On November 30, 2022, 3D Investment Partners Pte Ltd announced that it has responded to the investor presentation released by Fuji Soft Incorporated in November 2022, stated that here is much more work to be done at the Company to enhance value and to execute on the commitments, the board which has presided over a long period of inefficient capital allocation and weak performance, will deliver on its promises absent the oversight of strong, independent outside directors, and 3D Investment Partners believed it would be a mistake for shareholders to interpret the Company?s belated, piecemeal and long-overdue commitments as evidence that Company has fully and sincerely embraced change. In addition, 3D Investment Partners stated that it believed that the Board of Directors must be strengthened through the addition of new outside directors who are entirely independent of 3D Investment Partners and the Company and bring much-needed expertise in key areas, 3D Investment Partners therefore encourages shareholders to vote in favor of its proposal to appoint the 4 director nominees Shintaro Ishimaru, Kotaro Okamura, Yuya Shimizu and Takashi Tsutsui, at the 2023 annual meeting of shareholders.