Kaname Capital Discloses Six New Allegations of Misconduct at Fukuda Denshi and Announces Its Opposition to Three Director Candidates, Including Chairman Fukuda, at the Ordinary General Meeting of Shareholders

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BOSTON--(BUSINESS WIRE)--Kaname Capital, L.P. ("Kaname") today issued a public letter and a white paper addressed to the Board of Directors and the Board of Corporate Auditors of Fukuda Denshi Co., Ltd. (TSE: 6960, "Fukuda Denshi"). Fukuda Denshi has refused every one of our repeated requests to establish a third-party committee. We have nonetheless uncovered six new allegations of misconduct, and with the abrupt resignation of Mr. Goto — the outside corporate auditor who had taken part in the