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06/26/2020News Releases

70th Annual General Shareholders Meeting

At 10:00 AM on Tuesday, June 26, 2020, the 70^th Annual General Shareholders Meeting was held in Neyagawa city at EXEDY Headquarters’ EXEDY Hall. The proceedings were as follows:

Matters Reported

1. The 70^th (from April 1, 2019 to March 31, 2020) Annual Business Report, Consolidated Financial Statements, and Financial Reports

The contents of the abovementioned items were reported at the meeting.

Report on the 70^th Annual Auditing Results for Consolidated Financial Statements by Accounting Auditors and the Board of Auditors

The contents of the abovementioned auditing results were reported at the meeting.

Matters Resolved

First item on the agenda: Appropriating the surplus

This item was approved as proposed, with the amount of dividends for the end of the term being fixed to ¥45 per stock.

Second item on the agenda: The appointment of eleven individuals to serve on the board of directors

This item was approved as proposed, with the following ten individuals, Hidehito Hisakawa, Shogo Okamura, Hiroshi Toyohara, Tetsuya Yoshinaga, Shinji Fujimoto, Yuzuru Hirose, Junji Yamakawa, Makoto Mitsuya, Ichizo Yoshikawa, and Toshiki Takano being reelected to assume their respective posts, and Takashi Hayashi who was newly elected. Please note that Makoto Mitsuya, Ichizo Yoshikawa, Toshiki Takano and Takashi Hayashi are external directors, as established by corporate law.

Meeting Closed

10:18 AM