• Fujitec released further misleading materials and false statements that aim to misinform and distract shareholders by attacking not only Oasis and its independent Outside Director nominees, but also attacking leading independent proxy advisor ISS.
• Oasis aims to correct Fujitec’s serious governance deficiencies by appointing truly independent Outside Directors to ensure shareholders’ most basic rights are respected and to prevent further corporate value destruction under the entrenched control of the Uchiyama Family.
• ISS recommends shareholders support all of Oasis’s proposals, otherwise risking “keeping the status quo” and not bringing “desired change” at Fujitec.
• Oasis continues to campaign for the benefit of all stakeholders, and reaffirms its recommendation to shareholders, which has been unanimously supported by leading independent proxy advisor ISS to vote AGAINST Agenda 1 (Fujitec’s Proposal) and to vote FOR Agenda 2-7 (Oasis’s Proposals).

Oasis's full response to Fujitec's latest attack available at www.ProtectFujitec.com

HONG KONG & TOKYO--(BUSINESS WIRE)--Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially own over 16.5% of elevator manufacturer and servicing company Fujitec Co., Ltd. (6406 JT) (“Fujitec” or the “Company”). In December 2022, Oasis requisitioned the Fujitec Board of Directors (“Board”) to call an extraordinary general meeting (“EGM”) to allow shareholders to vote on proposals to remove six incumbent...

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