Articles of Association

Chapter 1 General Provisions

1. Article 1 Business Name
2. Article 2 Purposes
3. Article 3 Location of head office and branch offices
4. Article 4 method of public notices

Chapter 2 Shares

1. Article 5 Total number of shares authorized to be issued
2. Article 6 Value of one share
3. Article 7 Types of shares
4. Article 8 Types of share certificates
5. Article 8.2 Number and content of preferred stock
6. Article 8.3 Number of shares and content of redeemable preferred stock
7. Article 9 Preemptive rights to subscribe for new shares
8. Article 9.2 Record date of dividend payout for new shares
9. Article 9.3 Capital increase by public offering
10. Article 9.4 Stock options
11. Article 10 Issue at market price
12. Article 11 Transfer agent
13. Article 11.2 filing of addresses, names, sealimpressions of shareholders, etc.)
14. Article 12 Closing of share register and fixed date
15. Article 13 Issuance of bonds
16. Article 13.2 Issuance of convertible bonds
17. Article 13.3 Issuance of bond with warrants
18. Article 13.4 Provisions applicable to issuance of bonds

Chapter 3 General Meeting of Sharehoders

1. Article 14 Time for convening
2. Article 15 Party wit h authority to convene
3. Article 16 Public announcement of notice of convocation
4. Article 17 Place of convocation
5. Article 18 Chairman
6. Article 19 Right of Chairman to maintain order
7. Article 20 Voting rights of shareholders
8. Article 21 Disunited exercise of voting rights
9. Article 22 Proxy voting
10. Article 23 Resolution method at general meeting of shareholders
11. Article 24 Matters subject to resolution
12. Article 25 Minutes of general meeting of shareholders

Chapter 4 Directors, Board of Directors and audit Committee

1. Article 26 Number of directors
2. Article 27 Election of directors
3. Article 27.2 Qualifications of outside director
4. Article 28 Term of office of director
5. Article 28.2 Dismissal of director and vacancy
6. Article 29 By-election to fill a vacancy for a director
7. Article 30 Representative director
8. Article 30.2 Chairman
9. Article 30.3 Agenda items
10. Article 31 Duties of director
11. Article 31.2 Director’s obligation to report
12. Article 31.0 Responsibilities of director
13. Article 31.4 Committee within the Board of Directors
14. Article 32 Audit committee
15. Article 32.2 Duties of audit committee
16. Article 32.3 Minutes of audit committee meeting
17. Article 33 Outside director candidate recommendation committee
18. Article 34 Convening and composition of Board of Directors
19. Article 35 Resolution method at Board of Directors meeting
20. Article 36 Matters subject to resolution
21. Article 37 Minutes of Board meeting
22. Article 38 Remuneration and severance pay of director
23. Article 39 Consultants and adviseors
24. Article 39.2 Election and remuneration of executive team

Chapter 5 Computation

1. Article 40 Business year
2. Article 41 Preparation and safekeeping of Financial statements
3. Article 42 Disposition of profit
4. Article 43 Distribution of profits
5. Article 43.2 Quarterly dividend
6. Article 44 Extinctive prescription of claim for dividend payment