[This is an English translation prepared for the convenience of non-resident shareholders. Should there be
any inconsistency between the translation and the official Japanese text, the latter shall prevail.](Translation)
March 30, 2022

NOTICE OF THE RESOLUTIONS APPROVED AT THE
77 ORDINARY GENERAL MEETING OF SHAREHOLDERSthDear Shareholder
We hereby inform you of the reports and proposals approved at the 77th Ordinary General
Meeting of Shareholders.
Sincerely yours,Kenji Kajiwara
President and Representative Director
Senshukai Co., Ltd.
1-6-23 Doshin, Kita-ku, Osaka

DETAILSItems reported:
1.
Business Report, Consolidated Financial Statements for the 77th fiscal year (January 1to December 31, 2021); and Audit Reports of the Accounting Auditors and the Audit& Supervisory Board regarding Consolidated Financial Statements for the 77th fiscalyear
We reported the content of the above-mentioned Business Report, Consolidated
Financial Statements and its Audit Reports.
2.

Non-consolidated Financial Statements for the 77th fiscal year (January 1 toDecember 31, 2021)
We reported the content of the above-mentioned Non-consolidated FinancialStatements.

-1-Items proposed:
Proposal 1

Appropriation of surplus
Proposal 1 was approved and adopted as proposed. It was resolved that thetype of dividend property be cash; the year-end dividend for the fiscal year
under review be 4 yen per share of common stock with the total amount of
187,558,632 yen; and the effective date of dividends of surplus be March 31,2022.
The annual dividend will amount to 7 yen per share, including an interim
dividend of 3 yen per share.

Proposal 2

Partial amendments to the Articles of Incorporation
Proposal 2 was approved and adopted as proposed. It was resolved that theCompany will make the changes necessary to prepare for the introduction ofthe system for providing informational materials for the general meeting ofshareholders in electronic format as the revised provisions provided for in aproviso to Article 1 of the Supplementary Provisions of the Act Partially
Amending the Companies Act (Act No. 70 of 2019) are to be enforced on
September 1, 2022.

Proposal 3

Election of eight (8) Directors
Proposal 3 was approved and adopted as proposed. Messrs. Kenji Kajiwara,
Koichi Ishida, Katsuto Mimura, Tetsuya Takahashi, Futoshi Sano and NaotoTerakawa, Ms. Ikuyo Horiguchi, and Mr. Nobumasa Takasugi were electedas Directors of the Company. All of them assumed their respective offices.
Among those Directors, Mr. Naoto Terakawa, Ms. Ikuyo Horiguchi, and Mr.
Nobumasa Takasugi are Outside Directors.

Proposal 4

Election of two (2) Audit & Supervisory Board Members
Proposal 4 was approved and adopted as proposed. Mr. Mario Shimizu andMs. Hiroko Takiguchi were elected as Audit & Supervisory Board Members
and assumed their respective offices.
Mr. Mario Shimizu and Ms. Hiroko Takiguchi are Outside Audit &Supervisory Board Members.

Proposal 5

Election of one (1) substitute Audit & Supervisory Board Member
Proposal 5 was approved and adopted as proposed. Mr. Ryohei Okao waselected as substitute Audit & Supervisory Board Member.
Mr. Ryohei Okao is a substitute Outside Audit & Supervisory BoardMember.

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