UP GARAGE GROUP Co.,Ltd. [7134.T]
TOKYO, May 18 (Pulse News Wire) – UP Garage Group CO.,LTD. (7134.T) announced today that its board of directors has resolved to propose amendments to the company's articles of incorporation at the upcoming 12th regular shareholders' meeting scheduled for May 18, 2026.
The proposed changes aim to enhance flexibility and responsiveness in the management structure, allowing for more agile operations during shareholder meetings and board sessions. Specifically, the revisions would alter Article 14 and Article 23 of the existing articles of incorporation, which define the convening rights and chairpersons for shareholder meetings and board meetings, respectively.
Under the amended provisions, the convening of shareholder meetings and board meetings would be based on resolutions made by the board of directors, designating either the president or chairman of the board as the convener and chairperson. In cases where the designated individual is unavailable, a predetermined sequence established by the board would determine who assumes these roles.
The revised articles are set to take effect on June 24, 2026, coinciding with the date of the shareholders' meeting.
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