On May 31, 2023, Uchiyama International Co., Ltd announced that it recommend 8 independent outside director candidates as well as other proposals that benefit the interests of the Company’s all stakeholders and stated to vote against the 5 current outside board members Kazuhiro Mishina, Kaoru Umino, Torsten Gessner, Ako Shimada and Clark Graninger, to vote against the 1 newly proposed nominee Anthony Black and to vote against Company’s dividend proposal of 75 yen at Company’s upcoming 76th Annual Meeting of Shareholders to be held on June 21, 2023.