Ishihara Sangyo Kaisha : Notice of Resolutions of the 100th Ordinary General Meeting of Shareholders

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.

The company is not responsible for the accuracy or completeness of the translation.

(Securities code: 4028)

June 28, 2023

To Our Shareholders

Hideo Takahashi Executive Director, President

ISHIHARA SANGYO KAISHA, LTD.

3-15, Edobori 1-chome,Nishi-ku, Osaka

Notice of Resolutions of the 100th Ordinary General Meeting of Shareholders

We hereby inform you of the reported matters and resolutions approved by the 100th Ordinary General Meeting of Shareholders held today as follows:

Matters Reported:

1. The Business Report and the Consolidated Financial Statements for the 100th Fiscal Year (from April 1, 2022 to March 31, 2023), as well as the audit reports on the Consolidated
   Financial Statements by the Company's Accounting Auditors and the Audit & Supervisory Board
2. The Non-Consolidated Financial Statements for the 100th Fiscal Year (from April 1, 2022 to March 31, 2023)

The contents of the above matters were duly reported.

Matters Resolved:

Proposal No. 1: Appropriation of Surplus

This proposal was approved and adopted as originally proposed.

As a result, the year-end dividend for the 100th fiscal year was set at 42 yen per share.

Proposal No. 2: Election of Nine (9) Directors

This proposal was approved and adopted as originally proposed.

Messrs. Kenichi Tanaka, Hideo Takahashi, Hiroshi Okubo, Kiyomitsu Yoshida, Yasunobu Kawazoe, Masaki Shimojo, Hiroshi Katsumata, Tatsuo Hanazawa and Satoshi Ando were reelected, and Ms. Akemi Uchida was newly elected, as Directors, and all of them assumed their offices. Tatsuo Hanazawa, Satoshi Ando and Akemi Uchida are Outside Directors.

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Proposal No. 3: Election of One (4) Audit & Supervisory Board Members

This proposal was approved and adopted as originally proposed.

Mr. Yoshihito Akiyama was reelected, and Messrs. Yoichi Kobayashi, Norihisa Kusumi, Yasuhiro Koike were newly elected, as Audit & Supervisory Board Members, and all of them assumed their office. Norihisa Kusumi and Yasuhiro Koike are Outside Audit & Supervisory Board Members.

Proposal No. 4: Election of One (1) Substitute Audit & Supervisory Board Member This proposal was approved and adopted as originally proposed.

Mr. Masaki Nakajima was elected as a Substitute Audit & Supervisory Board Member. Masaki Nakajima is a Substitute Outside Audit & Supervisory Board Member.

END

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