Territorial Bancorp (TBNK) EGM 2024 summary

Opening remarks and agenda

• Chairman welcomed attendees and outlined the meeting's principal business: approval of the merger agreement with Hope Bancorp, Inc and related matters.

• Rules of conduct and proxy statement/prospectus were made available to participants.

Specific resolutions to be voted on

• Approval and adoption of the merger agreement and plan of merger with Hope Bancorp, Inc, dated April 26, 2024.

• Non-binding approval of compensation payable to named executive officers in connection with the merger.

• Adjournment of the special meeting, if necessary, was listed but not acted upon due to sufficient votes.

Corporate governance

• Notice and amended notice of the meeting were mailed to all stockholders as required by bylaws.

• Board of Directors adopted resolutions for the meeting and set August 14, 2024, as the record date for voting eligibility.

• Inspector of Elections appointed to oversee voting and report results.