On February 7, 2023, Nagahori Corporaiton, formally announced to the Shareholders that the Extraordinary General Meeting "EGM" will be held on Thursday, March 16, 2023 at 10:00 am., and the record date for exercising voting rights will be February 14, 2023. Apart from the Company's proposals, the Shareholders Proposal outline is as follows: Proposal No. 2 Dismissal of Director Keita Nagahori, Proposal No.

3 Dismissal of Director Masafumi Ago, Proposal No. 4 Dismissal of Director Fumihiko Shirakawa, Proposal No. 5 Dismissal of Director Tadao Kawamura, Proposal No.

6 Dismissal of Director Naoki Togashi, Proposal No. 7 Dismissal of Director Shinya Nagasawa, Proposal No. 8 appointment of 4 Directors: Tomonari Obata, Ayana Sato, Katsuji Sugawara, and Takaaki Yoshizawa.

Additionally, the Company opposes the election of these 4 director candidates because consider that not qualified to resolve the Company's current management issues.