OSAKA Titanium technologies : Notice of the 26th Annual General Meeting of Shareholders

This document is the translation version of 「第 26 期定時株主総会招集ご通知」("NOTICE OF

THE 26th ANNUAL GENERAL MEETING OF SHAREHOLDERS") which is originally written in Japanese. This document is intended for reference-purpose only. In the event of any discrepancy between this translation and the original Japanese document, the original shall prevail. OSAKA Titanium technologies Co., Ltd. (hereinafter "the Company") assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from this translation.

Dear Shareholders,

We would like to express our sincere gratitude to all our shareholders for your continued support.

While the Japanese economy is showing signs of recovery as economic activity normalises following the easing of restrictions on new coronavirus infections, the outlook remains difficult to predict due to rising prices of raw materials and fuels, exchange rate volatility, as well as ongoing geopolitical risks in overseas economies from Russia's invasion of Ukraine.

In the Company's flagship Titanium business, in addition to a gradual recovery in demand for aerospace and replacement demand for Russian titanium, demand for general industrial applications also began to increase gradually. In the Company's High-Performance Materials business, demand for high-purity titanium and spherical titanium alloy powder (alloy TILOP) also increased. As a result, sales increased in both the Titanium and High-Performance Materials businesses for the Company. Furthermore, improved earnings due to better product prices and cost reduction efforts have also helped the business to turn around and become profitable for the first time in three years since the financial year ending March, 2020.

In this business environment, in order to steadily return to the growth strategy envisioned by the Company and build a strong corporate foundation for sustainable development, the Company will further strengthen its profitability in the Titanium business by maximising production capacity utilisation, continuing efforts to improve product prices and by improving the production technology.

In the High-Performance Materials, the Company will accelerate the growth of high-purity titanium, strengthen the growth and profitability of alloy TILOP for its full-scale commercialisation and promote the early development of silicon monoxide (SiO) anode materials. The Company will also work to develop new businesses that use the Company's specialised technologies to transform its business portfolio.

In addition, the Company will further enhance its corporate value by promoting various activities to reduce its environmental impact, such as its recent carbon-neutral response, and by actively promoting the use of IT technology.

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Based on current performance, the year-end dividend will be JPY 25 per share, which, together with the interim dividend of JPY 10 per share, will result in an annual dividend of JPY 35 per share.

The Company will continue to make every effort to maintain and improve its performance and would like to thank you shareholders for your continued support and encouragement.

Yasuaki Sugizaki

Representative Director,

Member of the Board & President

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(Securities Code 5726)

1st June 2023

To All Shareholders with Voting Rights:

Yasuaki Sugizaki Representative Director, Member of the Board & President OSAKA Titanium technologies Co., Ltd. 1 Higashihama-cho,

Amagasaki, Hyogo, Japan

NOTICE OF

THE 26th ANNUAL GENERAL MEETING OF SHAREHOLDERS

Notice is hereby given that the 26th Annual General Meeting of Shareholders (hereinafter referred to as the "AGM") of OSAKA Titanium technologies Co., Ltd. (hereinafter referred to as the "Company") will be held as follows:

1. Date and Time: Friday, 23rd June 2023, at 10am Japan Time (doors open at 9 am)

2. Place:	Amagasaki Chamber of Commerce, Conference Room 701, 7th floor
	3-96Showa-Dori, Amagasaki, Hyogo, Japan

3. Meeting Agenda:

Matters to be Reported The Business Report and Financial Statement for the 26th Term

(Financial Year ending 31st March 2023)

Matters to be Resolved
Item	Appointment of four (4) Directors (excluding those who are members of
	the Audit & Supervisory Committee)

In convening this AGM, the Company has adopted the measures for the electronic provision of the information contained in the AGM Reference Documents (hereinafter referred to as the "Electronic Provision Measures"), which are available on the internet. The Company invites you to visit one of the following websites to check the information on the websites.

[Company's website] https://www.osaka-ti.co.jp/ir/kabunushi.html

[Tokyo Stock Exchange website (TSE-listed company information service)] https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

Access the above website and search for "OSAKA TITANIUM TECHNOLOGIES" in the "Issue name (Company name)" section or simply enter the Company's security code "5726" in the "Code" section. Then, select in the following order: "Basic information", "Documents for public inspection/PR information" and "Notice of General Shareholders Meeting/Information Materials for a General Shareholders Meeting."

Please review the enclosed AGM Reference Documents and exercise your voting rights in advance by returning the enclosed voting form or by voting online by the internet in case you are not able to come to the AGM on-site.

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Notes

• The following items (1) and (2) are NOT included in the attachment to this Notice of AGM as they are posted on the above websites in accordance with the law and Article 17 of the Company's Articles of Incorporation.

1. In the Business Report, "Major Business Operations," "Major Offices and Plants," "Employees," "Major Lenders," "Status of Shares," "Matters relating to Share Subscription Rights," "Development of Systems to Ensure the Appropriateness of Business Operations," and "Overview of the Operation Status of the System to Ensure the Appropriateness of Business Operations."
2. In the Financial Statement, "Statement of Changes in Shareholders' Equity" and "Notes to the Financial Statement."

• The Business Report audited by the Directors who are members of the Audit & Supervisory Committee consists of the statements in this Notice of AGM and (1) above. The Financial Statement audited by the Accounting Auditors and the Directors who are members of the Audit & Supervisory Committee consists of the statements in this Notice of AGM and (2) above.
• In the event of any amendments to the Electronic Provision Measures, a notice will be posted on the aforementioned websites on the internet to inform shareholders of the amended matters.

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AGM Reference Documents

Matters to be Resolved

ItemAppointment of four (4) Directors (excluding those who are members of the Audit & Supervisory Committee)

As the terms of office of all four (4) Directors (excluding those who are members of the Audit

• Supervisory Committee) will expire at the conclusion of this AGM, the appointment of four (4) Directors (excluding those who are members of the Audit & Supervisory Committee) is proposed.

The Audit & Supervisory Committee discussed this proposal based on the deliberations of the Nomination and Remuneration Committee. As a result, the Audit & Supervisory Committee expressed the opinion that there were no particular matters to be addressed.

The candidates for Directors (excluding those who are members of the Audit & Supervisory Committee) are as follows:

CandidateName No.

(excluding those who are members of the Audit & Supervisory Committee)>

Current Position &

Responsibilities at the Company

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Yasuaki	Re-	Representative Director,
Sugizaki	appointed	Member of the Board & President
Satoru	Re-	Director, Member of the Board & Senior Managing Executive Officer
Oversees the Corporate Planning & Finance, the General Affairs &
Takahashi	appointed
Human Resources, and the Raw Materials & Purchasing Departments
Junji		Director, Member of the Board & Senior Managing Executive Officer
Re-	Oversees the Safety, Environment & Disaster Management, the
Kawafuku	appointed	Production Control, the Quality Assurance, the Technology, the Testing &
	Analysis, the Facilities, and the Titanium Manufacturing Departments
Tadao	Newly-	Managing Executive Officer
Araike	appointed	In charge of the Titanium Manufacturing Department

Notes

1. There are no special interests between each candidate and the Company.
2. The Company has entered into a liability insurance contract with an insurance company for all Directors, Members of the Board, as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The insurance policy shall cover any loss that may arise as a result of an insured Director being held liable for the performance of his or her duties or being subject to a claim in respect of such liability. In the event that each candidate is appointed as a director, he or she will become an insured person under the relevant insurance policy and the policy will be renewed during the term of office.

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