On June 29, 2023 Bando Chemical Industries announces the voting results of the 100th Ordinary General Meeting of Shareholders, accordingly the shareholder proposals submitted by Nippon Active Value Fund regarding 1: Approval of remuneration amount related to restricted stock compensation plan, 2: Acquisition of treasury stock: within one year, the Company shall acquire common shares of the Company up to a total of 4,415,823 shares and a total acquisition price of 4,636,614,150 yen by delivering cash and 3: Amendments to the Articles of Incorporation, Outside directors should make up a majority of the company?s directors, were not approved by the shareholder of the Company.