Notice Concerning the Receipt of a Letter Withdrawal of Shareholder Proposal and the Consent to This Withdrawal
[Translation]
Toyota Industries Corporation (the "Company") received a shareholder proposal (the "Shareholder Proposal") regarding the following agenda from its shareholder, Longchamp SICAV (proxy: Dalton Investments Inc.; the "Proposing Shareholder"), on April 12, 2024, for the 146th Ordinary General Meeting of Shareholders (the "Shareholders' Meeting") scheduled for June 11, 2024. However, on May 15, 2024, the Company received a letter from the Proposing Shareholder withdrawing the Shareholder Proposal.
At a meeting of the Company's Board of Directors held today, the Company resolved to consent to the withdrawal of the Shareholder Proposal and not to submit it at the Shareholders' Meeting.
1. Agenda of the Shareholder Proposal
| (1) | Amendment to the Articles of Incorporation Pertaining to Disclosures on Actions Aimed at Realizing Management Mindful of Capital Cost and Share Price | |
| (2) | Repurchase of Treasury Stock | |
| (3) | Approval of Amount of Compensation for Restricted Stock Compensation Plan |