OREANDA-NEWS. AUTOBACS SEVEN Co., Ltd. is pleased to announce that its Board of Directors at a meeting held today resolved to submit the agenda item “Partial Amendments to the Articles of Incorporation” to the 66th Ordinary General Meeting of Shareholders scheduled for June 25, 2013, with details as follows.

Partial amendment to the Articles of Incorporation in conjunction with the addition of a business purpose

The AUTOBACS chain, which comprises a franchise system, engages in business operations aimed at reducing its environmental footprint, including initiatives to reduce energy use, CO2 emissions and resource utilization, as well as initiatives aimed at recycling and reuse. As was externally announced in a press release dated March 11, 2013, the Company will begin the solar power business utilizing unused areas and some building rooftops at its Western Japan Logistics Center (Miki City, Hyogo).

Consequently, the Company proposes Item (43) in Article 2 (Purpose) of the current Articles of Incorporation by adding “Power generation business using natural energy, etc., and management and operation thereof, as well as the electricity purchase and sale business.”

Moreover, the relevant items shall be renumbered as a result of establishing the new item.