Convocation Notice of the 21st Ordinary General Meeting of Shareholders

May 23, 2024 at 10:00 PM UTC · Issued by Hokuhoku Financial Group, Inc.

This is a partial translation of the original Japanese "Convocation Notice of the 21st Ordinary General Meeting of Shareholders", prepared for the convenience of non-resident shareholders. In case of any discrepancy between any part of this translation and the original Japanese text, the Japanese original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

Securities Code: 8377

May 30, 2024

Dear Shareholders:

Hiroshi Nakazawa

President

Hokuhoku Financial Group, Inc.

1-2-26Tsutsumicho-dori,Toyama-city, Toyama

Convocation Notice of the 21st Ordinary General Meeting of Shareholders

This is to inform you that the 21st Ordinary General Meeting of Shareholders of Hokuhoku Financial Group, Inc. ("the Company") will be held as described below.

In convening this General Meeting of Shareholders, the Company has taken measures to electronically provide the matters subject to the electronic provision measures, which constitutes the content of the reference documents for the General Meeting of Shareholders, etc., and has posted the matters subject to the electronic provision measures on the website as Convocation Notice of the 21st Ordinary General Meeting of Shareholders. To review the information, please access any of the following websites.

[Hokuhoku Financial Group website ("the Company's website")] https://www.hokuhoku-fg.co.jp/stocks/generalmeeting/

[Tokyo Stock Exchange website (Listed Company Search) ("TSE website")] https://www2.jpx.co.jp/tseHpFront/JJK010010Action.do?Show=Show

(Please access TSE website, and search by "Issue name" (Hokuhoku Financial Group,) or "Code" (8377), select "Basic information" and then "Documents for public inspection/PR information" to review

If you are unable to attend the meeting, you may exercise your voting rights in writing or by electromagnetic method (via the Internet etc.). Please exercise voting rights after careful examination of the Reference Documents for the General Meeting of Shareholders by 5:00 p.m., on Thursday June 20, 2024.

1. Date and time: Friday June 21, 2024 at 10:00 a.m.

2. Place:	2nd floor Conference Hall
	Hotel Polestar Sapporo
	Kita 4-jo Nishi 6-chomeChuo-kuSapporo-city Hokkaido

	The 21st Ordinary General Meeting of Shareholders is to be
	held in Sapporo-city, so please note that the venue of the
	meeting is different from that of the last year.

- 1 -

3. Agenda:

Matters to be reported:

The 21st business year (April 1, 2023 through March 31, 2024) Business Report, the Non-Consolidated Financial Statements, the Consolidated Financial Statements, and the Audit Report on Consolidated Financial Statements by the Accounting Auditor and the Audit and Supervisory Committee.

Matters to be resolved:

Proposal 1: Appropriation of Surplus

Proposal 2: Election of Seven (7) Directors (Excluding Directors serving as Member of Audit and Supervisory Committee)

Proposal 3: Election of Three (3) Directors serving as Member of Audit and Supervisory Committee

◎For this General Meeting of Shareholders, the Company has sent all shareholders the documents providing the matters subject to the electronic provision measures, regardless of whether a request for the delivery for the documents is made or not.

Among the matters subject to the electronic provision measures, the following matters are not provided in the documents delivered to shareholders under the provisions of laws and regulations and Articles of Incorporation of the Company.

In addition, the Audit and Supervisory Committee and Accounting Auditor audits on audit target documents that include the following matters.

"Matters concerning Share Acquisition Rights, etc.," and "Corporate Structure to Ensure Appropriate Business Operations."

Consolidated statements of changes in shareholder's equity and Notes on Consolidated Financial Statements of Consolidated Financial Statements.

Non-Consolidatedstatements of changes in shareholder's equity and Notes on Non- Consolidated Financial Statements of 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's website and TSE website.

◎If you wish to exercise your voting rights through a proxy, you must appoint only one (1) proxy from shareholders with voting rights and submit a letter of attorney attached with the Voting Rights Exercise Form to the receptionist. Please note that non-shareholders can not attend the meeting.(Excludes accompanying persons with physical disabled shareholders.)

4. Exercise of Voting Rights

If you attend the meeting, please present the enclosed Voting Rights Exercise Form to the reception desk.
If you are unable to attend the meeting, please exercise voting rights by any of the following methods.

Exercise of Voting Rights in Writing
Please indicate your approval or disapproval of the proposals on the Voting Rights Exercise Form enclosed herewith, and send back to arrive by 5:00 p.m., on Thursday June 20, 2024.
Exercise of Voting Rights by Electromagnetic Method (via the Internet, etc.) Exercise your voting rights by following the instructions on the next page. Your voting rights are to be exercised by 5:00 p.m., on Thursday June 20, 2024.

- 2 -

Guidance Notes on filling in the Voting Rights Exercise Form

Please indicate for or against about each proposal.

Proposal 1

When you are for the proposed proposal, mark ○ in the "for" box, and when you are against the proposal, mark○ in the "against" box.

Proposals 2 and 3

When you are for all of the proposed persons in the proposal, mark ○ in the "for" box, and when you against all in the proposal, mark ○ in the "against" box.

If you are against certain candidates, mark ○ in the "for" box, and also write the candidate number for each candidate you are against inside the parentheses.

◎No indication on the voting form of your approval or disapproval for any proposal shall be treated as an indication of approval.

◎If you send Voting Rights Exercise Form multiple times, the last vote cast shall be treated as the valid vote.

◎If you exercise your voting rights by electromagnetic method more than once, the last vote cast shall be the valid vote.

◎If you exercise your voting rights both by mail(in writing) and by electromagnetic method (via the Internet), we will only accept, as effective, the exercise of your voting rights via the Internet.

Guidance Notes on the Exercise of Voting Rights by the Internet

You can access the Voting Rights Exercise Website by scanning the QR code without entering your Code and Password.

Scan the QR Code at the lower right-hand side of the Voting Rights Exercise Form. ※「QR Code」is registered trade mark of DENSO WAVE INCORPORATED
Enter for or against following the directions on the website.
You can exercise your voting rights only one time by scanning the QR Code to log in. If you exercise your voting rights more than once, follow the instructions below to access the Voting Rights Exercise Website.

You can access the Voting Rights Exercise Website by entering your Code and Password
Voting Rights Exercise Website: https://soukai.mizuho-tb.co.jp/

Access the Voting Rights Exercise Website.
Enter the Code for the Exercise of Voting Rights described on the Voting Rights Exercise Form, and click the "next" button.
Enter the Password described on the Voting Rights Exercise Form, and register your new password.
Then, please indicate whether you are for or against each of the items following the directions on the website.

For Inquiries with respect to the Exercise of Voting Rights via the Internet (only in Japan)

Stock Transfer Agency Department

Mizuho Trust and Banking Co., Ltd.

Telephone: 0120-768-524(toll-free, only in Japan)

Operating Hours: 9:00 a.m. to 9:00 p.m. (excluding the New Year's holiday)

Reference: Exercise of Voting Rights via the electronic voting platform

Institutional investors may use the electronic voting platform for institutional investors operated by Investor Communications Japan, Inc.

- 3 -

Reference Documents

Proposal 1: Appropriation of Surplus

Our dividend policy is to ensure financial foundation and stable distribution of dividends, aiming for medium to long-term growth and improvement of corporate value of the group. We propose JPY 3.00 increase in year-end dividend per common share to JPY 40.00 as below, considering the business results of this fiscal year.

(1) Type of dividend property:	Cash
(2) Matters concerning the allocation and total amount of dividend property：
			(Dividend per share)	(Dividend amount)
	Common shares		¥40.00	¥4,983,349,160
	1st series Type 5 preferred shares	¥7.50	¥ 402,861,903
	Total			¥ 5,386,211,063

(Notes) There were no interim dividends for common shares in the end of 2nd quarter. Interim and year-end dividends for 1st series Type 5 preferred shares are JPY 7.50 per share respectively, as specified in advance. Interim dividend amount for 1st series Type 5 preferred shares is ¥ 483,434,280.

(3) Date on which dividends from surplus shall be effective: Monday June 24, 2024

- 4 -

Proposal 2: Election of Seven (7) Directors (Excluding Directors serving as Audit and Supervisory Committee Members)

The terms of office of all seven (7) Directors (excluding Directors serving as Audit and Supervisory Committee Members; hereinafter referred to as "Director" in this proposal) will expire upon the conclusion of this Ordinary General Meeting of Shareholders.

Therefore, we propose the election of seven (7) Directors.

The Audit and Supervisory Committee has deliberated on this proposal and has notified that each candidate is qualified for the position of Director of the Company.

The candidates for Directors are as follows:

			Number of		Current Position
No.	Candidate's Name	Years in	Gender
at the Company
			Office


					President
1	Hiroshi Nakazawa	Reappointment	5		Member of the
Male	Nomination and
					Compensation
					Committee
					Deputy President
2	Yuji Kanema				Member of the
Reappointment	7	Male	Nomination and
					Compensation
					Committee
3	Masahiko Kobayashi	Reappointment	5	Male	Director

4	Yoshimasa Takada	Reappointment	3	Male	Director

5	Yoshikazu Sakamoto	Reappointment	2	Male	Director

6	Taro Nishino	New	―	Male	Executive officer
		Appointment

7	Naohisa Otsuka	New	―	Male	Executive officer
Appointment

- 5 -

Name (Date of birth)

Career Summary (Titles and Assignments in the Company and subsidiary banks and concurrent positions of other organizations)

Hiroshi Nakazawa (March 21, 1963)

Reappointment

Attendance at meetings of the Board of Directors: 11/11meetings (100%) Attendance at meetings of the Nomination and Compensation Committee: 7/7meetings (100%)

April 1986	Joined the Hokuriku Bank, Ltd.
April 2005	General Manager of Ninomiya Branch of the said
June 2007	bank
General Manager of Kotoni Branch of the said bank
April 2009	General Manager of Asakusa Branch of the said bank
June 2011	General Manager of Fukui Branch of the said bank
June 2014	General Manager of Planning Division of the said
June 2016	bank
Executive Officer and General Manager of Head
June 2017	Office Business Division of the said bank
Director, Executive Officer and General Manager of
June 2018	Head Office Business Division of the said bank
Director, Managing Executive Officer and Head of
June 2019	Toyama Regional Business Division of the said bank
Director of the Company
June 2020	Director and Managing Executive Officer of the
June 2021	Hokuriku Bank, Ltd.
Director, Managing Executive Officer and Head of
	Tokyo Regional Business Division of the said bank
	Director of the Company (In charge of Business
June 2022	Planning Department)
President and Representative Director of the Hokuriku
	Bank, Ltd. (present position)
	President of the Company (present position)

(Important concurrent position of other organization)

President and Representative Director of the Hokuriku Bank, Ltd.

Type and Number of Shares of the Company held

Common shares 16,815 shares

(Reasons for election of the candidate for Director)

He is well-acquainted with the general business, and has abundant business experience, having been engaged in General Manager and Head of Regional Business Division, as a member of the Group since 1986. Moreover, he has abundant management experience as the President of the Company and the President and Representative Director of the Hokuriku Bank, Ltd.

The Company has selected him as a candidate for Director because the utilization, as a member of the Board of Directors, of his experience and expert knowledge is expected to strengthen the effectiveness of the decision-making and supervisory functions of the Board of Directors.

(Especially Expected Skills)

Corporate management, Consulting, Financial market, Global affairs, IT/DX, GX, Finance, Financial Accounting

- 6 -

	Name (Date of birth)			Type and Number
No		Career Summary (Titles and Assignments in the Company and subsidiary	of Shares of the
		banks and concurrent positions of other organizations)	Company held
2	Yuji Kanema (June 11, 1964)	Reappointment	Common shares
	Attendance at meetings of the Board of Directors: 11/11meetings (100%)	9,819shares

	Attendance at meetings of the Nomination and Compensation
	Committee: 6/7meetings (86%)
		April 1987	Joined the Hokkaido Bank, Ltd.
		January 2002	General Manager of Hanakawa Branch of the said
		July 2003	bank
		Manager and head of Managerial Planning Group of
		October 2005	the said bank
		General Manager of Managerial Planning Division of
			the said bank
		July 2011	Supervisor of Toriimae area and General Manager of
		April 2013	Toriimae Branch of the said bank
		Executive Officer in charge of sales in Okhotsk
			Region and General Manager of Kitami Branch of the
		June 2015	said bank
		Executive Officer in charge of sales in Sapporo,
		June 2016	Ishikari and Sorachi Region of the said bank
		Director, Managing Executive Officer and Head of
		June 2017	Planning and Management Section of the said bank
		Director of the Company
		June 2019	Director of the Company (Deputy in charge of
			Planning Group and Administration Group)
		June 2021	Executive Officer of the Hokuriku Bank, Ltd.
		President and Representative Director of the
			Hokkaido Bank, Ltd. (present position)
			Deputy President and Representative Director of the
		April 2023	Company
		Deputy President and Representative Director of the
			Company(In charge of SX Promotion Department)
			(present position)

(Important concurrent position of other organization)

President and Representative Director of the Hokkaido Bank, Ltd. (Reasons for election of the candidate for Director)

He is well-acquainted with the general business, and has abundant business experience, having been engaged in Head of Managerial Planning Division and Executive Officer in charge of sales in several regions, as a member of the Group since 1987. Moreover, he has abundant management experience as the Deputy President and Representative Director of the Company and the President and Representative Director of the Hokkaido Bank, Ltd.

(Especially Expected Skills)

Corporate management, HR management, Consulting, Financial market, IT/DX, GX, Finance, Financial Accounting

- 7 -

	Name (Date of birth)			Type and Number
No		Career Summary (Titles and Assignments in the Company and subsidiary	of Shares of the
		banks and concurrent positions of other organizations)	Company held
3	Masahiko Kobayashi	(January 4, 1964)	Reappointment	Common shares
	Attendance at meetings of the Board of Directors: 11/11meetings (100%)	12,700 shares


		April 1987	Joined the Hokuriku Bank, Ltd.
		January 2006	Deputy General Manager of Asahikawa Branch of the
		June 2007	said bank
		General Manager of Obihiro Branch of the said bank
		June 2010	General Manager of Kanazawa Minami Chuo Branch
		June 2012	of the said bank
		General Manager of Shinjuku Branch of the said bank
		June 2014	General Manager of Sapporo Branch of the said bank
		June 2016	General Manager of Planning Division of the said
		June 2017	bank
		Executive Officer and General Manager of Planning
		June 2019	Division of the said bank
		Director and Managing Executive Officer of the said
			bank
			Director of the Company (In charge of Planning
			Group and Administration Group)
		June 2021	Executive Officer of the Hokkaido Bank, Ltd.
		Director of the Company (In charge of Corporate
		June 2022	Planning Department)
		Director of the Company (In charge of Business
		June 2023	Planning Department)
		Director of the Company (In charge of Business
			Planning Department and DX Promotion
			Department/Deputy in charge of SX Promotion
			Department) (present position)
			Director and Senior Managing Executive Officer of
			the Hokuriku Bank, Ltd. (present position)

(Important concurrent position of other organization)

Director and Senior Managing Executive Officer of the Hokuriku Bank, Ltd.

(Reasons for election of the candidate for Director)

He is well-acquainted with the general business, and has abundant business experience, having been engaged in business promotion and corporate planning, etc., as a member of the Group since 1987. Moreover, he has abundant management experience as the Director of the Company and the Director and Senior Managing Executive Officer of the Hokuriku Bank, Ltd.

(Especially Expected Skills)

Corporate management, HR management, Consulting, IT/DX, GX, Finance, Financial accounting

- 8 -

	Name (Date of birth)			Type and Number
No		Career Summary (Titles and Assignments in the Company and subsidiary	of Shares of the
		banks and concurrent positions of other organizations)	Company held
4	Yoshimasa Takada	(February 28, 1965)	Reappointment	Common shares
	Attendance at meetings of the Board of Directors: 11/11meetings (100%)	11,562 shares


		April 1989	Joined the Hokkaido Bank, Ltd.
		April 2004	Manager and head of Retail Business Group of the
		October 2005	said bank
		Head of Retail Business Division of the said bank
		October 2006	General Manager of Hayakita Branch of the said bank
		June 2009	Head of Business Planning Division of the said bank
		October 2012	Head of Managerial Planning Division of the said
		June 2014	bank
		Supervisor of Tsukisamu area and General Manager
		June 2017	of Tsukisamu Branch of the said bank
		Executive Officer in charge of Business Planning of
		June 2018	the said bank
		Executive Officer and Deputy Head of Sales
			Promotion Section in charge of Business Planning of
		June 2020	the said bank
		Director, Managing Executive Officer and Head of
			Sales Promotion Section of the said bank (present
		June 2021	position)
		Director of the Company (Deputy in charge of
		June 2023	Business Planning Department)
		Director of the Company (Deputy in charge of
			Business Planning Department, SX Promotion
			Department, and DX Promotion Department)
		June 2024	(present position)
		Deputy President and Representative Director of the
			Hokkaido Bank, Ltd. (scheduled)

(Important concurrent position of other organization)

Deputy President and Representative Director of the Hokkaido Bank, Ltd. (scheduled)

(Reasons for election of the candidate for Director)

He is well-acquainted with the general business, and has abundant business experience, having been engaged in business planning, etc., as a member of the Group since 1989. Moreover, he has abundant management experience as the Director of the Company and the Director and Managing Executive Officer of the Hokkaido Bank, Ltd.

(Especially Expected Skills)

Corporate management, Consulting, Global affairs, IT/DX, GX, Finance, Financial accounting

- 9 -

	Name (Date of birth)			Type and Number
No		Career Summary (Titles and Assignments in the Company and subsidiary	of Shares of the
		banks and concurrent positions of other organizations)	Company held
5	Yoshikazu Sakamoto	(September 3, 1963)	Reappointment	Common shares
	Attendance at meetings of the Board of Directors: 11/11meetings (100%)	3,251shares

		April 1987	Joined the Hokuriku Bank, Ltd.
		June 2007	General Manager of Mikuni Branch of the said bank
		January 2010	General Manager of Kanazawa Tonyamachi Branch
		June 2012	of the said bank
		General Manager of Toyama Ekimae Branch of the
		June 2015	said bank
		General Manager of Shibuya Branch of the said bank
		June 2017	General Manager of Osaka Branch of the said bank
		June 2019	Executive Officer and General Manager of Loan
		June 2021	Division of the said bank
		Director and Executive Officer of the said bank
			Executive Officer of the Company (In charge of Loan
		June 2022	Planning)
		Director and Managing Executive Officer of the said
			bank (present position)
			Director of the Company (In charge of Loan
			Planning) (present position)

(Important concurrent position of other organization) Director and Executive Officer of the Hokuriku Bank, Ltd.

(Reasons for election of the candidate for Director)

He is well-acquainted with the general business, and has abundant business experience, having been engaged in General Manager and Head of Loan Division, as a member of the Group since 1987. Moreover, he has abundant management experience as the Director of the Company and the Director and Managing Executive Officer of the Hokuriku Bank, Ltd. The Company has selected him as a candidate for Director because the utilization, as a member of the Board of Directors, of his experience and expert knowledge is expected to strengthen the effectiveness of the decision-making and supervisory functions of the Board of Directors.

(Especially Expected Skills) Consulting, Finance

- 10 -