On February 8, 2023, Nagahori Corporaiton announced to the shareholders that before deciding and announcing opinion on shareholder proposals from Re Generation Inc., the Company will express its concerns and questions to the Proposing Shareholder Representative, Tomonari Obata, and other directors candidates. The Company will be asked questions directly, and opportunities to receive detailed explanations will be provided to obtain information from director candidates including Mr. Obata. Therefore, on January 31, 2023, the Company sent a facsimile to the Proposing Shareholder through a lawyer representing asking for interviews with all director candidates, including Mr. Obata.

However, the Proposing Shareholder insisted on a one-on-one interview with only the Representative Director of the Company and Mr. Obata. So, the Company inform to shareholders that have sent a "questionnaire" to the Proposing Shareholder by facsimile, considering that matters related to the qualifications and eligibility of the 4 candidates, including Mr. Obata, are necessary or helpful for the decisions of shareholders at the Extraordinary General Meeting of Shareholders.