Fuji Oil : NOTICE OF THE 97TH ORDINARY GENERAL MEETING OF SHAREHOLDERS

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Note: This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail. To Shareholders with Voting Rights: Mikio Sakai Representative Director FUJI OIL CO., LTD. (Securities Code: 2607) June 6, 2025 1 Sumiyoshi-cho, Izumisano-shi, Osaka, Japan NOTICE OF THE 97TH ORDINARY GENERAL MEETING OF SHAREHOLDERS You are cordially invited to attend the 97th Ordinary General Meeting of Shareholders of FUJI OIL CO., LTD. (the "Company"). The Meeting will be held as described below. Date and Time: Friday, June 27, 2025 at 10:00 a.m. (JST) (reception opens at 9:00 a.m.) Venue: Hotel Royal Classic Osaka 3F Uruwashi 4-3-3, Namba, Chuo-ku, Osaka-shi, Osaka, Japan Agenda of the Meeting: Matters to be reported: Business Report, Consolidated Financial Statements for the 97th Fiscal Term (from April 1, 2024 to March 31, 2025) and results of audits by the Accounting Auditor and the Audit and Supervisory Committee of the Consolidated Financial Statements Non-consolidated Financial Statements for the 97th Fiscal Term (from April 1, 2024 to March 31, 2025) Proposals to be resolved: Proposal No. 1: Appropriation of Surplus Proposal No. 2: Election of Eight (8) Directors (excluding Directors who also serve as Audit and Supervisory Committee Members) Proposal No. 3: Election of One (1) Substitute Director who also serves as an Audit and Supervisory Committee Member When convening the Meeting, the Company takes measures for providing information that constitutes the content of reference documents for the general meeting of shareholders, etc. (matters subject to measures for electronic provision) in electronic format, and posts this information on the websites below. Please access them to review the information. Website/ Information on general meetings of shareholders Website containing documents for general meetings of shareholders https://www.fujioil.co.jp/ir/stock/shareholders_meeting/ (in Japanese) https://d.sokai.jp/2607/teiji/ (in Japanese) The matters subject to measures for electronic provision are listed on the Group portal® (Sumitomo Mitsui Trust Bank, Limited). Please either scan the QR code on notification for the exercise of voting rights or access the following website and enter your login ID and password. Group portal®: https://www.soukai-portal.net (in Japanese) If revisions are made to the matters subject to measures for electronic provision, a notice containing the matters before and after revision will be posted on the websites listed above. Procedures of requesting paper-based copies of documents for general meeting of shareholders When requesting paper-based copies of Reference Documents for the General Meeting of Shareholders for future meetings, please submit a separate request for paper-based copies to the securities company in which you hold shares or to the Shareholder Registry Administrator (Sumitomo Mitsui Trust Bank Transfer Agent 0120-533-600) (shareholders who have already completed the procedures do not need to submit a request again). Matters subject to measures for electronic provision (Matters excluded from delivered paper-based documents) Among the matters subject to measures for electronic provision, the following matters are not provided to shareholders requesting paper-based copies, as per laws and the provisions of the Articles of Incorporation. The Audit and Supervisory Committee and the Accounting Auditor have audited the documents subject to audit, including the following matters. The following matters on the Business Report: "Update on Property and Profits/losses" "Details of Main Businesses" "Main Business Locations and Factories" "Update on Share Warrants, etc." "Systems for Ensuring Proper Business Operations" The following matters on the Consolidated Financial Statements: "Consolidated Statements of Shareholders' Equity" "Notes to Consolidated Financial Statements" The following matters on the Non-consolidated Financial Statements: "Statements of Shareholders' Equity" "Notes to Non-consolidated Financial Statements" Reference Documents for the General Meeting of Shareholders Proposal No. 1: Appropriation of Surplus Based on the policy of targeting a dividend payout ratio of 30-40%, the Company has positioned the payment of stable dividends after accounting for the maintenance of internal reserves necessary for future business development and strategic investment for growth as its important shareholder profits-return policy. The Company proposes to distribute year-end dividends for the 97th Fiscal Term as detailed below. Kind of dividend property Cash Matters regarding the assignment of dividend property and the total value thereof 26 yen per share of common stock of the Company Total value of dividends: 2,237,930,526 yen The day on which such distribution of dividend of surplus takes effect June 30, 2025 Proposal No. 2: Election of Eight (8) Directors (excluding Directors who also serve as Audit and Supervisory Committee Members) As the term of office for all eight (8) Directors (excluding Directors who also serve as Audit and Supervisory Committee Members; the same applies below.) will expire upon the conclusion of this General Meeting of Shareholders, we propose to elect eight (8) Directors. The Company's Audit and Supervisory Committee has held discussions and investigations based on the report of the Nomination and Compensation Advisory Committee regarding this proposal and provided its opinion that all candidates for Director are qualified. The candidates for Directors are as follows. [Reference] The Management System Approved in Proposal No. 2 Diversity of Directors Ratio of Independent Outside Directors 54.5% (6 of 11) Ratio of Female Directors 18.2% (2 of 11) No. Name Gender Current positions and responsibilities in the Company Years of service Candidate for Director 1 Tatsuji Omori (April 28, 1960) Male President and CEO Newly Chief Executive Officer (CEO) elected 4 years and 0 months 2 Hiroyuki Tanaka (January 3, 1968) Male Director Senior Executive Officer, Chief Operating Reelected Officer (COO) 3 years and 0 months 3 Sunao Maeda (November 2, 1967) Male Director Senior Executive Officer, Chief Financial Officer Reelected (CFO) 1 year and 0 months 4 Toshiyuki Umehara (September 3, 1957) Male Reelected Director Outside Independent Director 4 years and 0 months 5 Tomoko Tsuji (August 16, 1956) Female Reelected Director Outside Independent Director 3 years and 0 months 6 Rie Nakagawa (August 10, 1968) Female Reelected Director Outside Independent Director 2 years and 0 months 7 Yoshihiro Tachikawa (January 7, 1971) Male Reelected Director Outside Director 2 years and 0 months 8 Tetsuya Sogo (December 3, 1959) Male Newly elected - Outside Independent Director - Director who also serves as an Audit and Supervisory Committee Member (currently serving) Yusuke Togawa (November 26, 1963) Male Director (full-time Audit and Supervisory Committee Member) 1 year and 0 months Hirohiko Ikeda (June 21, 1960) Male Director (Audit and Supervisory Committee Outside Member) Independent Director 3 years and 0 months Yasuhiro Tani (October 11, 1956) Male Director (Audit and Supervisory Committee Outside Member) Independent Director 1 year and 0 months No. Name Skills matrix (areas where each individual is particularly likely to demonstrate his or her expertise and experience) Corporate managerial experience R&D/ Technology International business Sustainability Sales/ Marketing Production (Safety, quality and environment) Candidate for Director 1 Tatsuji Omori ● ● ● ● 2 Hiroyuki Tanaka ● ● ● 3 Sunao Maeda ● ● 4 Toshiyuki Umehara ● ● ● ● 5 Tomoko Tsuji ● ● ● 6 Rie Nakagawa ● ● ● ● 7 Yoshihiro Tachikawa ● ● ● 8 Tetsuya Sogo ● ● Director who also serves as an Audit and Supervisory Committee Member (currently serving) Yusuke Togawa Hirohiko Ikeda ● Yasuhiro Tani ● ● No. Name Skills matrix (areas where each individual is particularly likely to demonstrate his or her expertise and experience) Finance/ Accounting Legal compliance Talent development IT/Digital Supply chain management Candidate for Director 1 Tatsuji Omori ● ● 2 Hiroyuki Tanaka ● ● 3 Sunao Maeda ● ● 4 Toshiyuki Umehara ● 5 Tomoko Tsuji 6 Rie Nakagawa ● ● ● 7 Yoshihiro Tachikawa 8 Tetsuya Sogo ● Director who also serves as an Audit and Supervisory Committee Member (currently serving) Yusuke Togawa ● ● ● ● Hirohiko Ikeda ● Yasuhiro Tani ●

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