Hokuhoku Financial : Convocation Notice of the 19th Ordinary General Meeting of Shareholders

This is a partial translation of the original Japanese "Convocation Notice of the 19th Ordinary General Meeting of Shareholders", prepared for the convenience of non-resident shareholders. In case of any discrepancy between any part of this translation and the original Japanese text, the Japanese 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.

Securities Code: 8377

June 1, 2022

Dear Shareholders:

Eishin Ihori

President

Hokuhoku Financial Group, Inc.

1-2-26Tsutsumicho-dori,Toyama-city, Toyama

Convocation Notice of the 19th Ordinary General Meeting of Shareholders

This is to inform you that the 19th Ordinary General Meeting of Shareholders of Hokuhoku Financial Group, Inc. ("the Company") will be held as described below.

If you are unable to attend the meeting, you may exercise your voting rights in writing or by electromagnetic method (using the Internet etc.). Please exercise voting rights after careful examination of the Reference Documents for the General Meeting of Shareholders contained herein by 5:00 p.m., Wednesday June 22, 2022.

1. Date and time: June 23, 2022 (Thursday) at 10:00 a.m.

2. Place:	6th floor Conference Room
	Head office of The Hokuriku Bank, Ltd.
	1-2-26Tsutsumicho-dori,Toyama-city, Toyama

3. Agenda:

Matters to be reported:

The 19th business year (April 1, 2021 through March 31, 2022) Business Report, the Non-Consolidated Financial Statements, the Consolidated Financial Statements, and the Audit Report on Consolidated Financial Statements by the Accounting Auditor and the Audit and Supervisory Committee.

Matters to be resolved:

Proposal 1: Appropriation of Surplus

Proposal 2: Partial Amendments to the Articles of Incorporation

Proposal 3: Election of Seven (7) Directors (Excluding Directors serving as Audit and Supervisory Committee Members)

Proposal 4: Election of a Director serving as Audit and Supervisory Committee Member

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4. Exercise of Voting Rights

1. If you attend the meeting, please present the enclosed Voting Rights Exercise Form to the reception desk.

If you wish to exercise your voting rights through a proxy, you must appoint only one

1. 1. proxy from shareholders with voting rights and submit a letter of attorney attached with the Voting Rights Exercise Form to the receptionist. Please note that non- shareholders such as accompanying persons and children cannot attend the meeting.
2. If you are unable to attend the meeting, please exercise voting rights by any of the following methods.

1. Exercise of Voting Rights in Writing

Please indicate your approval or disapproval of the proposals on the Voting Rights Exercise Form enclosed herewith, and send back to arrive by 5:00 p.m., Wednesday June 22, 2022.

No indication on the voting form of your approval or disapproval for any proposal shall be treated as an indication of approval.

1. Exercise of Voting Rights by Electromagnetic Method (using the Internet, etc.) Access the website for exercising voting rights specified by the Company (https://soukai.mizuho-tb.co.jp/)and exercise your voting rights by following the directions on the screen. Your voting rights are to be exercised by 5:00 p.m., Wednesday June 22, 2022.

In addition, on the occasion of exercise of voting rights via the Internet, please confirm "Guidance Notes on the Exercise of Voting Rights by the Internet" on page 3.

1. Treatment of voting rights exercised multiple times

1. If you send Voting Rights Exercise Form multiple times, the last vote cast shall be treated as the valid vote.
2. Should you exercise your voting rights by completing the Voting Rights Exercise Form and by using the designated electromagnetic method, the vote cast by electromagnetic method shall be deemed to be the valid vote regardless of the time the Voting Rights Exercise Form reaches us.
3. If you exercise your voting rights by electromagnetic method more than once, the last vote cast shall be the valid vote.

1. If any revisions are made to the Reference Documents for the Ordinary General Meeting of Shareholders, the Business Report, the Non-Consolidated Financial Statements and the Consolidated Financial Statements, the revisions will be posted on the Company website (https://www.hokuhoku-fg.co.jp/).
2. The reception desk opens at 9:15 a.m., Thursday June 23, 2022.

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Guidance Notes on the Exercise of Voting Rights by the Internet

1. Exercise of Voting Rights via the Internet

1. In substitution for exercise of voting rights in writing, you may exercise your voting rights via the Internet by accessing the website for exercising voting rights specified by the Company (the following URL). When exercising your voting rights via the Internet, you will be required to enter the "Code for the Exercise of Voting Rights" and the "Password" shown in the Voting Rights Exercise Form. Please follow the directions on the screen.
   Please note that you will be prompted to change password when you login following website for the first time, to ensure security.

https://soukai.mizuho-tb.co.jp/

(2)The "Code for the Exercise of Voting Rights" and the "Password" (including the password changed by shareholders) are valid for this general meeting only. Please note that new code and password will be issued for the next general meeting.

1. The password is means to authenticate shareholders. Please note that the Company does not and will not make any inquiries regarding your password.
2. The password is locked when you fail to input it correctly more than the predetermined times. When it is locked, please follow the guidance of the screen.

2. Attention

1. Please exercise your voting rights via the Internet by 5:00 p.m., June 22, 2022 (Wednesday).
2. Should you exercise your voting rights by completing the Voting Rights Exercise Form and by using the designated electromagnetic method, the vote cast by electromagnetic method shall be deemed to be the valid vote regardless of the time the Voting Rights Exercise Form reaches us. If you exercise your voting rights more than once, the last vote cast shall be the valid vote.
3. The costs incurred for the access to the specified website to exercise voting rights shall be borne by the shareholders.

3. For Inquiries with respect to the Exercise of Voting Rights via the Internet (only in Japan)

Stock Transfer Agency Department Mizuho Trust and Banking Co., Ltd.

Telephone: [phone](toll-free, only in Japan)

Operating Hours: 9:00 a.m. to 9:00 p.m. (excluding the New Year's holiday)

Reference: Exercise of Voting Rights via the electronic voting platform Institutional investors may use the electronic voting platform for institutional investors operated by Investor Communications Japan, Inc.

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Reference Documents

Proposal 1: Appropriation of Surplus

Our dividend policy is to ensure financial foundation and stable distribution of dividends, based on the public function of financial services that our group companies provide. We propose the year-end dividend of JPY35.00 per share for common shares, considering the business results of this fiscal year and accumulation of internal surplus preparing for the economic deterioration due to COVID-19, etc.

(1) Type of dividend property:	Cash
(2) Matters concerning the allocation and total amount of dividend property：
			(Dividend per share)	(Dividend amount)
	Common shares		¥35.00	¥4,478,392,380
	1st series Type 5 preferred shares	¥7.50	¥ 564,006,663
	Total			¥ 5,042,399,043

(Notes) There were no interim dividends for common shares in the end of 2nd quarter. Interim and year-end dividends for 1st series Type 5 preferred shares are JPY 7.50 per share respectively, as specified in advance. Interim dividend amount for 1st series Type 5 preferred shares is ¥ 644,579,040.

(3) Date on which dividends from surplus shall be effective: June 24, 2022(Friday)

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Proposal 2: Partial Amendments to the Articles of Incorporation 1. Reasons for amendments

1. In accordance with the amended provisions stipulated in the proviso to Article 1 of the Supplementary Provisions of the "Act for Partial Amendments of the Companies Act" (Act No. 70 of 2019), which will come into effect on September 1, 2022, a system for electronic provision of materials for general meetings of shareholders will be introduced. Therefore, the Company proposes to make the following necessary amendments to its Articles of Incorporation.
   A. Article 20 (Measures for electronic provision of information. etc.), paragraph 1 of the proposed amendments is to be newly established, as the Company will be obliged to stipulate in its Articles of Incorporation that it will take measures for electronic provision of information contained in reference documents for general meetings of shareholders, etc. B. Article 20 (Measures for electronic provision of information. etc.), paragraph 2 of the proposed amendments is to be newly established to allow the Company to limit the scope of matters to be stated in the documents for shareholders who have requested document delivery of information, which are contained in reference documents for general meetings of shareholders, etc., and for which measures for electronic provision of information are to be taken, as stipulated in the Ordinance of the Ministry of Justice.
   C. Article 20 (Disclosure of reference documents for general meetings of shareholders, etc., via the Internet) of the current Articles of Incorporation is to be deleted, as this provision will become unnecessary once the system for electronic provision of materials for general meetings of shareholders is introduced.
   D. Supplementary provisions are to be established concerning the effectiveness of the above newly established and deleted provisions. These supplementary provisions shall be deleted after the appropriate period has elapsed.
2. The Company proposes to make necessary amendment to Article 24, paragraph 2 of the Articles of Incorporation to prepare for the increase in the number of Directors serving as Audit and Supervisory Committee Members.

2. Details of amendments

The proposed amendments are as follows: (Amended parts are indicated by underlining)

Current Articles of Incorporation	Proposed Amendments
(Disclosure of reference documents for	(Deleted)
general meetings of shareholders, etc., via
the Internet)
Article 20. In convening a general meeting
of shareholders, the Company may deem
to have provided shareholders with
information pertaining to matters to be
specified or displayed in reference
documents for shareholders meeting,
business report, non-consolidated financial
statements, and consolidated financial
statements by disclosing it via the Internet
in accordance with the applicable
Ordinance of the Ministry of Justice.
(Newly established)	(Measures for electronic provision of
	information. etc.)
	Article 20. In convening a general meeting
	of shareholders, the Company shall take

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