August 28, 2024
To whom it may concern:
Company
Name of RepresentativeContact

WELLNEO SUGAR Co., Ltd.
Koji Yamamoto, President andRepresentative Director(Code No. 2117
TSE Prime Market)
Akira Okubo,Director and Senior Managing
Executive Officer(TEL. 03-3668-1246)

Notice regarding Personnel Changes of General Manager Effective October 1, 2024
WELLNEO SUGAR Co., Ltd. (the “Company”) hereby announces that the Company have made the following decisions
regarding the personnel changes of general managers of the Company, effective October 1, 2024, following the absorptiontype merger with Nissin Sugar Co., Ltd. and ITOCHU Sugar Co., Ltd., our wholly-owned subsidiaries, which will bedissolved (hereinafter referred to as the "Merger"). The personnel changes of general managers are subject to the Merger
taking effective.
Dated October 1, 2024
Name

New title

Current title

Kazuhisa Nakashima

General Manager of Audit & Supervisory Board
Members' Office

General Manager of Audit & Supervisory Board
Members' Office of Nissin Sugar Co., Ltd.

Ryuzo Takahashi

General Manager of Internal Audit Office

Kunihiko Tahara

General Manager of Corporate Planning &Coordination Department

General Manager of Internal Audit Office ofNissin Sugar Co., Ltd.
General Manager of Corporate Planning &Coordination Department of Nissin Sugar Co.,Ltd.
General Manager of Finance Department ofToshiro Chiba

General Manager of Finance Department

Yuji Okado

General Manager of General Affairs Department

Masato Nakamoto

General Manager of Human Resources
Department

Assistant to Executive Officer in charge of
Human Resources of ITOCHU Sugar Co., Ltd.

Koji Namiki

General Manager, Labor Relations, Human
Resources Department

General Manager of Human Resources
Department of Nissin Sugar Co., Ltd.

Chieko Takahashi

General Manager of Raw Sugar Department

General Manager of Raw Sugar Department ofNissin Sugar Co., Ltd.

1Nissin Sugar Co., Ltd.
General Manager of General Affairs Departmentof Nissin Sugar Co., Ltd.

General Manager of Product Development

Oji Horibata

General Manager of Neo-Functional
Ingredients Department

Akira Gujo

Acting General Manager of Neo-Functional
Ingredients Department

Assistant to Executive Officer in charge ofResearch & Development and General Manager
of Research & Development Department,
ITOCHU Sugar Co., Ltd.

Akira Hirotsu

General Manager of Sales Planning
Department , Sales Division

General Manager of Sales Planning
Department of Sales Division of Nissin SugarCo., Ltd.

Takashi Arai

General Manager of Sales Department Ⅰ, Sales General Manager of Sales Department Ⅰ, SalesDivision
Division of Nissin Sugar Co., Ltd.

Department of Nissin Sugar Co., Ltd.

* Jun Ichiryu

Officer, General Manager of Sales Department Executive Officer in charge of Sales ofⅡ, Sales Division
ITOCHU Sugar Co., Ltd.

* Shinji Hosoya

Officer, General Manager of Sales Department
Area Sales Department, Sales Division of Nissin
Ⅲ, Sales Division

Executive Officer, General Manager of Western
Sugar Co., Ltd.

Yoshinori Nishimoto

General Manager of Logistics Department,
Sales Division

General Manager of Logistics Department, SalesDivision of Nissin Sugar Co., Ltd.

Kazunori Moriya

General Manager of Quality Assurance
Department

General Manager of Quality Assurance
Department of Nissin Sugar Co., Ltd.

Masatoshi Sekiguchi

General Manager of Production Management
Department, Production Division

General Manager of Production Management
Department, Production Division of Nissin Sugar
Co., Ltd.

Toshinobu Kobayashi

General Manager of Engineering &General Manager of Manufacturing
Administration Department of Nissin Sugar Co.,
Technology Department, Production DivisionLtd.

Ryo Honda

General Manager of Administration
General Manager of Finance Department ofDepartment, Chubu Plant, Production Division ITOCHU Sugar Co., Ltd.

Tsuyoshi Kanie

Acting General Manager of Administration
General Manager of Human Resources
Department, Chubu Plant, Production Division Department of ITOCHU Sugar Co., Ltd.

Daisuke Sugiura
Hidekazu Sakai
Satoru Suzuki

General Manager of Production Department,

Chubu Plant, Production Division
General Manager of Engineering Department,

Chubu Plant, Production Division

General Manager of Production Department of
ITOCHU Sugar Co., Ltd.

General Manager of Product Department ofITOCHU Sugar Co., Ltd.

General Manager of Quality Control Department, General Manager of Quality Control

Chubu Plant, Production Division

Department of ITOCHU Sugar Co., Ltd.
General Manager of Administration

Yusuke Yamaoka

General Manager of Administration
Department, Imafuku Plant, Production
Department, Kansai Plant, Production Division

Division of Nissin Sugar Co., Ltd.

Yoji Hirowatari

Masanori Takaoka

General Manager of Production Department,Kansai Plant, Production Division
General Manager of Engineering Department,

Kansai Plant, Production Division
2General Manager of Production
Department, Imafuku Plant, Production
Division of Nissin Sugar Co., Ltd.
General Manager of Engineering Department,
Imafuku Plant, Production Division of Nissin
Sugar Co., Ltd.

Hiroshi Nasu

General Manager of Quality Control
Department, Imafuku Plant, Production
Department, Kansai Plant, Production Division
Division of Nissin Sugar Co., Ltd.
General Manager of Quality Control* Already disclosed in the May 24, 2024 press release titled " Notice regarding the Change of Directors and Executive
Officers of the Company, as well as the Company's Organizational Structure and Personnel Changes after Merger with
Two Consolidated Subsidiaries ".
End3