Chugoku Marine Paints : Notice of Resolutions of the 126 th Annual General Meeting of Shareholders

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

June 22, 2023

To Shareholders:

Kenshi Date

Representative Director and President

Chugoku Marine Paints, Ltd.

1-7,Meiji-Shingai,Otake-Shi, Hiroshima

NOTICE OF RESOLUTIONS OF

THE 126TH ANNUAL GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:

We would like to express our appreciation for your continued support and patronage.

Chugoku Marine Paints, Ltd. (the "Company") hereby announces that the following matters were reported and resolved at the 126th Annual General Meeting of Shareholders held today.

Matters reported: 1. The Business Report, Consolidated Financial Statements for the Company's 126th Fiscal Year (April 1, 2022 - March 31, 2023) and results of audits by the Accounting Auditor and the Board of Corporate Auditors of the Consolidated Financial Statements

2. Non-consolidated Financial Statements for the Company's 126th Fiscal Year (April 1, 2022 - March 31, 2023)

The Company reported the foregoing matters to the shareholders present at the meeting.

Proposals resolved:

Proposal 1: Appropriation of Surplus

The proposal was approved and resolved as originally proposed, and the year-end dividends were determined to be ¥18 per share.

Proposal 2: Election of 6 Directors

The proposal was approved and resolved as originally proposed. Mr. Kenshi Date, Mr. Hideyuki Tanaka, Mr. Katsunori Kobayashi, Mr. Takao Shimizu, Mr. Toshifumi Inami and Ms. Akiko Monden were elected as Directors, and they assumed their respective offices.

Mr. Toshifumi Inami and Ms. Akiko Monden are Outside Directors.

Proposal 3: Election of 2 Corporate Auditors

The proposal was approved and resolved as originally proposed. Mr. Atsushi Ushida and Mr. Tetsuji Nakamura were elected as Corporate Auditors, and they assumed their respective offices.

Mr. Tetsuji Nakamura is an Outside Corporate Auditor.

Proposal 4: Election of 1 Substitute Corporate Auditor

The proposal was approved and resolved as originally proposed. Mr. Takanori Araikawa was elected as a Substitute Corporate Auditor.

End