TRANSLATION FOR REFERENCE PURPOSE ONLYThis notice has been translated from the original Japanese text of the timely disclose statement and is forreference purpose only. In the event of any discrepancy between the original Japanese and this translation, theJapanese text shall prevail.

February 27, 2018
To whom it may concern:
Company Name: Asahi Holdings, Inc.
Representative:

Mitsuharu Terayama, President & CEO(Code: 5857, First Section of the Tokyo Stock Exchange)
Contact:

Masaharu Sawada, Corporate Planning &Communications Department General Manager(Phone: +81-3-6270-1833)

Notice on Change of Representative Director and Appointment of Board Members
We hereby announce that, at its Board of Directors’ Meeting held today, the company resolved to make thefollowing changes in its representative director as of April 1, 2018, and to submit for approval theappointment of candidates for a new board of directors at the 9th Ordinary General Meeting ofShareholders scheduled for June 19, 2018. We announce also the appointment of board of directors for themajor subsidiaries.
Details
1. Change of Representative Directors(1) Details of change
New title

Name

Current titleOwnership of shares

Representative Director and President

Tomoya Higashiura

Director

10,000 shares(2)Reason of the change
To add one more representative director to strengthen further the management structure.
(3) Career summary of the new representative director
Name(Date of Birth)

Career summary
March 1984:

Tomoya Higashiura(January 26, 1961)

Graduated from Osaka University (Human Science School)

April 1984:

Joined NEC

February 2001:

Joined Asahi Pretec Corp.

June 2006:

Appointed as Director and General Manager of Administration
Division of Asahi Pretec Corp.

June 2010:

Appointed as Director and General Manager of Precious Metal
Recycling Business Division of Asahi Pretec Corp.

April 2011:

Appointed as Director of Asahi Holdings, Inc. (to present)

June 2014:

Appointed as Representative Director & President of Asahi PretecCorp. (to present)

April 2017:

Appointed as Representative Director and President of Asahi
Americas Holdings, Inc.（to president）(4) Scheduled date for assuming office
The date for assuming office is scheduled to be April 1, 2018.

2. Candidates for Board of Directors of the Company
Title

Name

Responsibility

Representative Director and CEO

Mitsuharu Terayama

Representative Director and President

Tomoya Higashiura

Director

Yoshikatsu Takeuchi

InchargeofEnvironmental
preservation business, Life & healthbusinessDirector

Amane Kojima

In charge of corporate function

Director

Hiroyuki Nakanishi (New)In charge of Precious metal business

The candidates for board of directors, except the Audit and Supervisory Board Members, will be formallydetermined at the 9th General Shareholders Meeting scheduled for June 19, 2018. In addition, “(New)”
means a candidate for the new board of directors.
The term of office of the Audit and Supervisory Board Members is two years; therefore, there is no reelection this time.
Title

NameRemarks

Director / Audit and Supervisory
Committee Member

Shoji Morii

Director / Audit and Supervisory
Committee Member

Yukio Tanabe

Director / Audit and Supervisory
Committee Member

Yuji Kimura

Outside Director

Director / Audit and Supervisory
Committee Member

Kyoko Kanazawa

Outside Director

Outside Director

3. Directors and Corporate Officers of Principal Subsidiaries:(1) Asahi Pretec Corp.
Title

Name

Representative Director and President

Hiroyuki Nakanishi (New)DirectorTomoya Higashiura

DirectorTsutomu Nakashima“(New)” means a candidate for the new board of directors. The scheduled date for assuming office isApril 1.
(2) Japan Waste Corporation
Title

Name

Representative Director and President

Keiichi Okumura (New)Director and Chairman

Yoshikatsu Takeuchi

Director

Takehiko Kaminishi“(New)” means a candidate for the new board of directors. The scheduled date for assuming office isApril 1.

(3) Asahi Life & Health Corporation
Title

Name

Representative Director and President

Toshiyuki Otsuki (New)Director

Yoshikatsu Takeushi (New)Director

Takehiko Kaminishi (New)Asahi Life & Health Corporation is planned to be established on April 2, 2018; therefore, thescheduled date for the assumption of office for all the candidates for the board of directors is also April
2. As for the purpose of establishment and/or the details of business, etc., please refer to the“Notification of the establishment of the subsidiary”(4) Asahi Americas Holdings, Inc.
Title

Name

Representative Director and President

Tomoya Higashiura

Director

Shinsuke Date

Director

Amane Kojima (New)“(New)” means a candidate for the new board of directors. The scheduled date for assuming office isApril 1.