Foster Electric to Transition to Audit Committee Firm; Shareholder Meeting Set for June 25

TOKYO, Apr 30 (Pulse News Wire) – Foster Electric Company,limited (6794.T) decided to transition from an audit committee firm to a supervisory board firm, contingent upon shareholder approval at its annual meeting scheduled for April 30, 2026. The changes aim to enhance oversight functions and expedite decision-making processes.

At today's board meeting, Foster Electric also resolved to propose amendments to its articles of incorporation at the upcoming ordinary shareholders' meeting. Key modifications include establishing provisions for audit committee members and removing existing regulations related to supervisors and the supervisory board.

Additionally, adjustments to clause numbering and wording will be made as necessary. Scheduled key dates include the shareholders’ meeting on February 25, 2026 and the effective date of the changes on February 25, 2026.