Kurabo Industries : NOTICE OF THE 215thORDINARY GENERAL MEETINGOF SHAREHOLDERS

[Translation]

This document has been translated from the Japanese original for the convenience of non-Japanese shareholders. In the event of any discrepancy between this document and the Japanese original, the original shall prevail.

Securities code: 3106 June 7, 2023

To our shareholders:

Haruya Fujita

President

KURABO INDUSTRIES LTD.

7-1, Honmachi, Kurashiki, Okayama

(Osaka Head Office: 4-31,2-chome,Kyutaro-machi,Chuo-ku, Osaka)

NOTICE OF THE 215th ORDINARY GENERAL MEETING OF SHAREHOLDERS

We hereby announce the 215th Ordinary General Meeting of Shareholders of KURABO INDUSTRIES LTD. (the "Company"), which will be held as indicated below.

In convening this Ordinary General Meeting of Shareholders, the Company has taken measures for providing information that constitutes the content of reference documents for the General Meeting of Shareholders, etc. in electronic format (items to be provided electronically) and posted them as the "NOTICE OF THE 215th ORDINARY GENERAL MEETING OF SHAREHOLDERS and informational materials for the general meeting of shareholders" on the Company's website. Please access the Company's website below to confirm the information.

The Company website: https://www.kurabo.co.jp/ir/irshareholdersmeeting/ (in Japanese)

In addition to the Company's website above, items to be provided electronically are also made available on each of the following websites.

Website for posted informational materials for the general meeting of shareholders: https://d.sokai.jp/3106/teiji/ (in Japanese)

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

(To confirm the information at the TSE website (Listed Company Search), please access the URL above, enter or search for the issue name (company name) or securities code, and select "Basic Information" and "Documents for Public Inspection/PR Information.")

Given that you are able to exercise your voting rights beforehand without attending the meeting by doing so in writing or via the Internet, etc. please take all possible efforts to exercise your voting rights beforehand. When exercising your votes beforehand, the Company asks you to review the Reference Documents for the Ordinary General Meeting of Shareholders, read the Instructions for exercising voting rights on pages 3 to 4, and exercise your voting rights by 6:00 p.m., Wednesday, June 28, 2023 (Japan Standard Time).

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[Translation]

Meeting Details

1. Date and Time: Thursday, June 29, 2023 at 10:00 a.m. (Japan Standard Time)
2. Venue:KURASHIKI IVY SQUARE

7-2, Honmachi, Kurashiki, Okayama

3. Purposes:

Items to be reported:

1. Business Report and Consolidated Financial Statements for the 215th fiscal year (from April 1, 2022 to March 31, 2023) and Reports of Audit on the Consolidated Financial Statements by the Accounting Auditor and the Audit and Supervisory Committee
2. Non-ConsolidatedFinancial Statements for the 215th fiscal year (from April 1, 2022 to March 31, 2023)

Items to be resolved:

Proposal 1: Appropriation of Surplus for the 215th Fiscal Year

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

Proposal 3: Election of One (1) Director Who Is an Audit and Supervisory Committee Member

4. Other Matters Concerning the Meeting:

1. If you do not indicate your approval or disapproval of the proposals in your vote, the Company will assume that you have voted in favor of the proposals.
2. If you exercise your voting rights more than once via the Internet, etc. the last exercise will be deemed valid.
3. If you exercise your voting rights both by mail and via the Internet, etc. the one exercised via the Internet, etc. will be deemed valid.
4. In the event that you exercise your voting rights diversely, you are required to send notice providing the details and reasons. Please note that you must ensure the notice arrives three days prior to the day of the Ordinary General Meeting of Shareholders.

• For those attending, please present the enclosed voting form at the reception desk on arrival at the meeting.
• In the event that any revision is made to an item to be provided electronically, a statement to that effect, and the item before and after the revision will be posted on each of the above website on the Internet.

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[Translation]

To institutional investors

Instructions for exercising voting rights

Institutional investors may use the "Electronic Platform to Exercise Voting Rights" operated by ICJ, Inc.

Exercising voting rights by mail

Deadline: To be valid, votes must be received by 6:00 p.m., Wednesday, June 28, 2023 (Japan Standard Time)

Please indicate your vote of approval or disapproval of each proposal on the enclosed voting form, and return the form to us.

If you do not indicate your approval or disapproval of the proposals, the Company will assume that you have voted in favor of the proposals.

Exercising voting rights via the Internet

Deadline: To be valid, votes must be received by 6:00 p.m., Wednesday, June 28, 2023 (Japan Standard Time)

Please read the following page and indicate your vote of approval or disapproval of each proposal through the voting rights website.

If you exercise your voting rights more than once via the Internet using a PC and a smartphone, the last vote will be deemed valid.

• If you exercise your voting rights both by mail and via the Internet, etc. the one exercised via the Internet, etc. will be deemed valid.
• In the event that you exercise your voting rights diversely, you are required to send notice providing the details and reasons. Please note that you must ensure the notice arrives three days prior to the day of the Ordinary General Meeting of Shareholders.

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[Translation]

Instruction for Exercise of Voting Rights via the Internet

Scanning QR code

You can simply login to the website for exercising voting rights without entering your login ID and temporary password printed on the Voting Form.

1. Please scan the QR code located on the right side of the Voting Form.

• "QR code" is a registered trademark of DENSO WAVE INCORPORATED.

1. Indicate your approval or disapproval by following the instructions on the screen.

Entering login ID and temporary password

Voting Website: https://evote.tr.mufg.jp/ (in Japanese)

1. Please access the Voting Website.
2. Enter your "login ID" and "temporary password" printed on the Voting Instructions Form.
3. Please register a new password.
4. Indicate your approval or disapproval by following the instructions on the screen.

In case you need instructions for how to operate your personal computer/smartphone in order to exercise your voting rights via the Internet, please contact:

Stock Transfer Agency (Help Desk), Mitsubishi UFJ Trust and Banking Corporation

Tel: [phone]

(Toll free only from Japan / Hours: 9:00 a.m. to 9:00 p.m. JST)

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[Translation]

Enforcement of the system for providing informational materials for the

general meeting of shareholders in electronic format

・Informational materials for the general meeting of shareholders (Reference

Documents for the General Meeting of Shareholders, Business Reports, Consolidated and Non-ConsolidatedFinancial Statements, and Audit Reports) previously delivered to you as paper-baseddocuments are now provided on the website in accordance with enforcement of the electronic provision system under the revised Companies Act.To confirm this information, please access either of the websites listed in this notice of the shareholders meeting.

・For those shareholders who have not requested delivery of paper-based documents, we have posted partial excerpts (a summary) of Reference Documents for the General Meeting of Shareholders and the Business Report, etc. so that you can refer to the main points of the materials at hand.

・The informational materials for the general meeting of shareholders will be sent out in paper-based form as per the previous system to those shareholders who requested delivery of paper-based documents.

The system for providing information materials for the general meeting of shareholders in electronic format is a system whereby the information materials for the general meeting of shareholders can be provided to the shareholders by posting them on the Company's website, etc., and then notifying the shareholders of the website address and related information in writing. For details of the electronic provision system, please

refer to the following website of Mitsubishi UFJ Trust and Banking Corporation. (Mitsubishi UFJ Trust and Banking Corporation website: https://www.tr.mufg.jp/daikou/denshi.html) (in Japanese)

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