Note: This document has been translated from a part of 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.

(Stock Exchange Code 7607)

October 27, 2021

To Shareholders with Voting Rights:

Tetsuo Nemoto

President

SHINWA Co., Ltd.

2-9-3, Naeshiro, Moriyama, Nagoya,

Aichi 463-0046 Japan

NOTICE OF

THE 71st ANNUAL GENERAL MEETING OF SHAREHOLDERS

Dear Shareholders:

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

We are pleased to inform you that the 71st Annual General Meeting of Shareholders of SHINWA Co., Ltd. (the "Company") will be held for the purposes as described below.

Given the current situation with novel coronavirus disease (COVID-19), in order to protect shareholders' safety and prevent infections, we request that shareholders exercise their voting rights in writing or via the internet in advance, whenever possible.

Please review the attached Reference Documents for the General Meeting of Shareholders and exercise your voting rights no later than the end of the business day (6:00 p.m.), Wednesday, November 17, 2021, Japan time.

1. Date and Time: Thursday, November 18, 2021 at 10:00 a.m. Japan time

2. Place:

Conference room on the eighth floor of the Head Office, located at

2-9-3, Naeshiro, Moriyama, Nagoya, Aichi 463-0046 Japan

3. Meeting Agenda:

Matters to be reported: (1) The Business Report, Consolidated Financial Statements for the Company's

71st Fiscal Year (September 1, 2020 - August 31, 2021) and results of audits by the Accounting Auditor and the Audit and Supervisory Committee of the Consolidated Financial Statements

  1. Non-consolidatedFinancial Statements for the Company's 71st Fiscal Year (September 1, 2020 - August 31, 2021)

Proposals to be resolved:

Proposal 1: Appropriation of Surplus

Proposal 2: Election of Seven Directors (excluding Directors who are Audit and Supervisory Committee Members)

Proposal 3: Payment of Bonuses to Officers

4. Other matters relating to the convocation of the General Meeting of Shareholders

Please note that any voting right exercised without an indication of for or against a proposal on the Voting Rights Exercise Form shall be treated as an intent of approval.

- 1 -

Reference Documents for the General Meeting of Shareholders

Proposals and References

Proposal 1: Appropriation of Surplus

The Company considers the return of profits to shareholders as one of its most important management priorities and makes it a basic policy to strive for constant and stable return of profits while taking into account the progress of its business performance. In concrete terms, the Company strives to increase profit distribution through sustained increase in business performance, with a target dividend payout ratio of 30%.

Based on this basic policy, the Company proposes the following year-end dividend for the fiscal year under review. Together with the interim dividend of ¥35 per share, the annual dividend will be ¥72 per share.

We intend to use internal reserves to bolster our corporate strength and develop business going forward, while making efforts to ensure shareholder returns into the future.

1. Matters concerning year-end dividend

  1. Type of dividend assets Cash
  2. Matters concerning allocation of dividend assets and the total amount thereof

Dividend per common share of the Company: ¥37.00

Total: ¥493,957,955

  1. Effective date of dividends of surplus November 19, 2021

2. Matters concerning appropriation of other surplus

  1. Item and amount of surplus to be increased

General reserve:

¥500,000,000

(2) Item and amount of surplus to be decreased

Retained earnings brought forward:

¥500,000,000

- 2 -

Proposal 2: Election of Seven Directors (excluding Directors who are Audit and Supervisory Committee Members)

At the conclusion of this Annual General Meeting of Shareholders, the terms of office of all of the six Directors (excluding Directors who are Audit and Supervisory Committee Members) will expire. Accordingly, the Company proposes the election of seven Directors (excluding Directors who are Audit and Supervisory Committee Members), including one new candidate, based on reports from the Nomination and Remuneration Advisory Committee.

This proposal was deliberated by the Audit and Supervisory Committee and no particular objections were expressed. The candidates for Director (excluding Directors who are Audit and Supervisory Committee Members) are as follows:

No.

Name

Current positions and responsibilities at the Company

1

Tetsuo Nemoto

President; President & CEO; All company integration

[Reappointment]

2

Yoshiro Takitani

Director; Senior Managing Executive Officer;

[Reappointment]

General Manager, Overseas Business Division

Director; Managing Executive Officer;

3

Shuji Ishikawa

General Manager, Marketing Division

[Reappointment]

General Manager, Mid-Japan District Head Office

Director; Senior Executive Officer;

4

Hiroki Hamada

General Manager, Nagoya Sales Department III

[Reappointment]

Supervisor, Strategies Sales Promotion Department

Director; Senior Executive Officer;

5

Kiyoshi Kato

General Manager, Management Division

[Reappointment]

General Manager, General Affairs Department

Director; Senior Executive Officer;

6

Morihiko Okura

General Manager, Manufacturing Division

[Reappointment]

General Manager, Manufacturing Department

[New appointment]

7

Junichi Kagawa

－

[Outside]

[Independent]

- 3 -

No.

Name

Number of

Past experience, positions and responsibilities

shares of the

(Date of birth)

Company held

Tetsuo Nemoto

November 1997 Director of the Company

(September 14, 1951)

November 2001

Managing Director

[Reappointment]

November 2003 Senior Managing Director

November 2013

President

427,070

[Attendance at the

November 2020

President

President & CEO (to present)

Board of Directors

1

meetings]

14 out of 15 meetings

[Reason for nomination

as candidate for Director]

As President of the Company, Mr. Tetsuo Nemoto is responsible for the management of the Group as a whole. He has

abundant knowledge and experience in the marketing, manufacturing and management divisions, and is also well-versed in

operations in general. He has also demonstrated strong leadership based on his extensive experience and appropriately

fulfilled his role to make important decisions and supervise execution of duties of Directors. Therefore, the Company has

judged that he is qualified as Director of the Company and has once again nominated him as a candidate for Director.

April 2000

Director of SHINWA INTEC Co., Ltd. (secondment)

November 2011 Director of the Company

Yoshiro Takitani

November 2016

Managing Director

November 2018 Senior Managing Director

(December 2, 1963)

November 2020 Director, Senior Managing Executive Officer (to present)

[Reappointment]

[Significant concurrent positions]

Chairman of SHINWA U.S.A. CORPORATION

26,069

[Attendance at the

President of SHINWA INTEC Co., Ltd.

President of SHINWA (INDIA) ENGINEERING & TRADING PRIVATE

2

Board of Directors

LIMITED

meetings]

Chairman of SHINWA REPRESENTAÇÃO COMERCIAL DO BRASIL LTDA.

15 out of 15 meetings

Representative Director of PT. SANTAKU SHINWA INDONESIA

President of SHINWA INTEC MALAYSIA SDN. BHD.

President of SHINWA ENGINEERING S.A. de C.V.

Chairman of SHINWATEC LIMITED

[Reason for nomination

as candidate for Director]

Mr. Yoshiro Takitani has been responsible for the management of the overseas subsidiaries for many years before his return

to Japan. After his return, he has overseen the Overseas Business Division as Director and has been significantly

contributing to the improvement of the overseas division's business performance of the Company. Therefore, the Company

has judged that he is qualified as Director of the Company and has once again nominated him as a candidate for Director.

Shuji Ishikawa

April 2008

General Manager, Nagoya Sales Department III of the Company

(July 10, 1969)

April 2012

General Manager, Nagoya Sales Department II

November 2015

Executive Officer

[Reappointment]

General Manager, Nagoya Sales Department II

November 2016

Director

24,871

[Attendance at the

November 2018

Managing Director

3

Board of Directors

November 2020 Director, Managing Executive Officer (to present)

meetings]

[Significant concurrent positions]

15 out of 15 meetings

Executive Director of SHINWA (SHANGHAI) Co., Ltd.

[Reason for nomination

as candidate for Director]

Mr. Shuji Ishikawa has been responsible for sales to the Company's major clients for many years. He currently oversees the

Marketing Division as Director. He has been significantly contributing to the improvement of the domestic sales division's

business performance as a whole, based on his experience in sales to date. Therefore, the Company has judged that he is

qualified as Director of the Company and has once again nominated him as a candidate for Director.

- 4 -

No.

Name

Number of

Past experience, positions and responsibilities

shares of the

(Date of birth)

Company held

Hiroki Hamada

April 2007

General Manager, Nagoya Sales Department I of the Company

April 2010

Executive Vice President and COO of SHINWA U.S.A.

(June 1, 1968)

CORPORATION (secondment)

[Reappointment]

December 2012

General Manager, Nagoya Sales Department III of the Company

November 2015

Executive Officer

25,599

[Attendance at the

General Manager, Nagoya Sales Department III

November 2017

Managing Executive Officer

Board of Directors

General Manager, Nagoya Sales Department III

4

meetings]

November 2019

Director

15 out of 15 meetings

November 2020

Director, Senior Executive Officer (to present)

[Reason for nomination

as candidate for Director]

Mr. Hiroki Hamada has been responsible for sales to the Company's major clients for many years. He currently oversees

the Nagoya Sales Department III and the Strategies Sales Promotion Department as Director. He also has a wide range of

experience in sales as a person responsible for the overseas subsidiaries, including overseas work assignments, and has

been significantly contributing to the improvement of the Company's business performance. Therefore, the Company has

judged that he is qualified as Director of the Company and has once again nominated him as a candidate for Director.

Kiyoshi Kato

April 2007

Assistant Manager, Nagoya Sales Department III of the

Company

(September 26, 1964)

December 2008

Assistant Manager, Accounting Department and Manager,

[Reappointment]

Purchasing Section

April 2010

General Manager, Purchasing Department

9,837

November 2015

Executive Officer

[Attendance at the

General Manager, Purchasing Department

Board of Directors

November 2016

Executive Officer

5

meetings]

General Manager, General Affairs Department

15 out of 15 meetings

November 2019

Director

November 2020

Director, Senior Executive Officer (to present)

[Reason for nomination

as candidate for Director]

Mr. Kiyoshi Kato served in the sales division of the Company for many years before being transferred to the Management

Division to serve as General Manager of the Purchasing Department. He currently oversees the General Affairs Department

as Director. He has experience in both sales and management divisions, and is capable of making balanced judgments.

Therefore, the Company has judged that he is qualified as Director of the Company and has once again nominated him as a

candidate for Director.

April 1985

Joined TOYOTA MOTOR CORPORATION

March 1999

Toyota Motor North America, Inc. (secondment)

Morihiko Okura

January 2006

Head, Technical Management Office, Body Production

Engineering Department

(August 4, 1962)

April 2015

General Manager, Process Improvement Department

[Reappointment]

January 2019

Executive Officer,

Deputy General Manager, Manufacturing Division, and

4,170

[Attendance at the

General Manager, Manufacturing Department of the Company

(secondment)

Board of Directors

October 2020

Joined the Company

meetings]

6

Executive Officer,

11 out of 11 meetings

Deputy General Manager, Manufacturing Division, and

General Manager, Manufacturing Department (to present)

November 2020

Director, Senior Executive Officer (to present)

[Reason for nomination

as candidate for Director]

From TOYOTA MOTOR CORPORATION, Mr. Morihiko Okura was seconded to the Company in January 2019 and

joined it in October 2020. He currently oversees the Manufacturing Division as Director. With his extensive expertise,

know-how, and human networks gained through years of experience at TOYOTA MOTOR CORPORATION, he has

achieved great results not only at the manufacturing division but also at the sales division of the Company. Therefore, the

Company has judged that he is qualified as Director of the Company and has once again nominated him as a candidate for

Director.

- 5 -

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Shinwa Co. Ltd. published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 01:07:06 UTC.