The board of directors of Cosmo Lady (China) Holdings Company Limited announced that Mr. Yuasa Masaru has been appointed as chief technology officer of the Group on August 1, 2018. Mr. Yuasa is responsible for research, development and innovation of technology in order to enhance existing technology, improve the functionality and quality of existing products, research on and develop new products and new raw materials. Prior to joining the Group, he worked in Wacoal Holdings Corp. and was previously the head of its research and development department.