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 25, 2024
(Start date of measures for providing information in electronic format: April 22, 2024)

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 28th Ordinary General Meeting of Shareholders
First, we would like to express our deepest sympathies to all those who have been affected by the2024 Noto Peninsula Earthquake, and we sincerely hope for a quick recovery.
We hereby announce the 28th 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 28th 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 Monday, May 20, 2024, after reviewing the Reference Documents for the
General Meeting of Shareholders under matters subject to measures for providing information inelectronic format.

1

1. Date and Time: Tuesday, May 21, 2024; 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.)

3. Objectives of Meeting
Matters to be reported: 1. Business Report and Consolidated Financial Statements for the
28th fiscal year (from March 1, 2023 to February 29, 2024) and
Reports of Audit on the Consolidated Financial Statements by
Financial Auditor and Audit & Supervisory Board
2. Nonconsolidated Financial Statements for the 28th fiscal year
(from March 1, 2023 to February 29, 2024)
Matters to be resolved:
Agenda Item 1:
Agenda Item 2:

Election of eight (8) Directors
Election of four (4) 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 eight (8) Directors
The terms of office of all nine (9) Directors will expire at the conclusion of this General Meetingof Shareholders. Accordingly, the Company proposes to elect eight (8) 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. Nobuyuki Fujiwara

Reelection

Career summary, position and areas of responsibility in the Company, and significant concurrent positions outside the Company

May 2004

Joined the Company

Jan. 2012

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

Jan. 2013

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

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

Company’s sharesMar. 2021

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

owned:

May 2021

Chairman and Representative Director, the Company

4,900 shares

May 2021

Director, Mega Sports Co., LTD.

May 2021

Director, G-FOOT CO, LTD.

May 2021

Director, COX CO., LTD.

May 2022

Director, the Company

May 2022

Director and Chairman, Aeon Entertainment Co., Ltd.

Mar. 2023

Chief of Service Business, AEON CO., LTD. (present post)

Mar. 2023

Representative Director and President, Aeon Entertainment Co., Ltd. (present post)

May 2023

Chairman and Director, the Company (present post)

May 2023

Director, AEON Eaheart CO., LTD. (present post)

Date of birthAug. 20, 1968

Number of the(Significant concurrent positions)Chief of Service Business, AEON CO., LTD.
Representative Director and President, Aeon Entertainment Co., Ltd.
Director, AEON Eaheart 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.

3

2. Tokuya Fujiwara

Reelection

Career summary, position and areas of responsibility in the Company, and significant concurrent positions outside the Company

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

Dec. 2010

Acting Senior General Manager of Merchandising Department, the Company

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

Number of theMar. 2017

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

Company’s shares

May 2017

Managing Director, the Company

Mar. 2020

Chief of Domestic Business and Senior General Manager of Amusement Business Department, theDate of birthJun. 5, 1970

owned:
6,800 sharesCompany
Mar. 2021

Chief of Domestic Business, the Company

May 2021

President and Representative Director, the Company (present post)

May 2023

Director, Aeon Entertainment Co., Ltd. (present post)(Significant concurrent positions)
Director, Aeon Entertainment Co., Ltd.
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

Conflicts of interest

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

4

3. Yoshinori Iseki

Reelection

Career summary, position and areas of responsibility in the Company, and significant concurrent positions outside the Company

Apr. 1990

Joined The Daiei, Inc.

Apr. 1995

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

Sep. 2006

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

Sep. 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

Company’s sharesSep. 2017

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

owned:

Mar. 2018

Senior General Manager of Financial Affairs Department, the Company

400 shares

May 2019

Director, the Company

May 2021

Managing Director in charge of Management Control, Senior General Manager of Financial Affairs

Date of birthJul. 8, 1967

Number of the

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.

5

4. Yoshihiro Tamura

Reelection

Career summary, position and areas of responsibility in the Company, and significant concurrent positions outside the Company

Date of birth
May 5, 1968

Dec. 1993

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

Mar. 2008

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

Mar. 2009

Chief Manager of Prize Group, Merchandising Department, the Company

Feb. 2011

Senior General Manager of West Japan Business Department, the Company

Apr. 2012

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

May 2012

Director, the Company (present post)

Dec. 2013

Senior General Manager of West Japan Store Operations Department and Senior General Manager of New

May 2014

In charge of Store Operations Control and Senior General Manager of New Business Development

Business Development Department, the Company

Number of theCompany’s shares

Department, the Company

owned:
6,700 sharesSep. 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

Mar. 2024

Executive Officer and Chief of Domestic Business, 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 overall for development and the domestic 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 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

Career summary, position and areas of responsibility in the Company, and significant concurrent positions outside the Company

Mar. 2003

Joined the Company

Feb. 2012

General Manager of Store Format Development Group, the Company

May 2013

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

Aug. 2014

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

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)

Number of theApr. 2016

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

Company’s shares

Jun. 2016

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

owned:

May 2017

Director, the Company (present post)

1,300 sharesMar. 2019

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

Date of birthMar. 7, 1977

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

Mar. 2024

Executive Officer, Chief of Overseas Business and Senior General Manager of Playground 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. Mami Yamashita

Reelection

Candidate for
Outside Director

Candidate for
Independent Officer

Number of years served as
Outside Director:
2 years

Career summary, position and areas of responsibility in the Company, and significant concurrent positions outside the Company

Date of birth
May 23, 1978

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

Dec. 2013

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

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)

Number of the(Significant concurrent positions)Company’s shares

Representative Director and President, Kokoruku, Inc.

owned:-shares

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

development and new businesses, which are indispensable for the future growth of the Company as she has a high level ofand 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.

87. Chisaki Kusajima

Reelection

Candidate for
Outside Director

Candidate for
Independent Officer

Number of years served as
Outside Director:
1 year

Career summary, position and areas of responsibility in the Company, and significant concurrent positions outside the Company

Date of birth
Apr. 8, 1965

Apr. 1988

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)

May 2023

Outside Director, the Company (present post)(Significant concurrent positions)Representative Director, Wiz Sophia Co., Ltd.

Number of theOutside Director, Syuppin Co., Ltd.

Company’s shares
owned:-shares

Chisaki Kusajima has overseen a wide range of IT-related operations for many years, and has played a significant role inthe development of several systems. Subsequently, she founded her own business as an independent IT consultant and has
Reasons for selection
as a candidate for
Outside Director andexpected roles

gained substantial management experience and knowledge. The Company proposes her as a candidate for reelection as
Outside Director as it deems she will provide a high level of guidance and advice regarding the promotion of DX andbusiness 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.

98. Masahiko Saito

New election

Candidate for
Outside Director

Candidate for
Independent Officer

Career summary, position and areas of responsibility in the Company, and significant concurrent positions outside the Company

Date of birth
Apr. 1, 1962

Number of theCompany’s shares
owned:

Apr. 1984

Joined Fuji Xerox Co., Ltd. (currently known as FUJIFILM Business Innovation Corp.)

Apr. 2004

General Manager of Marketing Department, Overseas Sales Division, Fuji Xerox Co., Ltd.

Apr. 2008

President, Fuji Xerox Asia Pacific Pte. Ltd. (Malaysia Operations)Apr. 2008

President, Fuji Xerox Malaysia Sdn.Bhd.

Oct. 2012

General Manager of Sales Promotion Department, Global Services Business Division, Fuji Xerox Malaysia
Sdn.Bhd.

Apr. 2017

General Manager of Business Management Promotion Department, a group company of Fuji Xerox
Malaysia Sdn.Bhd.

Jul. 2019

General Manager of New Growth Business Creation Department, Fuji Xerox Malaysia Sdn.Bhd.

May 2022

Senior Advisor of Office of the Audit & Supervisory Board, FUJIFILM Holdings Corporation (present
post)-shares

Masahiko Saito possesses abundant experience and knowledge in marketing and overseas business, having previously
been posted to the US and subsequently to Asia, China, and Oceania as Regional Head of Product Marketing, before
Reasons for selection
as a candidate for
Outside Director
and expected roles

serving as president of a local sales company in Malaysia. He has also worked to strengthen business management andgovernance in foreign and domestic subsidiaries, and has supported the improvement of management issues at eachcompany. The Company believes that Masahiko Saito will be able to provide a high level of guidance and advice on
overseas expansion, business diversification, and corporate governance, which will be essential to the Company’s future
growth.

Conflicts of interest

No conflict of interest exists between the Company and Masahiko Saito.

(Note 1) The Company’s parent company AEON CO., LTD. has taken out a directors and officers liability insurance
policy with an insurance company with all of the officers of the group companies included as the insureds
as provided for in Article 430-3, paragraph 1 of the Companies Act, and the Company pays its share of partof the insurance premiums as one of those companies. The policy is expected to continue and be renewed
going forward. If each candidate is elected and assumes office as Director, each of them will be an insured
under the policy.
The policy covers losses, such as damages and litigation expenses incurred by the insureds for liability fordamages of Directors and Audit & Supervisory Board Members toward third parties or the Company, butdoes not cover them if caused by intent or gross negligence.
(Note 2) The Company has notified the Tokyo Stock Exchange of the elections of Mami Yamashita and Chisaki
Kusajima, 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 Masahiko Saito is approved, the Company will notify the Tokyo Stock Exchange of hiselection as an Independent Officer pursuant to Regulations of the Tokyo Stock Exchange.
(Note 4) The Company has entered into an agreement with Mami Yamashita and Chisaki Kusajima 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 Masahiko Saito is approved, the Company will enter into an agreement with him 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 his 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.

10Agenda Item 2: Election of four (4) Audit & Supervisory Board Members
The terms of office of all four (4) Audit & Supervisory Board Members will expire at theconclusion of this General Meeting of Shareholders. Accordingly, the Company proposes to electfour (4) Audit & Supervisory Board Members.
The candidates for Audit & Supervisory Board Members 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

Reelection

Candidate for Outside Audit &Supervisory Board Member

Number of years served as Outside Audit &Supervisory Board Member:
1 year

Career summary and position in the Company, and significant concurrent positions outside the Company

Date of birthOct. 14, 1963

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.

Mar. 2009

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

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.

May 2013

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

Number of theCompany’s sharesSep. 2018

Strategy Department, AEON CO., LTD.

owned:

May 2021

Director and Officer of Business Management, Reform Studio Co., Ltd.

-shares

May 2023

Standing Audit & Supervisory Board Member, the Company (present post)

May 2023

Outside Audit & Supervisory Board Member, AEON ENTERTAINMENT CO., LTD. (present post)

May 2023

General Auditor, AEON Fantasy (China) Co., Ltd. (present post)(Significant concurrent positions)
Outside Audit & Supervisory Board Member, AEON ENTERTAINMENT CO., LTD.
General Auditor, AEON Fantasy (China) Co., Ltd.
Reasons for selection
as a candidate for
Outside Audit &Supervisory Board

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.

11

2. Shigeji Sugimoto

Reelection

Candidate for Outside
Audit & Supervisory
Board Member

Candidate for
Independent
OfficerNumber of years served as
Outside Audit & Supervisory
8 years
Board Member:

Career summary and position in the Company, and significant concurrent positions outside the Company

Date of birthJul. 1, 1951

Apr. 1974

Joined Tohmatsu Awoki & Co. (currently known as Deloitte Touche Tohmatsu LLC)

Apr. 1978

Registered as a certified public accountant

Jul. 1989

Partner, Tohmatsu Awoki & Sanwa

Dec. 2015

Resigned from Deloitte Touche Tohmatsu LLC

Jan. 2016

Established Shigeji Sugimoto Certified Public Accountant Office

May 2016

Audit & Supervisory Board Member, the Company (present post)

Jun. 2016

Outside Audit & Supervisory Board Member, NIPPON STEEL & SUMIKIN BUSSAN CORPORATION(currently known as NIPPON STEEL TRADING CORPORATION) (present post)

Number of theCompany’s shares

Jun. 2016

Outside Audit & Supervisory Board Member, AEON Bank, Ltd. (present post)

owned:

Jun. 2020

Outside Audit & Supervisory Board Member, OSAKA STEEL CO., LTD. (present post)-shares(Significant concurrent positions)
Outside Audit & Supervisory Board Member, NIPPON STEEL TRADING CORPORATION
Outside Audit & Supervisory Board Member, AEON Bank, Ltd.
Outside Audit & Supervisory Board Member, OSAKA STEEL CO., LTD.
Shigeji Sugimoto has been involved in accounting audit work over many years as a certified public accountant at an audit

Reasons for selection
as a candidate for
Outside Audit &Supervisory Board
Membercorporation. The Company proposes him as a candidate for election as Outside Audit & Supervisory Board Member as it
expects him to apply his abundant experience in accounting audits and broad insight to provide supervision of overallmanagement and valuable advice. Although he has never been involved in corporate management, the Company has
judged that he can perform his duties as Outside Audit & Supervisory Board Member appropriately for theabovementioned reasons.

Conflicts of interest

No conflict of interest exists between the Company and Shigeji Sugimoto.

12

3. Shion Okamoto

Reelection

Candidate for Outside
Audit & Supervisory
Board Member

Candidate for
Independent
OfficerNumber of years served as
Outside Audit & Supervisory
Board Member:
2 years

Career summary and position in the Company, and significant concurrent positions outside the Company

Date of birthAug. 14, 1984

Sep. 2008

Joined Mori Hamada & MatsumotoSep. 2013

Worked in both London and Tokyo Offices of Herbert Smith Freehills

Apr. 2015

Seconded to Legal Dept., Mitsubishi Corporation

Aug. 2016

Joined Yahoo Japan Corporation (currently known as LY Corporation)

Aug. 2016

Seconded to YJ Capital Inc. (currently known as Z Venture Capital Corporation)

Aug. 2021

CFO and General Counsel, YJ Capital Inc. (currently known as Z Venture Capital Corporation)

Apr. 2022

Seconded to Z Holdings Corporation (currently known as LY Corporation)

Number of the

May 2022

Audit & Supervisory Board Member, the Company (present post)

Company’s sharesSep. 2022

Outside Audit & Supervisory Board Member of WAKUWAKU Inc.

owned:

Jan. 2023

External Director, Otsumo Co., Ltd. (present post)-sharesJan. 2024

Representative Director, neo Syukatsu Co., Ltd. (present post)(Significant concurrent positions)
External Director, Otsumo Co., Ltd.
Representative Director, neo Syukatsu Co., Ltd.
Reasons for selection

Shion Okamoto is an attorney at law in Japan and the U.S., and has engaged in projects in Japan and overseas, primarily

as a candidate for

M&A, corporate restructuring and corporate legal affairs. In addition, she has experience and knowledge related to new

Outside Audit &business. The Company proposes her as a candidate for election as Outside Audit & Supervisory Board Member as it

Supervisory Board

expects her to apply her abundant experience and wide-ranging knowledge to provide supervision of overall management

Memberand valuable advice.

Conflicts of interest

No conflict of interest exists between the Company and Shion Okamoto.

13

4. Katsuyoshi Noguchi

Reelection

Career summary and position in the Company, and significant concurrent positions outside the Company

Date of birth
Apr. 19, 1970

Apr. 1991

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

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

Aug. 2013

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

Apr. 2018

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

Mar. 2022

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

May 2023

Audit & Supervisory Board Member, the Company (present post)

Number of theCompany’s shares
owned:-shares

Reasons for selection
as a candidate for
Audit & Supervisory
Board Member
Conflicts of interest

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

(Note 1) The Company’s parent company AEON CO., LTD. has taken out a directors and officers liability insurance
policy with an insurance company with all of the officers of the group companies included as the insureds
as provided for in Article 430-3, paragraph 1 of the Companies Act, and the Company pays its share of partof the insurance premiums as one of those companies. The policy is expected to continue and be renewed
going forward. If each candidate is elected and assumes office as Audit & Supervisory Board Member, eachof them will be an insured under the policy.
The policy covers losses, such as damages and litigation expenses incurred by the insureds for liability fordamages of Directors and Audit & Supervisory Board Members toward third parties or the Company, butdoes not cover them if caused by intent or gross negligence.
(Note 2) The Company has notified the Tokyo Stock Exchange of the elections of Shigeji Sugimoto and Shion
Okamoto as Independent Officers pursuant to Regulations of the Tokyo Stock Exchange. If their reelections
are approved, the Company plans to maintain their positions as Independent Officers.
(Note 3) The Company has entered into an agreement with Shigeji Sugimoto and Shion Okamoto 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 4) The name of Shion Okamoto in the family register is Shion Miyauchi.
(Note 5) Number of years served as Outside Audit & Supervisory Board Member is the number of years as of theend of this General Meeting of Shareholders.
(Note 6) The information in “Career summary and position in the Company, and significant concurrent positions
outside the Company” above includes the respective candidate’s positions and responsibilities at theCompany’s parent company AEON CO., LTD., or at AEON CO., LTD.’s subsidiaries held concurrently atpresent or during the past ten years while serving as a business executive at the Company.

14

(Reference) Skill matrix
Name

OutsideIndepen- Corporate Legal/ risk Personnel/
dent management management
labor

Experience/ knowledge
FinanceIT/ digital

Sales/
marketingGlobalexperience

Nobuyuki●●
Fujiwara
Tokuya●●Fujiwara
Yoshinori
●
●
●
●
Iseki
Yoshihiro●
TamuraDirector
Wataru
●
●
Koiwa
Mami
〇
〇
●
●
●
Yamashita
Chisaki〇〇●●
Kusajima
Masahiko
〇
〇
●
●
●
Saito
Masanori〇●●●
Kawaguchi
Audit & Shigeji〇〇●●
Super- Sugimoto
visoryBoard Shion〇〇●●
Member Okamoto
Katsuyoshi●
Noguchi(Note)
The above table does not show all of the experience and knowledge held by officers, but presents the main areas.

15

Newbusiness

●

●

●

●

●
●

●
●

●

●
●

●