On July 28, 2023, Oasis Management Company Ltd announced that independent proxy advisory firm Institutional Shareholder Services Inc supported its board nominees, its proposals to install a refreshed, independent oversight function to counterbalance the control of Company?s founding families, vote against all the Company?s incumbent outside directors, as well as the new outside directors candidates proposed by the Company. In addition, Oasis Management urged the shareholders of the Company to vote for its board nominees, vote for the series of the corporate governance reforms proposed by Oasis, and to vote against the Company?s proposed incumbent Outside Directors Harumi Sato and Takuya Okazaki, at the annual meeting of shareholders scheduled to be held on August 10, 2023.
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