Announcement of Partial Amendment to the Articles of Incorporation

SHIFT Inc. (“SHIFT,” headquartered in Minato-ku, Tokyo, Japan; Masaru Tange, CEO and Representative Director) announced today at the meeting of the Board of Directors held today, it has resolved to submit a proposal of partial amendment to the Articles of Incorporation to the 17th Ordinary General Meeting of Shareholders to be held on November 25th, 2022.

1. Reason for the change
(1) Amendment to add business purpose
To better reflect the current status of the Company’s business activities and diversification in such activities, the Company proposes an addition to Article 2 (Purpose).
(2) Amendment due to the introduction of the system of electronic provision of materials for General Meetings of Shareholders
The Company proposes changes in connection with the introduction of the system of electronic provision of materials for the General Meeting of Shareholders in accordance with the amended provisions prescribed in the proviso of Article 1 of the Supplementary Provisions of the Act for Partial Amendment of the Companies Act (Act No. 70 of 2019), which came into force on September 1, 2022. We propose amendment of the current Article 18 of the Articles of Incorporation and the establishment of a supplementary provision pertaining to this amendment.

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20221025_Announcement of Partial Amendment to the Articles of Incorporation_EN