Atsugi : Partial Correction to the Notice of Convocation of the 97th Annual General Meeting of Shareholders

Securities code: 3529

June 17, 2023

To Shareholders:

Shinji Nikko

President

ATSUGI CO., LTD.

1-3-2, Ohyakita, Ebina-city

Kanagawa, Japan

Partial Correction to the Notice of Convocation of the 97th Annual General Meeting of Shareholders

ATSUGI CO., LTD. hereby announces the following corrections to the information contained in the "Notice of Convocation of the 97th Annual General Meeting of Shareholders," which was disclosed on June 8, 2023. We apologize for any inconvenience caused.

1. Item to be corrected
   Career summary of Candidate No. 5, Ms. Mari Yada, on page 8 of the Notice of Convocation of the 97th Annual General Meeting of Shareholders
2. Details of the corrections Corrected parts are underlined.

(Before corrections)

No.	Name	Career summary, positions, responsibilities,	Number of
shares of the
(Date of birth)		and significant concurrent positions
		Company held
		April 1984	Joined Nomura Research Institute, Ltd.
		July 1987	Joined Prudential-Bache Securities LLC, Japan
			Office
		August 1989	Joined Long-TermCredit Bank of Japan (LTCB)
			Research Institute, Inc.
		April 1997	Senior Researcher,Industrial Research
			Department of Long-TermCredit Bank of Japan
			(LTCB)Research Institute, Inc.
	Mari Yada	January 2000	Joined Nomura Securities Co., Ltd. (currently
		Nomura Holdings, Inc.)
	(March 9, 1962)
	January 2000	Senior Equity Analyst,Equity Research
	[New appointment]		Department,Financial Research Institute of	0 shares
		Nomura Securities Co., Ltd.
	[Outside]	July 2002	Senior Equity Analyst,Equity Research
	[Independent]		Department of Nomura Asset Management Co.,
			Ltd.
		July 2005	Senior Manager,Underwriting Credit Evaluation
5			Department of Nomura Holdings, Inc.
	December 2007 Managing Director,Industrial Innovation
			Research Department,Investment Banking
			BusinessCenter of Nomura Holdings, Inc.
		August 2012	Founded Office Yada (to present)

December 2012 Guest Researcher,Kinugasa Research

Organization,Ritsumeikan University

[Reason for nomination as candidate for Outside Director and expected roles]

Ms. Mari Yada has abundant experienceas a securities analyst,and as a corporate advisor, shehas insight

and work experiencein the field ofsupporting business strategy and financial strategysuch as M&As and

businessalliances including global negotiation. Shehas specialexpertise in establishingequity stories

from the investor's perspective, with an awareness of indicators such as capital cost andstock prices required for listed companies.

Based on her deep insightand work experience, the Company determined that she will appropriately supervise the Company's management from an independent position, and contribute to the Group's sustained growth and improvement of medium to long-term corporate value, and therefore, nominates her as a candidate for Outside Director.

(After corrections)

No.	Name	Career summary, positions, responsibilities,	Number of
shares of the
(Date of birth)	and significant concurrent positions
	Company held
		April 1984	Joined Nomura Research Institute, Ltd.
		July 1987	Joined Tokyo Branch ofPrudential-Bache
			Securities Co., Ltd.
		August 1989	Joined Long-termCredit Bank of Japan Research
			Institute, Inc.
		April 1997	Senior Researcher in theIndustrial Research
			Department of Long-termCredit Bank of Japan
			Research Institute, Inc.
		January 2000	Joined Nomura Securities,Co., Ltd. (currently
			Nomura Holdings, Inc.)
	Mari Yada	January 2000	Senior Equity Analyst in theEquity Research
		Department of theFinancial Research Center in
	(March 9, 1962)
		Nomura Securities,Co., Ltd.
	[New appointment]	July 2002	Senior Equity Analyst in theEquity Research	0 shares
		Department of Nomura Asset Management Co.,
	[Outside]		Ltd., the Investment Management Division of
	[Independent]	July 2005	Nomura Holdings, Inc.
		Senior Manager in theUnderwriting Credit
			Evaluation Department of Nomura Securities, Co.,
5			Ltd. in NomuraHoldings, Inc.
	December 2007	Managing Director in theIndustrial Innovation
			Research Department of theInvestment. Banking
			Center of Nomura Securities, Co., Ltd. in Nomura
			Holdings, Inc.
		August 2012	Founded her own company, "Office Yada" and
			became the president(to present)
		December 2012	Guest Research Scholar inKinugasa Research
			Organization ofRitsumeikan University

[Reason for nomination as candidate for Outside Director and expected roles]

Ms. Mari Yada has abundant experiencesas a securities analyst and an investment banker. Shehas knowledge

and work experiencesin different capital markets for many years, and has beensupporting formulation of corporate strategiessuch as M&As and alliances, that of financial strategies of various companies and IPOs for unlisted companiesincluding global negotiation. Therefore, shehas superiorexpertise in constructing various companies' "equity stories." "Equity story" is each company's growth strategy producing rise of stock price and is extremely important for implementing management that is conscious of cost of capital andstock price.

Based on her deep knowledgeand extensivework experiences in the capital market, the Company determined

that she will appropriately supervise the Company's management from an independent position, and contribute to the Group's sustained growth and improvement of medium to long-term corporate value, and therefore, nominates her as a candidate for Outside Director.

End of Document