Taikisha Ltd. has resolved, at the meeting of the Board of Directors held on November 29, 2022, to change representative directors as follows due to further strengthen management of the Company. Koji Kato as Director with current position of Representative Director, President Corporate Officer; Masashi Osada as Representative Director, President Corporate Officer with current position of Director, Executive Corporate Officer; and Yasushi Nakajima as Representative Director, Executive Corporate Officer with current position of Director, Executive Corporate Officer. Scheduled Effective Date is April 1, 2023.

Koji Kato will retire from the position of Director at the Annual Shareholders' Meeting scheduled to be held on June, 2023 and then assume the position of Executive Adviser of the Company. Masashi Osada is 63-year-old. Education: March 1983, Graduated Faculty of Economics, Keio University.

Career summary: April 1983: Joined the Company; April 2007: Corporate Officer, General Manager, Planning Office, Green Technology System Division; April 2009: Managing Corporate Officer, Chief Executive, Planning Headquarters and in charge of environment, and General Manager, Corporate Planning Office; June 2009: Director, Managing Corporate Officer, Chief Executive, Planning Headquarters and in charge of environment, and General Manager, Corporate Planning Office; April 2012: Director, Managing Corporate Officer, General Manager, Chubu Branch Office, Green Technology System Division; April 2015: President, Taikisha (Singapore) Pte. Ltd.; April 2019: Assistant Director, Senior General Manager, Global Business Management Dept., Paint Finishing System Division; April 2020: Managing Corporate Officer, Chief Executive, Corporate Planning Headquarters; April 2021: Executive Corporate Officer, Chief General Manager, Green Technology System Division; June 2021: Director, Executive Corporate Officer, Chief General Manager, Green Technology System Division (current position). Yasushi Nakajima is 62-year-old.

Education: March 1982, Graduated Faculty of Engineering, Saitama University. Career summary: April 1982: Joined the Company; April 2014: Corporate Officer, Senior General Manager, Engineering Supervisory Dept., Green Technology System Division; April 2015: Senior Corporate Officer, Senior General Manager, Engineering Supervisory Dept., Green Technology System Division and Senior General Manager, Global Business Management Dept.; April 2016: Senior Corporate Officer, Vice General Manager in charge of technology and Senior General Manager, Engineering Supervisory Dept., Green Technology System Division and Senior General Manager, Global Business Management Dept.; April 2017: Managing Corporate Officer, Vice General Manager, Green Technology System Division; June 2017: Director, Managing Corporate Officer, Vice General Manager, Green Technology System Division; April 2019: Director, Executive Corporate Officer, Chief General Manager, Green Technology System Division; April 2021: Director, Executive Corporate Officer, Chief Executive, Administrative Management Headquarters (current position).