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NSSOL Public Shareholders Support Proposals Seeking to Prohibit and Require Greater Transparency Regarding the Company’s Deposits with Nippon Steel
TOKYO, June 30, 2026--3D Investment Partners Pte. Ltd., which provides discretionary investment management services to a fund (collectively with the fund as "3D") that is the largest minority shareholder of NS Solutions Corporation ("NSSOL" or the "Company") (TSE Code: 2327.T), submitted two shareholder proposals at NSSOL’s 46th Annual General Meeting of Shareholders held on June 19, 2026. The two shareholder proposals were as follows: Proposal No. 2 to amend the Company’s Articles of Incorporat
About this update from Ns Solutions Corp
3D Investment Partners Issues Open Letter to NSSOL's Outside Directors Requesting a Meeting to Discuss the General Meeting Voting Results and the Board's Plan for Responding to Clear Public Shareholder Feedback TOKYO, June 30, 2026--(BUSINESS WIRE)--3D Investment Partners Pte. Ltd., which provides discretionary investment management services to a fund (collectively with the fund as "3D") that is the largest minority shareholder of NS Solutions Corporation ("NSSOL" or the "Company") (TSE Code: 2327.T), submitted two shareholder proposals at NSSOL's 46th Annual General Meeting of Shareholders held on June 19, 2026. The two shareholder proposals were as follows: Proposal No. 2 to amend the Company's Articles of Incorporation to prohibit deposits placed with Nippon Steel Corporation, NSSOL's parent company, and Proposal No. 3 to require the disclosure of the deposit terms, the basis for making the deposits and the policy for their review and withdrawal. Based on the voting results disclosed by NSSOL in its Extraordinary Report filed on June 23, 2026, both shareholder proposals received affirmative votes from approximately 60% of public shareholders, as indicated in the table below. These results clearly demonstrate that the majority of public shareholders are concerned about the deposits placed with Nippon Steel, which impair NSSOL's corporate value, and are unequivocally calling for the withdrawal of these deposits and for transparent verification and explanation of that process. In light of these vote results, 3D has issued an open letter requesting a meeting with NSSOL's Outside Directors, who are duty-bound to protect the interests of public shareholders, to convey 3D's perspectives on NSSOL's deposits and to understand how the Company's Board of Directors intends to respond to this clear message from public shareholders. Link to the Open Letter: https://www.3dipartners.com/engagement/nssol-letter-to-board-of-directors-en-202606.pdf 3D will maintain its constructive dialogue with NSSOL to advance the withdrawal of the Company's deposits with Nippon Steel. We respectfully ask that our fellow public shareholders support our efforts by continuing to engage with NSSOL, standing together with us as public shareholders. [For Reference] Content of the Shareholder Proposals