March 5, 2024

Notice Regarding Personnel Changes

Topy Industries Limited hereby gives notice regarding the finalization of titles and duties of directors and operating
officers effective April 1, 2024 and that the candidates for Director and Audit & Supervisory Board Member positions to bediscussed at the 130th Ordinary General Meeting of Shareholders (scheduled to take place in late June), along with thedirectors to be appointed at the Board of Directors’ meeting following the shareholders’ meeting and their duties, have been
decided.

Contact: Tetsuya Sakai, Managing Executive Officer and General Manager, General Affairs Department
TEL: +81-3-3493-0777

1. Title and Duties of Directors(Effective April 1, 2024)
Title
Director,President andCEOSenior〇 ManagingDirector

NameDuties
New (as of April 1)

Current (as of March 5)

Hiromi Ishii

Representative Director and President

Same as at left

Shuichi Tachibana

Assistant to the President in charge ofGeneral Affairs, Finance, and Risk
Management

In charge of General Affairs, Personnel,and Risk Management, Assistant in chargeof Safety & Health(Managing Director)

Advisor to theBoard

NobuhikoTakamatsu

Director

Shinichi Kijima

DirectorMasayoshi
Takezawa

Director and Chairman

Assistant to the President

Assistant to the President in charge ofFinance(Director and Executive Vice President)

Assistant to the President

In charge of Technology, Safety & Health,
DX Strategy, and the Business
Development Strategy Center(Senior Managing Director)

Director

Tsuyoshi Nakamura

Assistant to the President

In charge of Corporate Planning,
Business Operations, and Sustainability
Strategy(Senior Managing Director)

DirectorTakeshi Kiriyama

Outside Director

Same as at left

Director

Hiroko Kaneko

Outside Director

Same as at left

Director

Takahiro Mikami

Outside Director

Same as at left

○ denotes promoted Director.

12. Title and Duties of Operating Officers(Effective April 1, 2024)
TitleSenior
Managing〇
ExecutiveOfficer

NameNew (as of April 1)

Current (as of March 5)

General Manager of Automotive
Components Division, in charge ofAutomotive and Industrial Machinery
Components Business

General Manager of General Affairs
Department(Managing Executive Officer)

Hideki Aoyama

General Manager of Overseas Business
Strategy Department

General Manager of Overseas Business
Strategy Department, Deputy General
Manager of Sales Division, and General
Manager of Aluminum Administrative
Center, Wheel Division

Masahiro Abe

In charge of Technology, Safety & Health,DX Strategy, and the Business
Development Strategy Center・Cooperation with Director in charge ofSustainability Strategy on matters related tocarbon neutrality

General Manager of Engineering
Administration Department

Managing
Executive
Officer

Katsuyoshi Tanaka

In charge of Corporate Planning, Overseas
Business Strategy, Personnel andSustainability Strategy・Collaboration with Executive in chargeof Safety & Health・Collaboration with Executive in chargeof DX Strategy on matters related to thedevelopment of DX personnel
・Collaboration with Executive in chargeof Procurement

General Manager of Corporate Planning
Department

Managing
Executive
Officer

Masaru Yasuhara

In charge of Sales, Procurement andLogistics

General Manager of Sales Department

Managing
ExecutiveOfficer

Masatoshi Takahashi

General Manager of Finance andAccounting Department

Same as at left

Hideo Katsuyama

General Manager of Undercarriage
Components Division, in charge ofAutomotive and Industrial Machinery
Components Business

Same as at left
(Operating Officer)

Yoshihito Kano

General Manager of Business Development
Strategy Center

Same as at left
(Operating Officer)

Koji Kawakami

General Manager of Digital Transformation
Strategy Department

Same as at left
(Operating Officer)

Shuichi Taguchi

General Manager of Aluminum Wheels
Business Operations, Automotive
Components DivisionDirector, President & CEO of Topy
America, Inc.

Operating
Officer

Koji Takeuchi

Deputy General Manager of Business
Development Strategy Center and General
Manager of Business Development
Strategy Center

General Manager of Wheel Division andGeneral Manager of Commercial and Off
The Road Wheel Division, in charge ofAutomotive and Industrial Machinery
Components Business

Operating
Officer

Shinichiro Tada

General Manager of Internal Audit
Department

Same as at left

Managing
Executive
OfficerManaging
Executive
OfficerManaging〇 Executive
Officer

Tetsuya Sakai

Managing〇 Executive
OfficerManaging〇 Executive
Officer*Duties

OperatingOfficer2Title

NameDuties
New (as of April 1)

Current (as of March 5)

Tomoki Oyaizu

General Manager of General Affairs
Department

General Manager of Off the Road Wheel
Division, Sales Division, Overseas
Business Strategy Department andOverseas Sales Operations

OperatingOfficerAkihiro Noaki

General Manager of Steel Division, incharge of Steel Business

General Manager of Steel Division, incharge of Steel Business, and General
Manager of Toyohashi Plant, Steel Division

Operating
OfficerHiroshi Ogawa

General Manager of Sales Department

General Manager of Steel Department,
Sales Division

Noboru Kakizawa

General Manager of Kanagawa Plant,
Undercarriage Components Division, andGeneral Manager of Procurement,
Undercarriage Components Division

General Manager of Kanagawa Plant,
Undercarriage Components Division, andGeneral Manager of Quality Assurance,
Undercarriage Components Division

OperatingOfficerOperating*Officer*Operating
Officer

Takanori Yoshikawa

General Manager of Corporate Planning
Department
・Assistant in charge of Procurement

General Manager, Human Resources
Department*Operating
OfficerKenji Kamite

General Manager of Toyohashi Plant, SteelDivision

Deputy General Manager of Toyohashi
Plant, Steel Division and General Managerof Steel Division○ denotes promoted operating officer.
* denotes newly appointed operating officer.

3. Outgoing Operating Officers(Effective March 31, 2024)
Current title

Name

Planned appointment

OperatingOfficer

Koji NanayamaCouncilor
Director, President & CEO of Topy America, Inc.

Operating
OfficerTakeshi Iizuka

Councilor
Representative Director, President and CEO of Topy Marine Transport, Ltd. (current)34. Candidates for Director(Scheduled for late June 2024)
Title*DutiesName

New (late June)

Current (as of April 1)

Director,President andCEO

Hiromi Ishii

Representative Director and President

Same as at left

SeniorManaging
Director

Shuichi Tachibana

Assistant to the President in charge ofGeneral Affairs, Finance, and Risk
Management

Same as at left

Masahiro Abe

In charge of Technology, Safety & Health,
DX Strategy, and the Business
Development Strategy Center・Cooperation with Director in charge ofSustainability Strategy on matters related tocarbon neutrality

Same as at left
(Managing Executive Officer)

Same as at left
(Managing Executive Officer)

ManagingDirector*

ManagingDirector

Katsuyoshi Tanaka

In charge of Corporate Planning, Overseas
Business Strategy, Personnel andSustainability Strategy・Collaboration with Executive in charge ofSafety & Health・Collaboration with Executive in charge ofDX Strategy on matters related to thedevelopment of DX personnel・Collaboration with Executive in charge ofProcurement*ManagingDirector

Masaru Yasuhara

In charge of Sales, Procurement andLogistics

Same as at left
(Managing Executive Officer)

Director

Hiroko Kaneko

Outside Director

Same as at left

Director

Takahiro Mikami

Outside Director

Same as at left

* Director

Takao Isozaki

Outside Director(Managing Director of Development Bankof Japan Inc.)* denotes new candidate for director.

5. Outgoing Directors
Current title(Scheduled for late June 2024)
Planned appointment

NameAdvisor to theBoard

NobuhikoTakamatsu

Counselor

Director

Shinichi Kijima

Permanent advisor

Director

Masayoshi
Takezawa

Permanent advisor

4Director

Tsuyoshi Nakamura

Permanent advisor

DirectorTakeshi Kiriyama

Advisor56. Title and Duties of Operating Officers(Scheduled for late June 2024)
Title
SeniorManaging
Executive
OfficerManaging
Executive
OfficerManaging
Executive
Officer

Name

DutiesNew (late June)

Current (as of April 1)

Tetsuya Sakai

General Manager of Automotive
Components Division, in charge ofAutomotive and Industrial Machinery
Components Business

Same as at left

Hideki Aoyama

General Manager of Overseas Business
Strategy Department

Same as at left

Masatoshi Takahashi

General Manager of Finance andAccounting Department

Same as at left

Managing
Executive
Officer

Hideo Katsuyama

General Manager of Undercarriage
Components Division, in charge ofAutomotive and Industrial Machinery
Components Business

Same as at left

Managing
Executive
Officer

Yoshihito Kano

General Manager of Business Development
Strategy Center

Same as at left

Managing
Executive
Officer

Koji Kawakami

General Manager of Digital Transformation
Strategy Department

Same as at left

Shuichi Taguchi

General Manager of Aluminum Business
Operations, Automotive Components
Division, and Representative Director andPresident and CEO of Asahi Tec
Corporation

Same as at left

Operating
Officer

Koji Takeuchi

Deputy General Manager of Business
Development Strategy Center and General
Manager of Business Development
Strategy Center

Same as at left

Operating
Officer

Shinichiro Tada

General Manager of Internal Audit
Department

Same as at left

Operating
Officer

Tomoki Oyaizu

General Manager of General Affairs
Department

Same as at left

Operating
OfficerAkihiro Noaki

General Manager of Steel Division, incharge of Steel Business

Same as at left

Operating
Officer

Hiroshi Ogawa

General Manager of Sales Department

Same as at left

Operating
Officer

Noboru Kakizawa

General Manager of Kanagawa Plant,
Undercarriage Components Division, andGeneral Manager of Procurement,
Undercarriage Components Division

Same as at left

Operating
Officer

Takanori YoshikawaGeneral Manager of Corporate Planning
Department
・Assistant in charge of Procurement

Same as at left

OperatingOfficer

Kenji Kamite

General Manager of Toyohashi Plant, SteelDivision

Same as at left

OperatingOfficer

67. Outgoing Operating Officers
Current title(Scheduled for late June 2024)
Planned appointment

Name

Managing
Executive
Officer

Masahiro Abe

Managing Director

Managing
Executive
Officer

Katsuyoshi Tanaka

Managing Director

Managing
Executive
Officer

Masaru YasuharaManaging Director

8. Candidates for Audit & Supervisory Board Member(Scheduled for late June 2024)
DutiesName

New (late June)

Current (as of March 5)

Takanori Kawano

Full-time Audit & Supervisory Board Member

Same as at left

Shinya Hayakawa

Full-time Audit & Supervisory Board Member

Same as at left

* Yasuhisa Fujiki

Outside Audit & Supervisory Board Member(Deputy President of Mizuho Marubeni LeasingCorporation)* Shinya Makino

Outside Audit & Supervisory Board Member(Director, Deputy President, Representative Executive
Officer of Meiji Yasuda Life Insurance Company)* denotes new candidate for Audit & Supervisory Board member.
Takanori Kawano and Shinya Hayakawa are still serving their term of office.
9. Outgoing Audit & Supervisory Board Members(Scheduled for late June 2024)
Planned appointment

Current title

Name

Outside Audit &Supervisory
Board Member

Tetsuya Kawagishi

AdvisorOutside Audit &Supervisory
Board Member

Akio Sakai

Advisor7