Descente : Notice of Resolution of the 67th annual General Meeting of Shareholders〔80KB〕

This is an English translation of the original Japanese-language press release dated June 13, 2024 and is provided for reference purposes only. Readers are advised that the Company does not guarantee the accuracy of the content contained in this report. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.

(Security Code: 8114)

June 13, 2024

To Our Shareholders:

NOTICE OF RESOLUTION OF THE 67TH ANNUAL GENERAL MEETING OF SHAREHOLDERS

DESCENTE LTD. (the "Company") is pleased to inform that the matters noted below were reported and resolved at the 67th Annual General Meeting of Shareholders held on June 13, 2024.

Items Reported:

1. Business Report, Consolidated Financial Statements for the 67th Business Term (from April 1, 2023 to March 31, 2024)
2. Audit Report on concerning the Consolidated Financial Statements for the 67th Business Term by the Accounting Auditor and the Audit Board

The above items were reported at the meeting.

Items Resolved:

Item 1: Appropriation of Retained Earnings

The item was approved as proposed.

Item 2: Election of Seven (7) Directors

The item was approved as proposed. Seven directors, namely, Shuichi Koseki, Masahiro Morofuji, Motonari Shimizu, Takeshi Shimada, Yasuyo Kasahara, Koichi Yoshioka, Miho Takizawa were elected and appointed as Directors. Messrs. Yasuyo Kasahara, Koichi Yoshioka and Miho Takizawa are Outside Directors.

Item 3: Election of Two (2) Auditors

The item was approved as proposed. Two auditors, namely, Akira Matsumoto and Norihiro Kakita were elected and appointed as Auditors. Messrs. Akira Matsumoto and Norihiro Kakita are both Outside Auditors.

Item 4: Revision of Remuneration Amounts for Auditors

The item was approved as proposed,

The meeting of the Board of Directors of the Company, convened after above General Meeting of Shareholders, formally appointed the following President and Representative Director, Director and Vice President, Senior Managing Executive Officer, and Managing Executive Officer subsequently assumed their offices.

President and Representative Director: Shuichi Koseki

Director, Vice President, Managing Executive Officer: Masahiro Morofuji

Director, Senior Managing Executive Officer: Motonari Shimizu

Director, Managing Executive Officer: Takeshi Shimada

Very truly yours,

Shuichi Koseki

President and Representative Director

DESCENTE LTD.

Maruito Namba Building 13F, 1-2-3 Minatomachi Naniwa-ku, Osaka 556-0017 Japan