Showa Denko (SDK) decided at its Board of Directors meeting held on December 2, 2021, changes in corporate management (directors, audit & supervisory board members, corporate officers, executive officers, and councilors). SDK will organize a new management team integrated with that of Showa Denko Materials Co. Ltd. (SDMC), aiming to accelerate integration of organizations of SDK and SDMC and promote speedy management of the Showa Denko Group. In addition, SDK will establish a new position named ?Executive Officer? as a position between Corporate Officer and Councilor, effective January 4, 2022. Motohiro Takeuchi (Representative Director; Managing Corporate Officer; Chief Financial Officer (CFO); officer in charge of Finance & Accounting, and Information Systems departments) will resign as Representative Director and Managing Corporate Officer on January 3, 2022. He will assume the post of Assistant to President on January 4, 2022. He will also resign as Director at the General Meeting of Shareholders in late March 2022. Hideo Ichikawa (Director; Chairman of the Board) will resign as Director at the General Meeting of Shareholders in late March 2022 and become Executive Advisor. Hideki Somemiya (General Manager, Preparation Office for Group CFO) and Tomomitsu Maoka (General Manager, Preparation Office for Group CSO) will be elected directors of SDK at the General Meeting of Shareholders in late March 2022. Prior to these promotions, Somemiya will become Managing Corporate Officer; Chief Financial Officer (CFO), and Maoka will become Managing Corporate Officer; Chief Strategy Officer (CSO), both effective January 4, 2022. Setsu Onishi will resign as Outside Member of the Audit & Supervisory Board at the General Meeting of Shareholders in late March 2022. Meanwhile, Yasuyuki Miyasaka (Yasuyuki Miyasaka CPA Office; Outside Member of the Audit & Supervisory Board, ITOCHU-SHOKUHIN Co. Ltd.; Outside Corporate Auditor, Board of Corporate Auditors, Santen Pharmaceutical Co. Ltd.) will be elected as Outside Member of the Audit & Supervisory Board at the General Meeting of Shareholders in late March 2022. Kohei Morikawa will resign as Corporate Officer, President on January 3, 2022. He will become Representative Director, Chairman of the Board on January 4. Jiro Ishikawa (Senior Managing Corporate Officer; General Manager, Device Solutions Division; officer in charge of Electronics Materials Project and Chichibu Plant) will resign as Senior Managing Corporate Officer on January 3, 2022. He will become Executive Officer; General Manager, Device Solutions Division on January 4, 2022. Yoichi Takeuchi (Corporate Officer; Plant Manager, Kawasaki Plant) will resign as Corporate Officer on January 3, 2022. He will become Corporate Expert, Assistant to President on January 4, 2022. Taichi Nagai (Corporate Officer; Oita Complex Representative) will resign as Corporate Officer on January 3, 2022. He will become Executive Officer on January 4, 2022, and will continue working as Oita Complex Representative. Masunori Kaiho (Corporate Officer; officer in charge of Kawasaki Plant, Higashinagahara Plant, Isesaki Plant, Tatsuno Plant, Production Technology, Energy & Electricity Department, SPS Innovation, and Responsible Care departments; Chairman of the Security Export Control Committee and Safety Measures Committee) will resign as Corporate Officer on January 3, 2022. He will become Corporate Expert, Assistant to President on January 4, 2022. The company will assume the post of Audit & Supervisory Board Member of Tsurusaki Kyodo Doryoku K.K. in late March 2022. Tetsuo Wada (Corporate Officer; General Manager, Institute for Integrated Product Development) will resign as Corporate Officer on January 3, 2022. He will become Corporate Expert, Institute for Integrated Product Development on January 4, 2022. Hirotsugu Fukuda (Corporate Officer; General Manager, Petrochemicals Division and Olefin Department; officer in charge of Oita Complex) will resign as Corporate Officer on January 3, 2022. He will be newly appointed Executive Officer on January 4, 2022. He will continue working as General Manager, Petrochemicals Division. Eishi Wakutsu (Corporate Officer; General Manager, Corporate Strategy Department; member of Security Export Control Committee) will resign as Corporate Officer on January 3, 2022. He will be newly appointed Executive Officer; General Manager, Preparation Office for Risk Management Department and Preparation Office for Integration on January 4, 2022. Kenjiro Yamamasu (Corporate Officer; General Manager, Electronic Chemicals Division; officer in charge of Tokuyama Pant) will resign as Corporate Officer on January 3, 2022. He will be newly appointed Executive Officer on January 4, 2022. He will continue working as General Manager, Electronic Chemicals Division. Kazuo Hirakura (Corporate Officer; General Manager, Industrial Gases Division; President, Showa Denko Gas Products Co. Ltd.) will resign as Corporate Officer on January 3, 2022. He will be newly appointed Executive Officer on January 4, 2022. He will continue working as General Manager, Industrial Gases Division, and President, Showa Denko Gas Products Co. Ltd. Hiroyuki Eda (Corporate Officer; officer in charge of Aluminum Specialty Components Division, Oyama and Kitakata plants) will resign as Corporate Officer on January 3, 2022. He will be newly appointed Executive Officer; General Manager, Aluminum Specialty Components Division on January 4, 2022.