Fujitec Co., Ltd.: Additional Explanatory Material Regarding Our Position on the Extraordinary General Meeting of Shareholders

Rhea-AI Summary

Fujitec Co., Ltd. announced its resolutions for the Extraordinary General Meeting of Shareholders scheduled for February 24, 2023. The Board of Directors approved a proposal aimed at enhancing governance, while opposing all other shareholder proposals. This disclosure was made to address concerns from shareholders regarding the agenda items. Further details are available in the document titled 'Notice Concerning the Board of Directors' Position on the Agenda Item'. This decision underscores Fujitec's commitment to governance improvement as they navigate shareholder interests and proposals.

Positive

• Approval of governance improvement proposal by the Board of Directors.

Negative

• Opposition to all other shareholder proposals may indicate conflicts with shareholder interests.

HIKONE, Japan--(BUSINESS WIRE)-- Fujitec Co., Ltd. (TOKYO:6406):

With regard to agenda items to be put forward at the Extraordinary General Meeting of the Shareholders, to be held February 24, 2023, and as described in the document “Notice Concerning the Board of Directors' Position on the Agenda Item to be Submitted by the Company and the Agenda Items Proposed by a Shareholder for the Upcoming Extraordinary General Meeting of the Shareholders,” dated January 20, 2023, the Board of Directors at Fujitec resolved to approve the Company’s proposal (Proposal 1) to improve governance by the Board of Directors and to oppose all other shareholder proposals.

This disclosure today is meant to convey our thoughts on issues of concern to Fujitec shareholders brought to our attention in conversations with them on the topic of the Extraordinary General Meeting of the Shareholders.

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Additional explanatory material regarding our position on the extraordinary general meeting of shareholders

View source version on businesswire.com: https://www.businesswire.com/news/home/20230210005174/en/

Fujitec Co., Ltd.

ir@jp.fujitec.com

Source: Fujitec Co., Ltd.

FAQ

What is the date for Fujitec's Extraordinary General Meeting of Shareholders?

The Extraordinary General Meeting of Shareholders for Fujitec is scheduled for February 24, 2023.

What governance proposal was approved by Fujitec's Board of Directors?

Fujitec's Board of Directors approved a proposal aimed at improving governance at the Extraordinary General Meeting.

Which shareholder proposals did Fujitec oppose?

Fujitec's Board of Directors opposed all other shareholder proposals at the upcoming Extraordinary General Meeting.

What document describes Fujitec's position on the shareholder proposals?

The document titled 'Notice Concerning the Board of Directors' Position on the Agenda Item' outlines Fujitec's position on the shareholder proposals.

What company is represented by the stock symbol FJTCY?

The stock symbol FJTCY represents Fujitec Co., Ltd.