Maruwa Unyu Kikan : Notice Concerning Change of Trade Name and Partial Amendments to the Articles of Incorporation

(Amended parts are underlined)

Current Articles of Incorporation

Proposed Amendments

Chapter 1

Chapter 1

General provisions

General provisions

(Trade name)

(Trade name)

Article 1

Article 1

The Company shall be called MARUWA UNYU KIKAN

The Company shall be called AZ-COM MARUWA

CO., LTD.

Holdings Inc.

(Purpose)

(Purpose)

Article 2

Article 2

The purpose of the company shall be to perform the

The objectivesof the company shall be to conduct the

following businesses.

businesses set forth in the following items,

as well as to

control and manage the business activities of companies

or

foreign companies that conduct the businesses in the

relevant items and equivalent businesses thereto, through

the holding of shares or equity.

1. - 24. (Omitted)

1. - 24. (Unchanged)

(New)

25. Sale and import of goods, and related agency and

intermediary services

(New)

26. Customs brokerage

25. All businesses related to the above

27. All businesses related to the above

(Internet Disclosure and Deemed Provision of Reference

Documents for the General Meeting of Shareholders, Etc.)

Article 14

(Delete)

When the Company convenes a general meeting of

shareholders, if it discloses information that is to be

stated

or presented in the reference documents for the general

meeting of shareholders, business report, financial

statements and consolidated financial statements through

the internet in accordance with the provisions prescribed by

the Ministry of Justice Order, it may be deemed that the

Company has provided this information to shareholders.

(Measures, Etc. for Providing Information in Electronic

Format)

(New)

Article 14

1. When the Company convenes a general meeting of

shareholders, it shall take measures for providing

information that constitutes the content of reference

documents for the general meeting of shareholders, etc.

in electronic format.

Current Articles of Incorporation

Proposed Amendments

2. Among items for which the measures for providing

information in electronic format will be taken, the

Company may exclude all or some of those items

designated by the Ministry of Justice Order from

statements in the paper-based documents to be delivered

to shareholders who requested the delivery of paper-

based documents by the record date of voting rights.

(Supplementary Provisions)

(Transitional Measures Concerning the Holding Company)

(New)

Article 1

1.Amendments to Article 1 (Trade Name) and Article 2

(Purpose) of the Articles of Incorporation are subject to

a condition precedent that the company split agreement

that the Company concluded with MARUWA UNYU

KIKAN Bunkatsu Junbi Kabushiki Kaisha on April 22,

2022, becomes effective, and the amendments shall

become effective on the effective date (October 1, 2022

[scheduled]) of the company split.

2.The provisions of this article shall be deleted on the

date the amendments become effective in line with the

stipulations of the previous paragraph.

(Transitional Measures for Providing Informational Materials

for the General Meeting of Shareholders in Electronic Format)

(New)

Article 2

1.The deletion of Article 14 (Internet Disclosure and

Deemed Provision of Reference Documents for the

General Meeting of Shareholders, Etc.) in the pre-

amended Articles of Incorporation and the

establishment of the new Article 14 (Measures, Etc. for

Providing Information in Electronic Format) in the

amended Articles of Incorporation shall be effective

from September 1, 2022, which is the date of

enforcement of the revised provisions provided

for in

the proviso to Article 1 of the Supplementary

Provisions of the Act Partially Amending the

Companies Act (Act No. 70 of 2019) (hereinafter

referred to as the "Date of Enforcement").

2.Notwithstanding the provision of the preceding

paragraph, Article 14 of the pre-amended Articles

of

Incorporation (Internet Disclosure and Deemed

Provision of Reference Documents for the General

Meeting of Shareholders, Etc.) shall remain effective

regarding any general meeting of shareholders held on

a date within six months from the Date of Enforcement.

3.The provisions of this article shall be deleted on the

date when six months have elapsed from the Date of

Enforcement or three months have elapsed from the

date of the general meeting of shareholders in the

preceding paragraph, whichever is later.