January 27, 2021

Regarding changes of corporate executives, organization and personnel
Tokyo, January 27, 2021 – KH Neochem Co., Ltd (TSE: 4189, President and CEO: Michio Takahashi,“KH Neochem”) announced regarding changes of corporate executives, organization andpersonnel.
<Change of organization> (Effective April 1, 2021)
Toward the realization of VISION 2030, in addition to further strengthening strategy planningand promotion functions, in order to establish an efficient and prompt decision-making system
related to business operations, the following organizational changes will be implemented onApril 1, 2021.
1) Abolition of the Office system
To establish an efficient and prompt decision-making system related to business operations,the three offices of Business Headquarters Office, R&D Office and Production & Technology
Office will be abolished and changed to a flat organizational structure, and responsibilities andauthorities of business operations will be delegated to the heads of each division
2) Strengthening strategy planning and promotion functions
 "Corporate Planning", specializing in company-wide strategy planning and promotionfunctions from a medium- to long-term perspective will be newly established, and StrategicPlanning Division will be abolished.
 "Business Development" will be newly established by integrating strategy planning andpromotion functions of existing businesses in Strategic Planning Division and R&DDepartment.
 R&D Department will be abolished, and the functions of R&D Department related tointellectual property, trademark related will be transferred to “Corporate Administration,Public Relations, Legal and Compliance”, and the patent related will be transferred to “R&DCenter”.
3) Strengthen function of the organization, improve efficiency of business operations andoptimize management span "Accounting, FP&A, Finance and IR" will be newly established by integrating functions ofAccounting Division and Finance Division.
 To strengthen the functions comprehensively such as public relations, general affairs,
shareholders related and governance, Public Relations will be abolished and integrated into
“Corporate Administration, Public Relations, Legal and Compliance”.
 To strengthen sales strategy planning and marketing functions, “Sales & Marketing” will be
newly established by integrating Sales & Marketing Department 1 and Sales and Marketing
Department 2.
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 To strengthen customer service functions further, the customer service functions inOperating Promotion Division and Environment Safety & Quality Assurance Division will beconsolidated into newly established “Business Services and Logistics" and OperatingPromotion Division will be abolished.
 Project Development Division will be abolished because the role has been completed<Transfer of Board Directors and Corporate Officers>
KH Neochem has introduced a corporate officer system in order to speed up and streamline
decision-making regarding business operations delegated by the Board of Directors. Under suchcircumstances, Board Directors (excluding Outside Directors; the same shall apply hereinafter)
have taken on the role of promoting business operations in specific areas, such as serving asheads of Business Headquarters Office, R&D Office and Production & Technology Office.
However, with the abolition of the Office system as described above, Board Directors will focus
on formulating company-wide corporate strategies and policies from a medium- to long-term
perspective. Also, in order to fulfill the supervisory function from a company-wide perspective,
Board Directors will be in charge certain functions of the organization.
Corporate Officers who do not serve as Board Directors, under the responsibilities andauthorities for business operations delegated more than ever, will assume the roles of head offunctions in order to clarify the responsibility for results in business operations. This aims tospeed up decision making process and to strengthen the function of strategy planning andpromotions. At the same time, current Corporate Officer system based on the employment
contract will be changed to the system based on the delegation contract. Under the newsystem, Corporate Officers will be asked to commit to business performance while ensuring
more independence. The system will be changed on the date of the Ordinary General Meetingof Shareholders will be held in March 2021, and Corporate Officers will be appointed again on
the same date. The term of the contract will be one year, which is the same as for BoardDirectors, until the date of the Ordinary General Meeting of Shareholders next year.
As Corporate Officer system will be changed based to a delegation contract, the retirement
allowance system will be abolished and a performance-linked stock compensation system will
be introduced to Corporate Officers in the same way as Board of Directors.

2/71) Transfer of Board Directors (Effective April 1, 2021)*It will be officially decided at the General Meeting of Shareholders held in March 2021 andthe subsequent Board of Directors meeting.
New Responsibilities
Current Responsibilities
Name
Board Director
Senior Corporate Officer
Board Director(In charge of Procurement, Production
Senior Corporate Officer,
Toshihiro Matsuoka
Planning and Engineering, Plants,
Production & Technology OfficeEnvironment,SafetyandQualityAssurance)

Board Director
Senior Corporate Officer(In charge of Corporate Planning,
Business Development,
Sales & Marketing, Business Services

Board Director
Senior Corporate Officer,
Business Headquarters Office

Tatsuro Niiya

Board Director
Senior Corporate Officer & CFO

Masaya Hamamotoand Logistics)

Board Director
Senior Corporate Officer & CFO(In charge of Accounting, Finance, IR,Corporate Administration,
Public Relations, Legal and Compliance,
Internal Audit, Risk Management,
Promotion of ESG/SDGs)

Board Director
Corporate Officer

Board Director
Corporate Officer,(In charge of HR, IT Strategy, R&D, R&D Office, Innovation Strategy
Intellectual Property, Cyber Security)
Office2) Transfer of Corporate Officers
A. Effective March 15, 2021
New Responsibilities
Current Responsibilities
Corporate Officer
Finance, Public & Investor Relations Corporate Officer
General Manager, Finance Division Finance, Public & Investor Relationsand General Manager, Accounting General Manager, Finance Division
Division

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Yukihiro Isogai

NameAkira Kamimura

B. Effective on the date of the Ordinary General Meeting of Shareholders on March, 2021
New Responsibilities
Current Responsibilities
Name
General Manager,
Corporate Officer
Purchasing Division
Head of Procurement,
Atsushi Tokumitsu
and General Manager,
Project Development Division
Project Development DivisionCorporate Officer
General Manager,
General Manager,
Katsunori Sato
Sales & Marketing Department 1
Sales & Marketing Department 1C. Effective April 1, 2021
New Responsibilities
Corporate Officer
General Manager, Yokkaichi PlantCorporate Officer
Head of Environment, Safety andQuality Assurance
Corporate Officer
Head of Corporate Planning
Corporate Officer
Head of Corporate Administration,
Public Relations, Legal andCompliance

Current Responsibilities
Corporate Officer
Production & Technology Office

Name
Seiji Saito

Corporate Officer
General Manager, Yokkaichi Plant

Yoshiaki Kondo

Corporate Officer
Strategic Planning and Purchasing

Hideki Shimizu

Corporate Officer
General Manager,
Corporate Administration

Isao Takahashi

Corporate Officer
Corporate Officer
Finance, Public & Investor Relations
Head of Accounting, FP&A, Finance General Manager, Finance Divisionand IRand General Manager, Accounting
Division
Corporate Officer
Corporate Officer
Head of Procurement,
Head of Procurement
Project Development DivisionCorporate Officer
Corporate Officer
General Manager,
Head of Sales & Marketing
Sales & Marketing Department 1

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Akira Kamimura

Atsushi Tokumitsu

Katsunori Sato

<Transfer of personnel>
1) Effective March 15, 2021
New Responsibilities
Current Responsibilities
Seconded to Kurogane Kasei Co., General Manager,
Ltd.
Accounting Division
2) Effective April 1, 2021
New Responsibilities
Head of Business Development

Current Responsibilities
General Manager,
Strategic Planning Division

Senior Manager, HR, Corporate
Administration, Public Relations, General Manager, Public Relations
Legal and Compliance
General Manager,
Senior Manager, Sales & Marketing
Sales & Marketing Department 2
Head of Business Services and General Manager,
Logistics
Operating Promotion DivisionManager,
Head of Innovation Strategy
Innovation Strategy Office
Deputy General Manager,
Head of R&D Center
Production & Technology Division
Senior Manager,
General Manager,
Environment, Safety and Quality Environment Safety & Quality
Assurance
Assurance Division
Seconded to Kurogane Kasei Co.,
General Manager, R&D Center
Ltd.
Seconded to Miyako Kagaku Co., General Manager,
Ltd.
R&D Department

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Name
Yasushi Fujita

NameToshihiro Inayama

Masaki Hatanaka

Shinichi Konishi
Kiyoshi IshigamiSeki Yamamoto
Hiroshi Matsuoka

Makoto Goto

Iwao Hotta
Kiyoyuki OguraReference<Board Members, Audit & Supervisory Board Members and Corporate Officers>(Effective April 1, 2021)

Board Directors
Position
Representative Director,
President & Chief Executive Officer

Name

In charge

Michio Takahashi
Procurement, Production Planning

Board Director
Senior Corporate Officer

Toshihiro Matsuoka

and Engineering, Plants,
Environment, Safety and Quality
Assurance

Board Director
Senior Corporate Officer

Corporate Planning, Business

Tatsuro Niiya

Development, Sales & Marketing,Business Services and Logistics
Accounting, Finance, IR,

Board DirectorSenior Corporate Officer & CFO

Corporate Administration, Public

Masaya Hamamoto

Relations, Legal and Compliance,
Internal Audit, Risk Management,
Promotion of ESG/SDGs

Board Director
Corporate Officer
Board Director（Outside & Independent）
Board Director（Outside & Independent）
Board Director（Outside & Independent）

Yukihiro Isogai
Sayoko Miyairi
Jun Tsuchiya
Yuji Kikuchi

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HR, IT Strategy, R&D, Intellectual
Property, Cyber Security

Audit & Supervisory Board Members
Responsibilities

Name

Audit & Supervisory Board Member

Tokuo Oodo

Audit & Supervisory Board Member（Outside & Independent）
Audit & Supervisory Board Member（Outside & Independent）

Kazuhiro Kawai
Keiko Tamura

Corporate Officers
Position

Name

Responsibilities

Corporate Officer

Seiji Saito

General Manager, Yokkaichi Plant
Seconded to Kurogane Kasei Co.,

Corporate Officer

Toshiaki Ogata

Ltd. (President & Chief ExecutiveOfficer)

Corporate Officer

Akio Nakahashi

Corporate Officer

Yoshiaki Kondo

Corporate Officer

Hideki Shimizu

General Manager, Chiba Plant
Head of Environment, Safety andQuality Assurance
Head of Corporate Planning
Head of Corporate Administration,

Corporate Officer

Isao Takahashi

Public Relations, Legal andComplianceCorporate Officer

Akira Kamimura

Corporate Officer

Atsushi TokumitsuCorporate Officer

Katsunori Sato###7/7

HeadofAccounting,

Finance and IR
Head of Procurement
Head of Sales & Marketing

FP&A,