Union Tool : Notice of Resolutions passed by the 62nd Ordinary General Meeting of Shareholders （268KB）

This document is a translation from the Japanese original Notice of Resolutions passed by the 62nd Ordinary General Meeting of Shareholders of UNION TOOL CO. prepared for the convenience of shareholders outside Japan. In case of any discrepancy between the translated document and the Japanese original, the latter shall prevail.

(Stock Exchange Code 6278)

March 30, 2023

To Our Shareholders,

UNION TOOL CO.

6-17-1 Minami-ohi, Shinagawa-ku, Tokyo, Japan

Hiroshi Odaira President & COO

Notice of Resolutions passed by the 62nd Ordinary General Meeting of Shareholders

This is to notify you that the matters below were reported and resolved at the 62nd Ordinary General Meeting of

Shareholders of UNION TOOL CO. (hereinafter referred to as "the Company") held today.

Particulars

Matters reported:

• 1. Business Report and Consolidated Financial Statements for the 62nd Fiscal Year (January 1, 2022 to December 31, 2022) and the results of audits of the Consolidated Financial Statements by the Accounting Auditor and the Audit & Supervisory Board

• 2. Non-consolidated Financial Statements for the 62nd Fiscal Year (January 1, 2022 to December 31, 2022)

  The particulars of above matters were reported.

Proposals resolved:

Proposal 1: Appropriation of Surplus

The proposal was approved and adopted as proposed, and a year-end dividend shall be determined as ¥42 yen per share of common stock of the Company.

Proposal 2: Election of Six Directors

The proposal was approved and adopted as proposed. Six Directors, namely,

Takao Katayama, Hiroshi Odaira, Yuichi Nakajima, Yuji Watanabe,

Hiroki Yamamoto, Shozo Wakabayashi were elected, and all assumed the offices as Directors.

Proposal 3: Election of One Substitute Audit & Supervisory Board Member

The proposal was approved and adopted as proposed. Yoshihiko Kato was elected as Substitute Audit & Supervisory Board Member.

Proposal 4: Revision of the Amount of Remuneration for Directors and Audit & Supervisory Board Members The proposal was approved and adopted as proposed. The company decided to revise the stipulation of remuneration from monthly to annual and to revise the amount of remuneration for Directors to be within ¥500 million (including within ¥50 million for Outside Directors) per year. The company also decided to revise the total amount of remuneration for Audit & Supervisory Board Members to be within ¥80 million per year. As previously, the amount of remuneration for Directors shall not include the employee salaries payable.