On April 4, 2022, Strategic Capital, Inc. announced that it has submitted a notification with the purpose of performing important proposal actions according to circumstances. The following are the details of the proposals: (i) Election of Tusyoshi Maruki as director, who is not a member of the Audit and Supervisory Committee beacause Stratec Capital consider that the Company are aware of the problem of the Wakita & Co., LTD.'s stock price remaining below its dissolution value for a long time and are keen on increasing shareholder value through management based on the cost of capital. Tsuyoshi Maruki is a candidate based on the expectation, he can contribute to the enhancement of the Company's shareholder value through his knowledge on capital markets gained from working at Nomura Securities Co., Ltd. and through his continued experience as a representative director and investment manager, (ii) Appropriation of surplus: In case Earnings Per Share rounded down to the nearest integer in the 62nd fiscal period is different from 67 Yen, 67 Yen in the previous paragraph shall be replaced with actual Earnings Per Share.

In the event that a proposal of the Company's retained earnings is made at the 62nd Annual General Meeting of Shareholders, this proposal will be made as an independent and compatible proposal with said proposal, (iii) Revision of the provisions of articles with regard to disclosure of cost of capital: Article 37, The Company shall disclose, in the Corporate Governance Report which it submits to the Tokyo Stock Exchange, its Weighted Average Cost of Capital and its basis of calculation which it comprehends at the point of within 1 month before the submittal of the Corporate Governance Report, (iv) Revision of the provisions of articles with regard to disclosure of individual remuneration of directors with representative authority: Article 38, The Company shall disclose, in the Corporate Governance Report which it submits to the Tokyo Stock Exchange, the amount paid as remuneration to representative director in the previous fiscal year "including non-monetary remuneration", and (v) Revision of the provisions of articles with regard to cross-shareholdings. Article 39, In order to examine whether the holding of cross-shareholdings is fulfilling its purpose of “maintaining and strengthening business relationships”, the Company shall, at least once a year, inform the issuer of the cross-shareholdings of its intention to sell the said shares.