TACHI S : Notice of Resolution of the 71st Annual General Meeting of Shareholders

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.

Securities code: 7239

June 24, 2022

To Our Shareholders,

Yuichiro Yamamoto

Representative Director & President

3-3-7Matsubara-cho,Akishima-shi, Tokyo

Notice of Resolution of the 70th Annual General Meeting of Shareholders

TACHI-S CO., LTD. ("the Company") hereby announces the reports and resolutions adapted at the 70th Annual General Meeting of Shareholders ("the Meeting") as follows.

Matters reported to the shareholders:

1. Business Report, the consolidated financial statements, and audit report of the consolidated financial statements by the Independent Auditors and Audit & Supervisory Board for the 70th term (from April 1, 2021 to March 31, 2022)
2. Report of the non-consolidated financial statements for the 70th term (from April 1, 2021 to March 31, 2022)

The above contents were reported.

Matters approved by the shareholders:

Proposal 1: Partial Amendment to Articles of Incorporation

This resolution was approved as proposed.

Proposal 2: Election of nine Directors

This resolution was approved as proposed. Messrs. Taro Nakayama, Yuichiro Yamamoto, Kiyoshi Saito, Atsushi Komatsu, Toshio Kinoshita, Hidetaka Mihara and Yoshiaki Nagao were re-elected and Messrs. Takao Itou and Shigeo Komatsu were newly elected, and have assumed their position as Directors.

Proposal 3: Election of one Audit & Supervisory Board Member

This resolution was approved as proposed. Mr. Naozumi Matsui was re-elected, and has assumed his position as Audit & Supervisory Board Member.

Proposal 4: Revisions to the Articles of Incorporation with regard to the disclosure of cost of equity

This resolution was rejected.

Proposal 8: Revisions to the Articles of Incorporation with regard to cross-shareholdings This resolution was rejected.

Shareholder Proposals 5 and 6 in the Notice of the Meeting were not included in the agenda for the Meeting since the proponents had withdrawn them and the Company had agreed to the withdrawal. Also, Proposal 7 in the Notice of the Meeting was not an agenda item for resolution since the proponents expressed its intention to withdraw the proposal at the Meeting and the withdrawal was approved by the shareholders present at the Meeting.

For details regarding the matters for reporting and approval, please refer to the Corporation's website. (https://www.tachi-s.co.jp/en/en_shareholder/en_annual_meeting.html)

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Payment of Year-end Dividends

At the Board of Directors meeting of May 13, 2022, the Corporation decided that the year-end dividend will be 31.8 yen per share. The documents related to payment were enclosed in Notice of the 70th Annual General Meeting of Shareholders sent on June 2, 2022.

Please note that you can receive the year-end dividend by July 8(Friday), 2022 using the "Year-end Dividend Receipt". Please visit your nearest Japan Post Bank or post office to receive your year-end dividend by the due date.