On February 22, 2024, Digital Holdings, Inc., announced in its press release that it had received shareholder proposals from LIM Japan Event Master Fund for the 30th Ordinary General Meeting of Shareholders. The proposals are as follows, (i) Acquisition of Treasury Stock, (ii) Partial Amendment to the Articles of Incorporation (Individual disclosure of remuneration for directors). The company has decided to oppose these proposals for the following reasons, (i) Acquisition of treasury stock does not take into account the need for business investments, growth investments and may result in financial constraints and will not lead an increase in medium to long term corporate value, (ii) The company stated that director compensation is an important matter of corporate governance and it will continue to work towards appropriate determination and disclosure of such compensation.

However, it does not believe that it is necessary to include a provision on individual disclosure of compensation in the Articles of Incorporation, which is a fundamental corporate code.