Hokuhoku Financial : Convocation Notice of the 20th Ordinary General Meeting of Shareholders

This is a partial translation of the original Japanese "Convocation Notice of the 20th Ordinary General Meeting of Shareholders", prepared for the convenience of non-resident shareholders. In case of any discrepancy between any part of this translation and the original Japanese text, the Japanese 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.

Securities Code: 8377

June 5, 2023

Dear Shareholders:

Hiroshi Nakazawa

President

Hokuhoku Financial Group, Inc.

1-2-26Tsutsumicho-dori,Toyama-city, Toyama

Convocation Notice of the 20th Ordinary General Meeting of Shareholders

This is to inform you that the 20th Ordinary General Meeting of Shareholders of Hokuhoku Financial Group, Inc. ("the Company") will be held as described below.

In convening this General Meeting of Shareholders, the Company has taken measures to electronically provide the matters subject to the electronic provision measures, which constitutes the content of the reference documents for the General Meeting of Shareholders, etc., and has posted the matters subject to the electronic provision measures on the website as Convocation Notice of the 20th Ordinary General Meeting of Shareholders. To review the information, please access any of the following websites.

[Hokuhoku Financial Group website ("the Company's website")] https://www.hokuhoku-fg.co.jp/stocks/generalmeeting/

[Tokyo Stock Exchange website (Listed Company Search) ("TSE website")] https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show

(Please access TSE website, and search by "Issue name" (Hokuhoku Financial Group,) or "Code" (8377), select "Basic information" and then "Documents for public inspection/PR information" to review

[Material website for General Meeting of Shareholders ("Material website")] https://d.sokai.jp/8377/teiji/

If you are unable to attend the meeting, you may exercise your voting rights in writing or by electromagnetic method (via the Internet etc.). Please exercise voting rights after careful examination of the Reference Documents for the General Meeting of Shareholders by 5:00 p.m., on Monday June 26, 2023.

1. Date and time: Tuesday June 27, 2023 at 10:00 a.m.

2. Place:	6th floor Conference Room
	Head office of The Hokuriku Bank, Ltd.
	1-2-26Tsutsumicho-dori,Toyama-city, Toyama

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3. Agenda:

Matters to be reported:

The 20th business year (April 1, 2022 through March 31, 2023) Business Report, the Non-Consolidated Financial Statements, the Consolidated Financial Statements, and the Audit Report on Consolidated Financial Statements by the Accounting Auditor and the Audit and Supervisory Committee.

Matters to be resolved:

Proposal 1: Appropriation of Surplus

Proposal 2: Election of Seven (7) Directors (Excluding Directors serving as Audit and Supervisory Committee Members)

Proposal 3: Election of Four (4) Directors serving as Audit and Supervisory Committee Members

◎In consideration of the fact that this is the first General Meeting of Shareholders of the Company after the electronic provision system has been introduced, for this General Meeting of Shareholders, the Company has sent all shareholders the documents providing the matters subject to the electronic provision measures, regardless of whether a request for the delivery for the documents is made or not.

Among the matters subject to the electronic provision measures, the following matters are not provided in the documents delivered to shareholders under the provisions of laws and regulations and Article 20 paragraph 2 of the Articles of Incorporation of the Company. Accordingly, the documents delivered to shareholders constitute only part of the documents audited by the Audit and Supervisory Committee and Accounting Auditor in preparing Audit Reports.

1. "Matters concerning Share Acquisition Rights, etc.," and "Corporate Structure to Ensure Appropriate Business Operations."

ii Notes to the Consolidated Financial Statements.

iii Notes to the Non-Consolidated Financial Statements.

◎Should any amendments be made to the matters subject to the electronic provision measures, the Company will post the notice to that effect with matters before and after the amendment on the Company's website, TSE website and Material website.

◎If you wish to exercise your voting rights through a proxy, you must appoint only one (1) proxy from shareholders with voting rights and submit a letter of attorney attached with the Voting Rights Exercise Form to the receptionist. Please note that non-shareholders cannot attend the meeting.

4. Exercise of Voting Rights

1. If you attend the meeting, please present the enclosed Voting Rights Exercise Form to the reception desk.
2. If you are unable to attend the meeting, please exercise voting rights by any of the following methods.

1. Exercise of Voting Rights in Writing
   Please indicate your approval or disapproval of the proposals on the Voting Rights Exercise Form enclosed herewith, and send back to arrive by 5:00 p.m., on Monday June 26, 2023.
2. Exercise of Voting Rights by Electromagnetic Method (via the Internet, etc.) Exercise your voting rights by following the instructions on the next page. Your voting rights are to be exercised by 5:00 p.m., on Monday June 26, 2023.

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Guidance Notes on filling in the Voting Rights Exercise Form

Please indicate for or against about each proposal.

Proposal 1

When you are for the proposed proposal, mark ○ in the "for" box, and when you are against the proposal, mark○ in the "against" box.

Proposals 2 and 3

When you are for all of the proposed persons in the proposal, mark ○ in the "for" box, and when you against all in the proposal, mark ○ in the "against" box.

If you are against certain candidates, mark ○ in the "for" box, and also write the candidate number for each candidate you are against inside the parentheses.

◎No indication on the voting form of your approval or disapproval for any proposal shall be treated as an indication of approval.

◎If you send Voting Rights Exercise Form multiple times, the last vote cast shall be treated as the valid vote.

◎If you exercise your voting rights by electromagnetic method more than once, the last vote cast shall be the valid vote.

◎If you exercise your voting rights both by mail(in writing) and by electromagnetic method (via the Internet), we will only accept, as effective, the exercise of your voting rights via the Internet.

Guidance Notes on the Exercise of Voting Rights by the Internet

1. You can access the Voting Rights Exercise Website by scanning the QR code without entering your Code and Password.

1. Scan the QR Code at the lower right-hand side of the Voting Rights Exercise Form. ※「QR Code」is registered trade mark of DENSO WAVE INCORPORATED
2. Enter for or against following the directions on the website.
3. You can exercise your voting rights only one time by scanning the QR Code to log in. If you exercise your voting rights more than once, follow the instructions below to access the Voting Rights Exercise Website.

1. You can access the Voting Rights Exercise Website by entering your Code and Password
   Voting Rights Exercise Website: https:soukai.mizuho-tb.co.jp/

1. Access the Voting Rights Exercise Website.
2. Enter the Code for the Exercise of Voting Rights described on the Voting Rights Exercise Form, and click the "next" button.
3. Enter the Password described on the Voting Rights Exercise Form, and register your new password.
4. Then, please indicate whether you are for or against each of the items following the directions on the website.

For Inquiries with respect to the Exercise of Voting Rights via the Internet (only in Japan)

Stock Transfer Agency Department

Mizuho Trust and Banking Co., Ltd.

Telephone: [phone](toll-free, only in Japan)

Operating Hours: 9:00 a.m. to 9:00 p.m. (excluding the New Year's holiday)

Reference: Exercise of Voting Rights via the electronic voting platform Institutional investors may use the electronic voting platform for institutional investors operated by Investor Communications Japan, Inc.

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Reference Documents

Proposal 1: Appropriation of Surplus

Our dividend policy is to ensure financial foundation and stable distribution of dividends, based on the public function of financial services that our group companies provide. We propose JPY 2.00 increase in year-end dividend per common share as below, considering the business results of this fiscal year, the future business environment and the importance of enhancing financial foundation by accumulating internal surplus.

(1) Type of dividend property:	Cash
(2) Matters concerning the allocation and total amount of dividend property：
			(Dividend per share)	(Dividend amount)
	Common shares		¥37.00	¥4,740,823,690
	1st series Type 5 preferred shares	¥7.50	¥ 483,434,280
	Total			¥ 5,224,257,970

(Notes) There were no interim dividends for common shares in the end of 2nd quarter. Interim and year-end dividends for 1st series Type 5 preferred shares are JPY 7.50 per share respectively, as specified in advance. Interim dividend amount for 1st series Type 5 preferred shares is ¥ 564,006,663.

(3) Date on which dividends from surplus shall be effective: Wednesday June 28, 2023

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Proposal 2: Election of Seven (7) Directors (Excluding Directors serving as Audit and Supervisory Committee Members)

The terms of office of all seven (7) Directors (excluding Directors serving as Audit and Supervisory Committee Members; hereinafter referred to as "Director" in this proposal) will expire upon the conclusion of this Ordinary General Meeting of Shareholders.

Therefore, we propose the election of seven (7) Directors.

The Audit and Supervisory Committee has deliberated on this proposal and has notified that each candidate is qualified for the position of Director of the Company.

The candidates for Directors are as follows:

					Current	Number of
			Number of		concurrent
				Position
No.	Candidate's Name	Years in	Gender	positions
at the
			Office		at listed
				Company
					companies
1	Hiroshi Nakazawa	Reappointment	4	Male	President
2	Yuji Kanema	Reappointment	6	Male	Vice
					President
3	Masahiko Kobayashi	Reappointment	4	Male	Director
4	Yoshimasa Takada	Reappointment	2	Male	Director
5	Yoshikazu Sakamoto	Reappointment	1	Male	Director
6	Akira Sakai	Reappointment	2	Male	Director

7

Yutaka Yokoi

Outside Independent

Reappointment

1

Male

-

1

(Notes) No special interests exist between any of the candidates and the Company.

Outside

Independent

Candidate for Outside Director

Candidate for Independent Director provided for by the Tokyo Stock

Exchange and the Sapporo Securities Exchange

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