On June 30, 2022, Tokyo Radiator Mfg.Co.,Ltd. annouced the voting results at the 118th Ordinary General Meeting of Shareholders held on June 28, 2022. The Proposals 1 and 2 regarding Partial amendment of articles of incorporation "Law to partially revise the Companies Act" and appointment of 5 Directors (Hisao Ochiai, Koji Hagikawa, Kenji Mimura, Yoichi Taguchi, and Toshitaka Takamura) were approved by shareholding vote respectively. However, the Proposals 3 to 7 were rejected.

Specifically, the Proposal No. 3 refers to Disposal of surplus: Matters concerning the allocation of dividend assets and the total amount of money 284 yen per share of the Company's common stock, Total amount of 4,086,170,000 yen, Proposal No. 4 refers to Partial Amendment of Articles of Incorporation (i): Amendments to the Articles of Incorporation in order to shift from a Company with a Board of Corporate auditors to a Company with an Audit and Supervisory Committee, Proposal No.

5 (ii) about Partial Amendment of Articles of Incorporation: The Articles of Incorporation will be amended in order to establish a Nominating Committee and Compensation Committee, which are composed of a majority of outside directors, Proposal No. 6 about Remuneration decision for granting transfer-restricted shares to directors "excluding outside directors", the annual remuneration amount for directors related to the transfer-restricted stock compensation system is 200 million. Aside from the yen's remuneration limit, the annual amount is set to 13 million yen or less, and Proposal No.

7 about Partial Amendment of Articles of Incorporation (iii): Amendments to the Articles of Incorporation to abolish advisors and advisors.