Daishi Hokuetsu Financial : NOTICE OF CONVOCATION OF THE 7TH ANNUAL GENERAL MEETING OF SHAREHOLDERS

(Stock Exchange Code 7327)

May 30, 2025

(Date of commencement of electronic provision measures: May 19, 2025)

Michiro Ueguri

President and Representative Director Daishi Hokuetsu Financial Group, Inc.

1071-1 Higashiborimae-dori 7-bancho, Chuo-ku, Niigata, Niigata, Japan

Dear Shareholders:

We would like to express our appreciation for your continued support and patronage.

You are hereby notified that the 7th Annual General Meeting of Shareholders of Daishi Hokuetsu Financial Group, Inc. (the "Company") will be held for the purposes described below.

When convening this general meeting of shareholders, the Company has taken measures for electronically providing information and has posted the matters subject to the electronic provision measures on the websites of the Company and the Tokyo Stock Exchange on the Internet. You are kindly requested to access the following websites to view the information.

If you do not attend the meeting, you can exercise your voting rights in advance via the Internet or in writing. Please review the after-mentioned Reference Documents for the General Meeting of Shareholders and exercise your voting rights by 5:20 p.m. on Tuesday, June 24, 2025, Japan time.

1. Date and Time:

   Wednesday, June 25, 2025, at 10 a.m. Japan time (The reception begins at 9 a.m.)

2. Place: Daishi Hokuetsu Hall, 2nd Floor, Daishi Hokuetsu Bank, Ltd.'s head office located at 1071-1, Higashiborimae-dori, 7-bancho, Chuo-ku, Niigata, Niigata, Japan (Please refer to the "Location of General Meeting of Shareholders" attached at the end of this document (Japanese version only).)

3. Agenda: Matters to be reported: Proposals to be resolved:

   The Business Report, and the Consolidated Financial Statements and Non-consolidated Financial Statements for the Company's 7th Fiscal Year (April 1, 2024-March 31, 2025) and results of audits by the Accounting Auditor and the Audit & Supervisory Committee of the Consolidated Financial Statements Proposal 1: Election of Eight (8) Directors Not Serving as Audit & Supervisory

   Committee Members

   Proposal 2: Election of Two (2) Directors Serving as Audit & Supervisory Committee Members
4. Instructions for the Exercise of Voting Rights

   1. Methods for the exercise of voting rights

      You can exercise your voting rights by three methods: attending the meeting in person, using the Internet, and mailing the Voting Rights Exercise Form.

   2. Handling of duplicate votes

      If you have exercised your voting rights both by the Voting Rights Exercise Form and via the Internet, the vote exercised via the Internet shall be deemed effective.

      If you have exercised your voting rights several times via the Internet, only the last vote shall be deemed effective.

   3. Handling of diverse exercise

      If you wish to make a diverse exercise of your voting rights, please notify the Company of your intention of making a diverse exercise of your voting rights and the reasons thereof by three (3) days prior to the General Meeting of Shareholders.

   4. Exercise of voting rights by proxy

If you are unable to attend the meeting, you may exercise your voting rights by proxy. Such proxy must be a shareholder of the Company who holds voting rights and will be required to submit a document certifying the authority as proxy.

End

• Among the matters subject to the electronic provision measures, the following matters will not be provided in the paper copy to shareholders who made a request for delivery of documents in accordance with the provisions of laws and regulations and the Articles of Incorporation of the Company. The Audit & Supervisory Committee and the Accounting Auditors audit documents subject to auditing, including the following matters:

  1. "Matters concerning Share Acquisition Rights, etc.," "Corporate Structure to Ensure Appropriate Business Operations," "Matters concerning Specified Wholly-Owned Subsidiaries," and "Matters concerning Dealings with Parent Company, etc." in the Business Report

  2. Consolidated Statement of Shareholders' Equity and Notes to the Consolidated Financial Statements

  3. Non-consolidated Statement of Shareholders' Equity and Notes to the Non-consolidated Financial Statements

• Should any amendments be made to the matters subject to the electronic provision measures, the Company will post the notice to that effect with matters before and after the amendment on the Company website and the Tokyo Stock Exchange website, the addresses of which are provided on page 1 of this document.

The term of office of all of the nine (9) current Directors (excluding Directors serving as Audit & Supervisory Committee Members; hereinafter the same applies within this proposal) will expire at the conclusion of this Annual General Meeting of Shareholders. Accordingly, the Company proposes to elect eight (8) Directors.

The Company has established the Nomination and Remuneration Committee to ensure the opportunity to receive appropriate involvement and advice from Outside Directors on important matters such as the election and dismissal of Directors, and thereby reinforce fairness, transparency, and objectivity (the Committee is an advisory body to the Board of Directors composed of seven (7) members: five (5) Outside Directors and two

(2) Representative Directors). The appointment of the candidates for Director was decided based on the deliberations and findings of this Committee.

This proposal was discussed by the Audit & Supervisory Committee, and there were no special matters to note.

The candidates for Director are as follows: