Kurabo Industries : NOTICE OF THE 216thORDINARY 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, 2024

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 216th ORDINARY GENERAL MEETING OF SHAREHOLDERS

We hereby announce the 216th 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 (electronic provision measures matters) and posted them as the "NOTICE OF THE 216th 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, electronic provision measures matters 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., Monday, June 24, 2024 (Japan Standard Time).

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[Translation]

Meeting Details

1. Date and Time: Tuesday, June 25, 2024 at 10:00 a.m. (Japan Standard Time)
2. Venue:KURASHIKI IVY SQUARE

7-2, Honmachi, Kurashiki, Okayama

3. Purposes:

Matters to be reported:

1. Business Report and Consolidated Financial Statements for the 216th fiscal year (from April 1, 2023 to March 31, 2024) 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 216th fiscal year (from April 1, 2023 to March 31, 2024)

Matters to be resolved:

Proposal 1: Appropriation of Surplus for the 216th Fiscal Year

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

Proposal 3: Election of Four (4) Directors Who Are Audit and Supervisory Committee Members

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 (3) 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 electronic provision measures matter, a statement to that effect, and the matter 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., Monday, June 24, 2024 (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., Monday, June 24, 2024 (Japan Standard Time)

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

If you exercise your voting rights more than once via the Internet using a PC and a smartphone, etc., 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
  (3) 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 voting website 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 Form.
3. 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]

Instructions for Accessing Streamed Video

After the 216th Ordinary General Meeting of Shareholders

The matters reported on the day of the Ordinary General Meeting of Shareholders and other such content will be made available in video streaming format for a certain period of time via the Company's website (link below) as soon as possible upon conclusion of the meeting and once preparations are made.

We appreciate your understanding with respect to our need to film the meeting proceedings, and furthermore hope that shareholders who do not attend in person on the meeting day will take advantage of this access.

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

From July 8, 2024, until October 31, 2024 (tentative)

Note: The period of online availability is subject to change due to certain circumstances.

• Shareholders are to assume all costs and charges incurred for online access to the content.
• Please note that we will take steps to ensure privacy and avoid filming shareholders in attendance when filming the meeting, and accordingly intend to edit the streamed video in cases where shareholders inadvertently appear in the footage.
• Online availability of the meeting footage is subject to change or cancellation due to certain circumstances.
• The streamed video to be posted after the meeting will be offered in Japanese only.

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[Translation]

Reference Documents for the Ordinary General Meeting of Shareholders

Proposals and Reference Matters

Proposal 1: Appropriation of Surplus for the 216th Fiscal Year

The Company regards the return of profits to its shareholders as one of its key priorities, and continuous and stable distribution of dividend is basic policy. In order to determine a specific amount of the dividend, the Company takes into account comprehensively profit conditions, corporate strength and dividend payout ratio, etc. from medium to long term perspective.

In accordance with the above policy, the year-end dividend for the 216th fiscal year is proposed to be ¥60.00 per share as follows, in consideration of the trend of business results and other factors. Accordingly, including the interim dividend of ¥40.00 per share, the annual dividend for the 216th fiscal year will be ¥100.00 per share, a ¥30.00 increase compared with the annual dividend for the previous fiscal year.

Matters concerning the year-end dividend

1. Type of dividend property: Cash
2. Allocation of dividend assets to be paid to shareholders and total dividend amount: ¥60.00 per share of common stock of the Company
   Total amount: ¥1,086,136,320
3. Effective date of dividends from surplus: June 26, 2024

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[Translation]

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

As the term of office of all seven (7) Directors (excluding Directors who are Audit and Supervisory Committee Members; the same shall apply hereinafter in this proposal) is to expire at the conclusion of this Ordinary General Meeting of Shareholders, the Company proposes to elect seven (7) Directors.

The candidates for Director are as follows.

Nomination of the candidates for Director has been decided based on reports from the Nomination and Remuneration Advisory Committee, which the Company voluntarily established.

			Board of
No.	Name	Current positions and areas of responsibility in the Company	Directors
Meeting
			Attendance

1		Haruya Fujita	Representative Director, President	15/15
				(100%)
	Reelection
2	Atsushi Kitabatake	Representative Director, Director, Senior Managing Executive	15/15
				Officer		(100%)
	Reelection			General Manager, Textile Business Division
				Responsibility
3		Toshio Baba	Representative Director, Director, Senior Managing Executive	15/15
	Officer
					(100%)
	Reelection			General Manager, Chemical Products Division
				Responsibility
4	Kenshi Kawano	Director, Managing Executive Officer	15/15
Responsibility	General Manager, Advanced Technology
				(100%)
	Reelection
					Division
5	Shinji Nishigaki	Director, Managing Executive Officer	12/12
Responsibility	Manager, Industrial Materials Sales Department,
				(100%)
	Reelection
				Chemical Products Division
					Director, Executive Officer
6	Susumu Inaoka	Responsibility	Officer in charge of Managerial Planning	15/15
					Department, Personnel Department, Environment	(100%)
	Reelection
				& Construction Department, Intellectual Property
						Department and Technical Research Laboratory
					Director, Executive Officer
7		Hiroshi Fujii	Responsibility	Officer in charge of Finance & Accounting	15/15
					Department, System & EDP Department, General	(100%)
	Reelection
				Administration Department and Estate Promotion
						Department

Note: Regarding the Board of Director Meeting attendance of Mr. Shinji Nishigaki, the total number of Board of Director Meetings counted is different from that of other candidates for Director because he was elected for a Director at the Ordinary General Meeting of Shareholders held on June 29, 2023.

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[Translation]

1

Haruya Fujita

Date of birth: July 26, 1958

Reelection

Number of the Company's

Important concurrent

Board of Directors

Special interest

shares held

with the Company

positions

Meeting Attendance

17,700 shares

None

None

15/15

Career summary

Reasons for appointing as a candidate for Director

(positions and areas of responsibility in the Company)

Mr. Haruya Fujita assumed the position of Director

Apr. 1983

Joined the Company

of the Company in June 2012, and as Representative

Jun. 2012

Director, Executive Officer of the Company

Director and President since June 2014 he has

Jun. 2013

Director, Managing Executive Officer of the

demonstrated outstanding management capability,

Company

facilitating the enhancement of corporate value. The

Jun. 2014

Representative Director, President of the

Company has appointed Mr. Fujita as a candidate for

Company (to present)

Director, judging that he is a talented individual who

is capable of continuing to manage the whole Group

appropriately as a Director to contribute to the further

enhancement of corporate value.

2

Atsushi Kitabatake

Date of birth: January 11, 1960

Reelection

Number of the Company's

Important concurrent

Board of Directors

Special interest

shares held

with the Company

positions

Meeting Attendance

6,800 shares

None

None

15/15

Career summary

Reasons for appointing as a candidate for Director

(positions and areas of responsibility in the Company)

Mr. Atsushi Kitabatake assumed the position of

Apr. 1982

Joined the Company

Director of the Company in June 2014 and

Apr. 2006

Manager, Textile Materials Sales

Representative Director in June 2017, he has drawn

Department of the Company

on his wealth of experience and knowledge in all

Jun. 2013

Executive Officer of the Company

aspects of textile business as the Director in charge of

Jun. 2014

Director, Executive Officer of the Company

the textile business, facilitating the enhancement of

Jun. 2017

Representative Director, Director, Managing

corporate value. The Company has appointed Mr.

Executive Officer of the Company

Kitabatake as a candidate for Director, judging that

he is a talented individual who is capable of

Jun. 2022

Representative Director, Director, Senior

continuing to manage the whole Group appropriately

Managing Executive Officer of the Company

as a Director to contribute to the further enhancement

(to present)

of corporate value.

(General Manager, Textile Business Division)

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[Translation]

3

Toshio Baba

Date of birth: June 9, 1959

Reelection

Number of the Company's

Special interest

Important concurrent

Board of Directors

shares held

with the Company

positions

Meeting Attendance

6,400 shares

None

None

15/15

Career summary

Reasons for appointing as a candidate for Director

(positions and areas of responsibility in the Company)

Mr. Toshio Baba assumed the position of Director of

Apr. 1982

Joined the Company

the Company in June 2014 and Representative

Oct. 2004

Manager, Industrial Materials Sales

Director in June 2017, he has drawn on his wealth of

Department of the Company

experience and knowledge in all aspects of chemical

Jun. 2012

Executive Officer of the Company

products business as the Director in charge of the

Jun. 2014

Director, Executive Officer of the Company

chemical products business, facilitating the

Jun. 2017

Representative Director, Director, Managing

enhancement of corporate value. The Company has

Executive Officer of the Company

appointed Mr. Baba as a candidate for Director,

judging that he is a talented individual who is capable

Jun. 2022

Representative Director, Director, Senior

of continuing to manage the whole Group

Managing Executive Officer of the Company

appropriately as a Director to contribute to the further

(to present)

enhancement of corporate value.

(General Manager, Chemical Products Division)

4

Kenshi Kawano

Date of birth: March 19, 1962

Reelection

Number of the Company's

Special interest

Important concurrent

Board of Directors

shares held

with the Company

positions

Meeting Attendance

6,200 shares

None

None

15/15

Career summary

Reasons for appointing as a candidate for Director

(positions and areas of responsibility in the Company)

Mr. Kenshi Kawano assumed the position of Director

Apr. 1985

Joined the Company

of the Company in June 2017, and since then he has

Apr. 2011

Manager, Hong Kong Branch of the

drawn on his wealth of experience and knowledge in

Company and President of Kurabo Denim

all aspects of advanced technology business as the

(HK) Limited

Director in charge of advanced technology business,

Sep. 2013

Manager, Hong Kong Branch of the

facilitating the enhancement of corporate value. The

Company

Company has appointed Mr. Kawano as a candidate

Apr. 2014

Assistant to Manager, Managerial Planning

for Director, judging that he is a talented individual

Department of the Company

who is capable of continuing to manage the whole

Jun. 2014

Executive Officer of the Company

Group appropriately as a Director to contribute to the

further enhancement of corporate value.

Jun. 2017

Director, Executive Officer of the Company

Jun. 2020

Director, Managing Executive Officer of the

Company (to present)

(General Manager, Advanced Technology Division)

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[Translation]

5

Shinji Nishigaki

Date of birth: July 11, 1962

Reelection

Number of the Company's

Important concurrent

Board of Directors

Special interest

shares held

with the Company

positions

Meeting Attendance

3,300 shares

None

None

12/12

Career summary

Reasons for appointing as a candidate for Director

(positions and areas of responsibility in the Company)

Mr. Shinji Nishigaki assumed the position of Director

Apr. 1986

Joined the Company

of the Company in June 2023, and since then he has

Jun. 2014

Manager, Industrial Materials Sales

demonstrated outstanding management capability in

Department of the Company (to present)

all aspects of chemical products business, in

Apr. 2018

Manager, Industrial Materials Sales

particular, as the Director in charge of high-

Department and Manager, KUMAMOTO

performance resin products for semiconductor

Office and R&D Center of the Company

manufacturing equipment, a growth and priority

Jun. 2018

Executive Officer of the Company

business for the Company, facilitating the

Jun. 2022

Managing Executive Officer of the Company

enhancement of corporate value. The Company has

Jun. 2023

Director, Managing Executive Officer of the

appointed Mr. Nishigaki as a candidate for Director,

judging that he is a talented individual who is capable

Company (to present)

of continuing to manage the whole Group

(Manager, Industrial Materials Sales Department, Chemical

appropriately as a Director to contribute to the further

Products Division)

enhancement of corporate value.

6

Susumu Inaoka

Date of birth: June 3, 1960

Reelection

Number of the Company's

Important concurrent

Board of Directors

Special interest

shares held

with the Company

positions

Meeting Attendance

7,100 shares

None

None

15/15

Career summary

Reasons for appointing as a candidate for Director

(positions and areas of responsibility in the Company)

Mr. Susumu Inaoka assumed the position of Director

Apr. 1983

Joined the Company

of the Company in June 2014, and since then he has

May 2007

Manager, Chemical Products Administration

drawn on his wealth of experience and knowledge in

Department of the Company

managerial planning, personnel policy, intellectual

Jun. 2010

Standing Auditor of the Company

property strategy and R&D, etc. as the Director in

Jun. 2014

Director, Executive Officer of the Company

charge of managerial planning, personnel,

(to present)

environment and construction, intellectual property

(Officer in charge of Managerial Planning Department,

and the Technical Research Laboratory, facilitating

the enhancement of corporate value. The Company

Personnel Department, Environment & Construction

has appointed Mr. Inaoka as a candidate for Director,

Department, Intellectual Property Department and Technical

Research Laboratory)

judging that he is a talented individual who is capable

of continuing to manage the whole Group

appropriately as a Director to contribute to the further enhancement of corporate value.

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