Notice Regarding Proxy Fight at the Extraordinary General Meeting of Shareholders of “Oi Electric Co., Ltd.”

We have submitted a letter of requesting the convocation of an extraordinary general meeting of shareholders to “Oi Electric Co., Ltd.” in accordance with the provisions of Article 297 of the Companies Act On November 24th.
We are pleased to announce that we have resolved to proceed on proxy fight for the purpose of obtaining voting rights in order to pass the following agenda items that we have submitted.

【Agenda Items】
Proposal No. 1: Dismissal of one Director
Dismissal of Mr. Kou Ishida, President

Accordingly, We plan to send out proxy solicitation documents as soon as the contents of the notice of convocation for the extraordinary general meeting of shareholders to be sent out by Oi Electric are confirmed.
We would like to ask the shareholders of Oi Electric to carefully read the proxy solicitation document and endorse the contents of our proposal.