On June 30, 2023, Sk Kaken Co., Ltd., announced that it held its 67th Extraordinary General Meeting of Shareholders on June 29, 2023, and according to the voting results, shareholder proposals by Asset Value Investors Limited on (i) Partial Amendment of Articles of Incorporation and, (iii) Appropriation of Surplus were not approved. Proposal no. 2 on Cancellation of Treasury Stock, was contingent on approval of proposal no.

1 and since, proposal no.1 was not approved, no resolution was adopted for proposal 2.