ExaWizards Inc. announced that its Board of Directors has resolved at a meeting held on May 26, 2023, to make the following changes to its executive structure. This change will be officially decided at the Annual General Meeting of Shareholders and the Board of Directors Meeting to be held on June 28, 2023. Takuma Oue: Newly appointed Managing Director (Executive Officer).

Current post: Director. Resignation: Ko Ishiyama, Director. Newly appointed: Chief AI Innovator.

Takuma Oue, who has been responsible for business promotion as a director, will be promoted to the position of managing director in order to strengthen his commitment to the achievement of the business targets. Ko Ishiyama will resign from the Board of Directors as of the end of the Annual General Meeting of Shareholders due to the need for sufficient time to deal with his family's circumstances, as stated in the timely disclosure "ExaWizards Announces its New Leadership Structure" on March 22, 2023. On the other hand, Mr. Ishiyama will continue to serve as Chief AI Innovator, utilizing his abundant technical knowledge and business development experience to advance and scale up projects centered on exaBase Studio.

Nishanth Koganti, Executive Officer will retire on May 31, 2023.