【Citizen Watch】Opposition to Shareholder Proposals｜May 26, 2026

Content of Shareholder Proposals and the Board of Directors' Opinions

The Board of Directors of Citizen Watch has indicated opposition to all shareholder proposals submitted by shareholders. The proposals include partial amendments to the Articles of Incorporation, extension of director terms, online shareholder meetings, director dismissal, and others. The Board explained their reasons for opposition for each proposal.

Proposal Reasons and Company Status

Proposers request detailed disclosure of director compensation, review of director term lengths, and the online format of shareholder meetings. However, the Board opposes these proposals citing current governance frameworks and legal compliance. In particular, they support maintaining the current director term lengths and proposal requirements for shareholder proposals to ensure stable management and governance.