ENEOS : Announcement regarding a partial amendment of the Article of Incorporation（140KB）

[Translation]

May 14, 2024

To whom it may concern:

Company name: ENEOS Holdings, Inc.

Representative: Miyata Tomohide Representative Director, CEO

Code number: 5020;

TSE Prime Market/

NSE Premier Market

Contact person: Eguchi Sayuri Group Manager, Investor Relations Group Investor Relations Department

(Telephone Number: [phone])

Announcement regarding a partial amendment of the Article of Incorporation

ENEOS Holdings, Inc. ("Company") hereby announces that, at the Board of Directors meeting held today, its Board of Directors resolved to propose a partial amendment of the Company's Articles of Incorporation at the 14th Ordinary General Meeting of Shareholders scheduled to be held on June 26, 2024.

1. Reason for the amendments

The functions of the Directors of the Company consist primarily of deciding the basic direction of management and overseeing business execution, while the function of executive officers is to flexibly execute business, and by separating these two functions the Company has sought to ensure the soundness and efficiency of management.

Given that this structure is now well established, the Company proposes to revise provisions relating to directors with special titles, and as a consequence of this to revise the provisions relating to the chairman at the general meetings of shareholders, with the objective of clarifying that executive officer is the most senior role involved in business execution, and of enabling the flexible creation of the optimal structure for business execution.

2. Details of the amendments

Current Articles of Incorporation and Proposed Amendments are as below.

(Revised portions are underlined)

Current Articles of Incorporation		Proposed Amendment
(CHAIRMAN)		(CHAIRMAN)
ARTICLE 16 - The Presidentshall act as		ARTICLE 16 - A Representative Director
Chairman at the General Meetings of Shareholders.		determined in advance by a resolution of the Board
If the Presidentis unable to act as Chairman at a		of Directorsshall act as Chairman at a General
General Meeting of Shareholders, a Director shall		Meetings of Shareholders. If the Representative
act in his or her place in accordance with the order		Directoris unable to act as Chairman at a General
determined in advance by a resolution of the Board		Meeting of Shareholders, a Director shall act in his
of Directors.		or her place in accordance with the order
		determined in advance by a resolution of the Board
		of Directors.

1

(REPRESENTATIVE DIRECTORS AND	(REPRESENTATIVE DIRECTORS AND
DIRECTORS WITH SPECIAL TITLES)	DIRECTORS WITH SPECIAL TITLES)
ARTICLE 25 - (Provisions omitted)	ARTICLE 25 - (No change)
2. The Board of Directors may, by resolution,	2. The Board of Directors may, by resolution,
appoint one (1) President, andone (1) Chairman	appoint one (1) Chairman and one (1) Vice
and one (1) Vice Chairman of the Board of	Chairman of the Board of Directors, among the
Directors, among the Directors who are not Audit	Directors who are not Audit and Supervisory
and Supervisory Committee Members.	Committee Members.

3. Schedule

Date of the Ordinary General Meeting of Shareholders for the approval of the amendment to the Articles of Incorporation: June 26, 2024 (scheduled)

Effective date of the amendment to the Articles of Incorporation: June 26, 2024 (scheduled)

End

2