Business
Oasis Proposes Truly Independent Outside Director Candidate for Exeo AGM to Accelerate Growth and Improve Corporate Governance (Securities Code: 1951 JT)
HONG KONG, May 28, 2026--Oasis Management Company Ltd. ("Oasis") is the manager to funds that beneficially own shares of Exeo Group, Inc. (1951 JT) ("Exeo" or the "Company"). Oasis has adopted the Japan FSA's "Principles of Responsible Institutional Investors" (a.k.a. the Japan Stewardship Code) and, in line with those principles, Oasis monitors and engages with its investee companies.
About this update from Exeo Group, Inc.
[{"type":"text","content":"* Exeo share price performance has lagged industry peers","length":56,"tagName":"p","attribs":{}},{"type":"text","content":"* Exeo Board lacks knowledge and experience in Systems Solutions business, Exeo’s key growth sector","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"* Former NTT Group executives account for overwhelming majority of Exeo internal directors, raising serious concerns over corporate governance","length":142,"tagName":"p","attribs":{}},{"type":"text","content":"* Oasis urges shareholders to vote FOR its shareholder proposal to appoint Tomoshiro Takemoto as an outside director, a candidate who possesses deep expertise and extensive experience in the IT and cloud services sectors","length":220,"tagName":"p","attribs":{}},{"type":"text","content":"More information available at www.ExeoCorpGov.com","length":49,"tagName":"p","attribs":{}},{"type":"text","content":"HONG KONG, May 28, 2026--(BUSINESS WIRE)--Oasis Management Company Ltd. ("Oasis") is the manager to funds that beneficially own shares of Exeo Group, Inc. (1951 JT) ("Exeo" or the "Company"). Oasis has adopted the Japan FSA's "Principles of Responsible Institutional Investors" (a.k.a. the Japan Stewardship Code) and, in line with those principles, Oasis monitors and engages with its investee companies.","length":449,"tagName":"p"},{"type":"text","content":"Exeo’s share price performance has significantly lagged behind peers. Compared to January 2021, Exeo’s share price has risen only +99%, while its peers such as Kandenko (+662%), Takasago Thermal Engineering (+487%), Kinden (+387%), Taikisha (+159%) and NS Solutions (+134%) have all recorded substantial gains.","length":310,"tagName":"p"},{"type":"text","content":"Oasis has been working to aid the growth of Exeo by improving its corporate governance through continuous dialogue as a long-term shareholder. Through multiple letters and meetings with the Board of Directors and Investor Relations department, Oasis has urged Exeo to focus on growth businesses through diversification of its Board of Directors. As part of these efforts, at the beginning of this year, Oasis nominated Mr. Tomoshiro Takemoto, who possesses deep knowledge and experience in the Systems Solutions business — Exeo’s key growth area, including cloud services and data center-rel...