JCU : Notice of the 63th Annual General Meeting of Shareholders

Note: This document has been translated from a part of 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 4975) June 13, 2023 (Introduction date of measures for electronic provision: June 5, 2023)

To Shareholders with Voting Rights:

Masashi Kimura

Representative Director, President and CEO

JCU CORPORATION

8-1 Higashiueno 4-chome,Taito-ku,

Tokyo, Japan

NOTICE OF

THE 63RD ANNUAL GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:

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

You are cordially notified of the 63rd Annual General Meeting of Shareholders of JCU CORPORATION (the "Company"). The meeting will be held for the purposes as described below.

In holding this meeting, we are introducing measures for electronic provision. Electronic provision measures matters are posted on the following website.

[Company website] https://www.jcu-i.com/english/news/category/newsrelease/

[Website carrying materials for general meetings of shareholders] https://s.srdb.jp/4975/（Japanese only）

[Tokyo Stock Exchange website (Listed Company Search service)] https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

(Access the above TSE website and search by entering "JCU" in the "Issue name (company name)" text box or the stock exchange code, "4975," in the "Code" text box. Click "Basic information" and then "Documents for public inspection/PR information." The information is available in the "Notice of General Shareholders Meeting /Informational Materials for a General Shareholders Meeting" section below the "Filed information available for public inspection" header.)

If you cannot attend the meeting in person, you can exercise your voting rights in writing or via the Internet. Please review the attached Reference Documents for the General Meeting of Shareholders and exercise your voting rights by 5:30 p.m. on Tuesday, June 27, 2023, Japan time.

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1. Date and Time: Wednesday, June 28, 2023, at 10:00 a.m. Japan time

(The reception desk opens at 9:30 a.m.)

2. Place:Conference room at the Head Office of the Company located at TIXTOWER UENO 16F, 8-1 Higashiueno 4-chome,Taito-ku, Tokyo, Japan

3. Meeting Agenda:

Matters to be reported: 1. The Business Report, Consolidated Financial Statements for the Company's

63rd Fiscal Year (April 1, 2022 - March 31, 2023) and results of audits by the Accounting Auditor and the Audit & Supervisory Board of the Consolidated Financial Statements

2. Non-consolidated Financial Statements for the Company's 63rd Fiscal Year (April 1, 2022 - March 31, 2023)

Proposal to be resolved:

Proposal: Election of ten (10) Directors

• Of the electronic provision measures matters, the following items are not included in the paper copy to be sent to shareholders who have requested it based on laws and regulations and provisions of Article 16 of the Articles of Incorporation of the Company.
• 1. Status of Accounting Auditors and Systems for Ensuring Proper Operation of Business and Implementation Status of Such Systems of the business report
  2. Consolidated Statements of Changes in Shareholders' Equity and Notes to the Consolidated Financial Statements of the consolidated financial statements
  3. Non-ConsolidatedBalance Sheet, Non-Consolidated Statement of Income, Non-Consolidated Statements of Changes in Shareholders' Equity, and Notes to the Non-Consolidated Financial Statements of the non-consolidated financial statements
  4. Accounting Audit Report on Consolidated Financial Statements, Accounting Audit Report on Non- Consolidated Financial Statements, and Audit Report by the Audit & Supervisory Board of the audit report

Therefore, the paper copy to be sent to shareholders who have requested it forms part of the documents audited by the Audit & Supervisory Board Members and the Accounting Auditor in preparing audit reports.

• Any revisions to the electronic provision measures matters will be posted on the websites on which they are posted.
• In order to prevent the spread of the novel coronavirus infection, we recommend that you exercise your voting rights in writing or via the Internet. Shareholders attending the meeting in person are kindly requested to check the status of the infection and their physical condition on the day of the meeting and take measures to prevent infection before visiting.

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Reference Documents for the General Meeting of Shareholders

Proposals and References

Proposal: Election of ten (10) Directors

The term of office of all ten (10) Directors will expire at the conclusion of this year's Annual General Meeting of Shareholders. Accordingly, the election of ten (10) Directors is proposed.

The candidates are as follows:

				Attendance at
No.	Name		Positions and responsibilities at the Company	the Board of
	Directors
				meetings
1	Masashi Kimura		Representative Director, President and CEO	100%
Reappointment	Member, Nomination and Remuneration Advisory
(17/17)
			Committee

2 Akihisa Omori

Reappointment

Managing Director, Managing Executive Officer	100%
(17/17)

3 Takanori Arata

Reappointment

Managing Director, Managing Executive Officer	100%
(17/17)

4 Hirofumi Ikegawa

Reappointment

Managing Director, Managing Executive Officer	100%
(17/17)

5 Yoji Inoue

Reappointment

Director, Managing Executive Officer	100%
(17/17)

6 Fumihiko

Araake

Reappointment

Director, Managing Executive Officer	100%
(17/17)

							External Director
7	Koki Morinaga		Reappointment	100%
External Director	Chair, Nomination and Remuneration Advisory
(17/17)
							Committee
				Independent
							External Director
8	Mayumi		Reappointment	100%
External Director	Member, Nomination and Remuneration Advisory
Yamamoto	(17/17)
			Independent			Committee
							External Director
9	Muneaki Kiyota		Reappointment	94%
External Director	Acting Chair, Nomination and Remuneration
(16/17)
							Advisory Committee
				Independent
							External Director
10	Masayuki		Reappointment	100%
External Director	Member, Nomination and Remuneration Advisory
Itagaki	(17/17)
			Independent			Committee

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No.	Name		Past experience, positions, responsibilities	Number of
	shares of the
(Date of birth)		and significant concurrent positions
		Company held
		April 1980	Joined EBARA DENSAN LTD.
		April 2004	General Manager of Printed Circuit Chemicals Department
			of EBARA DENSAN LTD.
		April 2010	Joined the Company as General Manager of DENSAN
		August 2010 Vice President of JCU (THAILAND) CO., LTD.
		June 2013	Managing Officer
		April 2016	Managing Officer and Division Manager of Corporate
			Strategy Office
	[Reappointment]	June 2016	Director, Managing Officer and Division Manager of
		Corporate Strategy Office
	Masashi Kimura
	June 2017	Director, Senior Executive Managing Officer and Division
	(February 9, 1958)
		Manager of Corporate Strategy Office
		February 2018 Director, Senior Executive Managing Officer, Division
			Manager of Corporate Strategy Office and Division
1			Manager of Administration Division	15,773
	April 2018	Representative Director, President and COO and Division
			Manager of Corporate Strategy Office
		April 2019	Representative Director, President and COO
		April 2021	Representative Director, President and CEO (present
			position)
	(Reasons for selection	as candidate for Director)
	Mr. Masashi Kimura was appointed as Representative Director, President and COO in 2018,
	timed with the launch of the medium-term management plan "Next 50 Innovation," and actively
	led the efforts to set up a plant in China and strengthen marketing. After being appointed as
	Representative Director, President and CEO in 2021, he has actively promoted the current
	medium-term management plan "Next 50 Innovation 2nd," demonstrating a high level of
	leadership, creativity, and management ability, even in the face of numerous geopolitical
	management issues, including the recent spread of COVID-19 and U.S.-China trade friction. With
	his high level of expertise and great insight regarding the Company's overall operations, it was
	determined that he should continue to be a candidate for Director.
		January 1990	Joined the Company
		April 2010	Branch Manager of Osaka Branch
		June 2012	Division Manager of Corporate Strategy Office
		April 2014	Managing Executive Officer and Division Manager of
	[Reappointment]		Corporate Strategy Office
	Akihisa Omori	June 2014	Director, Managing Officer and Division Manager of
	(October 2, 1965)		Corporate Strategy Office
		April 2015	President of JCU INTERNATIONAL, INC.
		June 2016	Managing Director, Executive Managing Officer
2		April 2019	Managing Director, Executive Managing Officer, General	12,009
		Manager, R&D Center (present position)
	(Reasons for selection	as candidate for Director)
	Mr. Akihisa Omori has held various key positions mainly in the Company's sales department
	and has served as the President of JCU INTERNATIONAL, INC. He currently serves in a key
	position in the research division as General Manager of the R&D Center. As we have entered the
	final year of the period covered by the current medium-term management plan, he has actively
	pursued the development of environmentally friendly products to build a corporate foundation
	from an ESG perspective as one of the Company's goals and new products aimed to be global
	standards. With his high level of expertise and great insight regarding the Company's overall
	operations, it was determined that he should continue to be a candidate for Director.

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No.	Name		Past experience, positions, responsibilities	Number of
	shares of the
(Date of birth)		and significant concurrent positions
		Company held
		September 2006 Joined the Company
		June 2009	General Manager of Accounting Department of
			Administration Division
		April 2014	Managing Executive Officer and Division Manager of
			Administration Division
		June 2014	Director, Managing Officer and Division Manager of
			Administration Division
	[Reappointment]	April 2015	Director, Managing Officer and Assistant General
		Manager of Chemical Business Division
	Takanori Arata
	April 2016	Director, Managing Officer and Deputy Division
	(May 13, 1967)
		Manager of Sales Division
		June 2016	Managing Director, Executive Managing Officer and
			Deputy Division Manager of Sales Division
3		April 2021	Managing Director, Managing Executive Officer and	12,178
			General Manager, Sales Headquarters
		April 2022	Managing Director, Managing Executive Officer and
			Chairman and President, JCU SHENZHEN TRADING
			CORPORATION (present position)

(Reasons for selection as candidate for Director)

Mr. Takanori Arata has held various key positions in the Company's administrative operations. As General Manager of Sales Headquarters from 2021, he has actively pursued business expansion in China and the rest of Asia, which have driven the Company's sales, and he has been in charge of controlling domestic and overseas sales/marketing activities. In 2022, he assumed the office of Chairman and President of JCU SHENZHEN TRADING CORPORATION to take quick action on the further expanding market in China. With this high level of expertise and great insight regarding the Company's overall operations, it was determined that he should continue to be a candidate for Director.

	August 1984	Joined Fuji Machinery Mfg. & Electronics Co., Ltd.
	June 2004	Director and General Manager, Administration Division
	June 2009	President and Representative Director
	June 2010	Director, Kyoden Co., Ltd.
	November 2013 Joined the Company as Branch Manager of Osaka Branch
[Reappointment]	January 2015	President, JCU TAIWAN CORPORATION
April 2016	Managing Officer
Hirofumi Ikegawa
(July 29, 1965)	April 2018	Managing Officer and Division Manager of
	Administration Division
	June 2019	Director, Executive Managing Officer and Division
		Manager of Administration Division
4	June 2020	Managing Director, Managing Executive Officer and	3,668
		General Manager, Administration Headquarters (present
		position)

(Reasons for selection as candidate for Director)

Mr. Hirofumi Ikegawa has held key positions in the Company's sales and administrative divisions both in Japan and overseas, in addition to his experience of serving as representative director before he joined the Company. He has a high level of expertise and great insight regarding the Company's overall operations. In addition, amid the constantly changing management environment of the Company, including foreign exchange volatility, the global movement toward environmental regulation, and a growing need for hedging geopolitical risk, he has demonstrated great management capability. Therefore, it was determined that he should continue to be a candidate for Director.

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