Yushin Precision Equipment : Notice of Convocation for the 50th Ordinary General Meeting of Shareholders

Note: 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: 6482

June 2, 2023

Dear Shareholders,

Notice of Convocation for

the 50th Ordinary General Meeting of Shareholders

We would like to express our deepest appreciation for your continued support and patronage.

Notice is hereby given that the 50th Ordinary General Meeting of Shareholders of YUSHIN PRECISION EQUIPMENT CO., LTD. will be held as set out below:

This General Meeting of Shareholders has adopted electronic provision measures. Therefore, in accordance with Article 325-3 of the Companies Act, we have posted the electronic provision measure matters on our website on the Internet (https://ir.ype.co.jp/en/stock/meeting.html), where you can check the details.

In addition to our website, we have also posted the matters on the Tokyo Stock Exchange (TSE) web- site (https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show), where you can access the matters by 1) searching for "YUSHIN" in the issue name (company name) filed or "6482" in the code field, 2) selecting "Basic Information" - "Documents for Public Inspection/PR Information."

If you do not intend to attend the meeting in person, you may exercise your voting rights in writing or by electromagnetic means (the Internet and others). Please refer to the enclosed Reference Documents for the General Meeting of Shareholders and exercise your voting rights no later than 5 p.m. on Tuesday, June 20, 2023 (JST.)

Details

1. Date and Time:Wednesday, June 21, 2023 at 10 a.m.

2. Place:	Conference Room on the 6th Floor,
	Head Office of YUSHIN PRECISION EQUIPMENT CO., LTD.
	555 Kuzetonoshiro-cho,Minami-ku, Kyoto

3. Objectives of the Meeting:

Matters to be reported:	a)	Business Report and Consolidated Financial Statements for the
		50th Fiscal Year (from April 1, 2022 to March 31, 2023) as well as
		the audit reports from the Accounting Auditor and the Board of
		Corporate Auditors on the Consolidated Financial Statements
	b)	Report on the Non-Consolidated Financial Statements for the 50th
		Fiscal Year (from April 1, 2022 to March 31, 2023)

Agenda for resolution:

Proposal: Election of Eight (8) Directors

Sincerely Yours,

Takayo Kotani

Representative Director and President

YUSHIN PRECISION EQUIPMENT CO., LTD.

555 Kuzetonoshiro-cho,Minami-ku,

Kyoto, Japan

- 1 -

Notes:

In the event of any modifications to electronic provision measures matters, the information before and after the modifications will be posted on the respective websites listed on the previous page.

Among electronic provision measures matters, "Consolidated Statements of Changes in Equity", "Basis of Preparing Consolidated Financial Statements and other Notes", "Statements of Changes in Equity" and "Significant Accounting Policies and other notes" are not included in the documents delivered to shareholders who have requested delivery of such documents, pursuant to the provisions of laws and regulations and Article 14, Paragraph 2 of the Articles of Incorporation of the Company.

Besides, "Consolidated Statements of Changes in Equity", "Basis of Preparing Consolidated Financial Statements and other Notes", "Statements of Changes in Equity" and "Significant Accounting Policies and other notes" were audited by the Accounting Auditor and the Corporate Auditor as part of the Consolidated Financial Statements and the Non-consolidated Financial Statements in preparing the Audit Report.

- 2 -

Reference Documents for the General Meeting of Shareholders

Proposal:Election of Eight (8) Directors

The terms of all of the Directors (8 members) will expire at the conclusion of this General Meeting of Shareholders.

Therefore, the Company is asking shareholders to vote for these eight (8) Director nominees. The nominees are as follows.

Current position in

Areas of responsibility,

No.

Name

and representation of

the Company

other organizations

1

Takayo Kotani

Reappointment

Representative Director and

President

2

Kota Oda

Reappointment

Director and

General Manager of

Executive Vice President

Administration Division

General Manager of

3

Yasushi Kitagawa

Reappointment

Executive Managing Director

Manufacturing Division

and General Manager of

Purchasing Division

4

Tomohiro Inano

Reappointment

Managing Director

General Manager of

Sales Division

5

Masahito Fukui

Reappointment

Director

Corporate Management

Reappointment

Chairman of YAMADA

6

Yasuo Nishiguchi

Director

Consulting Group Co.,

External

Independent

Ltd.

Reappointment

Professor emeritus at

7

Hiroshi Matsuhisa

Director

Kyoto University

External

Independent

Reappointment

Outside Director of

LUCKLAND CO., LTD.

8

Reiko Nakayama

Director

(Audits Committee)

Outside Director of

External

Independent

Mandom Corporation

- 3 -

	No.			Name				Career summary, position, areas of responsibility,
			(Date of birth)				and representation of other organizations
								Reappointment
							April 2008	Joined the Company
							October 2008	Manager of R&D Section
							April 2009	General Manager of R&D Department
							April 2019	Executive Officer and General Manager of R&D Department
							June 2019	Executive Officer and General Manager of R&D Division
							June 2020	Managing Director and General Manager of R&D Division
				Takayo Kotani		October 2020	Director and Executive Vice President
				(August 26, 1977)			and General Manager of R&D Division
1				June 2021	Representative Director and President (to present)

Number of shares held: 1,968,532 shares

Reasons for appointment:

Takayo Kotani has been involved in R&D, promotion of development strategies and management, and has a wealth of experience and accomplishments. Her achievements have been socially recognized, such as receiving the Japan Society of Mechanical Engineers Prize for the development of robot technology. Since June 2021, she has served as Representative Director and President, taking the lead in formulating management strategies for sustainable growth and strengthening the Company's organizational structure. The Company has nominated her as a Director because she is expected to strengthen the decision-making and supervisory functions of the Board of Directors.

			Reappointment
		October 2015	Joined the Company
			as General Manager of General Affairs Department
		April 2019	Executive Officer
			and General Manager of General Affairs Department
		June 2020	Director
			and General Manager of General Affairs Department
		June 2021	Managing Director
2	Kota Oda		and General Manager of General Affairs Department
(June 10, 1978)	June 2022	Director and Executive Vice President
			and General Manager of Administration Division (to present)
	Number of shares held: 15,000 shares

Reasons for appointment:

Kota Oda has extensive experience and achievements in overseeing and managing corporate divisions. As Executive Vice President since June 2022, he has provided leadership in formulating strategies for the Company's sustainable growth and strengthening the organizational structure. The Company has nominated him as a candidate for Director because he is expected to continue to strengthen the decision-making and supervisory functions of the Board of Direc- tors.

- 4 -

	No.			Name				Career summary, position, areas of responsibility,
			(Date of birth)				and representation of other organizations
								Reappointment
						September 2007	Joined the Company
						November 2007	Deputy General Manager of Manufacturing Division
						April 2008	Deputy General Manager of Manufacturing Division
								and Quality Assurance Department
						April 2009	Executive Officer,
								Deputy General Manager of Manufacturing Division
								and Quality Assurance Department
						August 2009	Executive Officer, General Manager of Manufacturing Division
								and Quality Assurance Department
						June 2010	Director and General Manager of Manufacturing Division
								and Quality Assurance Department
						June 2013	Managing Director and General Manager of Manufacturing Division
				Yasushi Kitagawa			and Quality Assurance Department
3				June 2017	Executive Managing Director
				(August 12, 1958)
						and General Manager of Manufacturing Division
								and Quality Assurance Department
							July 2020	Executive Managing Director
								and General Manager of Manufacturing Division
							June 2021	Executive Managing Director
								and General Manager of Manufacturing Division
								and General Manager of Purchasing Division (to present)
				Number of shares held: 11,000 shares

Reasons for appointment:

Yasushi Kitagawa has been involved in the management and operation of production and purchasing, and thus has extensive experience and achievements in the business. The Company has nominated him for Director as he is expected to strengthen the decision-making and supervisory functions of the Board of Directors.

			Reappointment
		June 1989	Joined the Company
		August 2005	General Manager of YUSHIN PRECISION
			EQUIPMENT TRADING (SHENZHEN) CO., LTD.
		April 2008	General Manager of Chinese Area and YUSHIN
			PRECISION EQUIPMENT TRADING (SHENZHEN) CO., LTD.
		July 2009	Assistant to General Manager of Sales Division
		February 2010	Deputy General Manager of Sales Division
4	Tomohiro Inano	March 2011	General Manager of Sales Division
March 2014	Executive Officer and General Manager of Sales Division
(December 13, 1962)
	June 2017	Director and General Manager of Sales Division
		June 2022	Managing Director and General Manager of Sales Division
			(to present)
	Number of shares held: 10,400 shares

Reasons for appointment:

Tomohiro Inano has been involved in the management and operation of sales and has extensive experience in the busi- ness. The Company has nominated him for as a Director because he is expected to strengthen the decision-making and supervisory functions of the Board of Directors.

- 5 -