Strategic Capital Co., Ltd. Announces Shareholder Proposal to Nissan Shatai Co., Ltd. and Launch of Special Page Regarding the Proposal

We have entered into a discretionary investment contract with INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN－UP (hereinafter referred to as the "Fund"), and the Fund and our company (hereinafter collectively referred to as the "Proposing Shareholders") have continuously held more than 300 voting rights of Nissan Shatai Co., Ltd. (hereinafter referred to as "the Company") for more than six months.

We hereby announce that the Proposing Shareholders have recently sent a document to the Company to exercise their shareholder proposal rights at the Company's ordinary general meeting of shareholders scheduled to be held in June, and have also launched a special page regarding this matter.

For a detailed explanation of the shareholder proposal, please refer to Attachment 1 of this press release or the special page (https://stracap.jp/7222-NISSANSHATAI.pdf).

(Attachment 1) Explanatory Material Regarding Shareholder Proposal to Nissan Shatai Co., Ltd.

d52343-124-f58f53aa1a504ea78f64255113854516.pdf

(Attachment 2) Full Text of the Agenda and Reasons Proposed by the Proposing Shareholders

d52343-124-3364c5cc639466a05826f0fcc3d29df3.pdf

Strategic Capital Co., Ltd.

We aim to improve corporate and shareholder value through dialogue with company management and the exercise of shareholder rights.