On March 12, 2010 (Friday), FY2010 1^st regular board meeting and the 22^nd general shareholder’s meeting along with special board meeting have been held at the 9th floor conference room of Toyo Engineering Korea’s headquarters with attendance of Mr. Kenjiro MIYASHITA, President & CEO, and Mr. Sung-man HAN, Director/Senior Executive Officer, from Toyo Engineering Korea and Mr. Masahiko KITA, deputy GM of Toyo-J’s Eng’g center/Toyo-K’s Director, Mr. Makoto FUSAYAMA, Director/Senior Executive Officer, and Mr. Juzan CHO, GM of Affiliate Admin. Div., from Toyo _?xml_:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Japan._?xml_:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

According to the regulation, the chairman Mr. MIYASITA, president & CEO, announced the opening of FY2010 1^st regular board meeting and then reported the agenda such as 1)Business report, 2)the auditing report, 3)the auditing report by external report, 4)Major corporate operation results in the forth quarter of the year 2009, 5)Cost reduction results in the year 2009 and 6)Year-end assessment results of internal control system by external auditor. After reporting, total of five agenda were submitted for the deliberation at the board meeting such as 1)Approval of Statement of financial position, 2)Approval of appropriation of retained earnings, 3)Approval of the annual amount of director’s wages and its limit, 4)Approval of reappointment of directors and 5)Approval of FY2010 business plan. Upon the in-depth deliberation by all attendees, all of resolutions were approved unanimously.  

Subsequently, the 22^nd general shareholder’s meeting was held upon the opening announcement by the chairman Mr. MIYASITA, president & CEO, and then the agenda such as 1)Business report, 2)the auditing report and 3)the auditing report by external report were reported.

After reporting, total of four agenda same as the previous ones at the regular board meeting except “Approval of FY2010 business plan” were proposed for the deliberation at the general shareholder’s meeting. Upon the cautious deliberation by all attendees, all of resolutions were passed by unanimous consent. 

Finally, the special board meeting was held following the general shareholder’s meeting with the agenda of “Approval of the reappointment of Chief Executive Officer”. As the result of deliberation, the reelection of the current president &CEO, Mr. Kenjiro MIYASHITA was approved unanimously by all of attendant directors.