Yokowo : NOTICE OF THE 84th ORDINARY GENERAL MEETING OF SHAREHOLDERS

These documents have been translated from apart of Japanese originals for reference purposes only.

In the event of any discrepancy between these translated documents and the Japanese originals, the originals shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translations.

(Securities code: 6800) June 7, 2022

To Shareholders with Voting Rights:

Takayuki Tokuma

Representative Director, President

and Executive Officer

Yokowo Co., Ltd.

5-11, Takinogawa 7-chome,

Kita-ku, Tokyo, Japan

NOTICE OF THE 84TH ORDINARY GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders,

You are cordially invited to attend the 84th Ordinary General Meeting of Shareholders of Yokowo Co., Ltd. (the "Company"). The meeting will be held for the purposes as described below.

If you are unable to attend the meeting, you may exercise your voting rights by either of the following methods. Please read the Reference Documents for the General Meeting of Shareholders (described hereinafter) and exercise your voting rights by 5:40 p.m. on Monday, June 27, 2022 Japan time.

[If you wish to exercise your voting rights by postal mail (in writing)]

Please indicate your vote for or against each Proposal on the enclosed Voting Rights Exercise Form and send it back so that it is received by the aforementioned exercise deadline.

[If you wish to exercise your voting rights via the Internet]

Please access the voting website (https:// evote.tr.mufg.jp), use the "log-in ID" and "temporary password" or "log-in QR code" presented on the enclosed Voting Rights Exercise Form and enter your vote for or against each Proposal by following the instructions displayed on the screen.

1. Date and Time: Tuesday, June 28, 2022 at 10:00 a.m. JST

3. Meeting Agenda:

Matters to be Reported: 1. The Business Report, Consolidated Financial Statements for the Company's

84th Fiscal Year (from April 1, 2021 to March 31, 2022) and results of audits by the Accounting Auditor and Audit & Supervisory Board of the Consolidated Financial Statements

2. Non-consolidated Financial Statements for the Company's 84th Fiscal Year (from April 1, 2021 to March 31, 2022)

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Proposals to be Resolved:

Proposal No. 1: Distribution of Surplus

Proposal No. 2: Partial Amendment of the Articles of Incorporation

Proposal No. 3: Election of Six Directors

Proposal No. 4: Election of Four Audit & Supervisory Board Members

Proposal No. 5: Revision of Amount of Compensation for Directors

Proposal No. 6: Revision of Amount of Compensation for Audit & Supervisory Board Members

4. Notice of Information Disclosure through the Internet

The Company, pursuant to the provisions of applicable laws and regulations and Article 16 of the Articles of Incorporation of the Company, discloses certain matters specified below that constitute part of the Business Report, Consolidated Financial Statements, and Non-consolidated Financial Statements through the website of the Company (https://www.yokowo.co.jp). Accordingly, they are not included in the documents attached to this notice.

1. "System necessary to ensure that the execution of duties by the Directors complies with laws and regulations and the Articles of Incorporation, and other systems necessary to ensure properness of operations of the Company," and "Basic policy concerning persons who control the decisions on the Company's financial and business policies" of the Business Report
2. Consolidated Statement of Changes in Shareholders' Equity and Notes to the Consolidated Financial Statements
3. Statement of Changes in Shareholders' Equity and Notes to the Non-consolidated Financial

Statements

Therefore, the documents attached to this Notice constitute only part of the Consolidated and Non- consolidated Financial Statements audited by the Accounting Auditor in preparing its Audit Report and part of the Business Report, Consolidated and Non-consolidated Financial Statements audited by Audit & Supervisory Board Members in preparing their Audit Report.

Notes:

1. For those attending, please present the enclosed Voting Rights Exercise Form to the reception upon arrival at the meeting.
2. Any updates to the Reference Documents for the General Meeting of Shareholders, Business Report, or Consolidated and Non-consolidated Financial Statements will be posted on the Company's website (https://www.yokowo.co.jp).

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Proposal No. 1: Distribution of Surplus

Matters concerning year-end dividends

Based on the recognition that providing superior returns to shareholders is one of the highest management priorities, it is the Company's basic policy to continue to pay stable dividends to shareholders, determining the specific amount of dividend for each fiscal year by taking into consideration the maintenance of internal reserves to be used for capital investment in production facilities in growing businesses, investment for technological development in new businesses, and investment for market development.

With respect to the operating results for the current fiscal year (fiscal year ended March 31, 2022), while the vehicle communication equipment business segment recorded a loss due to significant effects of the spread of the COVID-19 continuing from the previous fiscal year, significantly improved sales and profits in the circuit testing connector business segment, the recording of foreign exchange gains following the weaker yen, etc., contributed to marking record-high consolidated net sales, consolidated ordinary income and profit attributable to owners of parent. As for the Group's medium-term management target "Minimum8"-i.e., secure a sales growth rate, a minimum operating profit margin, and a return on equity of 8%., we secured the level exceeding 8% for the sales growth rate being 11.5% and return on equity being 11.6%.

For the next fiscal year (fiscal year ending March 31, 2023), the Company expects that recovery of economic activity will be pursued while the COVID-19 rebound will be controlled. On the other hand, decoupling among global economies is worsening as the tensions are rising suddenly in Europe and other countries, triggered by Russia's incursion into Ukraine, and the Company assumes that trends in supply and demand and competitive environments in the Company's major market will become even more uncertain. The Company therefore believes that it continues to be indispensable to perform business operations with emphasis on financial stability under these circumstances. Although trends are uncertain in the market as a whole, inquiries have been gathering momentum mainly for growing businesses including 5G (the fifth generation mobile communications), with increased capital needs for investment in not only mass-production facilities but also technological development looking into further ahead.

In view of the aforementioned circumstances, the Company hereby proposes its year-end dividend for the fiscal year ended March 31, 2022 as follows, comprehensively taking into account the return of the record-high profits to shareholders, business forecasts and capital needs for the next fiscal year and beyond as well as securing financial stability.

1. Type of dividend property: Cash
2. Matters concerning allotment of dividend property to shareholders and total amount

22 yen per share of common stock, for a total of 512,843,540 yen

Because an interim dividend of 18 yen per share was paid out, the annual dividend for the fiscal year ended March 31, 2022 will be 40 yen per share (consolidated dividend payout ratio of 19.8%).

1. Effective date of distribution of surplus June 29, 2022 (Wednesday)

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Proposal No. 2: Partial Amendment of the Articles of Incorporation

1. Reasons for the amendment
2. 1. The amended provisions stipulated in the proviso of Article 1 of the supplementary provisions of the "Act Partially Amending the Companies Act" (Act No. 70 of 2019) will be enforced on September 1, 2022. Accordingly, in order to prepare for the introduction of the system for electronic provision of materials for the General Meeting of Shareholders, the Articles of Incorporation of the Company shall be amended as follows.
   1. Proposed Article 16, Paragraph 1 provides that information contained in the Reference Documents for the General Meeting of Shareholders, etc. shall be provided electronically.
   2. The purpose of proposed Article 16, Paragraph 2 is to establish a provision to limit the scope of matters to be included in the paper copy to be sent to shareholders who have requested it.
   3. The provisions related to the Internet disclosure and deemed provision of the Reference Documents for the General Meeting of Shareholders, etc. (Article 16 of the current Articles of Incorporation) will become unnecessary and will therefore be deleted.
   4. In line with the above establishment and deletion of the provisions, supplementary provisions related to the effective date, etc. shall be established.
   1. In order to allow a Director other than Representative Director to convene and chair a meeting of the Board of Directors, Article 23 of the current Articles of Incorporation shall be partially amended.
   2. In order to unify the maximum amount of liability under limited liability agreements with Outside Directors and Outside Audit & Supervisory Board Members to the amount stipulated by laws and regulations, Article 30 and Article 36, Paragraph 2 of the current Articles of Incorporation shall be partially amended.
3. Details of the amendment
   The details of the amendment are as follows.

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