On February 20, 2024, 3D Investment Partners Pte Ltd announced that it has published a presentation to shareholders of Fuji Soft Incorporated, regarding its shareholder proposals to enhance Board oversight and accountability and maximize corporate value at the Company, which will be presented at the Company?s annual general meeting of shareholders scheduled to be held on March 15, 2024. In addition, 3D Investment stated that it believed that the appointment of one additional external corporate auditor will enhance the effectiveness of the above review process, and proposed the appointment of Stephen Givens, as an outside corporate auditor of the Company, 3D Investment stated that if the board of directors determines not to accept the take-private proposal, the share price at that point would be significantly lower than the intrinsic value based on the new medium-term management plan, and it believed that respective proposals will help maximize Company's corporate value by enhancing the effectiveness of the strategic review process and closing the large gap between Company?s market price and its intrinsic value if the Board determines not to accept the take-private proposals.