Note: This document has been translated from a part of the original Notice of Convocation written in Japanese and is provided
for your convenience only, without any warranty as to its accuracy or as to the completeness of the information. The
Japanese original version of the document is the sole official version.

Stock code: 4343
April 26, 2023
(Start date of measures for providing information in electronic format: April 21, 2023)

AEON Fantasy Co., Ltd.
1-5-1, Nakase, Mihama-ku, Chiba-shi, Chiba
President and Representative Director: Tokuya Fujiwara
To the Shareholders of AEON Fantasy Co., Ltd.:

Notice of the 27th Ordinary General Meeting of Shareholders
We are pleased to announce the 27th Ordinary General Meeting of Shareholders of AEON Fantasy
Co., Ltd. (the “Company”), to be held as described below:
The Company has taken measures upon convening this Ordinary General Meeting of Shareholders
to provide information in electronic format. It has therefore posted the contents of this notice as“Notice of Convocation of the 27th Ordinary General Meeting of Shareholders” on the following
website.
The Company’s website:
https://www.fantasy.co.jp/company/ircontent/stock_bond/stock_bond_08.html (in Japanese)
In addition to the above, the information is also posted on the following website.
Tokyo Stock Exchange (TSE) website:
https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)(Please visit the TSE website listed above and enter the Company’s name or stock code to search,then select “Basic information” followed by “Documents for public inspection/PR information.”)For those who will be attending the meeting in person, we request that you submit the enclosed
Form for Exercising Voting Rights to a receptionist at the meeting venue. Those who will notattend may vote by postal mail or via the Internet, etc. Please exercise your voting rights no later
than 6:00 p.m. on Wednesday, May 17, 2023, after reviewing the Reference Documents for the
General Meeting of Shareholders under matters subject to measures for providing information inelectronic format.

1. Date and Time: Thursday, May 18, 2023; 10:00 a.m.
2. Place:

Multi-purpose hall, 3rd floor, AEON TOWER Annex
1-5-1, Nakase, Mihama-ku, Chiba-shi, Chiba(Reception will open at 9:00 a.m.)1

3. Objectives of Meeting
Matters to be reported: 1. Business Report and Consolidated Financial Statements for the
27th fiscal year (from March 1, 2022 to February 28, 2023) and
Reports of Audit on the Consolidated Financial Statements by
Financial Auditor and Audit & Supervisory Board
2. Nonconsolidated Financial Statements for the 27th fiscal year
(from March 1, 2022 to February 28, 2023)
Matters to be resolved:
Agenda Item 1:
Election of nine (9) Directors
Agenda Item 2:

Election of two (2) Audit & Supervisory Board Members

If revisions to the matters subject to measures for providing information in electronic format arise,a notice of the revisions and the details of the matters before and after the revisions will be postedon the Company’s aforementioned website and the TSE website.

2

Reference Documents for the General Meeting of Shareholders
Agenda Item 1: Election of nine (9) Directors
The terms of office of all eight (8) Directors will expire at the conclusion of this General Meetingof Shareholders. Accordingly, the Company proposes to elect nine (9) Directors.
The candidates for Directors are as follows.
(Procedures in the appointment of candidates for Directors.)
After deliberation by the Nomination and Remuneration Advisory Committee, of which an
Outside Director is Chairperson, and Outside Directors form a majority of the members, thecandidates for Directors are determined by the Board of Directors and submitted at this meeting.

1. Tokuya Fujiwara

Reelection

Date of birthJun. 5, 1970

Career summary,Mar. 2000

Joined the Company

Mar. 2008

Chief Manager of Machines Group, Merchandising Department, the Company

Mar. 2009

Chief Manager of Medal Games Group, Merchandising Department, the Company

significant

Dec. 2010

Acting Senior General Manager of Merchandising Department, the Company

concurrent positions

Sep. 2011

Senior General Manager of Merchandising Department, the Company

Mar. 2013

Senior General Manager of Merchandising Development Department, the Company

May 2013

Director, the Company

Mar. 2017

In charge of Global Merchandising and New Business Control, the Company

May 2017

Managing Director, the Company

Mar. 2020

Chief of Domestic Business and Senior General Manager of Amusement Business Department, theMar. 2021

Chief of Domestic Business, the Company

May 2021

President and Representative Director, the Company (present post)

position and areas of
responsibility in the
Company, andoutside the Company

Number of the Company’s shares owned: 6,500 sharesCompany

Tokuya Fujiwara has been involved in the area of merchandising and sales for many years, and has promoted efforts toReasons for selection
as a candidate for
Director

realize merchandising and domestic business strategies. The Company proposes him as a candidate for reelection as
Director as it deems he will apply his abundant experience and knowledge gained up until now to realize strategies forbusiness growth for the Company overall and further contribute to improving corporate value.

Conflicts of interest

No conflict of interest exists between the Company and Tokuya Fujiwara.

3

2. Yoshinori Iseki

Reelection

Date of birthJul. 8, 1967

Career summary,

Apr. 1990

Joined The Daiei, Inc.

Apr. 1995

Joined The Daiei Leisure Land, Inc. (currently known as the Company)

position and areas of
responsibility in the
Company, andSep. 2006

outside the Company

General Manager of Business Management Department, Fun Field Co., Ltd. (currently known as theCompany)

significant
concurrent positions

Number of the Company’s shares owned: – sharesSep. 2014

General Manager of Business Planning Department, Fun Field Co., Ltd.

Jun. 2015

Acting General Manager of President’s Office, the Company

Mar. 2016

General Manager of Public Relations, the Company

Mar. 2017

Acting Senior General Manager of Financial Affairs & Administrative Department, the Company

Sep. 2017

Senior General Manager of Financial Affairs & Administrative Department, the Company

Mar. 2018

Senior General Manager of Financial Affairs Department, the Company

May 2019

Director, the Company

May 2021

Managing Director in charge of Management Control, Senior General Manager of Financial Affairs
Department and Officer of Risk Management, the Company

Mar. 2022

Managing Director in charge of Management Control and Officer of Risk Management, the Company

May 2022

Director, Managing Executive Officer in charge of Management Control and Officer of Risk Management,
the Company (present post)

Yoshinori Iseki has been involved in the areas of bookkeeping, control, public relations and investor relations for many
Reasons for selection

years, and currently executes operations of financial affairs, personnel, general affairs, risk management, etc. The

as a candidate forCompany proposes him as a candidate for reelection as Director as it deems he will apply his abundant experience andDirector

knowledge gained up until now to realize financial strategies and further contribute to strengthening corporate governanceand improving corporate value.

Conflicts of interest

No conflict of interest exists between the Company and Yoshinori Iseki.

4

3. Takeshi Kyogoku

Reelection

Date of birthJun. 25, 1971

Career summary,

Apr. 1994

Joined MYCAL Corp. (currently known as AEON RETAIL Co., Ltd.)

Sep. 1997

Joined Mycal Create Corp. (currently known as the Company)

Company, andApr. 2012

General Manager of Personnel Group, the Company

significant

May 2014

President and Representative Director, AEON FANTASY GROUP PHILIPPINES, INC.

concurrent positions

Jun. 2018

Senior General Manager of Personnel Department, the Company

position and areas of
responsibility in theoutside the Company

May 2019

Number of the Company’s shares owned: 1,800 shares

Director, Senior General Manager of Personnel Department and Officer of Diversity Promotion, theCompany

Mar. 2021

Director, Senior General Manager of Personnel & General Affairs Department and Officer of Diversity, theCompany

May 2021

Managing Director, Chief of Domestic Business, the Company

Mar. 2022

Managing Director in charge of Store Operations Control, the Company

May 2022

Director, Managing Executive Officer in charge of Store Operations Control (present post)

Takeshi Kyogoku has been involved in the areas of sales and personnel for many years. He served as the President of an
Reasons for selection

overseas subsidiary and Senior General Manager of Personnel & General Affairs Department and currently executes

as a candidate for

operations as the person responsible for sales for domestic business overall. The Company proposes him as a candidate

Director

for reelection as Director as it deems he will apply his abundant experience and knowledge gained up until now topromote various measures to realize growth strategies and further contribute to improving corporate value.

Conflicts of interest

No conflict of interest exists between the Company and Takeshi Kyogoku.

5

4. Yoshihiro Tamura

Reelection

Date of birth

May 5, 1968

Career summary,Dec. 1993

Joined Jusco Co., Ltd. (currently known as AEON CO., LTD.)

Mar. 2008

Chief Manager of Keihin (Prize) Group, Merchandising Department, the Company

Company, andMar. 2009

Chief Manager of Prize Group, Merchandising Department, the Company

significant

Feb. 2011

Senior General Manager of West Japan Business Department, the Company

concurrent positions

Apr. 2012

Senior General Manager of West Japan Store Operations Department, the Company

May 2012

Director, the Company (present post)

position and areas of
responsibility in theoutside the Company

Dec. 2013

Number of the Company’s shares owned: 6,700 shares

Senior General Manager of West Japan Store Operations Department and Senior General Manager of New
Business Development Department, the Company

May 2014

In charge of Store Operations Control and Senior General Manager of New Business Development
Department, the Company

Sep. 2014

In charge of Store Operations Control, the Company

May 2015

Senior General Manager of West Japan Store Operations Department, the Company

Sep. 2015

Senior General Manager of Sales Planning Department, the Company

May 2016

In charge of Store Operations Control, the Company

May 2017

Senior General Manager of Business Development Department, the Company

Mar. 2020

Senior General Manager of Global Development Department, the Company

Mar. 2021

Senior General Manager of Business Development Department, the Company

Mar. 2022

In charge of Merchandising Development Control and Senior General Manager of Business Development
Department, the Company

May 2022

Executive Officer in charge of Merchandising Development Control and Senior General Manager ofBusiness Development Department, the Company (present post)

Yoshihiro Tamura has been involved in areas such as merchandising and store operations for many years. Currently, as
Reasons for selection

the person responsible for overall merchandising and development, he has been promoting efforts to realize growth

as a candidate forstrategies. The Company proposes him as a candidate for reelection as Director as it deems he will apply his abundant

Director

experience and knowledge gained up until now to realize strategies for business growth and further contribute toimproving corporate value.

Conflicts of interest

No conflict of interest exists between the Company and Yoshihiro Tamura.

6

5. Wataru Koiwa

Reelection

Date of birthMar. 7, 1977

Career summary,Mar. 2003

Joined the Company

Feb. 2012

General Manager of Store Format Development Group, the Company

Company, andMay 2013

Acting Senior General Manager of Global Business Development Department, the Company

significant

Aug. 2014

Acting Senior General Manager of New Business Development Department, the Company

concurrent positions

Mar. 2016

Chief of ASEAN Business and Senior General Manager of Indoor Playground Business, the Company

Apr. 2016

Director, AEON Fantasy (Thailand) Co., Ltd. (present post)

Apr. 2016

Director, PT. AEON FANTASY INDONESIA (present post)

Apr. 2016

Director, AEON FANTASY GROUP PHILIPPINES, INC. (present post)

Jun. 2016

Director and Chairman, AEON FANTASY (MALAYSIA) SDN. BHD. (present post)

May 2017

Director, the Company (present post)

Mar. 2019

Senior General Manager of Overseas Business Department and Senior General Manager of Indoor

position and areas of
responsibility in theoutside the Company

Number of the Company’s shares owned: 1,300 shares

Playground Business, the Company
Mar. 2020

Chief of ASEAN Business, the Company

Mar. 2022

Chief of ASEAN Business and Senior General Manager of Edutainment Business Development
Department, the Company

May 2022

Executive Officer in charge of Overseas Business Control and Senior General Manager of Edutainment
Business Development Department, the Company (present post)(Significant concurrent positions)
Director and Chairman, AEON FANTASY (MALAYSIA) SDN. BHD.
Director, AEON Fantasy (Thailand) Co., Ltd.
Director, PT. AEON FANTASY INDONESIA
Director, AEON FANTASY GROUP PHILIPPINES, INC.

Wataru Koiwa has been involved in the area of business development for many years, and currently as the person
Reasons for selection

responsible for the Overseas Business and the Edutainment Business, he has been promoting efforts to realize growth

as a candidate forstrategies. The Company proposes him as a candidate for reelection as Director as it deems he will apply his abundant

Director

experience and knowledge gained up until now to realize the growth strategies for the Overseas Business, promote the
Edutainment Business, and further contribute to improving corporate value.

Conflicts of interest

No conflict of interest exists between the Company and Wataru Koiwa.

76. Nobuyuki Fujiwara

Reelection

Date of birthAug. 20, 1968

Career summary,May 2004

Joined the Company

Jan. 2012

Director and Senior General Manager, AEON Fantasy (Beijing) Co., Ltd. (currently known as AEON

position and areas of
responsibility in the

Number of the Company’s shares owned: 4,900 shares

Fantasy (China) Co., Ltd.)

Company, andsignificant

Jan. 2013

President and Senior General Manager, AEON Fantasy (Beijing) Co., Ltd.

concurrent positions

Jan. 2014

President, AEON Fantasy (China) Co., Ltd.

Sep. 2015

Chief of China Business, the Company

May 2017

Director, the Company

May 2018

President and Representative Director, the Company

Mar. 2021

Chief of Service & Specialty Stores Businesses, AEON CO., LTD.

May 2021

Chairman and Representative Director, the Company

May 2021

Director, Mega Sports Co., LTD. (present post)

May 2021

Director, G-FOOT CO, LTD.

May 2021

Director, COX CO., LTD. (present post)

May 2022

Director, the Company (present post)

May 2022

Director and Chairman, Aeon Entertainment Co., Ltd.

Mar. 2023

Officer of Service Business, AEON CO., LTD. (present post)outside the Company

Mar. 2023

Representative Director and President, Aeon Entertainment Co., Ltd. (present post)(Significant concurrent positions)
Officer of Service Business, AEON CO., LTD.
Director, Mega Sports Co., LTD.
Director, COX CO., LTD.
Representative Director and President, Aeon Entertainment Co., Ltd.

Nobuyuki Fujiwara has been involved in the area of overseas business for many years, and has promoted efforts to realize
Reasons for selection
as a candidate for
Director
Conflicts of interest

growth strategies. The Company proposes him as a candidate for reelection as Director as it deems he will apply hisabundant experience and knowledge gained up until now to realize the growth strategies, and further contribute toimproving corporate value.
No conflict of interest exists between the Company and Nobuyuki Fujiwara.

8

7. Kazuko Ohya

Reelection

Candidate for
Outside Director

Candidate for
Independent Officer

Number of years served as
Outside Director:

Date of birthSep. 5, 1950

Career summary,

Apr. 1973

Joined Shiseido Company, Limited

Jun. 2001

Corporate Officer, Shiseido Company, Limited

Jun. 2007

Full-time Audit & Supervisory Board Member, Shiseido Company, Limited

significant

Jun. 2010

Outside Auditor, Tokyo Electric Power Company, Incorporated

concurrent positions

May 2011

Chairman, Shiseido Social Welfare Foundation

Jun. 2011

Advisor, Shiseido Company, Limited

Dec. 2011

External Statutory Auditor, MTI Ltd.

May 2013

Outside Director, the Company (present post)

Jul. 2013

Outside Director, Asahi Mutual Life Insurance Company (present post)

Jun. 2015

Outside Corporate Auditor, MIRAIT Corporation

Oct. 2015

General Auditor, Japan Aerospace Exploration Agency

position and areas of
responsibility in the
Company, andoutside the Company

10 years

Number of the Company’s shares owned: – shares(Significant concurrent positions)
Outside Director, Asahi Mutual Life Insurance Company
Kazuko Ohya has been applying her abundant experience in global company management, which includes serving as a
Reasons for selection

senior manager and audit & supervisory board member in a company that operates business in countries around the world,

as a candidate forand her extensive knowledge to proactively offer her opinions and advice on important matters related to the management

Outside Director andof the Company in deliberations by the Board of Directors. Accordingly, the Company proposes her as a candidate for

expected roles

reelection as Outside Director as it deems it would be most appropriate to continue receiving her supervision relating to
the management of the Company.

Conflicts of interest

No conflict of interest exists between the Company and Kazuko Ohya.

98. Mami Yamashita

Reelection

Candidate for
Outside Director

Candidate for
Independent Officer

Number of years served as
Outside Director:

Date of birth

May 23, 1978

Career summary,

Apr. 2001

Joined NEC Corporation

Aug. 2006

In charge of Credit Sales, Credit Sales Division, JPMorgan Securities Japan Co., Ltd.

Nov. 2007

Group Manager, Business Promotion Department, The Risk Data Bank of Japan, Limited

significant

Dec. 2013

Representative Director and President, Kokoruku, Inc. (present post)

concurrent positions

Feb. 2017

Board Member, General Incorporated Association Learning Journey

Jun. 2018

Outside Director, HONDA TSUSHIN KOGYO CO., LTD.

May 2022

Outside Director, the Company (present post)

position and areas of
responsibility in the
Company, andoutside the Company

1 yearNumber of the Company’s shares owned: – shares(Significant concurrent positions)Representative Director and President, Kokoruku, Inc.
Mami Yamashita has been active as a senior manager for many years, and possesses an extremely abundant amount of
Reasons for selection

experience and knowledge related to starting a business and management. The Company proposes her as a candidate for

as a candidate forreelection as Outside Director as it deems she will provide a high level of guidance and advice regarding overseas

Outside Director anddevelopment and new businesses, which are indispensable for the future growth of the Company as she has a high level of

expected roles

understanding concerning international business and an advanced ability to analyze information in Japan and overseas
because of her experience studying abroad and working at an American investment bank.

Conflicts of interest

No conflict of interest exists between the Company and Mami Yamashita

109. Chisaki Kusajima

New election

Candidate for
Outside Director

Candidate for
Independent Officer

Date of birth

Apr. 8, 1965

Career summary,

Apr. 1983

Joined SEGA Enterprises, Ltd. (currently known as SEGA CORPORATION)

Jan. 2011

General Manager of Information System Department, Corporate Headquarters, SEGA CORPORATION

Sep. 2018

Representative Director, Wiz Sophia Co., Ltd. (present post)

Jun. 2019

Outside Director, Syuppin Co., Ltd. (present post)

position and areas of
responsibility in the
Company, andsignificant
concurrent positions
outside the Company

Number of the Company’s shares owned: – shares(Significant concurrent positions)Representative Director, Wiz Sophia Co., Ltd.
Outside Director, Syuppin Co., Ltd.
Chisaki Kusajima has overseen a wide range of IT-related operations for many years, and has played a significant role inReasons for selection

the development of several systems. Subsequently, she founded her own business as an independent IT consultant and has

as a candidate forgained substantial management experience and knowledge. The Company proposes her as a candidate for election as

Outside Director andOutside Director as it deems she will provide a high level of guidance and advice regarding the promotion of DX and

expected roles

business expansion in the online field, which are indispensable for the future growth of the Company as she has a highlevel understanding of the amusement industry.

Conflicts of interest

No conflict of interest exists between the Company and Chisaki Kusajima.

11

(Note 1) The Company has taken out a directors and officers liability insurance policy with an insurance company
with all of the Directors included as the insureds. The policy covers damages arising from liability borne by
the insureds in the course of performance of their duties or claims pertaining to the pursuit of such liability.
The full amount of the insurance premiums is borne by the Company, and the Company plans to renew thepolicy with the same or similar terms at the next renewal. If the election of each candidate in this proposal
is approved and adopted, the Company plans to take out a policy under the same terms with each of them as
an insured.
(Note 2) The Company has notified the Tokyo Stock Exchange of the election of Kazuko Ohya and Mami
Yamashita, as Independent Officers pursuant to Regulations of the Tokyo Stock Exchange. If theirreelections are approved, the Company plans to maintain their positions as Independent Officers.
(Note 3) If the election of Chisaki Kusajima is approved, the Company will notify the Tokyo Stock Exchange of herelection as an Independent Officer pursuant to Regulations of the Tokyo Stock Exchange.
(Note 4) The Company has entered into an agreement with Kazuko Ohya and Mami Yamashita that limits theliability for damages under Article 423, paragraph 1 of the Companies Act, to the extent stipulated by laws
and regulations, provided that candidates have performed their duties in good faith and without grossnegligence. If their reelections are approved, the Company will continue the said agreement with them.
(Note 5) If the election of Chisaki Kusajima is approved, the Company will enter into an agreement with her that
limits the liability for damages under Article 423, paragraph 1 of the Companies Act, to the extent stipulated
by laws and regulations, provided that the candidate has performed her duties in good faith and withoutgross negligence.
(Note 6) Number of years served as Outside Director is the number of years as of the end of this General Meeting of
Shareholders.

12Agenda Item 2: Election of two (2) Audit & Supervisory Board Members
Audit & Supervisory Board Members Yoshihiko Takegaki and Yukiko Hayashi will retire fromoffice at the conclusion of this General Meeting of Shareholders due to their resignation.
Accordingly, the Company proposes to elect two (2) Audit & Supervisory Board Members. As
provided for in the Articles of Incorporation, their terms of office shall be the remaining terms of
the predecessors.
The candidates for Audit & Supervisory Board Member are as follows.
(Procedures in the appointment of candidates for Audit & Supervisory Board Members.)
After deliberation by the Nomination and Remuneration Advisory Committee, of which an
Outside Director is Chairperson, and Outside Directors form a majority of the members, theconsent of the Audit & Supervisory Board is obtained, and the candidates for Audit & Supervisory
Board Members are determined by the Board of Directors and submitted at this meeting.
1. Masanori Kawaguchi

New election

Candidate for Outside
Audit & Supervisory
Board Member

Date of birthOct. 14, 1963

Career summary

Sep. 2002

Joined Aeon Forest Co., Ltd.

Sep. 2002

General Manager of General Planning Office, Aeon Forest Co., Ltd.

Dec. 2007

Representative Director and President, AEONBODY Co., Ltd.

concurrent positions

Mar. 2009

General Manager of General Planning Office and General Manager of CRM, Aeon Forest Co., Ltd.

outside the Company

Apr. 2009

Deputy General Manager of Administration Division, Aeon Forest Co., Ltd.

Apr. 2011

Director and General Manager of Administration Division, Aeon Forest Co., Ltd.

and position in the
Company, andsignificant

May 2013

Number of the Company’s shares owned: – shares

Director and General Manager of Administration Division and Officer of Overseas Business, Laura Ashley
Japan Co., Ltd.

Reasons for selection
as a candidate for
Outside Audit &Supervisory Board

Sep. 2018

Strategy Department, AEON CO., LTD.

May 2021

Director and Officer of Business Management, Reform Studio Co., Ltd. (present post)

Masanori Kawaguchi has been involved in the business management at Aeon Forest Co., Ltd. for many years. He hasserved in various posts in the area of Administration and has contributed to the growth and development of that firm. The
Company proposes him as a candidate for election as Outside Audit & Supervisory Board Member as it expects him toMemberapply his abundant experience and broad insight to provide supervision of overall management and valuable advice.

Conflicts of interest

No conflict of interest exists between the Company and Masanori Kawaguchi.

13

2. Katsuyoshi Noguchi

New election

Date of birth

Apr. 19, 1970

Career summary

Apr. 1991

Joined Jusco Co., Ltd. (currently known as AEON CO., LTD.)May 2010

Manager of Accounting Group, Financial Accounting Department, AEON CO., LTD.

significant

Aug. 2013

Manager of Consolidated Financial Accounting Department, AEON CO., LTD.

concurrent positions

Apr. 2018

Manager of Financial Accounting Department, AEON CO., LTD.

outside the Company

Mar. 2022

General Manager of Financial Accounting Department, AEON CO., LTD. (present post)

Reasons for selection

Katsuyoshi Noguchi has been involved in financial accounting of AEON Group over many years. The Company proposes

and position in the
Company, andas a candidate for
Audit & Supervisory
Board Member
Conflicts of interest(Note)

Number of the Company’s shares owned: – shares

him as a candidate for election as Audit & Supervisory Board Member as it expects him to apply his abundant experienceand broad insight to provide supervision of overall management and valuable advice.
No conflict of interest exists between the Company and Katsuyoshi Noguchi.

The Company has taken out a directors and officers liability insurance policy with an insurance company
with all of the Audit & Supervisory Board Members included as the insureds. The policy covers damages
arising from liability borne by the insureds in the course of performance of their duties or claims pertaining
to the pursuit of such liability. The full amount of the insurance premiums is borne by the Company, and theCompany plans to renew the policy with the same or similar terms at the next renewal. If the election ofeach candidate in this proposal is approved and adopted, the Company plans to take out a policy under thesame terms with each of them as an insured.

14