Notice Regarding Partial Amendments of the Articles of Incorporation

Note: This English document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.
Tosei Corporation assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

To whom it may concern

January 25, 2018

Tosei Corporation
Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo
President and CEO: Seiichiro Yamaguchi
Securities code: 8923 (Tokyo Stock Exchange, First Section)
S2D (Singapore Exchange, Mainboard)
Contact: Director and CFO: Noboru Hirano
TEL: +81-3-3435-2865

 Notice Regarding Partial Amendments of the Articles of Incorporation

Tosei Corporation (the “Company”) hereby announces that it has resolved at the Board of Director meeting held on January 25, 2018 to submit a proposal regarding partial amendments of the Articles of Incorporation to the 68th Ordinary General Meeting of Shareholders scheduled on February 27, 2018

  1. 1.Reasons for amendments

    In order to increase the number of Directors with an eye to perpetual growth in the future and the enhancement of governance that supports such growth, Article 19 (Number of Directors) of the
    current Articles of Incorporation shall be amended.

  2. 2.Details of amendments

    Details of amendments are as follows:

    (Changes are underlined.)

    Current Articles of IncorporationProposed amendments
    Articles 1. – 18. (Omitted) Articles 1. – 18. (Unchanged)
    Article 19. Number of Directors
    The number of directors of the Company shall be six (6) or less.
    Article 19. Number of Directors
    The number of directors of the Company shall be ten (10) or less.
    Articles 20. – 47. (Omitted) Articles 20. – 47. (Unchanged)
  3. (Note) Some underlining does not coincide with the Japanese version because of translation adjustments.
  4. 3.Schedule
    Date of General Meeting of Shareholders to Amend the Articles of Incorporation: February 27, 2018 (Tue)
    Effective Date: Same as above

End