Chori : NOTICE OF THE 76TH ANNUAL GENERAL MEETING OF SHAREHOLDERS(1.2MB）

These documents have been translated from Japanese originals for reference purposes only.

In the event of any discrepancy between these translated documents and the Japanese originals, the originals shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damage arising from the translations.

(Securities Code 8014) May 31, 2023 (Date of commencement of electronic provision measures: May 25, 2023)

To Shareholders with Voting Rights:

Kazuo Sakihama

President, CEO & COO

Chori Co., Ltd.

1-7-3, Awajimachi, Chuo-ku, Osaka,

Japan

NOTICE OF

THE 76TH ANNUAL GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:

We are pleased to announce that the 76th Annual General Meeting of Shareholders of Chori Co., Ltd. (the "Company") will be held for the purposes as described below.

In convening this General Meeting of Shareholders, the Company has taken measures for electronic provision and thus posted the matters subject to electronic provision on the Company's website on the Internet as the "Notice of the 76th Annual General Meeting of Shareholders."

The Company's website: https://www.chori.co.jp/english/ir/

In addition to the above website, matters subject to electronic provision are also made available on the website of the Tokyo Stock Exchange (TSE). Please access the TSE website below, enter "CHORI" into "Issue name (company name)" or "8014" into "Code," and select "Basic information" and "Documents for public inspection/PR information" in that order to find "Notice of General Shareholders Meeting /Informational Materials for a General Shareholders Meeting" in the "Filed information available for public inspection" section.

TES website (Listed Company Search) https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

Please review the information in the Reference Documents for the General Meeting of Shareholders as stated below and submit your vote by no later than 5:30 p.m. on Thursday, June 15, 2023, with reference to the Guidance for Exercising Your Voting Rights described on pages 3 to 4.

Date and Time: Friday, June 16, 2023 at 10:00 a.m. Japan time (Reception opens at 9:30 a.m.)

Place:

Shinagawa Intercity Hall, located at 2-15-4, Konan, Minato-ku, Tokyo, Japan

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Agenda:

Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company's 76th Fiscal Year (April 1, 2022 - March 31, 2023) and results of audits of the Consolidated Financial Statements by the Accounting Auditor and the Audit & Supervisory Committee

2. Nonconsolidated Financial Statements for the Company's 76th Fiscal Year (April 1, 2022 - March 31, 2023)

Proposals to be resolved:

Proposal No. 1: Election of Five (5) Directors (Excluding Directors Who Are Audit & Supervisory Committee Members)

Proposal No. 2: Election of One (1) Substitute Director Who Is an Audit & Supervisory Committee Member

Proposal No. 3: Introduction of Performance-linked Stock Compensation Plan for Directors

• In the event of any revisions to the matters subject to electronic provision, the revised information will be posted on the respective websites where such matters are posted.
• The following matters are not included in the document delivered to the shareholders who requested the delivery of the document, pursuant to the provisions of laws and regulations and Article 16 of the Articles of Incorporation of the Company. Therefore, this document is a part of the documents audited by the Audit & Supervisory Committee and the Accounting Auditor in preparing the Audit Report.
• • Business Report: "Accounting Auditor" and "Company's Systems and Policies"
  • Consolidated Financial Statements: "Consolidated Statement of Changes in Equity" and "Notes to the Consolidated Financial Statements"
  • Nonconsolidated Financial Statements: "Nonconsolidated Statement of Changes in Equity" and "Notes to the Nonconsolidated Financial Statements"
• As for measures in response to the novel coronavirus disease (COVID-19), if there are any major changes to the operation of the General Meeting of Shareholders due to future circumstances, an announcement will be made on the Company's website. We would like to ask for your understanding and cooperation for your safety and health and the people around you.

The Company's website: https://www.chori.co.jp/english/ir/

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Guidance for Exercising Your Voting Rights

Please review the information in the Reference Documents for the General Meeting of Shareholders provided below and exercise your voting rights.

You can exercise your voting rights through any of the three methods set out below.

Exercising of Voting Rights by attending the General Meeting of Shareholders

Date and time of the General Meeting of Shareholders: Friday, June 16, 2023 at 10:00 a.m. Japan time

Please submit the enclosed Voting Rights Exercise Form at the reception desk of the venue. In addition, attendees are requested to bring the Notice of the 76th Annual General Meeting of Shareholders (this document) with them.

Exercise of Voting Rights in Writing

Deadline for the exercise of voting rights: Thursday, June 15, 2023 at 5:30 p.m. Japan time

Please indicate your vote for or against the proposals on the enclosed Voting Rights Exercise Form and return it to us by the deadline.

Exercise of Voting Right via the Internet

Deadline for the exercise of voting rights: Thursday, June 15, 2023 at 5:30 p.m. Japan time

Please access the Website for Exercising Voting Rights using a PC, smartphone or mobile phone to indicate your vote for or against the proposals.

Website for Exercising Voting Rights: https://soukai.mizuho-tb.co.jp/

For more information, please read the instructions on page 4.

• When exercising your voting rights by proxy, (1) a letter of attorney signed by the shareholder, the grantor, or with his/her signature and seal and (2) Voting Rights Exercise Form of the shareholder, the grantor, or other documents to confirm the identification of the shareholder, need to be submitted.
  A proxy is limited to one shareholder who owns the Company's Voting Rights as stipulated in the Articles of Incorporation of the Company.
• If there is no indication of your vote for or against each proposal when you exercise your voting rights in writing, the Company will deem that you have voted for the proposals.
• If you exercise your voting rights both via the Voting Rights Exercise Form and the Internet, the vote exercised via the Internet will be recognized as valid. If you exercise your voting rights several times via the Internet, only the final vote will be deemed valid.

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Guidance for Exercising your Voting Rights via the Internet

Scanning the QR Code "Smart Exercise"

1. Scan the QR code on the bottom right of your Voting Rights Exercise Form.
2. Please follow the instructions on the screen to indicate your vote for or against the proposals.

You can log in to the Website for Exercising Voting Rights without entering your voting rights exercise code or password.

You can only exercise your voting rights once using "Smart Exercise".

If you would like to change your votes after exercising your voting rights, please access the PC website and log in by entering the "voting rights exercise code" and "password" provided on the back of the right-hand side of your Voting Rights Exercise Form, and exercise your voting rights again.

*If you scan the QR code again, you can access the PC website.

Entering your voting rights exercise code and password

Website for Exercising Voting Rights URL: https://soukai.mizuho-tb.co.jp/

1. Access the Website for Exercising Voting Rights.
2. Enter the "voting rights exercise code" provided on your Voting Rights Exercise Form.
3. Enter the "password" provided on your Voting Rights Exercise Form.
4. Please follow the instructions on the screen to indicate your vote for or against the proposals.

Inquiries

• Contact information for PC related technical inquires
  Stock Transfer Agency Department, Mizuho Trust & Banking Co., Ltd. Internet related technical support
  Telephone: [phone] (Weekdays from 9:00 a.m. to 9:00 p.m.)
• Contact for other inquiries for stock-related administrative work Telephone: [phone] (Weekdays from 9:00 a.m. to 5:00 p.m.)

• The password serves as a tool to verify the voter's identity. Please be sure to keep it in a safe place until the conclusion of this General Meeting of Shareholders. We are unable to provide your password over the phone.
• If you enter the wrong password for a specified number of times in succession, the web page will be locked and become unusable. In this case, you need to follow the instructions on the screen to try again.
• Please understand that shareholder is solely responsible for any expenses incurred to connect to the Internet.
• The Company has tested and confirmed the operation of the Website for Exercising Voting Rights, using general Internet access devices, but certain types of devices may not be able to access the website.
• If you are an institutional investor, you may use the Electronic Voting System Platform for institutional investors operated by ICJ, Inc.

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Reference Documents for the General Meeting of Shareholders

Proposals and References

Proposal No. 1 Election of Five (5) Directors (Excluding Directors Who Are Audit & Supervisory Committee Members)

All of five (5) Directors (excluding Directors who are Audit & Supervisory Committee Members) of the Company will complete their terms of office at the conclusion of this General Meeting of Shareholders. Accordingly, the Company proposes the election of five (5) Directors (excluding Directors who are Audit & Supervisory Committee Members).

This proposal was determined by the Board of Directors after deliberation on the proposal by the Governance Committee, which is an advisory body for the Board of Directors. It was also reviewed by the Audit & Supervisory Committee, and no objection was raised.

The candidates for Directors (excluding Directors who are Audit & Supervisory Committee Members) are as follows:

No.		Name	(Age)	Term of	Current positions at the Company
	office
1	[Reappointment]	Kazuo Sakihama	(67 years old)	10 years	President, CEO & COO
President and Executive Officer
2	[Reappointment]	Tatsuyuki Sakoda	(58 years old)	1 year	Director
Managing Executive Officer
3	[Reappointment]	Kazuhiro Tohge	(62 years old)	5 years	Director
Executive Officer
4	[New appointment]	Kazuhiko Shuto	(65 years old)	0 year
	[Reappointment]
5	[Outside Director]	Hiroko Noda	(62 years old)	1 year	Outside Director
[Independent

Officer]

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