We seek to generate absolute returns by employing an Activist investment strategy among Japanese listed equities.
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Strategic Capital, Inc.

MO Building 6F, 3-14-15, Higashi, Shibuya-ku, Tokyo, JAPAN 150-0011

Proposals

Shin Nippon Air Technologies CO., LTD. 2018

◆May 21st, 2018

INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP (hereinafter referred to as the “Fund”) and Strategic Capital, Inc. (hereinafter referred to as the “Strategic Capital”) notified SHIN NIPPON AIR TECHNOLOGIES CO., LTD. (hereinafter referred to as “SNK”) of our execution of the shareholders’ right to make a proposal at the annual shareholder meeting held in the coming June by the documents dated April 23rd, 2018.

Fund and Strategic Capital, however, are pleased to announce that we withdraw the abovementioned proposal at the annual shareholder meeting in consideration of the disclosure by SNK on May 14th, 2018.

◆April 24th, 2018

Strategic Capital, Inc. (hereinafter referred to as “Strategic Capital”) is under a discretionary investment contract with INTERTRUST TRUSTEES (CAYMAN) LIMITED SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN-UP (hereinafter referred to as the “Fund”) and the Fund and Strategic Capital hold over 300 units of voting right of Shin Nippon Air Technologies CO., LTD. (hereinafter referred to as “SNK”) over 6 months.

The Fund and Strategic Capital are pleased to announce that, on April 23rd, 2018, we notified SNK of our execution of the shareholders’ right to make a proposal at the annual shareholder meeting held in the coming June and confirmed that, on April 24th, 2018, SNK certainly received the documents of the proposal.

A brief detail of our proposal is as followings.
 
To Shareholders of SHIN NIPPON AIR TECHNOLOGIES CO., LTD

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