NIHON NOHYAKU CO., LTD.

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Notice Regarding Update to ISS's Voting Recommendation on the Company's Director Election Proposal

The Company has confirmed that, on May 29, 2026, Institutional Shareholder Services Inc. ("ISS"), a proxy advisory firm, updated its voting recommendation regarding "Proposal 2: Election of 7 Directors (Excluding Directors Serving as the Audit & Supervisory Committee Members)" to be presented at the 127th Ordinary General Meeting of Shareholders. As a result of this update, ISS changed its voting recommendation for the election of Representative Director and President Hiroyuki Iwata to "FOR."
 
The Company previously published, on May 25, 2026, the document entitled "Supplementary Explanation Regarding Proposal to the 127th Ordinary General Meeting of Shareholders (Company's Opinion Regarding Proxy Advisory Firm ISS's Recommended Vote 'Against')," which explained the Company's views regarding ISS's voting recommendation.
 
We respectfully ask shareholders to take this latest information into consideration when exercising their voting rights at the upcoming Ordinary General Meeting of Shareholders.
 
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