Elematec : Notice of Convocation of the 77th Ordinary General Meeting of Shareholders

The following is an unofficial translation of the Japanese-language original version, and is provided for your convenience only, without any warranty as to its accuracy or as to the completeness of the information. The Japanese original version of the notice is the sole official version. If there are any discrepancies between the Japanese original version and the English translation, the Japanese original version prevails and the company disclaims all responsibility for and results of the discrepancies.

Dear shareholders

We have formulated our Mid-term Corporate Strategy "elematec Pro+(Plus)."

We would like to express our sincere gratitude to our shareholders for their continued support.

For the current consolidated fiscal year (FY2023), as a result of our focus on the automobile- and game console-related businesses, etc., both sales and profits increased year on year, and profits at each stage reached record highs for the second consecutive year.

In the electronics industry surrounding the Group, the market size is expected to continue to expand over the medium to long term due to rapid technological innovation, and business opportunities for the Group are increasing.

Under these circumstances, the Group has launched its Medium-term Corporate Strategy, "elematec Pro+," in fiscal year 2024. In the electronics industry, which is expected to continue to grow in the future, the Group aims to be a company that flexibly responds to changes and provide added value to all stakeholders. By steadily implementing each of the measures in elematec Pro+, we plan to achieve an ordinary income CAGR (compound annual growth rate) of 10% or more over the three years to FY2026, which is our target, and to achieve sustainable growth beyond. (Please refer to pages 28 and 29 for details of the elematec Pro+ Medium- term Corporate Strategy for FY2024 to FY2026.)

We sincerely ask our shareholders for their continued understanding and support.

Akira Yokode,

Chief Executive Officer and Chairman of the Board

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Management Mission

Philosophy

Management

policies

Action

Guidelines

To provide new values by expanding our good relationships.

• To provide a multitude of quality products and services globally.
• To constantly strive for self-improvement and to seek sustained growth for betterment of social credibility
• Strive to maximize corporate value while emphasizing corporate governance with due consideration to the environment and safety
• Contributing to the creating a sustainable society under the Basic Policy on Sustainability
• Respect customer's needs and be trusted as a manufacturing partner
• Actively exchange views and take on challenges with enthusiasm, speed and teamwork.
• Each employee shall strive for self-improvement and place emphasis on equal opportunities and fair evaluation.
• Pursue happiness and well-being of employees and growth as a group.

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(Securities Code: 2715) (Date of sending) June 12, 2023 (Commencement date of Electronic Provision Measures) June 6, 2023

To Our Shareholders:

Akira Yokode,

Chief Executive Officer and Chairman of the Board

Elematec Corporation

3-5-27 Mita, Minato-ku, Tokyo

Notice of Convocation of the 77th Ordinary General Meeting of

Shareholders

First, we would like to express our sincere gratitude for your continued support.

You are cordially invited to attend the 77th Ordinary General Meeting of Shareholders of the Company.

In convening this General Meeting of Shareholders, we have taken measures to electronically provide information on the Reference Documents, etc. for the General Meeting of Shareholders (Matters Concerning Electronic Provision Measures), which are posted on each website on the Internet, so please access one of the following websites to confirm the information.

[Our website] http://www.elematec.com/ir/meetingdocument.html

[General Meeting of Shareholders Materials Website] https://d.sokai.jp/2715/teiji/

[Tokyo Stock Exchange Website (Listed Company Search)] https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show

(Please access the above website, enter or search the company name "elematec" or the securities code "2715," select "Basic information" and then "Documents for public inspection/PR information." See "Notice of Convocation of General Meeting of Shareholders/Materials for General Meeting of Shareholders" in the "Documents for Public Inspection" for your confirmation

If you are unable to attend the meeting in person, you may exercise your voting rights in writing or via the Internet, etc. Please review the Reference Documents for the General Meeting of Shareholders that appear later and exercise your voting rights by any of the methods described on pages 3 to 5 of this Notice by 5:30 p.m. (at the close of our business hours) on Tuesday, June 27, 2023 (Japan time).

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		Details of the General Meeting of Shareholders
1.	Date and Time:	Wednesday, June 28, 2023
at 10:00 a.m.
2.	Venue:	26F (Pearl 26), Main Tower, Shinagawa Prince Hotel
		10-30 Takanawa 4-chome,Minato-ku, Tokyo

(Please note that the floor number and name of the venue differ, although the hotel is the same as last year.)

3. Agenda:

Matters to be reported: 1. Business Report and Consolidated Financial Statements for the 77th Fiscal Year (from April 1, 2022 to March 31, 2023), results of audits of the Consolidated Financial Statements by the Accounting Auditor and the Audit & Supervisory Board

2. Non-consolidated Financial Statements for the 77th Fiscal Year (from April 1, 2022 to March 31, 2023)

Proposals to be resolved:

Agenda Item

Election of Nine Directors

• If you are attending the Meeting in person, please submit the Voting Form to the receptionist at the venue.
• If any revisions are made to the Matters Concerning Electronic Provision Measures, a notice to that effect will be posted on the websites listed on the previous page along with the contents of the revision.
• For shareholders who have not made a Request for Delivery of Documents, the following items of the Reference Documents for the General Meeting of Shareholders and the Business Report will be sent together.
• 1. Major Business Activities
  2. Business Conditions during the Fiscal Year under Review
  3. Status of Assets and Profits and Losses in the Three Most Recent Fiscal Years
  4. Issues to Be Addressed
• Shareholders who have made a Request for Delivery of Documents will also receive a document stating the Matters Concerning Electronic Provision Measures, but such document will exclude the following items pursuant to the applicable laws and regulations and Article 17 of the Articles of Incorporation. Accordingly, such document forms part of the documents audited by the Audit & Supervisory Board Members or Accounting Auditor for their preparation of the Audit Report.
• 1. System for Ensuring Proper Business Operation and Operating Status of Such System
  2. Basic Policy for Control of the Company
  3. Notes to Consolidated Financial Statements
  4. Individual Notes to the Financial Statements

• Considering the risk of novel coronavirus (COVID-19) infection, we had stopped distributing coffee shop tickets to shareholders who attended the General Meeting of Shareholders until last year, but will resume the distribution this year.

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Guidance for Exercising Voting Rights
Exercising voting rights by		Exercising voting rights in	Exercising voting rights
attending the General
	writing (by post)	via the Internet, etc.
Meeting of Shareholders

Please submit the enclosed Voting Form to the receptionist at the venue.

Date &	Wednesday, June 28,
2023
Time
at 10:00 a.m.
	10-30 Takanawa 4-
	chome, Minato-ku,
Venue	Tokyo
26F (Pearl 26), Main
	Tower, Shinagawa
	Prince Hotel

Please indicate your vote for or against the proposal on the Voting Form enclosed and return the form to the Company. If no indication of approval or disapproval is made for each proposal item on the Voting Form, it will be treated as "approval."

To arrive by 5:30 p.m.

Exercise on Tuesday, June 27, Deadline2023

Enter your vote for or against the proposal in accordance with the guide on pages 6 to 7.

Exercise	Make entry by 5:30 p.m.
on Tuesday, June 27,
Deadline
2023

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