Stanley Electric : Notice of the 118th Ordinary General Meeting of Shareholders and Meeting Materials (Reference Materials and Business Report)

[Translation]

To Our Shareholders:

June 7, 2023

Start date of Electronic Provision Measures June 1, 2023

Notice of the 118th Ordinary General Meeting of Shareholders

The Company's 118th Ordinary General Meeting of Shareholders will be held in accordance with the details listed below.

You can exercise your voting rights through the enclosed voting form or the Internet, etc. instead of attending the meeting. Please review the accompanying Reference Materials for Ordinary General Meeting of Shareholders, etc. and follow the "Information on Exercise of Voting Rights" on page 3 and below to exercise your voting rights by 5:30 p.m., Wednesday, June 28, 2023.

STANLEY ELECTRIC CO., LTD.

Yasuaki Kaizumi

President and

Representative Director

1. Date: 10:00 a.m., Thursday, June 29, 2023
2. Place: Hotel Gajoen Tokyo

Hanatsudoi-no-Ma (2nd Floor)

8-l, Shimomeguro 1-chome,Meguro-ku, Tokyo

3. Agenda:

Items to be reported:

1. Report on the contents of the business report and the contents of the consolidated financial statements for the 118th business term (April 1, 2022, through March 31, 2023), and the results of audit by the Accounting Auditor and the Audit & Supervisory Board respectively, of the consolidated financial statements.
2. Report on the contents of the financial statements for the 118th business term (April 1, 2022, through March 31, 2023).

Items to be resolved:

No. 1: Election of 10 Directors

No. 2: Election of 3 Audit & Supervisory Board Members

1. Information on Electronic Provision Measures
   Please refer to the "Information on Electronic Provision Measures" stated on the following page.
2. Information on Exercise of Voting Rights
   Please refer to the "Information on Exercise of Voting Rights" stated on page 3 and below.

End

Information on Electronic Provision Measures

Information included in the Reference Materials for Ordinary General Meeting of Shareholders, etc. (excluding the voting form) for this Ordinary General Meeting of Shareholders (matters subject to electronic provision measures) are subject to electronic provision measures, so please see the relevant information by accessing the following website.

• The Company's website

https://www.stanley.co.jp/e/index.php

Please see the relevant information by accessing the above website and selecting "Investor Relations," then "Information of Shares," and then "General Meeting of Shareholders."

In addition to the above, the information is also published on the following website.

• JPX Listed Company Search

https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

Please see the relevant information by accessing the above website and entering "Stanley Electric" in the "Issue name (company name)" field or "6923" (half-width letters) in the securities "Code" field, clicking "Search," then "Basic information," and then "Documents for public inspection / PR information."

The following matters are not stated in the documents delivered to shareholders who requested delivery of paper documents, pursuant to laws and regulations as well as the provisions of Article 15 of our Articles of Incorporation. Accordingly, the documents to be delivered to shareholders who requested delivery of paper documents fall within the scope of documents audited by the Audit & Supervisory Board Members and the Accounting Auditor upon preparation of the audit report.

1. "Consolidated explanatory notes" in the consolidated financial statements
2. "Individual explanatory notes" in the financial statements

If and when any change to the matters subject to electronic provision measures becomes necessary, it will be published on the Company's website and the JPX website above.

Other notices to shareholders will be published on the Company's website (https://www.stanley.co.jp/ *(Japanese only)). Please check the newest information as necessary on the Company's website.

Information on Exercise of Voting Rights

• If attending the general meeting of shareholders:

Please present the voting form to the receptionist at the venue.

(Your seal is not necessary.)

• If sending the voting form via postal mail:

Deadline: 5:30 p.m., Wednesday, June 28, 2023 (Japan Time)

Please indicate your approval or disapproval for each item on the voting form and send the completed voting form by postal mail without a stamp.

(Please return the completed voting form so that it arrives by the above deadline.)

Please note that in the event that you fail to indicate your approval or disapproval for a proposal, it will be deemed that you indicated your approval.

• If exercising voting rights via the Internet:

Deadline: 5:30 p.m., Wednesday, June 28, 2023 (Japan Time)

• Website to exercise voting rights: https://evote.tr.mufg.jp/

Please access the above website to exercise voting rights from a personal computer or a smartphone, enter your "Login ID" and "temporary password" described on the voting form, follow the instructions on the screen, and enter your approval or disapproval for each item by the above deadline. (However, please note that you will not be able to exercise your voting rights via the Internet on the designated website between the hours of 2:00 a.m. and 5:00 a.m. (Japan Time).)

Points to keep in mind:

1. Website to exercise voting rights
2. 1. Please note that you may not be able to exercise your voting rights via a personal computer or a smartphone on the designated website to exercise voting rights, depending on the Internet settings configured on your device, the services to which you are subscribed, or the model of your device.
   2. You will be able to exercise your voting rights via the Internet on the designated website until 5:30 p.m., Wednesday, June 28, 2023 (Japan Time), but we ask that you kindly exercise your voting rights at your earliest convenience.
3. Handling of voting rights when a voting right is exercised on multiple occasions
4. 1. Please note that in the event that a voting right is exercised both by returning a voting form by mail and via the Internet, only the voting made via the Internet will be deemed valid and shall supersede the mailed voting form.
   2. In the event that a voting right is exercised via the Internet on multiple occasions, the most recent voting right shall supersede the earlier voting right and be deemed valid.
5. Costs incurred for access to the website to exercise voting rights

Please note that Internet connection charges and communication charges, or the like incurred for access to the website to exercise voting rights shall be borne by the shareholder.

Internet

Deadline: 5:30 p.m., Wednesday, June 28, 2023 (Japan Time)

• How to scan the QR code with a smartphone

You may log in to the website to exercise voting rights without entering your Login ID and temporary password described on the duplicate slip of a voting form.

1. Please scan the QR code described on the right side of the duplicate slip of a voting form. Note: "QR code" is a registered trademark of DENSO WAVE Incorporated.
2. Please follow the instructions on the screen, and enter your approval or disapproval for each item.

• How to enter the Login ID and temporary password Website to exercise voting rights: https://evote.tr.mufg.jp/

1. Please access the website to exercise voting rights.
2. Please enter your Login ID and temporary password described on the voting form, and click "Login."
3. • Enter the Login ID and temporary password
   • Click "Login"
4. Please register a new password.
5. • Enter a new password
   • Click "Send"
6. Please follow the instructions on the screen, and enter your approval or disapproval for each item.

The Login ID and temporary password of the website to exercise voting rights are described on the lower right of the enclosed voting form.

For further assistance, regarding technical matters, etc., please contact:

Transfer Agent Department (Help Desk)

Mitsubishi UFJ Trust and Banking Corporation

Phone: [phone] (toll free)

Inquiries are accepted from 9:00 a.m. to 9:00 p.m. (Japan Time)

• Voting platform for institutional investors

For management and trust banks or other nominee shareholders (including standing proxies), the Electronic Voting Platform operated by Investor Communications Japan, Inc. (ICJ, Inc.), a joint venture incorporated by Tokyo Stock Exchange, Inc. et al., is available as another electronic voting method for the general meeting of shareholders, in addition to the method of voting via the Internet as described above, subject to prior application for use to ICJ, Inc.

End of Notice

Reference Materials for Ordinary General Meeting of Shareholders

Items to Be Resolved and Reference Matters

First item to be resolved

Election of 10 Directors

The term of office of all 10 Directors of the Company will expire at the end of this Ordinary General Meeting of Shareholders. Accordingly, it is proposed that 10 Directors be elected.

Candidates for Director of the Company are as follows.

Candidate				Name					Current title and responsibilities at
No.									the Company
1				Yasuaki Kaizumi					President and Representative
	Reelection		Male
									Director
									Chief Technology Officer
2				Toru Tanabe					Vice President and Representative
	Reelection		Male
									Director
									Chief Quality Assurance Officer
									Chief Human Resources & General
									Affairs Officer
									Chief Asian & Oceanian Business
									Officer
3				Keisuke Ueda					Managing Director
	Reelection		Male
									Chief Financial Officer
									Chief Accounting Officer
									Chief European Business Officer
4				Tatsuaki Tomeoka					Director, Chief Purchasing Officer
	Reelection		Male
									Cost Competitiveness Officer
									Chief Chinese Business Officer
5				Satoshi Oki					Director
	Reelection		Male
									Chief Manufacturing Officer
									Chief Compliance Officer
									Chief SNAP Officer
									Chief Domestic Subsidiary Officer
6				Kazuki Takano					Director
	Reelection		Male
									Chief Sales Officer
									Chief American Business Officer
7				Masakatsu Mori					Outside Director
	Reelection	Independent
		Outside
					Male