Istyle : Notice of Partial Amendments to the Articles of Incorporation

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

August 15, 2022

To whom it may concern,

Company name	istyle Inc.
Representative	Tetsuro Yoshimatsu, President and CEO
	(Stock Exchange Code: 3660)
Contact	Kei Sugawara, Director and CFO
	（TEL.[phone]）

Notice of Partial Amendments to the Articles of Incorporation

istyle Inc. (the "Company") announces that its Board of Directors today passed a resolution to submit a proposal for Partial Amendments to the Articles of Incorporation at the 23rd Annual General Meeting of Shareholders scheduled to be held on September 26, 2022.

1. Reason for the amendments
2. 1. Article 14 and Article 22 of the proposed amendment would establish provisions to clarify the representative director who has the authority to convene and chair the General Meeting of Shareholders and Board of Directors meetings when there is more than one representative director, so that the General Meeting of Shareholders and Board of Directors meetings can be conducted appropriately and without delay.
   2. Article 17 of the proposed amendment shall provide that the Company shall provide the materials of the General Meeting of Shareholders electronically on the effective date of the system as provided for in the proviso to Article 1 of the Supplementary Provision of the Act Partially Amending the Companies Act (Act No. 70 of 2019) and that the scope of matters to be included in the document to be delivered to shareholders who have requested delivery of the document may be limited. In addition, the current provisions on Internet disclosure and deemed provision of reference documents for the general meeting of shareholders, etc. will be deleted as they are no longer necessary, and supplementary provisions regarding Transitional Measures associated with these amendments will be set.
   3. Article 25 of the Proposed Amendment is to newly establish a vice chairperson position as an executive director in order to build a management structure that can promptly respond to changes in the business environment and to further strengthen and enhance the management base.
3. Details of amendments

Details are as shown in the table below. The amendments are underlined.

1

	Current		Proposed amendment
(Convener and Chairperson)		(Convener and Chairperson)
Article 14			Article 14
Representative Director of the Company shall call		Representative Director (or, if there are two or more
General Meeting of Shareholders and shall act as a		Representative Directors, in accordance with
chairperson.			Representative Director predetermined by the
2 . I n t h e e v e n t	o f a n y a c c i d e n t s t o t h e		Board of Directors shall serve)of the Company
Representative Director, another director shall call		shall call General Meeting of Shareholders and shall
General Meeting of Shareholders and act as a		act as a chairperson.
chairperson according to procedures established by		2. In the event of any accidents to the convener and
t h e B o a r d o f	D i r e c t o r s i n a d v a n c e .		chairperson determined pursuant to the provisions
			of the preceding paragraph, another director shall
			call General Meeting of Shareholders and act as a
			chairperson according to procedures established by
			the Board of Directors in advance.
(Internet disclosure and deemed provision of
reference documents for the General Meeting of
Shareholders)
Article 17 In the event of calling of General
Meeting of Shareholders, if the Company disclose		(Deleted)
information that should be included in reference
documents for the general meeting of shareholders,
business reports, accounting documents and
consolidated accounting documents in a manner
utilizing the Internet in accordance with the
provisions prescribed by ordinances of the Ministry
of Justice, the Company may be deemed to have
provided this information to shareholders.
			(Measures for Electronic Provision, etc.)
			Article 17 The Company shall, when convening a
			General Meeting of Shareholders, provide
			information contained in the Reference Documents
	(New)		for the General Meeting of Shareholders Proposals,
			etc, electronically.
			2. Among the matters to be provided electronically,
			the Company may choose not to include all or part
			of the matters stipulated in the Ordinance of the
			Ministry of Justice in the paper copy to be sent to
			shareholders who have requested it by the record
			date for voting rights.
(Convener and chairperson of Board of Directors		(Convener and chairperson of Board of Directors
Meeting)			Meeting)
Article 22			Article 22

2

Representative Director shall call the Board of Directors Meeting and act as a chairperson unless otherwise specified.

2. In the event of any accidents to the Representative Director, another director shall call Board of Directors Meeting and act as a chairperson according to procedures established by the Board of Directors in advance.

(Representative Director and executive directors) Article 25

Representative Director shall be elected by the resolution of the Board of Directors.

2. The Board of Directors may assign one chairperson of the Board of Directors and one Representative Director, and a few executive vice presidents, senior executive managing directors, and managing directors.

(New)

Representative Director (or, if there are two or more Representative Directors, in accordance with Representative Director predetermined by the Board of Directors shall serve)shall call the Board of Directors Meeting and act as a chairperson unless otherwise specified.

2. In the event of any accidents to the convener and chairperson determined pursuant to the provisions of the preceding paragraph,another director shall call Board of Directors Meeting and act as a chairperson according to procedures established by the Board of Directors in advance.

(Representative Director and executive directors) Article 25

Representative Director shall be elected by the resolution of the Board of Directors.

2. The Board of Directors may assign one chairperson of the Board of Directors and one Representative Director, and a few vice chairpersons, executive vice presidents, senior executive managing directors, and managing directors.

Supplementary Provisions

Article 1

Article 17 of the pre-amended Articles of Incorporation (Internet disclosure and deemed provision of reference documents for General Meeting of Shareholders) shall remain effective regarding any general meeting of shareholders held on a date within six (6) months from September 1, 2022, which is the date of enforcement of the revised provisions provided for in the proviso to Article 1 of the Supplementary Provisions of the Act Partially Amending the Companies Act (Act No. 70 of 2019) (hereinafter referred to as the "Date of Enforcement").

2. These Supplementary Provisions shall be deleted on the date when six (6) months have elapsed from the Date of Enforcement or three (3) months have elapsed from the date of the general meeting of shareholders in the preceding paragraph, whichever is later.

3

3. Dates

Date of the General Meeting of Shareholders to amend the Articles of Incorporation:

September 26, 2022 (tentative)

Effective date of the amendment to the Articles of Incorporation:

September 26, 2022 (tentative)

4