ULVAC : Notice of the 118th ordinary general meeting of shareholders

These documents have been translated from Japanese originals for reference purposes only.

In the event of any discrepancy between these translated documents and the Japanese originals, the originals shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damage arising from the translations.

(Securities Code 6728)

September 9, 2022

To Shareholders with Voting Rights:

Setsuo Iwashita

President and Chief Executive

Officer

ULVAC, Inc.

2500 Hagisono, Chigasaki,

Kanagawa, Japan

NOTICE OF

THE 118TH ORDINARY GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:

We hereby announce that the 118th Ordinary General Meeting of Shareholders of ULVAC, Inc. (the "Company") will be held for the purposes as described in the next page.

In order to prevent the spread of COVID-19, we recommend you to exercise your voting rights in advance in writing or via the Internet, etc. instead of attending the General Meeting of Shareholders.

Please review the "Reference Documents for the General Meeting of Shareholders" included herein, and exercise your voting rights by 5:00 p.m. on Wednesday, September 28, 2022, Japan time, by following the procedure as described in pages 3 to 5.

1. Date and Time: Thursday, September 29, 2022 at 10:00 a.m. Japan time

2. Place:	2nd Floor Conference Room of the C Building of the Company
	located at 2500 Hagisono, Chigasaki, Kanagawa, Japan

3. Meeting Agenda:

Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company's

118th fiscal year (July 1, 2021 - June 30, 2022) and results of audits by the Independent Auditor and the Board of Corporate Auditors of the Consolidated Financial Statements

2. Non-consolidated Financial Statements for the Company's 118th fiscal year (July 1, 2021 - June 30, 2022)

Proposals to be resolved:

Proposal No. 1: Appropriation of Surplus

Proposal No. 2: Partial Amendment to the Articles of Incorporation

Proposal No. 3: Election of Seven Directors

Proposal No. 4: Election of One Corporate Auditor

Proposal No. 5: Election of One Substitute Auditor

4. Information on Exercise of Voting Rights, etc.

Please refer to "Information on Exercise of Voting Rights, etc." described on the following page.

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• The doors to the meeting room will open at 9:00 a.m., Japan time.
• When attending the meeting, please submit the enclosed Voting Rights Exercise Form at the reception desk.
• Of the documents to be attached to this notice, the "Notes to Consolidated Financial Statements" and the "Notes to Non-consolidated Financial Statements" are posted on the Company's website below in accordance with laws and regulations and Article 16 of the Articles of Incorporation of the Company, and accordingly are not included in the documents attached to this notice. Consequently, the documents attached to this notice comprise a portion of the documents audited by Corporate Auditors and the Independent Auditor in the preparation of the Audit Report.
• In the event that the Reference Documents for the General Meeting of Shareholders, the Business Report, and/or the Consolidated Financial Statements and Non-consolidated Financial Statements are revised, the revised versions will be posted on the Company's website below.

The Company's Website: https://www.ulvac.co.jp/

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Information on Exercise of Voting Rights, etc.

Voting rights at the General Meetings of Shareholders are important rights of shareholders. Please exercise your voting rights having fully examined the following Reference Documents for the General Meeting of Shareholders. The following three methods are available to exercise your voting rights.

In order to prevent the spread of COVID-19, we recommend our shareholders to exercise their voting rights in advance in writing or via the Internet, etc. instead of attending the General Meeting of Shareholders.

Attendance at General Meeting of Shareholders

When you attend the General Meeting of Shareholders, please submit the enclosed Voting Rights Exercise Form at the reception desk.

Date and time of the General

Meeting of Shareholders:

Thursday, September 29, 2022 at

10:00 a.m. Japan time

Exercise of voting rights in

writing (via mail)

Please indicate your vote for or against each proposal on the enclosed Voting Rights Exercise Form and send the form by postal mail.

Deadline for

exercising voting rights:

To be received no later than

5:00 p.m., Wednesday,

September 28, 2022, Japan time

Exercise of voting rights via

the Internet, etc.

Please follow the directions on pages 4 and 5 to vote for or against each proposal (available in Japanese only).

Deadline for

exercising voting rights:

Must finish input by 5:00 p.m., Wednesday, September 28, 2022, Japan time

• Service will be suspended between 5:00 a.m. on Saturday, September 17, 2022 and 5:00 a.m. on Tuesday, September 20, 2022 due to website maintenance.

If you do not indicate your vote for or against a proposal, your vote will be deemed as a vote in favor.

In the event that you exercise your voting rights both in writing (via mail) and via the Internet, etc. only your exercise of voting rights via the Internet, etc. will be considered valid. In the event that you exercise your voting rights via the Internet, etc. multiple times, then only your final exercise of voting rights via the Internet, etc. will be considered valid.

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Guidance on Exercise of Voting Rights via the Internet, etc.

Deadline

for

exercising

voting rights

Must finish input by 5:00 p.m.,

Wednesday, September 28, 2022, Japan time

• Service will be suspended between 5:00 a.m. on Saturday, September 17, 2022 and 5:00 a.m. on Tuesday, September 20, 2022 due to website maintenance.

"Smart Exercise"

by scanning the QR Code

By scanning the QR Code, you can log in on the voting rights exercise website without entering the voting rights exercise code and password.

1. Scan the QR Code printed on the bottom right of the Voting Rights Exercise Form using a smartphone.
2. • The "QR Code" is a trademark of DENSO WAVE INCORPORATED.
3. Enter your vote for or against the proposals by following the on-screen instructions.

You can exercise your voting rights via "Smart

Exercise" only once.

If you wish to change your vote, please access the PC-version website for exercising voting rights, log in using the "voting rights exercise code" and "password" printed on the Voting Rights Exercise Form, and exercise your voting rights again.

• You can access the PC-version website by scanning the QR Code again using a smartphone.

In the event that you exercise your voting rights both in writing (via mail) and via the Internet, etc. only your exercise of voting rights via the Internet, etc. will be considered valid.

In the event that you exercise your voting rights via the Internet, etc. multiple times, then only your final exercise of voting rights via the Internet, etc. will be considered valid.

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Inquiry on Exercise of Voting Rights via the Internet

Stock Transfer Agency Web-support Helpdesk,

Sumitomo Mitsui Trust Bank

Tel: [phone] (toll free in Japan) (Business hours: 9:00 a.m. to 9:00 p.m.)

To Institutional Investors

Institutional investors can electronically exercise their voting rights for this meeting from the "Electronic Voting System Platform" operated by ICJ, Inc.

How to enter your

voting rights exercise code and password

Voting rights exercise website: https://www.web54.net

1. Access the voting rights exercise website.
2. Enter the "voting rights exercise code" printed on the Voting Rights Exercise Form.
3. Enter the "password" printed on the Voting Rights Exercise Form.
4. Enter your vote for or against the proposals by following the on-screen instructions.

Click "next"

Enter your "voting rights exercise code"

Click "log in"

Enter your password

Please set a new password that you will be using

Click "register"

You may not be able to use the voting rights exercise website depending on the Internet settings, etc. of your PC or smartphone.

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