Yushin Precision Equipment : Notice of Convocation for the 49th Ordinary General Meeting of Shareholders

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

Securities Code: 6482

June 2, 2022

Dear Shareholders,

Notice of Convocation for

the 49th Ordinary General Meeting of Shareholders

We would like to express our deepest appreciation for your continued support and patronage.

Notice is hereby given that the 49th Ordinary General Meeting of Shareholders of YUSHIN PRECISION EQUIPMENT CO., LTD. will be held as set out below:

If you do not expect to attend the meeting in person, you may exercise your voting rights in writing or via electromagnetic means (the Internet and others). Please refer to the enclosed Reference Documents for the General Meeting of Shareholders and exercise your voting rights by 5 p.m. on Tuesday, June 21, 2022 (JST) at the latest.

Details

1. Date and Time:Wednesday, June 22, 2022 at 10 a.m.

2. Place:	Conference Room on the 6th Floor,
	Head Office of YUSHIN PRECISION EQUIPMENT CO., LTD.
	555 Kuzetonoshiro-cho,Minami-ku, Kyoto

3. Objectives of the Meeting:

Matters to be reported:	a)	Business Report and Consolidated Financial Statements for the
		49th Fiscal Year (from April 1, 2021 to March 31, 2022) as well as
		the audit reports from the Accounting Auditor and the Board of
		Corporate Auditors on the Consolidated Financial Statements
	b)	Report on the Non-Consolidated Financial Statements for the 49th
		Fiscal Year (from April 1, 2021 to March 31, 2022)

Agenda for resolution:

Proposal 1: Partial Amendments to the Articles of Incorporation

Proposal 2: Election of Eight (8) Directors

Sincerely Yours,

Takayo Kotani

Representative Director and President

YUSHIN PRECISION EQUIPMENT CO., LTD.

555 Kuzetonoshiro-cho,Minami-ku,

Kyoto, Japan

Notes:

If any changes have been made to the matters appearing in the Reference Documents for the General Meeting of Shareholders, Business Report, Non-Consolidated Financial Statements or Consolidated Financial Statements, such changes will be posted on the Company's website: (https://www.ype.co.jp)

Of the documents required to be appended to this Notice of Convocation as attachments, "Consolidated Statements of Changes in Net Assets", "Basis of Preparing Consolidated Financial Statements and other Notes", "Statements of Changes in Net Assets" and "Significant Accounting Policies and other notes", have been posted on the Company's website (https://www.ype.co.jp) in accordance with laws and regulations and Articles of Incorporation, and are therefore not included in the attached documents. Besides, "Consolidated Statements of Changes in Net Assets", "Basis of Preparing Consolidated Financial Statements and other Notes", "Statements of Changes in Net Assets" and "Significant Accounting Policies and other notes" were audited by the Accounting Auditor and the Corporate Auditor as part of the Consolidated Financial Statements and the Non-consolidated Financial Statements in preparing the Audit Report.

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Reference Documents for the General Meeting of Shareholders

Proposal 1:Partial Amendments to the Articles of Incorporation

1. Reasons for the proposal

The amended provisions stipulated in the proviso of Article 1 of the Supplementary Provisions of the

Law for Partial Amendment of the Companies act (Law No. 70 of 2019) will be enforced on September 1, 2022. The Company proposes to amend its Articles of Incorporation in preparation for the introduction of an electronic delivery system for the materials of the General Meeting of Shareholders, as follows.

1. Paragraph 1, Article 14 of the proposed amendment stipulates that electronic provision measures shall be taken with respect to the information contained in the Reference Documents for the General Meeting of Shareholders, etc.
2. Paragraph 2, Article 14 of the proposed amendment establishes provisions for limiting the scope of matters to be stated in the document to be provided to shareholders who request for delivery of documents.
3. Internet Disclosure and Deemed Provision of Reference Documents for the General Meeting of Shareholders (Article 14 of the current Articles of Incorporation) shall be no longer necessary, and therefore they shall be deleted.
4. In conjunction with the above-mentioned addition and deletion, the Supplementary Provisions concerning the effective date, etc. shall be established.

2. Details of the proposed amendment

The details of the proposed amendment are as follows:

	(Amendments are underlined)
Current Articles of Incorporation	Proposed Amendment
(Internet Disclosure and Deemed Provision of	(deleted)
Reference Documents for the General Meeting of
Shareholders)
Article 14:
When the Company convenes the General
Meeting of Shareholders, the Company discloses
reference documents for the General Meeting of
Shareholders, business reports and information to
be described or indicated in financial statements
and consolidated financial statements through the
Internet in accordance with the provisions
stipulated in the Ordinance of the Ministry of
Justice and those documents or information can be
deemed as provided to the shareholders.
(Newly established)	(Measures of Electronic Provision, etc.)
	Article 14:
	The Company provides information containing in
	the reference documents for the General Meeting
	of Shareholders, etc. by electronic means when the
	Company convenes a General Meeting of
	Shareholders.

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(Measures of Electronic Provision, etc.)

Article 14: 2.

Of the matters in regard to measures of Electronic Provision, the Company shall not need to provide all or part of the documents stipulated in the ordinance of the Ministry of Justice to the shareholders who request the documents to be provided in writing before the record date entitled to exercise voting rights.

(Supplementary provision)

(Transitional measures of Electronic Provision providing documents for the General Meeting of Shareholders)

Article 1:

The deletion of Article 14 (Internet Disclosure and Deemed Provision of Reference Documents for the General Meeting of Shareholders) and addition of the proposed amendment of Article 14 (Measures of Electronic Provision, etc.) shall take effect as of September 1, 2022.

2.

Notwithstanding the provision of the preceding paragraph, Article 14 (Internet Disclosure and Deemed Provision of Reference Documents for the General Meeting of Shareholders) shall be still effective for the General Meeting of Shareholders held within six (6) months from September 1, 2022.

3.

This supplementary Provision of this section shall be deleted on the date after six (6) months passed since September 1, 2022 or the date after three (3) months passed since the date of the General Meeting of the Shareholders in the preceding paragraph, whichever comes later.

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Proposal 2:Election of Eight (8) Directors

The terms of all Directors (8 members) will expire at the conclusion of this General Meeting of Shareholders.

The Company therefore requests Shareholders to vote for these eight (8) candidates for Directors. The candidates for the position of Directors are as follows.

Current position in

Areas of responsibility,

No.

Name

and representation of

the Company

other organizations

1

Takayo Kotani

Reappointment

Representative Director and

President

General

Manager

of

2

Yasushi Kitagawa

Reappointment

Executive Managing Director

Manufacturing Division

and General Manager of

Purchasing Division

General

Manager

of

3

Kota Oda

Reappointment

Managing Director

General Affairs

Department

4

Tomohiro Inano

Reappointment

Director

General Manager of

Sales Division

General Manager of

5

Masahito Fukui

Reappointment

Director

Corporate Management

Department

Reappointment

Chairman of YAMADA

6

Yasuo Nishiguchi

Director

Consulting Group Co.,

External

Independent

Ltd.

Reappointment

Professor emeritus at

7

Hiroshi Matsuhisa

Director

Kyoto University

External

Independent

Reappointment

Director of LUCKLAND

CO., LTD. (Audits

8

Reiko Nakayama

Director

Committee)

External

Independent

Outside Director of

Mandom Corporation

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	No.			Name				Career summary, position, areas of responsibility,
			(Date of birth)				and representation of other organizations
								Reappointment
							April 2008	Joined the Company
							October 2008	Manager of R&D Section
							April 2009	General Manager of R&D Department
							April 2019	Executive Officer and General Manager of R&D Department
							June 2019	Executive Officer and General Manager of R&D Division
							June 2020	Managing Director and General Manager of R&D Division
				Takayo Kotani		October 2020	Director, Executive Vice President
						and General Manager of R&D Division
				(August 26, 1977)
1				June 2021	Representative Director and President (to present)
				Number of shares held: 1,968,532 shares

Reasons for appointment:

Takayo Kotani has been involved in R&D, promotion of development strategies and management, and has a wealth of experience and achievements. Her achievements have been recognized socially, such as receiving the Japan Society of Mechanical Engineers Prize for the development of robot technology. Since June 2021, she has served as Representative Director and President, providing leadership in formulating management strategies for sustainable growth and strengthening the organizational structure of the Company. The Company has renominated her for Director because can be expected to strengthen the decision-making and supervisory functions of the Board of Directors.

			Reappointment
		September 2007	Joined the Company
		November 2007	Deputy General Manager of Manufacturing Division
		April 2008	Deputy General Manager of Manufacturing Division
			and Quality Assurance Department
		April 2009	Executive Officer,
			Deputy General Manager of Manufacturing Division
			and Quality Assurance Department
		August 2009	Executive Officer, General Manager of Manufacturing Division
			and Quality Assurance Department
		June 2010	Director and General Manager of Manufacturing Division
			and Quality Assurance Department
		June 2013	Managing Director and General Manager of Manufacturing Division
	Yasushi Kitagawa		and Quality Assurance Department
2	June 2017	Executive Managing Director
	(August 12, 1958)
		and General Manager of Manufacturing Division
			and Quality Assurance Department
		July 2020	Executive Managing Director
			and General Manager of Manufacturing Division
		June 2021	Executive Managing Director
			and General Manager of Manufacturing Division
			and General Manager of Purchasing Division (to present)
	Reasons for appointment: 4,800 shares

Reasons for appointment:

Yasushi Kitagawa has been engaged in management and operation of production, thus having a wealth of experience in the business. The Company has renominated him for Director because can be expected to strengthen the decision- making and supervisory functions of the Board of Directors.

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