SB Technology : Notice of the 35th Annual General Meeting of Shareholders （779K）

Dear shareholders,

We would like to express our appreciation for your continued support and understanding. We hereby inform you that our 35th Annual General Meeting of Shareholders will be held as described below.

The fiscal year ended March 31, 2023 (FY 2022) marked the beginning of our fourth Medium-Term Management Plan (FY 2022-FY 2024). Aligning with customers, we have promoted digital transformation (DX) and sharpened our competitive edge.

In the first year of the plan, we strove to establish a solid foundation for significant future growth and improve profitability in each area of our business. The Telecommunication area shifted to higher value-added projects and increased efficiency, which led to a greater profit margin. The Enterprise area saw an increase in cloud building projects while our security services progressed steadily. In the Public Sector area, the solutions we developed and built in the previous fiscal year entered the operation phase, and we focused on streamlining operations.

As a result, we achieved record-high numbers in net sales, operating profit, and ordinary profit, increasing operating profit margin. This marked a good start for us to enter the second year of the fourth Medium-Term Management Plan.

I appreciate your continued understanding and support.

Shinichi Ata

President & CEO

This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

Securities Code: 4726 May 29, 2023 (Electronic provision of information starts on: May 24, 2023)

To Shareholders with Voting Rights:

Shinichi Ata, Representative

Director, President & CEO

SB Technology Corp.

6-27-30, Shinjuku, Shinjuku-ku,

Tokyo, Japan

Convocation Notice of the 35th Annual General Meeting of Shareholders

We hereby inform you that the 35th Annual General Meeting of Shareholders (the "Meeting") of SB Technology Corp. (the "Company") will be held as described below.

When convening this Meeting, we have taken measures for electronic provision and have posted matters subject to electronic provision as "Notice of the 35th Annual General Meeting of Shareholders" on the following websites:

The Company's website

https://www.softbanktech.co.jp/en/ir/stock/shareholders/

In addition to the website above, the materials are also available at the following website: Tokyo Stock Exchange website (Listed Company Search) https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

To find the notice, access the Tokyo Stock Exchange website, enter and search for the Company's issue name or securities code, select "Basic information" and go to "Documents for public inspection/PR information."

Instead of attending the Meeting in person, you can exercise your voting rights via the Internet or in writing. Please review the Reference Documents for the Annual General Meeting of Shareholders and exercise your voting rights no later than 5:45 p.m. Japan time on Friday, June 16, 2023.

Please carefully consider whether to attend the Meeting in person or to view the livestreaming taking into account the latest circumstances surrounding the spread of COVID-19 and your health condition on the day of the Meeting.

No souvenirs are prepared for attending shareholders at the Meeting. We appreciate your understanding.

1. Date and Time: Monday, June 19, 2023 at 10:00 a.m. Japan time (Reception opens at 9:30 a.m.)

2. Place:	The Company's conference room
	Shinjuku Eastside Square 17F
	6-27-30, Shinjuku, Shinjuku-ku, Tokyo

3. Meeting Agenda:

Matters to be reported: 1. Business Report, Consolidated Financial Statements for the 35th fiscal year

(April 1, 2022 to March 31, 2023) and results of audits by the Independent Auditor and the Audit & Supervisory Board of the Consolidated Financial Statements.

2. Non-consolidated Financial Statements for the 35th fiscal year (April 1, 2022 to March 31, 2023)

Proposals to be resolved:

Proposal 1: Appropriation of Surplus

Proposal 2: Election of Nine (9) Members of the Board

• For those attending the Meeting on the day, please submit the enclosed voting rights exercising form to the reception desk.
• Any revisions to the information provided electronically will be posted on the websites described above.
• Of the matters subject to electronic provision, the matters listed below are not included in the paper copy to be sent to shareholders who have requested it, pursuant to laws and regulations and Article 16 of the Articles of Incorporation of the Company. Therefore, the paper copy is part of the documents that were audited by Audit & Supervisory Board Members and the Independent Auditor in preparing their Audit Reports.

Business Report: Overview of Systems to Ensure Appropriateness of Business Operations and Its Implementation Status

Consolidated Financial Statements: Consolidated Statement of Changes in Equity and Notes to Consolidated Financial Statements

Non-consolidated Financial Statements: Non-consolidated Statement of Changes in Equity and Notes to Non-consolidated Financial Statements

• For shareholders who have not requested the delivery of a paper copy, the Company delivers the Reference Documents for the Annual General Meeting of Shareholders, in addition to the matters provided by laws and regulations.

Guidance on livestreaming

The 35th Annual General Meeting of Shareholders will be broadcast live on the Company's website.

How to view the livestreaming:	Livestreaming URL
	https://web.sharely.app/login/softbanktech35
	1.	Enter the URL to access the livestreaming page.
	2.	Once you access the page, follow instructions on the screen to log
		in by clicking on "Are you an overseas resident?" and entering your
		shareholder number and number of shares held.
Release date and time:	Monday, June 19, 2023 at 10:00 a.m. Japan time

• Voting rights cannot be exercised, and questions cannot be answered through the livestream.
• If for any reason the livestream cannot be provided, notice will be given on the Company's website.
• Meeting is provided in Japanese.

Guidance on asking questions and making comments via the Internet

Questions and comments from all shareholders are accepted via the Internet.

(We are accepted questions/comments via the Internet in Japanese.)

How to submit questions/comments:	Prior question format URL
	https://web.sharely.app/e/softbanktech35/pre_question
	1.	Enter the URL to access the prior question format page.
	2.	Once you access the page, follow instructions on the screen to
		log in by clicking on "Are you an overseas resident?" and
		entering your shareholder number and number of shares held.
	3.	When you reach the prior question format, use the button to
		select a meeting agenda, enter a question of up to 150
		characters, and then click the submit button at the lower right
		of the page.
Acceptance deadline:	No later than 6:00 p.m. Japan time on Friday, June 9, 2023

• There is no need to enter your name, address, etc. For purposes of protecting personal information, please do not provide any personal information.

Inquiry about the websites

If you have any technical questions about the livestreaming website or the prior question website, see the list of frequently asked questions (FAQ) for shareholders at the following URL: https://sharely.zendesk.com/hc/ja/sections/360009585533

*Instructions are written in Japanese.

If you experience trouble when logging in or working with the websites on the day of the Meeting, contact the support desk below. Please note that the support desk is not able to answer any questions regarding the meeting agenda or other contents of the General Meeting of Shareholders.

[Support desk for livestream viewing]

Exclusive number for Sharely users: [phone]

Time available: From 9:00 a.m. Japan Time to the end of the Meeting on June 19, 2023 (on the day of the Meeting)

*Support desk service is provided in Japanese.

Notes on the livestreaming and prior questions

• Shareholders viewing the livestreaming will not be recognized as having attended the General Meeting of Shareholders according to the Companies Act. Accordingly, via the livestream, shareholders will not be allowed to ask questions, exercise their voting rights, or propose a motion, which are shareholder rights at general meetings of shareholders. To exercise voting rights, shareholders are asked to vote by postal mail using the Voting Form or via the Internet (details are described separately) or take advantage of proxy voting on the day of the Meeting by granting power of attorney to a proxy.
• Depending on the environment of your PC or smartphone (model, features, etc.) and the Internet connection environment (network line status, communication speed, etc.), you may experience problems with the images or sound of the livestreaming.
• Communication charges to view the livestreaming will be at the shareholder's expense.
• The Company prohibits the sharing of image or voice data with any other third party, showing the video in public, copying or transferring the data, or disclosing the login method to any other third party.
• When livestreaming from the place of the Meeting, we intend to pay due consideration to the shareholders' privacy and film only the Chairman and the area surrounding the seats of the executives, but please note we may not be able to completely avoid images of attending shareholders from appearing on the stream.
• Among questions we received in advance, we will answer the questions that we consider to be more relevant for shareholders at the Meeting. Please note that we will not be able to answer all questions.