Coca Cola Bottlers Japan : Partial Amendments to Articles of Incorporation

	February 9, 2023
To whom it may concern:
Name of Company:	Coca-Cola Bottlers Japan Holdings Inc.
Representative:	Calin Dragan, Representative Director and President
	(Code No. 2579, Prime Market of the Tokyo Stock Exchange)
Contact:	Tomokazu Usagawa, Executive Officer, Head of Legal
	(Tel. [phone])

Partial Amendments to Articles of Incorporation

At the Board Meeting held today, it was resolved that the Company will propose to make a partial amendment to Articles of Incorporation at FY2022 Ordinary General Meeting of Shareholders to be held on March 28, 2023.

1. Reasons for Amendments to Articles of Incorporation

The "Act Partially Amending the Industrial Competitiveness Enhancement Act" (Act No. 70 of 2021) was enforced on June 16, 2021. The Act legally allows listed companies may hold a general meeting of shareholders without specifying a venue (so-called"virtual-only meeting of shareholders"). The Company believes that expanding the options for holding shareholders' meetings in the future will make it easier for more shareholders, including those in remote areas, to attend shareholders' meetings, thereby invigorating and improving the efficiency of shareholders' meetings, and reducing risks associated with the spread of infectious diseases and large-scale disasters such as natural disasters. Therefore, the Company resolved to propose a partial amendment to Articles of Incorporation at FY2022 Ordinary General Meeting of Shareholders in order to provide an option to hold the General Meeting of Shareholders without specifying a venue.

If this proposal is approved and the amendments to the Articles of Incorporation become effective, the Company will give top priority to guaranteeing the rights of shareholders and will decide the way in which we hold each meeting by resolution of the Board of Directors following careful consideration, taking into consideration the Company's and our shareholders' situation.

The Company has received written confirmation from the Minister of Economy, Trade and Industry and the Minister of Justice, dated January 4, 2023, that the Company meets the requirements specified by the Ministry of Economy, Trade and Industry Ordinance and the Ministry of Justice Ordinance.

2. Details of Amendments to Articles of Incorporation Details of Amendments are as follows.

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			(Amended parts are underlined.)
Existing Articles of Incorporation			Proposed Amendments
Articles 1 to 12 (Omitted)		Articles 1 to 12 (Same as at present)
(Convocation)			(Convocation)
Article 13 The Ordinary General Meeting of		Article 13 The Ordinary General Meeting of
Shareholders of the Company shall be convened			Shareholders of the Company shall be convened
within three months from the day following the			within three months from the day following the
last date of each fiscal year.			last date of each fiscal year.
(Newly Provided)		2. The Company's General Meeting of
			Shareholders may be held without specifying a
			venue.
Articles 14 to 34 (Omitted)	Articles 14 to 34 (Same as at present)

3. Schedule

Date of General Meeting of Shareholders to propose the amendment of Articles of Incorporation and

effective date of the amendment to the Articles of Incorporation (tentative)

March 28, 2023

EOD

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