Z : Partial Amendment to the Notice of the 27th Ordinary General Meeting of the Shareholders（2022/6/28）

June 28, 2022

To our shareholders

Z Holdings Corporation Kentaro Kawabe

President and Representative Director, Co-CEO Stock Code: 4689

Partial Amendments to

the Notice of the 27th Ordinary General Meeting of the Shareholders

This is to inform you that there are partial amendments to the Notice of the 27th Ordinary General Meeting of the Shareholders of Z Holdings Corporation (the "Company") due to the emergence of matters requiring corrections. The Company apologizes for any inconvenience caused. Details are as follows. (The amended parts are underlined.)

Please note that the Notice of the 27th Ordinary General Meeting of the Shareholders in the Company's website has been revised to reflect these amendments.

Page 9 Reference Material for the General Meeting of the Shareholders

Proposal 2: Election of Six (6) Directors (Excluding Those Serving on the Audit and Supervisory Committee)

Candidate 2 Takeshi Idezawa

(Before)

Name	Number of Board of Directors meetings attended
Takeshi Idezawa	16out of 17

(After)

Name	Number of Board of Directors meetings attended
Takeshi Idezawa	17out of 17

1

Page 55 Business Report* 2 Company's shares 3. Number of shareholders *The Business Report was provided only in Japanese

(Before)

223,778 3. Number of shareholders (Increasedby 23,623 compared to the end of previous fiscal year)

(After)

223,778

3. Number of shareholders (Decreasedby 23,623 compared to the end of previous fiscal year)

2

Disclaimer

This is an English translation of the captioned release. This translation is prepared and provided for the purpose of the reader's convenience. All readers are recommended to refer to the original version in Japanese of the release for complete information.