On May 14, 2024, Keihanshin Building Co., Ltd. announced in its press release that it had decided to oppose the shareholder proposals by Strategic Capital Inc. The proposals are as follows, (i) Amendment to the Article of Incorporation regarding formulation and disclosure of plan to aim for more than 1 PBR, (ii) Method of determining the amount of remuneration for each individual director. The company opposes these proposals for the following reasons, (i) The Company believes that these proposals are not suitable for inclusion in the Articles of Incorporation, (ii) The company believes that the compensation system linked to the stock price is functioning adequately.