Fuyo General Lease : Notice of the 56th Annual General Meeting of Shareholders

To our shareholders:

(Securities Code: 8424)

(Dispatch Date): June 3, 2025 (Electronic Provision Measures Commencement Date): May 27, 2025

Hiroaki Oda,

President and Chief Executive Officer

5-1-1, Kojimachi, Chiyoda-ku, Tokyo

We hereby announce that the 56th Annual General Meeting of Shareholders (the "Meeting") of Fuyo General Lease Co., Ltd. (the "Company") will be held as indicated below.

At the time of convening this General Meeting of Shareholders, the information that constitutes the content of reference documents for the General Meeting of Shareholders, etc. will be provided in electronic format (Matters subject to Measures for Providing Information in Electronic Format) and will be posted online on the following Company website.

In addition to the aforementioned website, matters subject to measures for providing information in electronic format will be posted on the Tokyo Stock Exchange (TSE) website. Access the following TSE website (TSE Listed Company Search), enter "Fuyo General Lease Co., Ltd." in the "Issue name (company name)" field or the Company's Securities Code "8424" in the "Code" field and click "Search," select "Basic Information," then check the "Public Documents" under the "Public Information/PR Information" tab.

If you will not attend the Meeting in person, you can exercise your voting rights via the Internet, etc. or in writing. Please review the attached Reference Documents for the General Meeting of Shareholders and exercise your voting rights in accordance with the guidance on pages 2 to 4. In addition, please consider viewing the livestream via the Internet on the day of the General Meeting of Shareholders, as detailed in the guidance on page 5.

1. Date and Time: Tuesday, June 24, 2025, at 10:00 a.m. (JST) (Reception will open at 9:00 a.m.)
2. Venue: Bellesalle Hanzomon, 2nd floor, Sumitomo Fudosan Hanzomon Ekimae Building 1-6-4, Kojimachi, Chiyoda-ku, Tokyo
3. Purpose of the Meeting

Financial Statements for the 56th fiscal year (from April 1, 2024 to March 31, 2025), and the results of audits of the Consolidated Financial Statements by the Independent Accounting Auditor and the Audit & Supervisory Board

2. The Non-consolidated Financial Statements for the 56th fiscal year (from April 1, 2024 to March 31, 2025)

Proposal No. 2: Election of Nine (9) Directors Proposal No. 3: Election of Three (3) Audit &

Supervisory Board Members

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Institutional Investors

• Institutional investors may use the ICJ platform to electronically exercise voting rights.

  Notes on Exercise of Voting Rights

  • If voting rights are exercised in duplicate via the Internet, etc., and also using the Voting Form, the exercise of voting rights via the Internet, etc. will be treated as valid.

  • If voting rights are exercised multiple times via the Internet, etc., the final instance of exercise of voting rights will be treated as valid.

  • If you do not indicate your approval or disapproval for each proposal on the Voting Form, it will be treated as if you have indicated your approval.

  • When attending the Meeting, you are kindly requested to present the Voting Form at the reception.

  • If you wish your proxy to attend the Meeting, you are requested to appoint another shareholder of the Company who has voting rights as your proxy, and he/she will be required to present documentary proof of his/her authority to exercise your voting rights in addition to the Voting Form.

  • If you diversely exercise your voting rights, you are requested to notify the Company in writing or by electromagnetic means of your intention to do so and state the reason for this no later than three days before this Meeting.

  ◎ In the event of revision to matters subject to measures for electronic provision, the matters before and after revision will be posted online to that effect on each of the websites mentioned on page 1.

  ◎ Shareholders who request delivery of documents will also be sent a document detailing the matters subject to measures for providing information in electronic format; however, in accordance with laws and regulations and the articles of incorporation, the following matters are posted online on each of the websites mentioned on page 1 and will not be included in the documentation. Accordingly, the following documents (i) through (iii), which will be sent to shareholders who have requested delivery of documents, are part of the Business

  Report, Consolidated Financial Statements and Non-consolidated Financial Statements audited by the Audit & Supervisory Board Members when preparing the audit report, and in addition are part of the Consolidated Financial Statements and Non-consolidated Financial Statements audited by the Independent Accounting Auditor when preparing the accounting audit report.

  1. Business Report

     Major Business Activities, Major Business Offices, Employee Status, Other Important Matters related to the Current Status of the Corporate Group, Status of Share Acquisition Rights, Status of Independent Accounting Auditor, Systems to Ensure the Appropriateness of Operations and Operational Status of the Systems

  2. Consolidated Financial Statements

     Consolidated Statements of Shareholders' Equity and Notes to the Consolidated Financial Statements

  3. Non-consolidated Financial Statements

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

◎ Shareholders who have not requested delivery of documents and would prefer to receive a document detailing the matters subject to measures for providing information in electronic format by mail for subsequent Annual General Meetings of Shareholders are requested to complete the procedures for requests for the delivery of paper-based documents by March 31, 2026. For further details on procedures, please contact your securities company or the Company's Administrator of Shareholder Registry, Mizuho Trust & Banking Co., Ltd.

◎ Please note that notifications of resolutions of the General Meeting of Shareholders will be posted online on the Company's website mentioned on page 1 instead of being sent in writing.

Deadline for exercising voting rights To be received no later than Monday, June 23, 2025, 5:20 p.m. (JST)

Matters to be noted

• If voting rights are exercised in duplicate via the Internet and also using the Voting Form, only the exercise of voting rights via the Internet will be treated as valid.

• If voting rights are exercised multiple times via the Internet, the last instance will be treated as the valid

exercise of voting rights.

If you have any inquiries about the operation of a smartphone or a personal computer regarding the exercise of voting rights via the Internet, please contact the dedicated helpline on the right-hand side:

Internet Help Dial, Stock Transfer Agency Department Mizuho Trust & Banking Co., Ltd.

Tel: 0120-768-524 (toll free only from Japan)

(Business hours: 9:00 a.m. to 9:00 p.m., excluding year-end and New Year holidays)

To enable shareholders to view the General Meeting of Shareholders, it will be livestreamed via the Internet.

1. Date and Time of Stream

   From 10:00 a.m. on Tuesday, June 24, 2025, until the end of the General Meeting of Shareholders

2. How to Watch

   1. If watching on a smartphone or tablet device

      If you use a camera app or barcode reader app to scan the QR code* provided on the "Notification of Livestreaming of the 56th Annual General Meeting of Shareholders of Fuyo General Lease Co., Ltd." sent out with this Notice of Convocation, a web browser will launch and you will be able to view the livestream.

   2. If watching on a personal computer/if you are unable to log in using the QR code*

      If you access the URL provided on the "Notification of Livestreaming of the 56th Annual General Meeting of Shareholders of Fuyo General Lease Co., Ltd." sent out with this Notice of Convocation, enter your ID and password, and click the "Log in" button, you will be able to view the livestream.

      * "QR code" is a registered trademark of DENSO WAVE INCORPORATED.

3. Points of Attention in Relation to Viewing the Livestream

   1. Shareholders viewing the livestream will be able to watch the General Meeting of Shareholders, but this will not be recognized as attendance at the General Meeting of Shareholders under the Companies Act, and therefore you will be unable to exercise voting rights or make any statements, including questions. Regarding the exercise of voting rights, please exercise your voting rights in advance using the methods explained on pages 2 to 4.

   2. Shareholders may face inconveniences such as disruption to video or audio from the livestream or being unable to view the livestream, owing to the impact of the devices used, the telecommunications environment, and other factors.

   3. Any expenses incurred when watching the livestream, such as telecommunications fees, will be borne by shareholders.

   4. Acts such as the filming, recording of video, recording of sound, or saving of the livestream, or its public release on social media (SNS), etc., are strictly prohibited.

   5. If the Company is unable to provide the livestream owing to unavoidable circumstances, notification will be provided on the Company's website (https://www.fgl.co.jp/).

4. Information for Shareholders Attending the General Meeting of Shareholders

   In consideration of the privacy of shareholders attending the meeting, the video will only show the area around the officers' seats, filmed from the rear of the venue. However, please understand that there may be cases when the Company is unable to prevent shareholders attending the meeting from appearing in the video.

5. Inquiries

Please contact the Stock Transfer Agency Department of Mizuho Trust & Banking Co., Ltd. with any inquiries.

Toll-free: 0120-288-324 (Business hours: 9:00 a.m. to 5:00 p.m. on weekdays)

[Reference: Post-Stream]

We plan to share some of the video footage from the livestream on the Company's website approximately one week after the end of the General Meeting of Shareholders.