The Board of Directors of OSAKA SODA CO, LTD. (Representative Director, Chief Executive Officer: Tamotsu Sato) adopted a resolution to change its representative directors on March 21, 2017 as stated below. Changes of the representative directors are still subject to formal approval by the Board of Directors Meeting to be held on June 29, 2017, following the Ordinary Meeting of Shareholders on the same day. Changes of representative directors are: Tamotsu Sato from current position representative director, chief executive officer to new position as representative director, chairman & chief executive officer and Kenshi Terada changed from director, managing executive officer to new position as representative director, president & chief operating officer.