On June 23, 2022, NS Solutions Corporation announced the voting results of proposals at the Ordinary General Meeting of Shareholders on June 21, 2022. Proposals 1 to 3 were approved, and Proposals 4 to 7 were rejected including Proposals from the Activist Asset Value Investors Limited. Proposal No.

1 about Partial amendment of articles of incorporation, Proposal No. 2 about Appointment of 10 directors (Hiroyuki Morita, Takumi Ohshiro, Atsushi Matsumura, Kazuhiko Tamaki, Katsuhiko Yoshida, Masuhisa Kuroki, Yaichi Aoshima, Atsuko Ishii, Ichiro Ishii, and Hirofumi Funakoshi), and Proposal No. 3 about Determination of remuneration for the allocation of restricted shares to directors were approved.

Subsequently, Proposal No. 4, 5, and 6 about Partial Amendment of Articles of Incorporation: "Chapter 7 Calculation" will be changed to "Chapter 8 Calculation", and Article 31 and thereafter will be postponed by two articles each, and the Proposal 7 that refers to (i) Acquisition of treasury stock: the total number of shares of the Company's common stock will be 7,834,000, and the total acquisition price will be 32,000,000,000 yen, (ii) Deposits with the parent Company, "Prohibition of deposits with the parent company" Article 31 The Company shall not make deposits with the parent company or its subsidiaries or affiliated companies, (iii) Sale of Specified Investment Shares, Article 31 The Company has a policy of reducing specific investment in principle, and unless it is unavoidable, by March 1, 2023, all shares held by the Company as specified investment shares will be given appropriate consideration, and (iv) Special Investigation Committee, this special investigation committee shall consist of members who are qualified to be lawyers independent of the Company and its directors, and by September 1, 2022, the investigation report and improvement proposals shall be made regarding the results of the investigation, were not approved. The latest proposals from Asset Value were rejected by shareholding vote.