RESOLUTIONS OF
THE 86TH ANNUAL GENERAL MEETING OF SHAREHOLDERS
We would like to express our appreciation for your continued support and patronage.
We hereby notify that the following reports and resolutions were made today at the 86th Annual General
Meeting of Shareholders of Asanuma Corporation (the “Company”).
Matters reported:

1. The Business Report, Consolidated Financial Statements for the Company’s

86th Fiscal Year (April 1, 2020 - March 31, 2021) and results of audits of theConsolidated Financial Statements by the Accounting Auditor and the Audit& Supervisory Board
2. Non-consolidated Financial Statements for the Company’s 86th Fiscal Year(April 1, 2020 - March 31, 2021)
Matters pertaining to the foregoing were reported.
Proposals resolved:<Company Proposals (Proposals No. 1 to No. 5)>
Appropriation of Surplus
Proposal 1:
This proposal was resolved as originally proposed. It was decided that ayear-end dividend is ¥257 per common share of the Company and the start dateof the dividend payment is July 14, 2021.
Election of Nine (9) Directors
Proposal 2:This proposal was resolved as originally proposed. The nine (9) candidates,Messrs. Makoto Asanuma, Morio Yamakoshi, Yukihiro Ueshiba, KazuhiroMoriyama, Akihiro Toyota, Masahiro Fujisawa, Masafumi Fukuda, TakuyaMorikawa and Ms. Miwako Funamoto were elected and assumed office asDirectors respectively.
The three (3) candidates, Messrs. Masafumi Fukuda, Takuya Morikawaand Ms. Miwako Funamoto are Outside Directors.
Election of One (1) Audit & Supervisory Board Member
Proposal 3:This proposal was resolved as originally proposed. Ms. Tomoko Kimura waselected and assumed office as an Audit & Supervisory Board Member.
Ms. Tomoko Kimura is an Outside Audit & Supervisory Board Member.
Revision of the Amount of Remuneration, etc., for Directors
Proposal 4:This proposal was resolved as originally proposed. The maximum total
amount of remuneration, etc. for Directors was revised to 20 million yenmonthly (including 4 million yen monthly for Outside Directors).
Determination of Remuneration, etc. for Granting Restricted Stock to Directors
Proposal 5:(Excluding Outside Directors)
This proposal was resolved as originally proposed. It was decided that therestricted stock is newly allotted to Directors (excluding Outside Directors;-1-hereinafter, “Eligible Directors”) as a form of remuneration, etc., separate to theamount of fixed remuneration, etc. for Directors.
Eligible Directors receive the issuance or disposition of shares of theCompany’s common stock pursuant to a resolution of the Board of Directors ofthe Company, and the total number of shares of the Company’s common stock
to be issued or disposed of in this manner does not exceed 40,000 shares per
fiscal year. The total value of shares of the Company’s common stock to beissued or disposed of in order to grant restricted stock does not exceed 70
million yen per fiscal year.
<Shareholder Proposals (Proposals No. 6 and No. 7)>
Amendments to Articles of Incorporation Pertaining to Sale of Strategic Shares
Proposal 6:
This proposal was rejected.
Appropriation of Surplus
Proposal 7:
This proposal was rejected.

Notice Regarding Payment of Year-end Dividend
In addition to the Company’s proposal regarding appropriation of surplus, some shareholders
submitted their own proposal regarding the same subject to this General Meeting of Shareholders. It
was decided, therefore, that the payment of the year-end dividend for the 86th fiscal year starts on July14, 2021. The Company will send shareholders detailed information on the payment of the year-end
dividend for the 86th fiscal year on or after July 13, 2021.

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