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

We have entered into an investment management agreement 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.

The Proposing Shareholders have now announced this matter as they have sent a document to the Company exercising their shareholder proposal rights for the upcoming Ordinary General Meeting of Shareholders scheduled to be held in June, and have launched a special page.

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 materials regarding the shareholder proposal to Nissan Shatai Co., Ltd. d52343-124-f58f53aa1a504ea78f64255113854516.pdf

(Attachment 2) Full text of the agenda proposed by the Proposing Shareholders and full text of the reasons d52343-124-3364c5cc639466a05826f0fcc3d29df3.pdf

Strategic Capital Co., Ltd.

Aims to enhance corporate and shareholder value through dialogue with company management and the exercise of shareholder rights.