ProtoPROTO CORPORATION


News ReleaseNews Release

July 31, 2017
Notice Concerning Abolition of the Shareholder Special Benefit Plan

At the meeting of the board of directors held on July 31, 2017, PROTO CORPORATION (the Company) announced today that it has decided to abolish the shareholder special benefit plan as stated below.
1. Reasons for Abolition of the Shareholder Special Benefit Plan

The Company appreciates the support from shareholders, and for the purpose of promoting more people to hold the shares of the Company, the Company launched the shareholder special benefit plan, sending the “catalogue of gifts you can choose” to shareholders who held 100 shares (1 trading lot) or more listed or recorded in the list of shareholders as of the end of March.
However, the Company discussed the shareholder special benefit plan carefully from the viewpoint of fair return of profits to shareholders, concluded that it is more appropriate to return profits by paying dividends, and decided to abolish the shareholder special benefit plan.
The Company will keep recognizing that the important managerial mission is to return profits to shareholders and strive to improve the corporate value. Your understanding is greatly appreciated.

2. Timing of Abolition of the Shareholder Special Benefit Plan

After offering the special benefit to shareholders who held 100 shares (1 trading lot) or more listed or recorded in the list of shareholders as of the end of March, 2017, the Company will terminate this plan. The “catalogue of gifts you can choose” distributed to the shareholders will be effective till August 15, 2017.





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