Konoike Transport : Notice of the 83rd Annual General Meeting of Shareholders

Note: This document has been translated from a part of 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.

Securities Code: 9025 Date issued: May 31, 2023 Start date of measures for electronic provision: May 30, 2023

To our shareholders:

Tadahiko Konoike

Representative Director, Chairman, President and Chief Executive Officer

Konoike Transport Co., Ltd.

4-3-9 Fushimimachi, Chuo-ku, Osaka

Notice of the 83rd Annual General Meeting of Shareholders

We are pleased to announce the 83rd Annual General Meeting of Shareholders of Konoike Transport Co., Ltd. (the "Company"), as stated below.

When convening this general meeting of shareholders, the Company takes measures for providing information that constitutes the content of reference documents for the general meeting of shareholders, etc. (matters for which measures for providing information in electronic format are to be taken) in electronic format, and posts this information as "Notice of the 83rd Annual General Meeting of Shareholders" on the internet. Please access any of the following websites by using the internet addresses shown below to review the information.

The Company's website: https://www.konoike.net/ir/meeting/ (in Japanese)

Website for posted informational materials for the general meeting of shareholders: https://d.sokai.jp/9025/teiji/ (in Japanese)

In addition to posting matters subject to measures for electronic provision on each website above, the Company also posts this information on the website of Tokyo Stock Exchange, Inc. (TSE). To access this information from the latter website, access the TSE website (Listed Company Search) by using the internet address shown below, enter the issue name (company name) "Konoike Transport," or securities code "9025" (single-byte), and click "Search," and then click "Basic information" and select "Documents for public inspection/PR information."

TSE website: https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

If you are unable to attend the meeting in person, you can exercise your voting rights on the Internet or in writing. In this case, please review the Reference Documents for General Meeting of Shareholders and exercise your voting rights according to the instructions below no later than 5:45 p.m. on Wednesday, June 21, 2023 (JST).

1. Date and Time: Thursday, June 22, 2023, 10 a.m. (reception opens at 9 a.m.) (JST)
2. Venue: Main Conference Room, Osaka Head Office of the Company

2nd Floor, HK Yodoyabashi Garden Avenue 4-3-9 Fushimimachi, Chuo-ku, Osaka

3. Purpose of the Meeting Matters to be reported:

1. Business Report, Consolidated Financial Statements, and report on the result of the audit by the Financial Auditor and the Audit & Supervisory Board on Consolidated Financial Statements for the 83rd fiscal year (from April 1, 2022 to March 31, 2023)
2. Non-consolidatedFinancial Statements for the 83rd fiscal year (from April 1, 2022 to March 31, 2023)

Matters to be resolved:

Proposal

Election of Five Directors

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• In accordance with the provisions of laws and regulations and Article 14, paragraph 2 of the Company's Articles of Incorporation, the following matters are excluded from the paper-based documents delivered to shareholders who have made a request for delivery of such documents.
• 1. Matters related to ensuring appropriateness of business operations (2) Consolidated statements of changes in net assets from

Consolidated Financial Statements (3) Notes to Consolidated Financial Statements (4) Statements of changes in net assets from Non-consolidated Financial Statements (5) Notes to Non-consolidated Financial Statements

Accordingly, the Business Report, Consolidated Financial Statements, and Non-consolidated Financial Statements included in the paper-based documents are parts of the Business Report, Consolidated Financial Statements, and Non-consolidated Financial Statements audited when the financial auditor or Audit & Supervisory Board Members create a financial audit report or audit report.

• If revisions to the matters subject to measures for electronic provision arise, a notice of the revisions and the details of the matters before and after the revisions will be posted on the websites on page 1.
• Notwithstanding any requests for the delivery of paper-based documents, the Company will uniformly send paper-based documents including matters for which measures for providing information in electronic format are to be taken.

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Reference Documents for General Meeting of Shareholders

Proposal

Election of Five Directors

The terms of office of all five Directors will expire at the conclusion of this meeting. Therefore, the Company proposes the election of five Directors, including three external Directors.

This proposal was approved at the Board of Directors meeting after its details were reported by the Personnel and Remuneration Committee, an advisory body to the Board of Directors chaired by an independent external Director. The candidates for Director are as follows:

	Candidate No./Name		Current Position and Responsibility in the Company
				Chairman of the Board of
			Representative Director,	Directors
1	Tadahiko Konoike	Reelection	Chairman, President and Chief	Human Resources and
			Executive Officer	Compensation
				Committee member
				In charge of International
2	Tadatsugu Konoike	Reelection	Director and Senior Managing	Business
Executive Officer	In charge of Technology
				Innovation
		Reelection		Human Resources and
3	Yoshihito Ota	External	External Director
Independent	Compensation Committee chair
		Director
		Reelection		Human Resources and
		External
4	Mika Masuyama	External Director	Compensation Committee
Independent
			member
		Director
		Reelection		Human Resources and
5	Taisuke Fujita	External Director	Compensation Committee
External
			member

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Candidate	Name	Career summary, position and responsibility in the Company	Number of the
Company's shares
No.	(Date of birth)	(Significant concurrent positions outside the Company)
owned
		Apr. 1976	Joined Konoike Construction Co., Ltd.
		Apr. 1981	Joined the Company
		Dec. 1983	Managing Director
		Dec. 1987	Senior Managing Director
	Tadahiko Konoike	Dec. 1989	Representative Director and Vice President
	(November 7, 1953)	June 2003	Representative Director and President
	Reelection	Apr. 2018	Representative Director & President and Chief	2,575,410 shares
		Executive Officer
	[Attendance of Board of	Apr. 2021	Representative Director & President and Chief
	Directors Meetings]		Executive Officer
1	17/17 (100%)	June 2021	Representative Director, Chairman, President
			and Chief Executive Officer (current position)
		(Significant concurrent positions outside the Company)
		Representative Director and Vice President of Osaka Port
		Synthesis Distribution Center, Ltd.
	[Reasons for nomination as candidate for Director]
	Tadahiko Konoike has considerable experience and a proven track record of business management as the
	Representative Director of the Company over many years. Also, he has demonstrated excellent leadership as the
	President since 2003 to improve the corporate value of the Group.
	The Company proposes his reelection as Director, having judged that he will fulfill his duties to improve the medium-
	to long-term corporate value of the Company.
		Apr. 2006	Joined Sumitomo Mitsui Banking Corporation
		Apr. 2013	Joined the Company
		July 2014	General Manager of Corporate Planning
			Division
		Apr. 2016	Executive Officer
		Apr. 2017	Managing Executive Officer
	Tadatsugu Konoike	June 2017	Director and Managing Executive Officer
	Apr. 2018	Director and Senior Managing Executive
	(November 30, 1982)
		Officer
	Reelection	Apr. 2019	Director and Senior Managing Executive	1,623,444 shares
		Officer, New Business Development
	[Attendance of Board of
		Administrator, Executive General Manager of
	Directors Meetings]
		New Business Development Division
2	17/17 (100%)
Apr. 2021	Director and Senior Managing Executive
			Officer, Chief International Officer and Chief
			Technology Innovation Officer
		Apr. 2022	Director and Senior Managing Executive
			Officer, Officer in charge of International
			Business and Technology Innovation (current
			position)
	[Reasons for nomination as candidate for Director]
	Tadatsugu Konoike has considerable experience and a proven track record through his practical experience at a
	financial institution, and also in the corporate planning division and international logistics business of the Company. He
	is currently formulating and executing medium to long-term business strategies as the officer in charge of the
	international business division and technology innovation division.
	The Company proposes his reelection as Director, having judged that he will fulfill his duties to improve the medium-
	to long-term corporate value of the Company.

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Candidate	Name	Career summary, position and responsibility in the Company	Number of the
Company's shares
No.	(Date of birth)	(Significant concurrent positions outside the Company)
owned
		Apr. 1978	Joined KYOCERA Corporation
		June 2003	Executive Officer
	Yoshihito Ota	June 2010	Director and Managing Executive Officer
	(June 26, 1954)	Dec. 2010	Senior Managing Executive Officer of Japan
			Airlines Co., Ltd.
	Reelection	Dec. 2015	Chairman of KYOCERA Communication
	External		Systems Co., Ltd.	0 shares
	Independent Director	Apr. 2017	Advisor
	[Attendance of Board of	June 2018	External Director of the Company (current
	Directors Meetings]		position)
3	17/17 (100%)	Sept. 2019	Chairman of MTG Co., Ltd.
	[Tenure as external Director]	Dec. 2019	Director and Chairman of MTG Co., Ltd.
	5 years		(current position)
		(Significant concurrent positions outside the Company)
		Director and Chairman of MTG Co., Ltd.
	[Reasons for nomination as candidate for external Director and expected roles]
	Yoshihito Ota has been providing objective advice to the Company on overall operations based on his deep
	discernment, extensive experience, and superior abilities nurtured through serving as a corporate manager and an
	executive in wide-ranging industries and organizations.
	The Company proposes his reelection as external Director, expecting that he will provide supervision and advice on the
	execution of Directors' duties, based on his knowledge and experience.
		Apr. 1985	Joined the Bank of Japan
		Sept. 1991	International Marketing Director of Cap
			Gemini Sogeti
		Nov. 1992	Senior Consultant of Gemini Consulting Japan
		June 1997	Joined Egon Zehnder
	Mika Masuyama	Jan. 2004	Partner
	(January 6, 1963)	Oct. 2016	President and Representative Partner of
			Masuyama & Company LLC (current position)
	Reelection	Mar. 2017	Outside Director (Audit and Supervisory
	External		Committee Member) of Suntory Beverage &	0 shares
	Independent Director		Food Limited (current position)
	[Attendance of Board of	Mar. 2019	Outside Director of KOKUYO Co., Ltd.
	Directors Meetings]		(current position)
4	17/17 (100%)	June 2019	External Director of the Company (current
	[Tenure as external Director]		position)
	4 years	(Significant concurrent positions outside the Company)
		President and Representative Partner of Masuyama & Company
		LLC
		Outside Director (Audit and Supervisory Committee Member)
		of Suntory Beverage & Food Limited
		Outside Director of KOKUYO Co., Ltd.
	[Reasons for nomination as candidate for external Director and expected roles]
	Mika Masuyama possesses extensive experience and discernment in corporate governance, human resources and
	organizations, and M&A, as well as global knowledge of business management and economics. She has also been
	providing specialist advice for further strengthening the Company's corporate governance.
	The Company proposes her reelection as external Director, expecting that she will provide supervision and advice on
	the execution of Directors' duties, based on her knowledge and experience.

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