Hirose Electric : NOTICE OF THE 76TH ORDINARY GENERAL MEETING OF SHAREHOLDERS

These documents have been translated from the 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: 6806

June 2, 2023

To Shareholders with Voting Rights

Kazunori Ishii

President and Representative Director

HIROSE ELECTRIC CO., LTD.

2-6-3 Nakagawa Chuoh, Tsuzuki-ku,

Yokohama, Kanagawa

NOTICE OF THE 76TH ORDINARY GENERAL MEETING OF SHAREHOLDERS

We are pleased to announce the 76th Ordinary General Meeting of Shareholders of HIROSE ELECTRIC CO., LTD. (the "Company"), which will be held as described below.

When convening this general meeting of shareholders, the Company takes measures for providing information that constitutes the content of reference documents for the general meeting of shareholders, etc. (matters for which measures for providing information in electronic format are to be taken) in electronic format, and posts this information as "Notice of the 76th Annual General Meeting of Shareholders" on the websites below. Please access them to review the information.

[The Company's website] https://www.hirose.com/corporate/ja/ir/ (in Japanese)

In addition to the above, the information is also posted on the following website: [Tokyo Stock Exchange website (Listed Company Search)] https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show (in Japanese)

(Access the TSE website by using the internet address shown above, enter "Hirose Electric" in "Issue name (company name)" or the Company's securities code "6806" in "Code," and click "Search." Then, click "Basic information" and select "Documents for public inspection/PR information." Under "Filed information available for public inspection," click "Click here for access" under "[Notice of General Shareholders Meeting/Informational Materials for a General Shareholders Meeting].")

If you are unable to attend the meeting, you may exercise your voting rights in writing by submitting the Voting Rights Exercise Form or via the Internet. Please read the Reference Documents for the General Meeting of Shareholders and exercise your voting rights by 5:00 p.m. on June 22, 2023 (Thursday) in accordance with the guidance below.

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1. Date and Time:
2. Venue:
3. Agenda of the Meeting: Matters to be reported:

Proposals to be resolved: Proposal No. 1 Proposal No. 2

Proposal No. 3

June 23, 2023 (Friday), 10:00 a.m. (Reception will open at 9:00 a.m.) 1-1-1, Shirokanedai, Minato-ku, Tokyo

HAPPO-EN, 2F SUNLIGHT

1. Business Report, Consolidated Financial Statements for the Company's 76th Fiscal Year (from April 1, 2022 to March 31, 2023) and Audit Reports for the Consolidated Financial Statements by the Accounting Auditor and the Audit & Supervisory Committee
2. Non-consolidatedFinancial Statements for the Company's 76th Fiscal Year (from April 1, 2022 to March 31, 2023)

Appropriation of Surplus

Election of Ten (10) Directors (Excluding Directors Who Are Audit & Supervisory Committee Members)

Election of Four (4) Directors Who Are Audit & Supervisory Committee Members

4. Guidance for Exercising Voting Rights:

(1) Exercise voting rights in writing

Please indicate your approval or disapproval on the Voting Rights Exercise Form, and return the form to us to arrive no later than 5:00 p.m. on June 22, 2023 (Thursday).

(2) Exercise voting rights via the Internet

If you exercise your voting rights via the Internet, please exercise them no later than 5:00 p.m. on June 22, 2023 (Thursday).

1. If you exercise your voting rights twice, once in writing and once via the Internet, your Internet vote shall be deemed to be valid. If you exercise your voting rights more than once via the Internet, the last exercise shall be deemed to be valid.
2. In the case where you choose to exercise your voting rights in writing (by mail), if there is no indication of your vote for or against a proposal on the Voting Rights Exercise Form, it will be treated as a vote "for" the proposal.

5. Other Matters Related to This Notice:

Among the matters subject to measures for electronic provision, Systems to Ensure Properness of Operations of the Company and Operation Status of the Systems, the Notes to the Consolidated and Non-consolidatedFinancial Statements are posted on the websites listed on page 1 pursuant to the provisions of the relevant laws and regulations and Article 15 of the Company's Articles of Incorporation, therefore these are not included in this Notice.The Business Report, and the Consolidated and Non-consolidated Financial Statements included in this Notice are part of the Business Report, and the Consolidated and Non- consolidated Financial Statements that the Accounting Auditor and Audit & Supervisory Committee audited to prepare their respective Audit Reports.

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For those attending, please present the Voting Rights Exercise Form at the reception desk on arrival at the meeting. If revisions to the matters subject to measures for electronic provision are required, the Company will post notice of such revisions and provide details of the matters before and after the revisions on the websites listed on page 1.

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Reference Documents for the General Meeting of Shareholders

Proposals and References

Proposal No. 1 Appropriation of Surplus

1. Matters concerning year-end dividends

Regarding year-end dividends, comprehensively taking into account the business results and operating environment of the Company and based on the policy of stable dividend distribution to shareholders, we propose year-end dividends as follows:

1. Type of dividend property: Cash
2. Matters related to the allocation of dividends and total amount thereof: ¥280 per share of the Company's common shares
   Total amount of dividends: ¥9,642,616,480
   Because an interim dividend of ¥220 per share was paid, the annual dividend for the fiscal year ended March 31, 2023 is ¥500 per share.
3. Effective date of dividends of surplus: June 26, 2023

2. Matters concerning appropriation of surplus

Regarding the appropriation of surplus, to provide stable dividends to shareholders, we propose the entire amount of general reserve be reversed and transferred to retained earnings brought forward as follows:

1. Surplus item to be reduced and amount General reserve ¥122,800,000,000
2. Surplus item to be increased and amount

Retained earnings brought forward ¥122,800,000,000

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Proposal No. 2 Election of Ten (10) Directors (Excluding Directors Who Are Audit & Supervisory Committee Members)

The term of office of all ten (10) Directors (excluding Directors who are Audit & Supervisory Committee Members. The same shall apply hereinafter in this proposal.) will expire at the close of this Ordinary General Meeting of Shareholders.

At this juncture, the Company proposes the election of ten (10) Directors.

With respect to this proposal, the Company's Audit & Supervisory Committee has confirmed and reviewed the nature of the supervision and execution of the Board of Directors and the criteria for selecting candidates for the Board of Directors. As a result, the Company has determined that all of the candidates are well qualified for the positions, taking into account the status of the execution of duties and business performance of each candidate during the fiscal year under review.

The candidates are as follows: [Reference] List of candidates for Director

No.

Name

Current positions and responsibilities in the Company

1

Kazunori Ishii

President and Representative Director

Reelection

Director

2

Reelection

Yukio Kiriya

Group President-Production

Director

3

Reelection

Hiroshi Satoh

Group President-Sales & Marketing

Director

4

Reelection

Shin Kamagata

Group President-Administration

Operating Officer

5

New election

Shu Obara

Deputy Group President-Engineering; concurrently Division

General Manager-Automotive Division

6

Sang-Yeob Lee

Director

Reelection

Reelection

7

Kensuke Hotta

Outside Director

Outside

Independent

Reelection

8

Tetsuji Motonaga

Outside Director

Outside

Independent

Reelection

9

Masanori Nishimatsu

Outside Director

Outside

Independent

New election

10

Seiji Sakata

Outside

Independent

There

is no special interest between the candidates

and the Company.

Reelection

Candidate for Director to be reelected

Candidate for Director to be newly elected

New election

Candidate for Outside Director

Outside

Independent Officer as defined by the securities exchange

Independent

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No.		Name	Career summary, positions and responsibilities in the Company and	Number of
(Date of birth)	significant concurrent positions at other organizations	shares
	owned
				April 1982	Joined the Company
				July 2007	Deputy Group President-Engineering of the
					Company
				November 2008	Deputy Group President-Sales & Marketing of the
					Company
				June 2009	Operating Officer of the Company
				November 2009	Acting Group President-Sales & Marketing of the
					Company
		Reelection		June 2010	Director of the Company
	Kazunori Ishii		General Manager-Corporate Innovation Office of the
		Company
		(January 4,
		June 2011	Senior Managing Director of the Company
	1960)
			Group President-Sales & Marketing of the	772
	Attendance at
		Company; concurrently General Manager-Corporate
1		Board of		Innovation Office
	Directors	June 2012	President and Representative Director of the
		meetings		Company
	12/12			(to present)
				(Significant concurrent positions at other organizations)
				President and Representative Director of TOHOKU HIROSE
				ELECTRIC CO., LTD.
				President and Representative Director of KORIYAMA HIROSE
				ELECTRIC CO., LTD.
				President and Representative Director of ICHINOSEKI HIROSE
				ELECTRIC CO., LTD.
				Representative Director of HIROSE KOREA CO., LTD.
	(Reasons for nomination as candidate for Director)
	The Company nominates Mr. Kazunori Ishii as a candidate for Director for another term because we
	believe he is well qualified for the position as he has supervised and managed the whole Group as
	President.
				April 1982	Joined the Company
				April 2013	Deputy Group President-Production of the Company
		Reelection		June 2015	Operating Officer of the Company
	Yukio Kiriya	November 2015	Acting Group President-Production of the Company
	April 2016	Acting Group President-Production of the Company;
	(December 29,
		concurrently responsible for Quality Assurance
	1958)
			Department	1,570
	Attendance at
	June 2016	Director of the Company
2		Board of		(to present)
	Directors		Group President-Production of the Company;
		meetings		concurrently responsible for Quality Assurance
	12/12			Department
				October 2017	Group President-Production of the Company
					(to present)
	(Reasons for nomination as candidate for Director)
	The Company nominates Mr. Yukio Kiriya as a candidate for Director for another term because we
	believe he is well qualified for the position as he has supervised and managed the overall manufacturing
	affairs of the Group.

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