Nippon Sheet Glass : Notice of Convening the 156th Ordinary General Meeting of Shareholders

Note: This document is a translation for the convenience of non-Japanese speakers. In the

event of any discrepancy between this translation and the original Japanese document, the

latter shall prevail.

Notice of Convening

The 156th

Ordinary General Meeting

of Shareholders

Prevention of the spread of COVID-19

• The shareholders meeting is live-streamed on the Internet. Please exercise your voting rights in advance by mail or via internet, and consider avoiding your attending this general meeting of shareholders in person.
• When you come to the general meeting of shareholders, we kindly ask for your understanding and cooperation regarding bringing and wearing masks, disinfecting hands and fingers, and conducting temperature measurements etc.

Nippon Sheet Glass Company, Limited

Securities Code: 5202

Date and Time:

10:00 A.M., Wednesday, 29 June 2022 (Reception to open from 9:00 A.M.)

Venue:

The Grand Hall

Shinagawa Grand Central Tower 3rd floor, 16-4, Konan 2-Chome,Minato-ku, Tokyo

(The venue is different from last year, so please be careful not to make a mistake referring the "Map of the Venue for the Ordinary General Meeting of Shareholders" attached at the end.)

Matters to be Resolved:

Proposal 1: Partial Amendments to the Articles of Incorporation

Proposal 2: Election of Eight Directors

Deadline to exercise the voting rights in writing or via the Internet:

5:45 P.M. (Japan time) Tuesday, 28 June 2022

Contents

• Notice of Convening the 156th Ordinary

General Meeting of Shareholders................

1

• Information concerning Exercising Voting

Rights via the Internet ..............................	3
 Reference Materials to Proposals.................	5

Proposal and the References thereto

Proposal 1: Partial Amendments to the Articles of Incorporation

Proposal 2: Election of Eight Directors [Attached Documents]

• Business Report

I. Matters Relating to the Current State of the

	Company's Group..................................	20
	II. Matters Related to the Shares................	33
	III. Policy on Return of Our Profits to
	Shareholders .......................................	34
	IV. Matters Related to the Stock Acquisition
	Rights, etc. ...........................................	35
	V. Matters Related to Directors and Executive
	Officers.................................................	36
	VI. Accounting Auditor...............................	49
	VII. Status of Corporate Governance...........	50
	Consolidated Financial Statements.............	58
	Financial Statements................................	62

Our Vision" comprises the Mission (core purpose), Aspiration (desired future position) and Core Values (the basis on which we work and conduct ourselves). With "Our Vision," NSG Group is striving to realize a sustainable society by offering new values and services with glass swiftly and appropriately to meet the growing needs of our customers and society.

Securities Code: 5202

7 June 2022

Shigeki Mori

Director,

Representative Executive Officer, President and CEO

Nippon Sheet Glass Co., Ltd.

5-27, Mita 3-Chome,Minato-ku, Tokyo

Notice of Convening the 156th Ordinary General Meeting of Shareholders

Dear Shareholders,

Thank you for your continuing support and patronage of NSG Group.

As described below, this is to notify you of the forthcoming 156th Ordinary General Meeting of Shareholders of the Company.

Concerning this general meeting, in order to prevent the spread of COVID-19, please kindly consider avoiding your attending the meeting in person. The shareholders meeting is live-streamed on the Internet.

(For the viewing method, please refer to the enclosed attached sheet, "Information on live-streaming of the

general meeting of Shareholders and reception of prior questions".)

You remain capable of exercising your voting rights either in writing or by electronic or magnetic means (via the Internet), so even in the case of your absence from the meeting, we would much appreciate it if you could take your time to review and consider the "Reference Materials to Proposals at the General Meeting of Shareholders" below, and then exercise your voting rights according to the explanations and instructions described in page 2 to 4 by no later than 5:45 P.M. (Japan time) of 28 June (Tue.) 2022.

	Note:
1. Date and Time	10:00 A.M., Wednesday, 29 June 2022
2. Venue	The Grand Hall
	Shinagawa Grand Central Tower 3rd floor, 16-4, Konan 2-Chome,Minato-ku, Tokyo
	(Please refer to the "Map of the Venue for the Ordinary General Meeting of
	Shareholders" attached at the end.)
	Matters to be Noted
3. Agenda
	1. Business Report, Reports of the Consolidated Financial Statements, and Audit
	Reports of the Accounting Auditor and the Audit Committee on the
	Consolidated Financial Statements, for the 156th fiscal period from 1 April
	2021 to 31 March 2022
	2. Reports of the Financial Statements for the 156th fiscal period from 1 April
	2021 to 31 March 2022
	Matters to be Resolved
	Proposal 1: Partial Amendments to the Articles of Incorporation
	Proposal 2: Election of Eight Directors
	End

1

Other Matters related to this Convening

• Reference Materials to Proposals at the General Meeting of Shareholders and those Business Report, Consolidated Financial Statements, and Financial Statements which need to be attached to this Convening Notice are all as duplicated and shown in pages from 5 to 66 below, with the exclusion of "Matters Related to the Stock Acquisition Rights, etc.", "Consolidated Statement of Changes in Equity", "Notes to the Consolidated Financial Statements", "Statement of Changes in Net Assets" and "Notes to the Financial Statements" which are posted and made available on the Company's website athttps://www.nsg.com/in accordance with the relevant laws and ordinances, and Article 14 of the Articles of Incorporation.
  Accordingly, those Consolidated Financial Statements and Financial Statements attached to this Convening Notice respectively constitute such part of Consolidated Financial Statements and Financial Statements as were audited by the Accounting Auditor and the Audit Committee in the course of their conduct of audit in order to prepare for and produce their respective audit reports.
• If it should become necessary to make any amendments to any of the Reference Materials to Proposals at the General Meeting of Shareholders, Business Report, Consolidated Financial Statements and/or Financial Statements, such amendments shall be notified to you by mail, or on the Company's website athttps://www.nsg.com/.
• Any changes in the operation of this Ordinary General Meeting of Shareholders shall be notified on the Company's website at https://www.nsg.com/.
• Voting results of the meeting will be filed and shown via EDINET (https://disclosure.edinet-fsa.go.jp/) in the form of an Extraordinary Report (in Japanese only), and also disclosed on the Company's website at https://www.nsg.com/ (in English) and athttps://www.nsg.co.jp/(in Japanese). You are kindly asked to acknowledge and confirm that these actions are intended to operate as substitute in place of the issue and posting of a resolution notice.

2

Exercising Voting Rights

• When exercising voting rights via the Internet

When exercising voting rights via the Internet, please carefully read "Information concerning exercising voting rights via the Internet" as shown below (page 3) and then exercise the rights by no later than 5:45 P.M. (Japan time) of 28 June (Tue.) 2022.

• When exercising voting rights in writing

Indicate your approval or disapproval of the proposals in the enclosed voting rights exercising card and send it so that it reaches us no later than 5:45 P.M. (Japan time) of 28 June (Tue.) 2022.

• When attending the meeting on the day
  Please present the enclosed voting rights exercising card to the reception.

Electronic Voting Platform for Institutional Shareholders

The Electronic Voting Platform operated by ICJ, Inc. is available for institutional shareholders.

Information concerning Exercising Voting Rights via the Internet

Exercising your voting rights via the Internet can be carried out only through the website above specified by the Company.

• Exercise of voting rights by "Smart Voting" (available only in Japanese)
  Please scan the "Smartphone use voting right exercise website login QR cord" on the lower right of the enclosed voting rights exercising card with a smartphone or tablet. The URL that then appears will bring you to the voting right exercise website screen by clicking on it. Please follow the screen instructions to exercise your voting rights.
• Exercise of voting rights by the voting rights code and password (available only in Japanese)
  Please access the website for exercising voting rights, https://www.web54.net, with a personal computer or other Internet-capable device of yours and enter your approval or disapproval for each proposal by using the voting rights code and password described in your enclosed voting rights exercising card and afterwards follow the screen instructions shown in the screen.
• Contact the following for any inquiries regarding the exercise of voting rights via the Internet Web support desk of Stock Transfer Agency Department, Sumitomo Mitsui Trust Bank, Limited Telephone number: 0120-652-031 (from 9:00 to 21:00 Japan time, toll free in Japan)

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