YASKAWA Electric : Notice of the 110th Annual General Meeting of Shareholders

About this update from Yaskawa Electric Corporation

Note: This document is a translation of 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. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from this translation. (Stock Exchange Code 6506) May 7, 2026 To Shareholders with Voting Rights: Masahiro Ogawa Representative Director, President YASKAWA Electric Corporation 2-1 Kurosakishiroishi, Yahatanishi-ku Kitakyushu, Japan NOTICE OF THE 110TH ANNUAL GENERAL MEETING OF SHAREHOLDERS Dear Shareholders: We would like to express our appreciation for your continued support. You are cordially invited to attend the 110th Annual General Meeting of Shareholders of YASKAWA Electric Corporation (the "Company"). The meeting will be held for the purposes described below. In convening this General Meeting of Shareholders, the Company has taken electronic measures to provide information contained in the Reference Documents for the General Meeting of Shareholders, etc. (the "Matters to be Provided Electronically") pursuant to the provisions of laws and regulations and the Company's Articles of Incorporation. Matters to be Provided Electronically are posted on the following websites on the Internet under "Notice of the 110th Annual General Meeting of Shareholders." Please access one of the websites to view the information. The Company's Website http://www.yaskawa-global.com/ir/stocks/meeting (Top Page > Investor relations > Stock & bond information > General shareholders meetings) Website for Materials for the General Meeting of Shareholders https://d.sokai.jp/6506/teiji/ (In Japanese only) If you do not attend the meeting, you can exercise your voting rights in writing (by mail) or via the Internet. Please review the Reference Documents for the General Meeting of Shareholders. If exercising your voting rights in writing, please enter your vote for or against the proposals on the Voting Rights Exercise Form sent with this convocation notice and return it so that it is received by 5:00 p.m. on Tuesday, May 26, 2026, Japan time. If exercising your voting rights via the Internet, please access the website designated by the Company ( https://soukai.mizuho-tb.co.jp/ ), and exercise your voting rights by 5:00 p.m. on Tuesday, May 26, 2026, Japan time. 1. Date and Time: Wednesday, May 27, 2026, at 10:00 a.m. Japan time (Doors open at 9:00 a.m.) 2. Venue: Head Office of the Company 2-1 Kurosakishiroishi, Yahatanishi-ku, Kitakyushu, Japan 3. Meeting Agenda: Matters to be 1. The Business Report and Consolidated Financial Statements for reported: the Company's 110th Fiscal Year (March 1, 2025 - February 28, 2026), and results of audits of the Consolidated Financial Statements by the Accounting Auditor and the Audit and Supervisory Committee 2. Non-consolidated Financial Statements for the Company's 110th Fiscal Year (March 1, 2025 - February 28, 2026) Proposals to Proposal 1: Partial Amendments to the Articles of be resolved: Incorporation Proposal 2: Election of 5 Directors (excluding Directors who are Members of the Audit and Supervisory Committee) Proposal 3: Election of 1 Director who is a Member of the Audit and Supervisory Committee 4. Matters Related to Exercise of Voting Rights: (1) If you exercise your voting rights both in writing (by mail) and via the Internet, we will treat your vote cast via the Internet as the valid exercise of your voting rights, regardless of the time or date of arrival of your vote. If you exercise your voting rights several times via the Internet, we will treat the most recent vote as the valid exercise of your voting rights. (2) If you exercise your voting rights in writing (by mail) and do not indicate for or against each proposal on the voting form, we will treat it as an indication of approval. (3) If you wish to exercise your voting rights by proxy, please appoint a proxy who is a shareholder of the Company with voting rights. The proxy will be requested to submit a document certifying the status of the proxy at the reception desk upon arrival at the meeting. When attending the meeting, please submit the Voting Rights Exercise Form sent with this convocation notice at the reception desk. In the case of any revisions to the Matters to be Provided Electronically, notice and the information before and after the revisions will be posted on the above websites on the Internet. The Company has been sending documents stating the Matters to be Provided Electronically to shareholders requesting written documents. However, these documents do not include the following items pursuant to the provisions of laws and regulations and the Company's Articles of Incorporation. The Audit and Supervisory Committee and the Accounting Auditor have conducted audits on the documents that are subject to audit, including the following: "Business Progress and Results," "Basic Policy on Profit Distribution and Dividends for the Current and Next Fiscal Years," "Status of Assets and Profit and Loss," "Issues to be Addressed," "Principal Business," "Major Offices and Factories," "Employees," "Principal Lenders," "Other Important Matters Regarding the Current Status of the Group," "Status of Shares," "Status of Stock Acquisition Rights," "Matters Related to Outside Officers," "Status of Accounting Auditor," "System to Ensure the Appropriateness of Business Operation," "Overview of the Management Status of System to Ensure the Appropriateness of Business Operation," and "Basic Policy on Control of Company" in the Business Report Consolidated Financial Statements Non-consolidated Financial Statements Reference Documents for the General Meeting of Shareholders Proposals and References Proposal 1: Partial Amendments to the Articles of Incorporation Reason for the proposal In order to establish an optimum and agile management structure, the Company will amend Article 21 (Representative Directors and Officers with Titles, etc.) of the current Articles of Incorporation to enable the flexible selection of officers with titles. Details of the amendments (Underline indicates the changes) Current Articles of Incorporation Proposed Amendments (Representative Directors and Officers with Titles, etc.) Article 21 (Representative Directors and Officers with Titles, etc.) Article 21 The Board of Directors shall appoint, by resolution, the Representative Directors. The Board of Directors can appoint, by resolution, one Chairman of the Board and one President, and an appropriate number of each of Executive Vice Presidents, Executive Managing Directors and Managing Directors. The Board of Directors shall appoint, by resolution, the Representative Directors. The Board of Directors can appoint, by resolution, from among the Directors or Executive Officers one Chairman of the Board and one President, and an appropriate number of each of Executive Vice Presidents, Executive Managing Directors, Managing Directors, and other officers with titles . Proposal 2: Supervisory Committee) Election of 5 Directors (excluding Directors who are Members of the Audit and The terms of office of all 4 Directors (excluding Directors who are Members of the Audit and Supervisory Committee; the same shall apply hereinafter in this Proposal) will expire at the conclusion of this General Meeting of Shareholders. This Proposal is to request the election of 5 Directors. The candidates are as below. Regarding the nomination of candidates for Director, the Board of Directors decides candidates based on a report by its advisory organization, the Nomination Advisory Committee, of which independent outside directors constitute the majority of the members. The Audit and Supervisory Committee discussed this Proposal but had no specific comments. The areas of expertise that the Company expects each candidate to bring to the Board of Directors are provided at the end of Proposal 3. Please read it as well. Candidates for Director No. Name Current Positions, Responsibilities, etc. Years Served as a Director of the Company (at Conclusion of This General Meeting of Shareholders) Attendance Rate at Board of Directors Gender Meetings (Current Period) Hiroshi Ogasawara Ayumi Representative Director, Chairman of 19 the Board Senior Executive Officer; General Manager, 13/13 Male (100%) Reappointment Hayashida Tokyo Branch; General Manager, Corporate Branding ― ― Male New Div. Executive Officer; General Manager, AI Robotics Dept., Yumie Kubota Corporate Technology Div.; Representative Director, President, AI Cube Inc. ― ― Female New Reappointment 4 Hisanori Outside Director 1 10/10 Male Outside Independent New 5 Harumi ― ― - Female Outside Independent Makaya (100%) Mukai Reappointment Candidate for reappointment as Director New New candidate for Director Outside Candidate for Outside Director Independent Candidate for Independent Director as stipulated by the Stock Exchange and by the Company No. Hiroshi Ogasawara Date of birth September 19, 1955 (Age: 70) Reappointment 1 [Past experience, positions and responsibilities] [Number of shares of March 1979 Joined the Company June 2006 Director; Deputy General Manager, Motion Control Div. March 2007 Director; General Manager, Drives Div. March 2011 Director; General Manager, Motion Control Div. June 2012 Managing Executive Officer; General Manager, Motion Control Div. June 2013 Director; Managing Executive Officer; General Manager, Motion Control Div. March 2014 Director; Managing Executive Officer; General Manager, Corporate Technology Div. March 2015 Representative Director; Senior Managing Executive Officer; General Manager, Corporate Technology Div. March 2016 Representative Director, President; General Manager, Corporate Technology Div. March 2017 Representative Director, President; Manager, Diversity Management Div. March 2018 Representative Director, President; Manager, ICT Strategy Div. March 2022 Representative Director, Chairman of the Board; President March 2023 Representative Director, Chairman of the Board (to present) the Company held] 66,389 shares [Years served as a Director of the Company] 19 years (at the conclusion of this General Meeting of Shareholders) [Significant concurrent positions] Listed companies (excluding the Company) Outside Director, Kyushu Railway Company External Director, Tokyo Century Corporation Mr. Hiroshi Ogasawara was appointed to the post of Representative Director and President in 2016, Representative Director, Chairman of the Board and President in 2022, and Reasons for nominating Representative Director and Chairman of the Board in March 2023, and has led the him as a candidate for management of the Company. As his rich knowledge and experience are essential for enhancing Director the Company's corporate value, the Company nominates him as a candidate for Director. Subject to his election as a Director at this General Meeting of Shareholders, he will be appointed to the posts of Representative Director and Chairman of the Board, and President. No. Ayumi Hayashida Date of birth July 24, 1964 (Age: 61) New 2 [Past experience, positions and responsibilities] [Number of shares of March 1985 Joined the Company March 2018 Associate Director, General Manager, Corporate Communications Div. March 2021 Executive Officer; General Manager, Corporate Communications Div. March 2023 Senior Executive Officer; General Manager, Corporate Branding Div. March 2026 Senior Executive Officer; General Manager, Tokyo Branch; General Manager, Corporate Branding Div. (to present) the Company held] 12,570 shares [Years served as a Director of the Company] - [Significant concurrent positions] - Reasons for nominating him as a candidate for Director Mr. Ayumi Hayashida gained experience in business departments, the Corporate Communications Div., etc., and then was appointed to the post of General Manager, Corporate Branding Div. in 2023 and General Manager, Tokyo Branch in March 2026. As his rich knowledge and experience are essential for enhancing the Company's corporate value, the Company nominates him as a candidate for Director. No. Yumie Kubota Date of birth May 17, 1968 (Age: 58) New 3 [Past experience, positions and responsibilities] [Number of shares of March 1991 Joined the Company March 2019 Representative Director, President, AI Cube Inc. March 2024 Executive Officer; Representative Director, President, AI Cube Inc.; Digital Strategy Manager, Robotics Div. March 2025 Executive Officer; General Manager, AI Robotics Dept., Corporate Technology Div.; Representative Director, President, AI Cube Inc. (to present) the Company held] 2,908 shares [Years served as a Director of the Company] - [Significant concurrent positions] Company subsidiary Representative Director, President, AI Cube Inc. Reasons for nominating her as a candidate for Director Ms. Yumie Kubota gained experience in business departments, technology development departments, and the management of a subsidiary. As her rich knowledge and experience are essential for enhancing the Company's corporate value, the Company nominates her as a candidate for Director. No. Hisanori Makaya Reappointment Date of birth May 2, 1958 (Age: 68) Outside Independent 4 [Past experience, positions and responsibilities] [Number of shares of April 1982 Joined Fuji Photo Film Co., Ltd. (currently FUJIFILM Holdings Corporation) June 2015 Corporate Vice President and General Manager, Graphic Systems Division, FUJIFILM Corporation and President and Representative Director, FUJIFILM Global Graphic Systems Co., Ltd. (currently FUJIFILM Graphic Solutions Corporation) December 2016 Director and Corporate Vice President, FUJIFILM Corporation June 2017 Director and Senior Vice President, Fuji Xerox Co., Ltd. (currently FUJIFILM Business Innovation Corp.) June 2019 Director and Executive Vice President, Fuji Xerox Co., Ltd. April 2021 President and CEO, Representative Director, FUJIFILM Business Innovation Corp. April 2022 Chairman and Director, FUJIFILM Business Innovation Corp. June 2024 Outside Director, Niterra Co., Ltd. (to present) May 2025 Outside Director of the Company (to present) June 2025 Outside Director, ENEOS Holdings, Inc. (to present) the Company held] 1,616 shares [Years served as an Outside Director of the Company] 1 (at the conclusion of this General Meeting of Shareholders) [Significant concurrent positions] Listed companies (excluding the Company) Outside Director, Niterra Co., Ltd. Outside Director, ENEOS Holdings, Inc. Reasons for nominating him as a The Company believes that the rich knowledge, experience, insight, etc., Mr. Hisanori Makaya has candidate for Outside gained as a management professional derived from his career as a representative director of a Director and an business corporation, etc., will be very useful for the Company, and that he will be able to oversee outline of his the management of the Company from an objective viewpoint as an Outside Director. expected roles No. Harumi Mukai New Date of birth August 12, 1965 (Age: 60) Outside Independent 5 [Past experience, positions and responsibilities] [Number of shares of May 1990 Registered for medical license, Senior Resident, University of Tsukuba Hospital December 1999 Assistant Professor, Institute of Clinical Medicine, University of Tsukuba April 2008 Medical Director, Medical Affairs Department, Johnson & Johnson K.K. (currently Janssen Pharmaceutical K.K.) November 2014 Executive Manager, Hepatic Diseases & Oncology Divisions, AbbVie GK May 2022 Medical Director, Moderna Japan Co., Ltd. March 2024 Director, Medical Director, GlaxoSmithKline K.K. January 2026 Assistant Director, Tohoku University Drug Discovery Strategy Promotion Organization (to present) the Company held] 200 shares [Years served as an Outside Director of the Company] - [Significant concurrent positions] Assistant Director, Tohoku University Drug Discovery Strategy Promotion Organization Reasons for The Company believes that the rich knowledge, experience, insight, etc., Ms. Harumi Mukai has nominating her as a gained through her career as a doctor, in clinical research at pharmaceutical companies, etc. will be candidate for Outside very useful for the Company in promoting the healthcare and pharmaceutical markets as new Director and an business areas, and that she will be able to oversee the management of the Company from an outline of his objective viewpoint as an Outside Director. expected roles (Notes) 1. There are no special interests between each candidate for Director and the Company. The number of shares of the Company held by each candidate includes the shares they hold through YASKAWA Electric Officers' Shareholding Association or YASKAWA Electric Employee Shareholding Association and a stock remuneration plan "Board Benefit Trust (BBT) or J-ESOP." Mr. Hisanori Makaya and Ms. Harumi Mukai are candidates for Outside Director. The Company has designated all the current Outside Directors as Independent Directors as stipulated by the Tokyo Stock Exchange and has filed them with the Exchange. If Mr. Hisanori Makaya assumes office as a Director, the Company will continue to designate him as an Independent Director. Furthermore, Ms. Harumi Mukai meets the requirements for an Independent Director stipulated by the Tokyo Stock Exchange. The Company will designate her as an Independent Director if she assumes office as a Director. Mr. Hisanori Makaya and Ms. Harumi Mukai, candidates for Outside Director, do not correspond to any of the following with regard to the independence of Outside Directors established by the Company, besides the qualifications described in 3 above. Therefore, the Company believes that their independence is ensured. ・A person who works for or worked in the past 3 fiscal years for organizations that own 10 percent or more of the Company's shares. ・A person who works for or worked in the past 3 fiscal years for the Companyʼs main bank or for other principal lenders of the Group that are described in the latest business report. ・A person who works for or worked in the past 3 fiscal years for the Companyʼs lead managing underwriter. ・A person who works for or worked in the past 3 fiscal years for organizations that are the Companyʼs business partners, the transaction amount therebetween makes up more than 1 percent of the consolidated revenue (consolidated net sales) of the Company or the other party. ・A person who works for or worked in the past 3 fiscal years for the Companyʼs accounting audit corporation. ・A person who receives or received in the past 3 fiscal years remuneration, etc., that exceeds ¥10 million per year from the Company pursuant to a consulting or advisory contract (on law, accounting, tax accounting, etc.). ・A person who works for or worked in the past 3 fiscal years for organizations (including individuals) that received donations from the Company that exceeds ¥10 million per year. Further, the term of office as an Outside Director of the Company shall be 4 years in principle and may be extended for 1 additional year if there are compelling management reasons. Ms. Yumie Kubota is listed here by her professional name. Her name on the family register is Yumie Bannaka. The Company has, in accordance with the provisions of Article 427, Paragraph 1 of the Companies Act, entered into a contract with each of the current Outside Directors, for limitation of liabilities for damages stipulated in Article 423, Paragraph 1 of the same Act. The maximum amount of liability under the contract shall be the minimum liability amount as provided in the provisions of Article 425, Paragraph 1 of the same Act. If Mr. Hisanori Makaya assumes office as a Director, the Company will continue the contract with him. Furthermore, If Ms. Harumi Mukai assumes office as a Director, the Company will enter into a contract with her. The Company has concluded a directors and officers liability insurance policy with an insurance company, as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The insured's scope includes Directors (including Directors who are Members of the Audit and Supervisory Committee) and Executive Officers, etc. of the Company, and Directors of Company subsidiaries, etc., and the insured does not pay insurance premiums. Such insurance policy will cover indemnity when the insureds become liable for indemnity attributable to their duties or being subject to a claim arising from the pursuit of such liability. However, certain exemptions, such as damage caused due to any conduct committed while knowing that the conduct violates laws and regulations, will not be covered. Additionally, each candidate becomes insured upon assuming office as a Director, and the insurance policy under the same conditions will be renewed during the tenure of the Director. Proposal 3: Election of 1 Director who is a Member of the Audit and Supervisory Committee Of the 4 Directors who are Members of the Audit and Supervisory Committee, Kaori Matsuhashi will retire at the conclusion of this General Meeting of Shareholders. This Proposal is to request the election of 1 Director to be a Member of the Audit and Supervisory Committee. The candidate for Director who is a Member of the Audit and Supervisory Committee is as below. The Audit and Supervisory Committee has given its consent to the submission of this Proposal. The areas of expertise that the Company expects each candidate to bring to the Board of Directors are provided at the end of this Proposal. Please read it as well. Candidates for Directors who are Members of the Audit and Supervisory Committee New Gender Attendance Rates at Board of Directors Meetings / Audit and Supervisory Committee (Current Period) Years Served as a Director of the Current Positions, Company (at Responsibilities, etc. Conclusion of This General Meeting of Shareholders) Name Chikako Irie ― ― ― Female Outside Independent New New candidate for Director who is Member of the Audit and Supervisory Committee Outside Candidate for Outside Director Independent Candidate for Independent Director as stipulated by the Stock Exchange and by the Company Independent Outside Date of birth March 8, 1972 (Age: 54) Chikako Irie New [Past experience, positions and responsibilities] [Number of shares of October 1996 Joined Tohmatsu & Co. (currently Deloitte Touche Tohmatsu LLC) April 2000 Registered as a Certified Public Accountant July 2013 Inspector, Certified Public Accountants and Auditing Oversight Board, Financial Services Agency July 2019 Managing Director, Deloitte Touche Tohmatsu LLC July 2023 Representative, Irie Certified Public Accountant Office (to present) May 2024 Outside Director (Audit & Supervisory Committee Member), Warabeya Nichiyo Holdings Co., Ltd. (to present) June 2025 Outside Director (Member of Audit and Supervisory Committee), Torishima Pump Mfg. Co., Ltd. (to present) the Company held] 0 shares [Years served as an Outside Director (Member of the Audit and Supervisory Committee) of the Company] - [Significant concurrent positions] Listed companies (excluding the Company) Outside Director (Audit & Supervisory Committee Member), Warabeya Nichiyo Holdings Co., Ltd . Outside Director (Member of Audit and Supervisory Committee), Torishima Pump Mfg. Co., Ltd. Reasons for nominating her as a candidate for Although Ms. Chikako Irie has never been directly involved in corporate management other Outside Director who is than as an outside director, the Company believes that the rich expertise, experience, insight, Member of the Audit etc. Ms. Chikako Irie has gained as a Certified Public Accountant will be very useful for the and Supervisory Company, and that she will be able to oversee the management of the Company from an Committee and an objective viewpoint as an Outside Director who is Member of the Audit and Supervisory outline of her expected Committee. roles (Notes) 1. There are no special interests between Ms. Chikako Irie and the Company. Ms. Chikako Irie is a candidate for Outside Director. The Company has designated all the current Outside Directors as Independent Directors as stipulated by the Tokyo Stock Exchange and has filed them with the Exchange. Ms. Chikako Irie meets the requirements for an Independent Director stipulated by the Tokyo Stock Exchange. The Company will designate her as an Independent Director if she assumes office as a Director who is Member of the Audit and Supervisory Committee. Ms. Chikako Irie, a candidate for Outside Director, does not correspond to any of the following with regard to the independence of Outside Directors established by the Company, besides the qualifications described in 2 above. Therefore, the Company believes that her independence is ensured. ・A person who works for or worked in the past 3 fiscal years for organizations that own 10 percent or more of the Company's shares. ・A person who works for or worked in the past 3 fiscal years for the Company's main bank or for other principal lenders of the Group that are described in the latest business report. ・A person who works for or worked in the past 3 fiscal years for the Company's lead managing underwriter. ・A person who works for or worked in the past 3 fiscal years for organizations that are the Company's business partners, the transaction amount therebetween makes up more than 1 percent of the consolidated revenue (consolidated net sales) of the Company or the other party. ・A person who works for or worked in the past 3 fiscal years for the Company's accounting audit corporation. ・A person who receives or received in the past 3 fiscal years remuneration, etc., that exceeds ¥10 million per year from the Company pursuant to a consulting or advisory contract (on law, accounting, tax accounting, etc.). ・A person who works for or worked in the past 3 fiscal years for organizations (including individuals) that received donations from the Company that exceeds ¥10 million per year. Further, the term of office as an Outside Director of the Company shall be 4 years in principle and may be extended for 1 additional year if there are compelling management reasons. The Company has, in accordance with the provisions of Article 427, Paragraph 1 of the Companies Act, entered into a contract with each of the current Directors who are Members of the Audit and Supervisory Committee, for limitation of liabilities for damages stipulated in Article 423, Paragraph 1 of the same Act. The maximum amount of liability under the contract shall be the minimum liability amount as provided in the provisions of Article 425, Paragraph 1 of the same Act. If Ms. Chikako Irie assumes office as a Director who is Member of the Audit and Supervisory Committee, the Company will enter into a contract with her. The Company has concluded a directors and officers liability insurance policy with an insurance company, as stipulated in Article 430-3, Paragraph 1 of the Companies Act. The insured's scope includes Directors (including Directors who are Members of the Audit and Supervisory Committee) and Executive Officers, etc. of the Company, and Directors of Company subsidiaries, etc. and the insured does not pay insurance premiums. Such insurance policy will cover indemnity when the insureds become liable for indemnity attributable to their duties or being subject to a claim arising from the pursuit of such liability. However, certain exemptions, such as damage caused due to any conduct committed while knowing that the conduct violates laws and regulations, will not be covered. Additionally, Ms. Chikako Irie becomes insured upon assuming office as a Director who is Member of the Audit and Supervisory Committee, and the insurance policy under the same conditions will be renewed during the tenure of the Director. The term of office of Ms. Chikako Irie will expire at the conclusion of the General Meeting of Shareholders scheduled to be held in May 2028. Composition of the Board of Directors and Areas of Expertise That the Company Expects Each Director to Bring to the Board of Directors [Effective after the 110th Annual General Meeting of Shareholders] The Board of Directors of the Company shall be composed of persons with a high degree of knowledge and experience in areas related to corporate management. Among such areas, those of critical importance for corporate management are classified below, and each Director is expected to fully demonstrate his/her abilities. The table below of the composition of the Board of Directors is prepared on the assumption that the Proposal regarding the election of Directors is approved as proposed at this General Meeting of Shareholders. Directors Areas of expertise that the Company expects each Director to bring to the Board of Directors Male Female Corporate management/ Business strategy ESG/ Sustainability Finance Accounting Legal affairs Sales Marketing Manufacturing R&D/DX Global Hiroshi Ogasawara (Age: 70) Ayumi Hayashida (Age: 61) Yumie Kubota (Age: 58) Hisanori Makaya (Age: 68) Outside Independent Harumi Mukai (Age: 60) Outside Independent Takeshi Ikuyama (Age: 62) Member of the Audit and Committee Keiji Nishio (Age: 67) Member of the Audit and Outside Independent Supervisory Committee Yaeko Hodaka (Age: 60) Member of the Audit and Outside Independent Supervisory Committee Chikako Irie (Age: 54) Member of the Audit and Outside Independent Committee (Note) The table above does not cover all the expertise each candidate possesses. Ages are as of the conclusion of this General Meeting of Shareholders. - 15 - -

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