Sinko Industries : NOTICE OF THE 74th 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. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

(Stock Exchange Code 6458)

June 8, 2023

To Shareholders with Voting Rights:

Satoshi Suenaga

Chief Executive Officer

SINKO INDUSTRIES LTD.

1-4-5 Minamimorimachi, Kita-ku, Osaka

NOTICE OF

THE 74th ANNUAL GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:

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

The 74th Annual General Meeting of Shareholders of SINKO INDUSTRIES LTD. (the "Company") will be held for the purposes as described below.

In convening the general meeting of shareholders, the Company has taken measures for electronic provision and matters to be provided electronically are posted on the website indicated below as "NOTICE OF THE 74th ANNUAL GENERAL MEETING OF SHAREHOLDERS."

The Company's website https://www.sinko.co.jp/skeng/ir/library/shareholders/

In addition to the above, matters to be provided electronically are also posted on the website indicated below.

Tokyo Stock Exchange (TSE) website (Listed Company Search) https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

Please access the above website, enter the Company's name "SINKO INDUSTRIES LTD." in the "Issue name (company name)" or the Company's securities code "6458" in the "Code" and click "Search," and click "Basic information," then select "Documents for public inspection/PR information," and refer to the information.

Instead of attending the meeting in person, you can exercise your voting rights in writing or through electromagnetic means (the Internet, etc.). Please review the Reference Documents for the General Meeting of Shareholders and exercise your voting rights no later than 6:00 p.m. on Thursday, June 22, 2023, Japan time.

1. Date and Time: Friday, June 23, 2023 at 10:00 a.m. Japan time (Reception opens at 9:00 a.m.)

2. Place:	Conference room, 5F of the Company located at
	1-4-5 Minamimorimachi, Kita-ku, Osaka

3. Meeting Agenda:

Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the

Company's 74th Fiscal Year (April 1, 2022 - March 31, 2023) and results of audits by the Accounting Auditor and the Audit and Supervisory Committee of the Consolidated Financial Statements

2. Non-consolidated Financial Statements for the Company's 74th Fiscal Year

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(April 1, 2022 - March 31, 2023)

Proposals to be resolved:

Proposal 1: Distribution of Surplus

Proposal 2: Election of 7 Directors (Excluding Directors Who Are Audit and Supervisory Committee Members)

Proposal 3: Election of 1 Substitute Director Who Is an Audit and Supervisory Committee Member

• When attending the meeting in person, submit the enclosed Exercise of Voting Rights form to the receptionist.
• Any revisions to the matters to be provided electronically will be posted on each of the websites on which these matters are posted.
• Based on the provisions of laws and regulations and Article 15 of the Company's Articles of Incorporation, the matters listed below are not included in the written documents sent to the shareholders who have requested the delivery of documents. Accordingly, such documents are part of the subject documents that were audited by the Audit and Supervisory Committee and Accounting Auditor in preparing the Audit Report.
• 1. Notes to Consolidated Financial Statements of the Consolidated Financial Statements
  2. Notes to Non-Consolidated Financial Statements of the Non-Consolidated Financial Statements
• Souvenirs will not be handed out to shareholders at the Company's General Meeting of Shareholders. We sincerely appreciate your understanding.

• We sincerely ask that shareholders take measures to prevent COVID-19 infection when attending the General Meeting of Shareholders after checking the status of the spread of the infection and their physical condition as of the date of the General Meeting of Shareholders.
• If there are any changes in the method of operation of the General Meeting of Shareholders, etc. due to future circumstances, we will post them on our website (https://www.sinko.co.jp/skeng/).

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Reference Documents for the General Meeting of Shareholders

Proposals and References

Proposal 1: Distribution of Surplus

While striving to strengthen its financial position and expand business operations, the Company will actively return profits to each shareholder with considerations made for business performance trends. Additionally, the Company will utilize retained earnings from a long-term perspective to strengthen its management structure and further develop its business in the future.

Under this policy, based on the performance trend of the current fiscal year, the year-end dividend for the fiscal year under review will be 37 yen per share, which represents an increase of 7 yen from the previous fiscal year.

Items Related to the Year-end Dividend

1. Type of dividend property Cash
2. Items related to the allocation of dividend property and its total amount 37 yen per common share, for a total of 942,411,793 yen
   (Notes) The annual dividend for the fiscal year under review including the interim dividend will be 57 yen per share, which represents an increase of 7 yen from the previous fiscal year.
3. Date the distribution of surplus comes into effect

June 26, 2023

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Proposal 2: Election of 7 Directors (Excluding Directors Who Are Audit and Supervisory Committee Members)

The terms of office of all 8 Directors (excluding Directors who are Audit and Supervisory Committee Members) will expire at the conclusion of this year's Annual General Meeting of Shareholders. Accordingly, the Company proposes the election of 7 Directors (excluding Directors who are Audit and Supervisory Committee Members) by decreasing the number of internal Directors by one in order to facilitate prompt decision-making at the Board of Directors.

The Audit and Supervisory Committee has determined that this proposal is appropriate, and confirmed that there are no additional matters to be stated.

The candidates are as follows:

No.	Name	Positions and responsibilities	Attendance at the Board	Gender
at the Company		of Directors meetings
1	Satoshi Suenaga	[Reappointment]	Chief Executive Officer	17 out	of	17	meetings	Male
(100%)
			Representative Director and
			Deputy	President	Chief	17 out	of	17	meetings
2	Tokuji Aota	[Reappointment]	Financial Officer		Male
	(100%)
			General	Manager	of
			Administration Division
			Director	and	Senior
3	Takenori Taniguchi	[Reappointment]	Executive Vice President	17 out	of	17	meetings	Male
General	Manager	of	(100%)
			Manufacturing Division
			Director	and	Senior
4	Tomoaki Fujii	[Reappointment]	Executive Vice President	17 out	of	17	meetings	Male
General	Manager	of	(100%)
			Corporate Planning Office
			Director and Executive Vice
5	Noriaki Michibata	[Reappointment]	President			17 out	of	17	meetings	Male
General	Manager of	Sales	(100%)
			Management Division
		[Reappointment]				17 out	of	17	meetings
6	Minako Adachi	[Outside]	Director			Female
		(100%)
		[Independent]
		[Reappointment]				17 out	of	17	meetings
7	Shinichi Hirano	[Outside]	Director			Male
		(100%)
		[Independent]

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	Name		Past experience, positions, responsibilities,		Number of
No.			shares of the
(Date of birth)		and significant concurrent positions
			Company held
		April 1984	Joined the Company
		April 2007	General Manager of Tokyo Branch
	Satoshi Suenaga	June 2008	Senior Vice President
	(March 8, 1962)	June 2013	Director and Senior Vice President	11,400
		April 2016	Director and Executive Vice President
1	[Reappointment]		General Manager of Corporate Planning Division
	June 2017	Director and Senior Executive Vice President
		June 2020	Chief Executive Officer (current position)
	[Reason for nomination]
	Mr. Satoshi Suenaga has been engaged in sales divisions in Japan and overseas since he joined the Company, and he has
	served as Chief Executive Officer of the Company since 2020. As he possesses a wealth of experience and track record in
	the Company's business operation, the Company nominated him as a candidate for Director.
		October 2011	General Manager of Meguro Branch, the Bank of
			Tokyo-Mitsubishi UFJ, Ltd. (currently, MUFG Bank, Ltd.)
		February 2014	Joined the Company
	Tokuji Aota		Vice General Manager of Administration Division
	July 2014	Senior Vice President
	(March 1, 1962)
	June 2015	Director and Senior Vice President	6,700
	[Reappointment]	June 2016	Chief Financial Officer, and General Manager of
		Administration Division (current position)
2
	June 2017	Director and Executive Vice President
		June 2020	Representative Director and Deputy President (current
			position)
	[Reason for nomination]
	As Mr. Tokuji Aota possesses a track record in, among others, the business operations related to accounting and finance
	and the business operations related to personnel and general affairs since he joined the Company, utilizing deep insight of
	finance and economy in general accumulated in his former job, the Company nominated him as a candidate for Director.
		April 1982	Joined OKAYAMA SINKO KOGYO CO., LTD. (currently,
			the Company)
		July 2007	Director; General Manager of Manufacturing Department I
		June 2013	Director and Executive Vice President
	Takenori Taniguchi		General Manager of General Affairs Department; General
	(February 20, 1962)		Manager of Manufacturing Management Department		12,700
		June 2016	Chief Executive Officer
	[Reappointment]	June 2017	Director of the Company
3		April 2020	Director and Senior Executive Vice President (current
			position)
			General Manager of Manufacturing Division (current
			position)

[Reason for nomination]

Mr. Takenori Taniguchi served as Chief Executive Officer of a subsidiary serving as the manufacturing division of the Group, from 2016. After the Company merged with the subsidiary, he has served as General Manager of Manufacturing Division. As he possesses a wealth of experience and track record in the business operation, the Company nominated him as a candidate for Director.

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