Intelligent Wave Inc. announced that the board of directors held at August 25, 2021 resolved change in Representative Director. Tsukasa Iseki is to resign from Director at the time of the closing of the 38th annual general shareholders meeting scheduled at September 29, 2021. He is to be appointed as a special advisor after the resignation. The Company aims to develop its business further and increase its enterprise value by executing its medium-term business plan under a management structure headed by a single Representative Director.