Company Announcements

May 12, 2022

FOR IMMEDIATE RELEASE

Notice Regarding Partial Amendments to the Articles of Incorporation

KONAMI HOLDINGS CORPORATION ("the Company") hereby notifies that it has resolved at the meeting of the Board of Directors held today to submit a proposal for "Partial Amendments to the Articles of Incorporation" at the 50^th Ordinary General Meeting of Shareholders scheduled to be held on June 28, 2022.

1.    Reasons for Amendments

(1)   The current fiscal year marks the 50^th anniversary since the Company's establishment in March 1973. (The Company was founded in March 1969.)

Since its establishment, the Company has expanded its business as a pioneer in the Japanese entertainment industry and now operates in four business segments: Digital Entertainment, Amusement, Gaming & Systems, and Sports.

In marking the Company's 50^th anniversary since its establishment, we intend to change the trade name so that we, along with its group companies, will continue to take on new challenges and strive for further growth as a sustainable company. We therefore shall amend Article 1 of the Articles of Incorporation and its supplementary provisions concerning the effective date and other matters.

(2)   The "Act for Partially Amending the Industrial Competitiveness Enhancement Act and Other Related Acts" (Act No. 70 of 2021) was enforced on June 16, 2021, enabling listed companies to hold General Meeting of Shareholders without designating a location (so-called "Virtual-Only" General Meeting of Shareholders) if such is defined in its Articles of Incorporation.

The Company considers that General Meeting of Shareholders will increase its activeness, efficiency, and smoothness by making it easier for many shareholders to attend the meeting regardless of their place of residence. It will also mitigate the risks such as various infectious diseases and the occurrence of large-scale natural disasters and thus amend Article 13 of the Articles of Incorporation and its supplementary provisions concerning the effective date and other matters to permit the holding of General Meeting of Shareholders without designating a location.

(3)   The amended provisions stipulated in the proviso of Article 1 of the supplementary provisions of the "Act Partially Amending the Companies Act" (Act No. 70 of 2019) will come into force on September 1, 2022. To prepare for the implementation of an electronic provision system for documents for General Meeting of Shareholders, the following amendments to the Articles of Incorporation of the Company shall be made.

①   The proposed amendment to Article 16, Paragraph 1 stipulates that the Company takes electronic provision measure for information that constitutes the contents of reference materials and others for the General Meeting of Shareholders.

②   The proposed amendment to Article 16, Paragraph 2 places limit to the scope of the contents to be included in the paper copy to be sent to shareholders who have requested it.

③   The provisions related to Internet Disclosure of Reference Documents, etc. and Deemed Provision Thereof (current Article 16 of the Articles of Incorporation) is deleted as it will become unnecessary.

④   As a result of the foregoing establishment and deletion of the provisions, supplementary provisions concerning the effective date and other matters shall be established.

2.    Details of Amendments

Details of amendments are shown in the Appendix.

3.    Schedule

Ordinary General Meeting of Shareholders necessary for the amendments     June 28, 2022 (Tentative)

Effective date of the amendment to the Articles of Incorporation

Item 1. (1) of the above        July 1, 2022 (Tentative)

Item 1. (2) of the above        June 28, 2022 or the date that the confirmation from the Minister of Economy, Trade and Industry and the Minister of Justice is received, whichever is later.

Item 1. (3) of the above        June 28, 2022 (Tentative)

(Translation)

This document has been translated for reference purposes only from the original document in Japanese. The Japanese original shall prevail in the event of any discrepancy between this translation and the Japanese original.

Appendix: Details of amendments to the Articles of Incorporation

(The parts to be amended is underlined.)