イオンモール（8905） – Partial Revision to the “Notice of the 111th Ordinary General Meeting of Shareholders

To the Shareholders of AEON MALL Co., Ltd.: 1-5-1 Nakase, Mihama-ku, Chiba-shi, ChibaAEON MALL Co., Ltd.President: Yasutsugu IwamuraMay 16, 2022 Partial Revision to the “Notice of the 111th Ordinary General Meeting of Shareholders” Please be advised that we have revised the “Notice of the 111th Ordinary General Meeting of Shareholders,” the details of which are posted on the Company website, as follows. Please accept our sincerest apologies for this error. [Revised Section] (The revisions are indicated with hatching) Agenda Item 1: Partial amendment to the Articles of Association 1. Reasons for the amendment (page 5) (Before Revision) (1) The Company proposes to partially amend its Articles of Association, envisioning new business expansions, including the development of complex facilities and the creation of new business models driven by digital technologies, as future growth strategies in addition to its existing mall business. (i) Article 2, paragraph 1 and 15 in “Proposed amendments” will be added to promote the business for development of complex facilities and revitalization of real estate, going beyond the development of shopping malls. (ii) Article 2, paragraph 7 in “Proposed amendments” will be added to promote the expansion of EC business including sale of goods. (iii) Article 2, paragraph 8 in “Proposed amendments” will change the business in association with advertisement and publicity from an online-only model to a model including and beyond the Internet. (iv) Article 2, paragraph 18 in “Proposed amendments” will specify the implementation and operation of sales promotion activities and various events for the Company and its subsidiaries’ businesses. (v) Article 2, paragraph 19 in “Proposed amendments” is added to start new information business such as utilizing (vi) Article 2, paragraph 20 in “Proposed amendments” is added to start logistics and warehouse businesses for the customer information for mall operations. Company and its subsidiaries. (After Revision) (1) The Company proposes to partially amend its Articles of Association, envisioning new business expansions, including the development of complex facilities and the creation of new business models driven by digital technologies, as future growth strategies in addition to its existing mall business. (i) Article 2, item 1 and 15 in “Proposed amendments” will be added to promote the business for development of complex facilities and revitalization of real estate, going beyond the development of shopping malls. (ii) Article 2, item 7 in “Proposed amendments” will be added to promote the expansion of EC business including sale of goods. (iii) Article 2, item 8 in “Proposed amendments” will change the business in association with advertisement and publicity from an online-only model to a model including and beyond the Internet. (iv) Article 2, item 18 in “Proposed amendments” will specify the implementation and operation of sales promotion activities and various events for the Company and its subsidiaries’ businesses. (v) Article 2, item 19 in “Proposed amendments” is added to start new information business such as utilizing customer (vi) Article 2, item 20 in “Proposed amendments” is added to start logistics and warehouse businesses for the Company information for mall operations. and its subsidiaries. 2. Details of the amendment (page 7) (Before Revision) Current Articles of Association Proposed amendments Chapter 1 General Provisions (Unchanged) (Purposes) (Purposes) Article 2 The purpose of the Company are to engage in the Article 2 (Unchanged) following businesses in Japan and abroad: 1. Business of development, construction, operation and 1. Business of development, construction, operation, management in connection with real estate, mainly revitalization and management in connection with real shopping centers; estate, mainly shopping malls; Paragraphs 2 – 6 (Omitted) Paragraphs 2 – 6 (Unchanged) 7. Planning, creation and operation of online stores; 7. Planning, creation and operation of online stores and online sale of various goods; 8. Internet advertisement business; 8. Business in connection with advertisement and publicity; Paragraphs 9 – 14 (Omitted) Paragraphs 9 – 14 (Unchanged) 15. Outsourced operation of parks, tourist facilities, sports 15. Outsourced operation, lease and management of parks, facilities, cultural facilities, roads, vehicle parking areas, offices, hotels, tourist facilities, leisure facilities, sports bicycle parking areas, etc.; facilities, cultural facilities, educational facilities, aquariums, houses, roads, vehicle parking areas, bicycle parking areas, etc.; Paragraphs 16 – 17 (Omitted) Paragraphs 16 – 17 (Unchanged) (Newly established) 18. Planning, hosting and operational management of sales promotion activities, various events, lectures and seminars; (Newly established) 19. Information processing and information provision business and marketing business; Current Articles of Association Proposed amendments (Newly established) 20. Consigned freight forwarding business, warehouse business, distribution processing business, port and harbor transportation business, logistics center operation business, customs brokerage business and import/export agency business; 18. Consulting business attached to or in connection with all 21. Consulting business attached to or in connection with all the above mentioned businesses; and the above mentioned businesses; and 19. All businesses attached to or in connection with all the 22. All businesses attached to or in connection with all the above mentioned businesses. above mentioned businesses. Chapter 3 General Meeting of Shareholders (Unchanged) (Convening of the General Meeting of Shareholders) (Convening of the General Meeting of Shareholders) Article 12 The Company’s ordinary general meeting of Article 12 (1) (Unchanged) shareholders shall be convened within 3 months after the end of each business year, and an extraordinary general meeting of shareholders may be convened at any time when necessary. (Newly established) (2) The Company may convene a shareholders meeting without a designated location if its Board of Directors determines that the convening of a shareholders meeting with a designated location is not appropriate in light of the interests of shareholders due to the spread of infectious disease, a large-scale disaster or other events. (After Revision) Current Articles of Association Proposed amendments Chapter 1 General Provisions (Unchanged) (Purposes) (Purposes) Article 2 The purpose of the Company are to engage in the Article 2 (Unchanged) following businesses in Japan and abroad: 1. Business of development, construction, operation and 1. Business of development, construction, operation, management in connection with real estate, mainly revitalization and management in connection with real shopping centers; Items 2 – 6 (Omitted) estate, mainly shopping malls; Items 2 – 6 (Unchanged) online sale of various goods; 7. Planning, creation and operation of online stores; 7. Planning, creation and operation of online stores and 8. Internet advertisement business; 8. Business in connection with advertisement and publicity; Items 9 – 14 (Omitted) Items 9 – 14 (Unchanged) Current Articles of Association Proposed amendments 15. Outsourced operation of parks, tourist facilities, sports 15. Outsourced operation, lease and management of parks, facilities, cultural facilities, roads, vehicle parking areas, offices, hotels, tourist facilities, leisure facilities, sports bicycle parking areas, etc.; facilities, cultural facilities, educational facilities, aquariums, houses, roads, vehicle parking areas, bicycle parking areas, etc.; Items 16 – 17 (Omitted) Items 16 – 17 (Unchanged) (Newly established) 18. Planning, hosting and operational management of sales promotion activities, various events, lectures and seminars; (Newly established) 19. Information processing and information provision business and marketing business; (Newly established) 20. Consigned freight forwarding business, warehouse business, distribution processing business, port and harbor transportation business, logistics center operation business, customs brokerage business and import/export agency business; 18. Consulting business attached to or in connection with all 21. Consulting business attached to or in connection with all the above mentioned businesses; and the above mentioned businesses; and 19. All businesses attached to or in connection with all the 22. All businesses attached to or in connection with all the above mentioned businesses. above mentioned businesses. Chapter 3 General Meeting of Shareholders (Unchanged) (Convening of the General Meeting of Shareholders) (Convening of the General Meeting of Shareholders) Article 12 The Company’s ordinary general meeting of Article 12 (1) (Unchanged) shareholders shall be convened within 3 months after the end of each business year, and an extraordinary general meeting of shareholders may be convened at any time when necessary. (Newly established) (2) The Company may convene a shareholders meeting without a designated location if its Board of Directors determines that the convening of a shareholders meeting with a designated location is not appropriate in light of the interests of shareholders due to the spread of infectious disease, a large-scale disaster or other events.