News Release Dated May 11, 2023
Company: AOKI Holdings Inc.
Representative: Haruo Tamura, President
Stock code: 8214, TSE Prime
Contact: Tomoki Yanagi, Managing Executive Officer,General Manager of IR OfficeTel: +81-45-941-1388

Notice of Changes of Directors and Other Executives in Connection with theTransition to a Company with Supervisory Committee System
The Board of Directors of AOKI Holdings approved a resolution on March 28, 2023 to transition to acompany with supervisory committee system. The proposed change must first be approved byshareholders at the 47th Annual General Meeting of Shareholders to be held on June 29, 2023. At ameeting held today, the Board of Directors has informally decided on the following changes of directors
and other executives after the transition to a company with supervisory committee system.
1. Candidates for Directors (excluding Directors who are members of Audit & Supervisory Board)(to be submitted at the 47th Annual General Meeting of Shareholders to be held on June 29, 2023)
Name

New position

Current position

Akihiro Aoki

Chairman and Representative
Director

Same as on the left

Haruo Tamura

President and Representative
Director

Same as on the left

Norio Terui

Executive Vice President,Executive Officer in charge ofGroup IT Systems
Director, Senior Managing
Executive Officer in charge ofGroup Brands
Director, Senior Managing
Executive Officer in charge ofGroup General Affairs andComplianceDirector, Executive Officer incharge of Group Human
Resources

Executive Vice President in chargeof Group Human Resources andSystems
Senior Managing Director incharge of Group Branding

Yoko Ohara

External Director

Same as on the left

Mitsuo Takahashi

External Director

Same as on the left

Eiichi Nakamura

External Director

Same as on the left

Sonoko Sugano

External Director

Same as on the left

Masamitsu Aoki

Keita Nagemoto

Yoshiko Kawaguchi

1/2Senior Managing Director in
charge of Group Strategy andCompliance
Executive Officer in charge ofGroup Human Resources

2. Candidates for Directors who are members of Audit & Supervisory Board(to be submitted at the 47th Annual General Meeting of Shareholders to be held on June 29, 2023)
Name
Mitsuji Minemura

New position

Current position

Director

General Manager of Compliance
OfficeYosuke Uehira

External Director(New appointment)

Satoru Kanai

External Director(New appointment)

3. Candidates for Substitute Directors who are members of Audit & Supervisory Board(to be submitted at the 47th Annual General Meeting of Shareholders to be held on June 29, 2023)
Name
Yoshiyuki Tanaka

New position

Current position

External Director(New appointment)

4. Resigning directors (effective June 29, 2023)
Name
Akira Shimizu

Current position
In charge of Group Store Development and Real Estate Business

Hidekazu Azuma
In charge of Group Special ProjectNote: Akira Shimizu is scheduled to be appointed as Advisor after the retirement.
5. Resigning corporate auditors (effective June 29, 2023)
Name

Current position

Hiroshi Kurita

Standing Corporate Auditor

Kenji Nakamura

Corporate Auditor

Kazumasa Watanabe

External Corporate Auditor

Toshio Hotchi

External Corporate Auditor

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