Notice Regarding the Convening of the 126th Annual General Meeting of Shareholders and the Determination of Proposals for Resolution

Overview of the Annual General Meeting of Shareholders and Proposals for Resolution

Shinnihon Denko Corporation plans to hold its 126th Annual General Meeting of Shareholders on March 27, 2026. The agenda items include matters regarding dividend distribution, reduction of capital reserve, election of seven directors, election of two directors who serve as audit and supervisory committee members, and election of one substitute director for the audit and supervisory committee. The dividend is set at 7 yen per share, including a 1 yen commemorative dividend for the 100th anniversary of the company's founding. The dividend effective date is March 30, 2026. The reduction of capital reserve by 12,000,000,000 yen will be transferred to other capital surplus in accordance with the Companies Act, with an effective date of May 18, 2026.

Election of Directors and Audit & Supervisory Committee Members

Due to the expiration of the current term of six directors, the election of seven directors is planned, including an increase of one outside director. The agenda includes the election of two directors serving as audit and supervisory committee members and one substitute member. All candidates have obtained the consent of the audit and supervisory committee. These measures aim to strengthen the management structure and maintain the auditing system.