Notice of Convocation of the 53rd Annual Shareholders Meeting

To Our Shareholders:

Stock code: 6425

March 12, 2026

Tomohiro Okada, Representative Director and President Universal Entertainment Corporation

Ariake Frontier Building Tower A, 7-26, Ariake 3-chome, Koto-ku, Tokyo

We would like to take this opportunity to thank you for your support of Universal Entertainment Corporation ("Universal Entertainment" or the "Company"). We will hold the 53rd Annual Shareholders Meeting as follows.

In convening the meeting, the Company has taken measures for electronic provision. Please review the next page and confirm the Reference Documents for the Annual Shareholders Meeting.

If you are unable to attend the meeting, you may exercise your voting rights in writing or by using the internet in advance. Please review the Reference Documents for the Annual Shareholders Meeting on pages 5 to 15 and, as explained in "Exercising your voting rights" on the pages 3 and 4, submit your votes by no later than 6:00 p.m. on Thursday, March 26, 2026.

2. Non-consolidated Financial Statements for the Company's 53rd Fiscal Year (January 1, 2025 - December 31, 2025)

Proposal No. 1: Election of Six Directors (Excluding Directors Who are Members of the Audit & Supervisory Committee)

Proposal No. 2: Election of One Substitute Director Who is a Member of the Audit & Supervisory Committee

In accordance with the electronic provision measure as provided for in Article 325 -3 of the Companies Act, items provided electronically can be viewed using the internet on the following websites. Please use any of these websites to view this information.

https://www.universal-777.com

Use the menu (or three-line icon on the upper right) to select, in order, Company/IR, Investor Information and IR Library.

Reference documents are in the shareholders meeting column.

https://d.sokai.jp/6425/teiji/

https://www2.jpx.co.jp/tseHpFront/JJK020010Action.do?Show=Show

Enter Universal Entertainment in the company name box or 6425 in the securities code box and click search. On the Universal Entertainment page, select Basic Information and then Documents for public inspection/PR information. Notice of General Shareholders Meeting /Informational Materials for a General Shareholders Meeting are in the filed information available for public inspection section.

• When you attend the meeting in person, please submit the invitation card that is enclosed with this shareholders meeting notice at the reception desk.

• At this shareholders meeting, regardless of whether or not a request for the delivery of a paper document is made, a paper document containing the items to be provided electronically will be sent to all shareholders in a uniform manner. In accordance with laws and regulations and Article 25 of the Articles of Incorporation, the following three items, which are part of the information distributed electronically, are not included in the paper documents provided to shareholders. The Audit and Supervisory Committee and the Accounting Auditor have audited documents subject to audit, including the following items.

  1. Systems to ensure the propriety of business operation and its operational status in the Business Report

  2. Notes to the Consolidated Financial Statements

  3. Notes to the Non-consolidated Financial Statements

* If there are revisions to the electronically distributed information, notification of the revisions and the information before and after revisions will be posted on the three websites listed at the beginning of this shareholders meeting notice.

Exercising your voting rights

Please exercise your voting rights after reviewing the Reference Documents for the Annual Shareholders Meeting shown below (pages 5 to 15).

There are three ways to exercise your voting rights.

Exercise of Voting Rights through Attendance at Shareholders' Meetings

Please present the Voting Rights Exercise Form at the reception desk on arrival at the meeting. Please also bring this shareholders meeting notice.

If you plan to attend the meeting in person, you do not need to exercise your voting rights in writing or via the internet.

Friday, March 27, 2026, 10:00 a.m.

(The reception desk will open at 9:00 a.m.)

If you are unable to attend the shareholders' meeting

Exercise of Voting Rights by Written Proxy

Please vote on the proposals in the Voting Rights Exercise Form that is enclosed with this shareholders meeting notice, and return it by the deadline.

Votes left blank for one or more agenda items will be counted as "for" votes.

Deadline Thursday, March 26, 2026, 6:00 p.m. (JST)

Exercise of Voting Rights via the Internet

(For details, please refer to the next page.) Indicate your approval or disapproval of the proposals by following the instructions on the next page.

If you vote both in writing (by post) and via the internet, only the internet voting will be valid.

Further, if you vote more than once via the internet using a PC or smartphone, only your last vote will be valid.

Deadline Thursday, March 26, 2026, 6:00 p.m. (JST)

"Smart Vote" method

(By scanning the login QR code)

Scan the QR code located on the bottom right of the voting rights exercise form using your smartphone or tablet. You can exercise your voting rights without entering a "proxy voting code" or "password."

* QR code is a trademark of DENSO WAVE INCORPORATED.

Please scan the QR code located on the bottom right of the voting rights exercise form.

Please access the shareholder

voting website.

Login

Please enter the "Password"

"Voting Code/Password Input" method (Shareholder voting website: https://www.web54.net)

If you have questions about using a PC, smartphone or other device for submitting your vote via the internet, please contact the number below:

Sumitomo Mitsui Trust Bank, Limited, Securities Agent Web Support Hotline

0120-652-031 (Toll Free)

(9:00 to 21:00)

The terms of office of all four Directors (excluding Directors who are members of the Audit & Supervisory Committee) will expire at the conclusion of this Annual Shareholders Meeting. To further strengthen management, the Company proposes to increase the number of Directors by two and shareholders are asked to approve the election of the following six Director candidates.

The candidates for Director are as follows:

No. Name Positions at the Company

President

1. Tomohiro Okada Representative Director and

2. Yoshiyuki Shouji Director

   Officer

3. Kazuyuki Yanagi Director, Senior Executive

   Reelection

Reelection

CFO

1. Nobuki Sato Senior Executive Officer &

2. Koichiro Sakai Non-executive Director

   Reelection

   Independent

   Non-executive

   Independent

1. Takayuki Kumagai -

Candidate for reelection

Candidate for new appointment

Candidate for non-executive director

Candidate who meets the independence requirements of the Tokyo Stock Exchange