Daidoh : NOTICE OF THE 100th ORDINARY GENERAL MEETING OF SHAREHOLDERS

Note: This English translation is an abridged version of the original notice in Japanese. In the event of a discrepancy, the Japanese version shall prevail.

TO OUR SHAREHOLDERSJune 12, 2023 (Start date of electronic provision of materials: June 5, 2023)

Securities code: 3205

Daidoh Limited

1-16 Sotokanda 3-chome,Chiyoda-ku,

Tokyo

NOTICE OF THE 100th ORDINARY GENERAL MEETING OF

SHAREHOLDERS

Dear Shareholder:

Please be informed that the 100th Ordinary General Meeting of Shareholders of Daidoh Limited (the "Company") will be held at 10:00 a.m. (the reception is scheduled to open at 9:00 a.m.) on Thursday, June 29, 2023, at Tower Hall of Roppongi Academyhills on the 49th floor of Roppongi Hills Mori Tower, at 10-1 Roppongi 6-chome,Minato-ku, Tokyo.

When arriving at the meeting venue, please submit the enclosed Voting Form at the reception desk.

When convening this Ordinary General Meeting of Shareholders, the Company has taken measures for electronic provision of materials, and has posted the matters to be provided electronically as the "Notice of the 100th Ordinary General Meeting of Shareholders" on the website at the link below.

Our website: https://www.daidoh-limited.com/english/ir/meeting.html

In addition to the above, the information is also available on the following website. Please access the Tokyo Stock Exchange website below, enter "DAIDOH LIMITED" in "Issue name (company name)" or "3205" in "Code" and select "Basic information," "Documents for public inspection/PR information," "Notice of General Shareholders Meeting/Informational Materials for a General Shareholders Meeting," and then confirm the information.

Tokyo Stock Exchange (TSE-Listed Company Search) Website: https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

If you will not attend the meeting, you may exercise your voting rights in writing or via the Internet. Please take the time to review the Reference Materials for the Ordinary General Meeting of Shareholders and exercise your vote so that it reaches us no later than 6:30 p.m. on

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Wednesday, June 28, 2023.

Voting by Proxy via Postal Mail

Please indicate "for" or "against" for each agenda item listed on the enclosed Voting Form and return it so that it reaches the Head Office of the Company no later than 6:30 p.m. on Wednesday, June 28, 2023.

Souvenirs will not be provided to the shareholders attending the meeting. We appreciate your understanding.

Sincerely,

Tsukasa Nabewari

Representative Director

President & CEO

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MEETING AGENDA

Items to be Reported:

1. The Business Report, the Consolidated Financial Statements and the Report of the Audit of the Consolidated Financial Statements by Accounting Auditors and the Board of Corporate Auditors for the 100th term from April 1, 2022, to March 31, 2023, will be reported at the meeting.
2. The Non-Consolidated Financial Statements for the 100th term from April 1, 2022, to March 31, 2023, will be reported at the meeting.

Items to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Reduction of Legal Capital Surplus

Item 3: Election of Six (6) Directors

Item 4: Election of One (1) Corporate Auditor

Item 5: Election of Two (2) Corporate Auditor Substitutes

Item 6: Election of Accounting Auditor

This document sent also serves as a document describing the matters for electronic provision of information based on document delivery request. The following items are excluded in accordance with laws and regulations and provisions of Article 16 of the Company's Articles of Incorporation.

1. "Consolidated Statement of Changes in Equity" in the Consolidated Financial Statements
2. "Notes to Consolidated Financial Statements" in the Consolidated Financial Statements
3. "Non-consolidatedStatement of Changes in Equity" in the Non-consolidated Financial Statements
4. "Notes to the Non-consolidated Financial Statements" in the Non-consolidated Financial Statements

Therefore, the attached documents are a part of documents audited by the Corporate Auditors and the Accounting Auditor when they prepared the audit report.

In the event of any amendments to the electronic materials, details of such amendments will be posted on each of the websites where the materials are posted.

Request to shareholders

Shareholders who plan to attend the meeting are kindly requested to attend the meeting after taking into consideration their own physical condition on the day of the meeting. You can exercise your voting rights in advance in writing or via the Internet.

In addition, at the venue, we will take necessary measures to prevent the spread of the infection as of the day of the meeting. Your cooperation is highly appreciated.

In case a significant change arises due to the future conditions, such as the venue becomes unavailable to use, we will notify you by posting it on our website (https://www.daidoh- limited.com/)

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CONSOLIDATED BALANCE SHEET

Daidoh Limited

As of March 31, 2023

	Millions of yen
Assets:
Current assets:	13,553
Cash and deposits
Notes receivable - trade	216
Accounts receivable - trade	3,017
Inventories	6,845
Other	1,189
Allowance for doubtful accounts	(77)
Total current assets	24,744
Non-current assets:	5,597
Property, plant and equipment:
Buildings, net	4,923
Structures, net	65
Machinery and equipment, net	190
Vehicles, net	6
Tools, furniture and fixtures, net	96
Land	65
Leased assets, net	26
Construction in progress	223
Intangible assets:	1,571
Software	78
Leased assets	47
Other	1,446
Investments and other assets:	7,849
Investment securities	6,164
Leasehold and guarantee deposits	1,564
Other	461
Allowance for doubtful accounts	(340)
Total non-current assets	15,018
Total assets	39,762

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CONSOLIDATED BALANCE SHEET

Daidoh Limited

As of March 31, 2023

	Millions of yen
Liabilities:
Current liabilities:	2,380
Notes and accounts payable - trade
Short-term borrowings	6,224
Current portion of long-term borrowings	3,669
Lease liabilities	155
Income taxes payable	375
Contract liabilities	413
Deposits received	2,218
Provision for bonuses	192
Other	2,200
Total current liabilities	17,830
Non-current liabilities:	315
Long-term borrowings
Lease liabilities	1,470
Long-term guarantee deposits	2,014
Deferred tax liabilities	2,807
Retirement benefit liability	190
Other	630
Total non-current liabilities	7,428
Total liabilities	25,258
Net assets:	11,868
Shareholders' equity:
Share capital	6,891
Capital surplus	6,614
Retained earnings	1,537
Treasury shares	(3,175)
Accumulated other comprehensive income	1,812
Valuation difference on available-for-sale securities	797
Foreign currency translation adjustment	1,015
Share acquisition rights	183
Non-controlling interests	638
Total net assets	14,503
Total liabilities and net assets	39,762

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