On June 21, 2019, T&K Toka Co., Ltd. announced to the Shareholders that the following proposal was resolved about Dalton Investments LLC external director candidate: Kota Hosogai and other appointments. He is the Vice President of Dalton Advisory Co., Ltd. and after the election Dalton Investments is expected that the Corporate Governance System will be further strengthened. In addition, other proposals about Board of Directors have been made, specifically proposal 2 with 6 directors candidate (including Dalton' s candidate Kota Isogai), and Proposal 3 regarding Audit and Supervisory Committee Members. Following, there are the details of proposals voted in the General Meeting: (i) Proposal 1: Matter of surplus with 17 yen per share of Common Stock disposal has been approved. (ii) Proposal 2: election of Directors 'excluding those who are Audit and Supevisory Committee members' has been approved, and Yoshikatsu Masuda, Akira Yoshimura, Minoru Hojo, Ryuichi Kurimoto, Kazuhiko Nakama, and Kota Isogai have been appointed as Directors and assumed their respective positions. (iii) Proposal 3 related to Audit and Supervisory Committee member, these 4 directors have been elected: Takatoshi Kida, Kenji Otaka, Satoshi Noguchi, and Koichi Hanabusa, the matter was passed.