Musashi Co., Ltd. announced the Voting Results of Shareholders Meeting held on June 27, 2019, regarding proposals from RMB Capital Management, LLC. There were rejected according to the results: Proposal No. 5 about Disposal of surplus, Proposal No.

6 about Amendment of Articles of Incorporation "Resolution of the General Assembly of Shareholders Concerning the Cancellation of Treasury Stock", and Proposal No. 7: Cancellation of treasury stock was not considered because it was included into Proposal 6.