Japan Display : Partial Amendments of the Articles of Incorporation

[Provisional Translation Only]

This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

May 12, 2023

Japan Display Inc. (Tokyo Stock Exchange Prime Market, 6740)

Representative: Scott Callon, Chairman & CEO

Inquiries: Haruhiko Sakaguchi, CFO

Telephone: [phone]

www.j-display.com/english

Partial Amendments of the Articles of Incorporation

Japan Display Inc. (JDI) today resolved to submit partial amendments to the Articles of Incorporation to the 21st Annual General Meeting of Shareholders (AGM) scheduled for June 24, 2023, as well as the General Class Meeting of holders of common shares and the Class E Preferred Shares (collectively, the "Class Meetings") scheduled on the same day.

1. Reason for the Amendments
   Based on a resolution of the Board of Directors on February 10, 2023, JDI issued the 13th stock acquisition rights to Ichigo Trust ("Stock Acquisition Rights") on March 22, 2023. JDI will change the total number of shares authorized to be issued, to prepare for the issuance of JDI common shares upon exercise of the Stock Acquisition Rights in order to broaden options for future financing methods and enable JDI to adopt a flexible capital policy.
2. Details of the Proposed Amendments
   The details of the proposed amendments are as follows.

	(Underlines denote amendments)
Current Articles of Incorporation	Proposed Amendments
(Total Number of Authorized Shares and Class	(Total Number of Authorized Shares and Class
Shares)	Shares)
Article 6	Article 6
The total number of authorized shares of the	The total number of authorized shares of the
Company shall be 10,000,000,000shares, and	Company shall be 15,000,000,000shares, and
total number of authorized class shares of the	total number of authorized class shares of the
Company shall be as follows:	Company shall be as follows:
Common shares 10,000,000,000shares	Common shares 15,000,000,000shares
Class A Preferred Shares 1,020,000,000	Class A Preferred Shares 1,020,000,000
shares	shares
Class B Preferred Shares 672,000,000	Class B Preferred Shares 672,000,000
shares	shares
Class C Preferred Shares 672,000,000	Class C Preferred Shares 672,000,000
shares	shares
Class D Preferred Shares 500 shares	Class D Preferred Shares 500 shares
Class E Preferred Shares 5,540 shares	Class E Preferred Shares 5,540 shares

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3. Schedule

(1)	Date of the AGM and the Class Meetings:	June 24, 2023 (scheduled)
(2)	Effective Date:	June 24, 2023 (scheduled)

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