Oasis Message to the Hokuetsu Fellow Shareholders
We call on all shareholders who care about improving Hokuetsu’s governance and corporate value to vote FOR Oasis’s proposals to dismiss Mr. Kishimoto as President and Representative Director, dismiss all four incumbent independent directors, and to elect the five highly qualified, independent, and diverse director candidates nominated by Oasis as new independent directors at Hokuetsu’s AGM.
Proposal 1: Remove Mr. Kishimoto and all four “Independent” Directors from the Board of Directors
Mr. Kishimoto has a track record of shortcomings, such as reintroduction of a poison pill for self-preservation, which is detrimental to shareholder interests
·All four independent directors have failed to provide appropriate oversight, and thus have failed in their duty to hold Mr. Kishimoto accountable for his track record of shortcomings
Proposal 2: Elect Independent Director Candidates with True Independence and Relevant Experience
Oasis’s proposed independent directors offer superior oversight and better capabilities for business strategy review
Proposed Director Candidates Cover More “Relevant Skills and Experience” Under Hokuetsu’s Matrix
Oasis’s proposed director candidates are more skilled, diverse and experienced compared to the incumbent “independent” directors
Under Hokuetsu’s skill matrix, the proposed new independent director candidates cover 25% more Relevant Skills and Experiences
