On October 3, 2023, Intage Holdings Inc. announced the following resolutions adopted at the Company's 51st Ordinary General Meeting of Shareholders held on September 28, 2023. The shareholder's proposals have been rejected: Proposal (i) about Acquisition of own shares based on Article 156, Paragraph 1 of the Companies Act, within 1 year from the conclusion of this Ordinary General Meeting of Shareholders, the Company will acquire 3,840,000 shares of common stock and a total acquisition price of 6,144,000,000. Acquisition will be made through the delivery of money up to a maximum of 300,000 yen, and Proposal No.

(ii) about Amendment to the Articles of Incorporation regarding the number of outside directors In order to have a majority of outside directors. The 2 proposals of Nippon Active Value Fund plc were not approved by the vote of shareholders.