On August 14, 2023, Tsuruha Holdings Inc. announced the Voting Results at the 61st Ordinary General Meeting of Shareholders. The proposals of the activist Oasis Management Company Ltd. have been rejected by the vote of shareholders: Proposal 3 about Election of Nobuo Gohara, Motohiko Nakamura, and Yuko Nakahata who are members of the Audit and Supervision Committee, Proposal 4 about Election of Muneto Tamanagi and Akiko Ikeda, Proposal 5 regarding Removal of Fumiyo Fujii who is a member of the Audit and Supervision Committee, Proposal 6 about Determination of the amount of fixed remuneration for each of the outside directors "excluding directors who are members of the Audit and Supervision Committee", Proposal 7 about Determination of individual fixed remuneration for external directors members of the Audit and Supervision Committee, Proposal 8 of Modification of the compensation plan for restricted shares for directors "excluding member directors of the Audit and Supervision Committee", Proposal 9 regarding Determination of the remuneration of the Granting of Restricted Shares to External Directors who are Members of the Audit and Supervision Committee, Proposal 10 regarding Partial Amendment to the Articles of Incorporation "Suppression of the President and Vice President", and Proposal 11 bout Partial Amendment to the Articles of Incorporation ?Election of the Chairman of the Board of Directors of External Directors?. All the Proposals have been rejected at the Ordinary General Meeting of Shareholders.