On December 22, 2022, Chuo Seisakusho, Ltd. stated in its press release that it had decided not to respond to the shareholder's request to convene an Extraordinary General Meeting. The company further stated, (i) Regarding the dismissal of Mr. Kuniyuki Goto, the company stated that the authority to dismiss and appoint lies with the Board of Directors and is not a matter for resolution at the General Meeting, (ii) Shareholder proposals on 1:3 Stock Split, Cancellation of Treasury Stock, 20% reduction in employee strength are not to be resolved at the General Meeting of Shareholders as stated under the Companies Act and Articles of Incorporation, (iii) Regarding the proposal on dividend of 10 Yen, the company stated that since the decision on stock split lies with the Board of Directors, dividends can not be paid unless the Board of Directors resolves to split the stock. Given these reasons, the company has decided not to proceed with an Extraordinary General Meeting.