Mabuchi Motor Co., Ltd. at its Board of Directors meeting held on February 7, 2022 resolved the preliminary approval of changes in its Representative Directors (including change in President) and its Executive Officers as follows: Masato ITOKAWA has been retired from Representative Director and COO. Shinichi TANIGUCHI has been appointed as Representative Director, President and COO. The company has decided to appoint Shinichi TANIGUCHI as president and Mr. Hiroo OKOSHI, the new Chairman, will continue to serve as CEO.

These changes will officially come into effect upon approval at the 81st Ordinary General Meeting of Shareholders, which is scheduled to be held on March 30, 2022, and the Board of Directors meeting to be held after such Ordinary General Meeting of Shareholders.