June 25, 2021
To Shareholders with Voting Rights
NOTICE OF RESOLUTION OF
THE 80th ORDINARY GENERAL MEETING OF SHAREHOLDERS
Please be advised that the 80th Ordinary General Meeting of Shareholders of Nihon Dempa Kogyo Co., Ltd. ("NDK" or "we") was reported and approved as set forth below.
| Matters for Reporting | |||
| (1) | Report on the Business Report for the 80th Fiscal Year (From April 1,2020 to March 31, 2021), the Consolidated Financial Statements, and the Results of Audit of the Consolidated Financial Statements by the Independent Auditors and the Audit & Supervisory Board. The details of the above were duly reported. |
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| (2) | Report on the Financial Statements for the 80th Fiscal Year (From April 1,2020 to March 31, 2021) The details of the above were duly reported. |
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| Matter for Approval | |||
| Appointment of nine (9) directors |
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| This matter was approved as proposed, Mr. Toshiaki Takeuchi, Mr. Hiromi Katoh, Mr. Takehiko Tatsuko, Mr. Yorihisa Suwa, Mr. Eiketsu Tsuchiya were reappointed, and Mr. Kenichi Ueki, Mr. Hideyuki Oikawa, Mr. Kenichi Sugawara, Mr. Yuzuru Takeuchi were newly appointed. Mr. Takehiko Tatsuko, Mr. Yorihisa Suwa and Mr. Eiketsu Tsuchiya are outside directors. | |||
The payment of Year-end dividend
It is with great regret that we must inform you that we do not provide dividends for the 80th Fiscal Year. We wish to extend our sincerest apologies to our shareholders and take all the necessary actions to resume dividends as soon as possible.