Toagosei : Resolutions of the 111th Ordinary General Meeting of Shareholders

Note: This document has been translated from 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 4045)

March 28, 2024

To Shareholders:

Mikishi Takamura

President and Representative Director

Toagosei Co., Ltd.

1-14-1 Nishi-Shimbashi, Minato-ku, Tokyo

RESOLUTIONS OF

THE 111TH ORDINARY GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:

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

The following matters were reported and resolved at the 111th Ordinary General Meeting of Shareholders of Toagosei Co., Ltd. (the "Company").

Matters reported:

1. Business Report, Consolidated Financial Statements for the Company's 111th Fiscal Year

(January 1, 2023 - December 31, 2023) and results of audits of the Consolidated Financial Statements by the Accounting Auditors and the Audit and Supervisory Committee

2.

Non-consolidated Financial Statements for the Company's 111th Fiscal Year (January 1, 2023 - December 31, 2023)

The contents of the documents were reported as described above.

Proposals resolved:

Proposal 1: Appropriation of Surplus The year-end dividend was set to the amount of ¥33 per share.

Proposal 2: Election of Eight (8) Directors (excluding Directors who act as Audit and Supervisory Committee Members)

Five (5) Directors, Mikishi Takamura, Hidenori Kobuchi, Taizo Serita, Yuichiro Mori and Takashi Kato were re-elected, and three (3) Directors, Etsuzo Marumoto, Shoji Takayama and Masahiko Ito were newly elected, and assumed their respective offices.

Proposal 3: Election of Three (3) Directors who act as Audit and Supervisory Committee Members

One (1) Director who acts as Audit and Supervisory Committee Member, Nobuhiko Takano was re-elected, and two (2) Directors who act as Audit and Supervisory Committee Members, Yoshihito Takahashi and Toshiyuki Teramoto were newly elected, and assumed their respective offices.

1

Pursuant to the resolution of the Board of Directors meeting held after the Ordinary General Meeting of Shareholders, the members of the Board of Directors are as follows.

President and Representative Director	Mikishi Takamura
Vice President and Representative Director	Hidenori Kobuchi
Director	Taizo Serita
Director	Etsuzo Marumoto
Director	Shoji Takayama
Outside Director	Yuichiro Mori
Outside Director	Takashi Kato
Outside Director	Masahiko Ito
Director (Audit and Supervisory Committee Member)	Yoshihito Takahashi
Outside Director (Audit and Supervisory Committee Member)	Nobuhiko Takano
Outside Director (Audit and Supervisory Committee Member)	Kiyoko Ishiguro
Outside Director (Audit and Supervisory Committee Member)	Masahiko Yasuda
Outside Director (Audit and Supervisory Committee Member)	Toshiyuki Teramoto
2