Investor Relations

Notification Regarding Partial Amendments to the Article of Incorporation

Sansan, Inc. (the “Company”) announced today that, at the Board of Directors Meeting held on July 20, 2021, the Company has resolved to propose the following amendments to the Articles of Incorporation at the 14th Annual General Meeting of Shareholders (the “AGM”) to be held on August 31, 2021.

1. Reasons for the Proposal

Following the promulgation and enforcement of the Act for Partially Amending the Industrial Competitiveness Enhancement Act and Other Related Acts (the “Amended Industrial Competitiveness Act”), a listed company is now allowed to hold its general meeting of shareholders without the designation of its place (such as a fully online general meeting of shareholders) through stipulation in its Articles of Incorporation. By amending the Articles of Incorporation to make meaningful use of the Amended Industrial Competitiveness Act, the Company intends to add Article 11, paragraph (2) of the Articles of Incorporation in order to revitalize, streamline, and facilitate general meetings of shareholders. The partial amendments to the Articles of Incorporation by this proposal shall become effective subject to confirmation by the Minister of Economy, Trade and Industry and the Minister of Justice.

2. Details of the Proposed Amendments

The details of the proposed amendments are as follows:

(Amendments are underlined.)
Current Articles of Incorporation Proposed amendments
Article 11 (Convocation)
An annual general meeting of shareholders of the Company shall be convened within three months after the end of each fiscal year. An extraordinary general meeting of shareholders shall be convened whenever necessary.

(Newly established)

Article 11 (Convocation)
  1. (1)An annual general meeting of shareholders of the Company shall be convened within three months after the end of each fiscal year. An extraordinary general meeting of shareholders shall be convened whenever necessary.
  1. (2)The Company may hold its general meeting of shareholders without the designation of its place.

3. Schedule

AGM held to approve the amendments to the Articles of Incorporation: August 31, 2021 (Tuesday)