On June 30, 2023 Miyaji Engineering Group announces the voting results of the 20th Ordinary General Meeting of Shareholders held on June 29, 2023, accordingly the shareholder proposals submitted by ESG Investment Partnership regarding Appropriation of surplus- the Activist mentions that the the Company should, at the very least, achieve a stock price of 5,979 yen, which is 1x PBR. ROE and Partial Amendment to the Articles of Incorporation (Individual Disclosure of Director Compensation), were not approved by the shareholder of the Company.