Press Releases 2021

Notice Regarding Partial Amendment of
Articles of Incorporation

May 21, 2021
SoftBank Corp.

SoftBank Corp. (hereinafter, the “Company”) resolved at its Board of Directors meeting held on May 21, 2021 to make a proposal at the 35th Annual General Meeting of Shareholders on June 22, 2021 to amend the Articles of Incorporation of the Company as follows.

1. Purpose of Amendment

Subject to the National Diet of Japan passing the Act on Partial Amendment of the Act Strengthening Industrial Competitiveness (Cabinet decision on February 5, 2021, hereinafter, the “Amended Industrial Competitiveness Act”), which would permit the convening of shareholder meetings without any set place (“virtual-only” shareholder meetings) for a listed company, the Company will add Article 11, paragraph 2 to its Articles of Incorporation. This will allow it to hold virtual-only shareholder meetings, which will facilitate the attendance of shareholders living in distant locations, make shareholder meetings more active and efficient, and help stop the spread of COVID-19.
By order of the Ministry of Economy, Trade and Industry and the Ministry of Justice, virtual-only meetings are required to contribute to strengthening industrial competitiveness with consideration for securing the interests of shareholders. In light of this requirement, the proposed amendment will take effect subject to (ⅰ) approval at the Annual General Meeting, (ⅱ) the Amended Industrial Competitiveness Act being passed by the Diet, and (ⅲ) confirmation by the Minister of Economy, Trade and Industry and the Minister of Justice as provided for in those ministerial orders. When there are changes in either the aforementioned enactment, promulgation, enforcement of the Act, or the confirmation by the Minister of Economy, Trade Industry and the Minister of Justice, the Company will disclose separately in such cases.

2. Details of the amendment

(Amended parts are marked in bold letters.)

Current articles of incorporation	Proposed amendment
CHAPTER Ⅲ: GENERAL MEETINGS OF SHAREHOLDERS Convocation ARTICLE 11. The Annual General Meeting of Shareholders of the Company shall be convened in June of each year, and an Extraordinary General Meeting of Shareholders may be convened from time to time, whenever necessary. (New)	CHAPTER Ⅲ: GENERAL MEETINGS OF SHAREHOLDERS Convocation ARTICLE 11. The Annual General Meeting of Shareholders of the Company shall be convened in June of each year, and an Extraordinary General Meeting of Shareholders may be convened from time to time, whenever necessary. 2 The Company may convene General Meetings of Shareholders without any set place.

Current articles of incorporation

Proposed amendment

CHAPTER Ⅲ: GENERAL MEETINGS OF SHAREHOLDERS

Convocation

ARTICLE 11.
The Annual General Meeting of Shareholders of the Company shall be convened in June of each year, and an Extraordinary General Meeting of Shareholders may be convened from time to time, whenever necessary.

(New)

CHAPTER Ⅲ: GENERAL MEETINGS OF SHAREHOLDERS

Convocation

ARTICLE 11.
The Annual General Meeting of Shareholders of the Company shall be convened in June of each year, and an Extraordinary General Meeting of Shareholders may be convened from time to time, whenever necessary.
2
The Company may convene General Meetings of Shareholders without any set place.

3. Schedule

General Meeting of Shareholders to approve amendment of the Articles of Incorporation	June 22, 2021 (date subject to change)
Amendment takes effect	June 22, 2021 (date subject to change)

[Note]

*
The effective date of the amendment may change subject to [the status of deliberation of the Amended Industrial Competitiveness Act in the Diet and] the status of confirmation by the Minister of Economy, Trade and Industry and the Minister of Justice.