Okabe Co., Ltd. announced that its Board of Directors, at a meeting held, informally decided to make changes regarding its Executives as of March 30, 2022. Details are as follows. These changes are scheduled to become official following a decision at the 78th ordinary general meeting of the Company's shareholders to be held on March 30, 2022. 1. Changes to Directors (excluding Directors who are Audit & Supervisory Committee Members) (1) Retiring Director: Akira Motoi (Currently Director and Managing Executive Officer in charge of International Division) (Note) Akira Motoi is scheduled to become the Company's Corporate Advisor. 2. Changes in Operating Officers (1) Operating Officers scheduled for promotion Director and Senior Managing Executive Officer Yasushi Hosomichi
(Currently Director and Managing Executive Officer in charge of Administrative Division). (2) New Operating Officer candidate Operating Officer Andy Cramer
(Currently President and Company Secretary at OCM Inc., President and Company Secretary at OCM Manufacturing LLC). (1) Directors and Audit & Supervisory Committee Members: Name: Yasushi Hosomichi. New titles, and major new responsibilities or concurrent positions: Director and Senior In charge of Administrative Division and Managing Executive International Division Officer President of Okabe Holding USA Inc. Current titles, and major current responsibilities or concurrent positions: Director and In charge of Managing Executive Administrative Officer Division. (2) Operating Officers not serving concurrently as Directors- Name: Hisanori Ekawa. New titles, and major new responsibilities or concurrent positions: Operating Officer, General Manager of the Financial Affairs Group in the Administrative Division and Executive General Manager of the Information System Group. Current titles, and major current responsibilities or concurrent positions: Operating Officer General Manager of the Financial Affairs Group in the Administrative Division.