February 22, 2022

To our shareholders

Company Name:Optorun Co., Ltd.
Name of Representative: Ihei Hayashi
Representative Director andPresident/CEO(Securities Code: 6235 Tokyo Stock Exchange Section 1)
Inquiries:
Mitsuo Yamada
Director and Executive Officer,
General Manager of Corporate
Management Department(TEL: +81-3-6635-9487)
Notice of Change of Officers
We hereby inform you that at today's meeting of the Board of Directors, the change of theRepresentative Director and Executive Officers has been decided as follows. Of these changes, thoserelating to the appointment of directors are scheduled to be officially decided at the Ordinary General
Meeting of Shareholders scheduled to be held on March 29, 2022.
1 Change of Representative Director (dated March 29, 2022)(1) Reason for the Change
In order to further strengthen and enhance our management system and enable timely response to therapidly developing global market and sustainable growth of our business, we have decided to appoint a
new management team.
We are determined to achieve further growth by renewing the management team that will sustain thegrowth of our business.
(2) Details of the transfer
NameNew title

Current job title

Ihei Hayashi

Chairman of the Board

President and CEO

Bin FanPresident and CEO

Senior Managing Director
Corporate General Manager ofR&D Office(3) Brief personal history of newly appointed representative directors
Name(Date of birth)

Career summary, and position and responsibility in the Company(Significant concurrent positions outside the Company)
Sept. 1994
Feb. 2000
Apr. 2008
Apr. 2013
Mar. 2014
Aug. 2014

Bin Fan(November 21, 1972)

Mar. 2017
Aug. 2017
Sept. 2018
Mar. 2019
Mar. 2019
Dec. 2020
Certificates:

Joined Shanghai Institute of Technical Physics,
Chinese Academy of Sciences
Joined the Company
General Manager of Technical Development
Department
Executive Officer and General Manager ofTechnical Development Department
Director, Executive Officer and General
Manager of Technical Development
Department
Director and CEO of Optorun USA, INC.
(current position)
Managing Executive Officer and General
393,000 shares
Manager of Technical Development
Department of the Company
Chairman of Zhejiang Shochi Optronics
Technology Co., Ltd.(current position)
Managing Executive Officer and General
Manager of Technical Development Division
Director, Senior Managing Executive Officerand General Manager of TechnicalDevelopment Division (current position)
Director of OPTORUN TAIWAN CO., LTD.
(current position)
Director of Afly solution Oy (current position)
Doctor of Engineering

2 Change of Directors (dated March 29, 2022)
Name
New title

Tadashi Takiguchi

Outside Director

3 Board of Directors (March 29, 2022)(Directors, Corporate Auditors)
Director (Chairman)

Number of theCompany’s
shares owned

Current job title-Ihei Hayashi(reappointed as director and retired as representative director upon expiration of term of office)Representative Director
Director
Outside Director
Outside Director
Outside Director
Outside Director
Corporate Auditor
Outside Auditor
Outside Auditor(Executive Officers)
President/CEOBin Fan(promotion, newly appointed Representative Director)
Mitsuo Yamada (reappointment)
Min Rin (reappointment)
Takeshi Higuchi (reappointment)
Naoko Yamazaki (reappointment)
Tadashi Takiguchi (newly appointment)
Shinichi Kobayashi
Hironobu Sasada
Ritsu Katayama
Bin Fan (promotion)

Managing Executive Officer
Managing Executive Officer
Executive Officer
Executive Officer
4 Various roles
Honorary Chairman
Senior Executive Advisor

Jianzheng Xi (reappointment)
Hideyuki Odagi (reappointment)
Mitsuo Yamada (reappointment)
Masashi Kubo (reappointed)
Daiyu Son (reappointment)
Toshinori Takahashi (reappointment)
End of Document