Mitsubishi Heavy Industries : Notice of Resolutions of The 98th Annual General Meeting of Shareholders (173 KB)

(Note) This is a translation of the official Japanese original for reference purpose only. In the event of any discrepancy between this translation and the official Japanese original, the Japanese original shall prevail.

June 29, 2023

To the Shareholders:

Seiji Izumisawa, President and CEO

Mitsubishi Heavy Industries, Ltd.

2-3, Marunouchi 3-chome,

Chiyoda-ku, Tokyo

NOTICE OF RESOLUTIONS

OF

THE 98TH ANNUAL GENERAL MEETING OF SHAREHOLDERS

This is to notify you that the following matters were reported or resolved at the 98th Annual General Meeting of Shareholders of Mitsubishi Heavy Industries, Ltd. ("MHI") held today.

Matters Reported:

Item No. 1: Business Report, Consolidated Financial Statements for the 2022 fiscal year (from April 1, 2022 to March 31, 2023), and Audit Report on the Consolidated Financial Statements by the Financial Auditor and Audit and Supervisory Committee

Item No. 2: Non-consolidated Financial Statements for the 2022 fiscal year (from April 1, 2022 to March 31, 2023)

The contents of the above-mentioned matters were duly reported.

Matters Resolved:

Proposal No. 1: Appropriation of Surplus

The appropriation of surplus was approved and resolved as originally proposed. As a result, the year-end dividend was set at ¥70 per share.

Proposal No. 2: Election of 7 Directors (Excluding Directors Who Are Serving as Audit and Supervisory Committee Members)

As originally proposed, each of the following persons was elected to the

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position of Director:

Mr. Shunichi Miyanaga, Mr. Seiji Izumisawa, Mr. Hitoshi Kaguchi, Mr. Hisato Kozawa, Mr. Ken Kobayashi, Mr. Nobuyuki Hirano, and Mr. Mitsuhiro Furusawa.

All of them have assumed this position.

Proposal No. 3: Election of 4 Directors Who Are Serving as Audit and Supervisory Committee Members

As originally proposed, each of the following persons was elected to the position of the said Director:

Mr. Setsuo Tokunaga, Mr. Hiroo Unoura, Ms. Noriko Morikawa, and Ms. Masako Ii.

All of them have assumed this position.

Proposal No. 4: Election of 1 Substitute Director Who Is Serving as an Audit and Supervisory Committee Member

As originally proposed, Mr. Nobuhiro Oka was elected to the position of substitute Director who is serving as an Audit and Supervisory Committee Member.

(End)

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[REFERENCE]

New Lineup of Directors (Member of the Board) of MHI (as of June 29, 2023)

Chairman	Shunichi Miyanaga
*President and CEO	Seiji Izumisawa
*Director, Senior Executive Vice President	Hitoshi Kaguchi
*Director, Executive Vice President	Hisato Kozawa
Director	Ken Kobayashi
Director	Nobuyuki Hirano
Director	Mitsuhiro Furusawa
Director, Full-time Audit and Supervisory Committee Member	Setsuo Tokunaga
Director, Full-time Audit and Supervisory Committee Member	Ryutaro Takayanagi
Director, Audit and Supervisory Committee Member	Hiroo Unoura
Director, Audit and Supervisory Committee Member	Noriko Morikawa
Director, Audit and Supervisory Committee Member	Masako Ii

(Notes) 1. An asterisk mark (*) indicates a Representative Director.

1. Mr. Ken Kobayashi, Mr. Nobuyuki Hirano and Mr. Mitsuhiro Furusawa, each a Director, and Mr. Hiroo Unoura, Ms. Noriko Morikawa and Ms. Masako Ii, each a Director who is serving as an Audit and Supervisory Committee Member, are outside directors as defined in Article 2, item (xv) of the Companies Act.
2. MHI has submitted notifications, specifying all MHI's outside directors as independent directors, to Tokyo Stock Exchange, Inc. and other listed financial instruments exchanges in Japan.

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