On January 23, 2025, Kao Corporation announced in its press release that it had received a shareholder proposal from Oasis Japan Strategic Fund Ltd for its 119th Ordinary General Meeting of Shareholders. The proposals are as follows, i) Election of 5 Outside Directors, ii) Revision of Remuneration Amount for Outside Directors, iii) Granting of Subsequent Delivery-Type Stock Compensation to Outside Directors, and iv) Approval of Stock Compensation Plan for Directors excluding Outside Directors.