Uchiyama International: Open letter to shareholders of Fujitec regarding the non-transparent nomination process of director candidates by Fujitec’s Board of Directors

TOKYO, May 29, 2023--(BUSINESS WIRE)--Uchiyama International Co., Ltd. (here after referred to as "the Company") has released a letter to shareholders of Fujitec Co., Ltd. (TOKYO: 6406), expressing concern over the irregular and non-transparent process and subsequent prejudicial announcement regarding the nomination and interview process of our 8 candidates.

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Fujitec made a public statement on May 23, 2023, titled "Notice Concerning the Board of Directors’ Position on Agenda Items to be Submitted by the Company and Agenda Items Proposed by a Shareholder for the Upcoming Annual Meeting of Shareholders" where there were a number of factual misrepresentations and omissions of information, further underlying our concerns of poor governance by the current board.

Please see the attached letter or refer to the following website for details of the shareholder letter.

Website: https://freefujitec.com/en/top/

About Uchiyama International Co., Ltd.

Uchiyama International Co., Ltd, including affiliated companies, is a shareholder holding approximately 10% of Fujitec's voting rights. Through its long-term ownership of Fujitec, Uchiyama International Co., Ltd. supports the enhancement of Fujitec's corporate value and its contribution to society. We are working toward, "One Board, One Company, One Fujitec".

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Contacts

KRIK (PR Agent)
Koshida: +81-70-8793-3990
Sugiyama: +81-70-8793-3989