The Board of Directors' of Inoue Rubber (Thailand) Public Company Limited at the Meeting held on May 12, 2015, acknowledged the resignation of an independent director and audit committee member, Miss Chaovana Viwatpanachati, concerning the good corporate governance for listed companies, regarding the term of sen/ice for independent directors and audit committee members for sixteen years. Therefore, the director decided to resign from the positions. The Board unanimously resolved to appoint Associate Professor Jaruporn Viyanant as Independent Director and Audit Committee Member replacing the resigned Director.

The new Director shall hold the remaining term of office of the former director. The resolution was effective as of May 13, 2015.