May 11, 2018
For Immediate Release
Ryosan Company, Limited
Representative: Hiroyuki Kurihara,
Representative Director, President
Listing Code No.: 8140
Listing: First Section, Tokyo Stock Exchange
Inquiries: Norihiko Takahashi
General Manager
Corporate Strategy Office
TEL: +81-3-3862-3816

Notice Concerning Change of Directors
Ryosan Company, Limited ("the Company") hereby announces its decision, at the meeting of the Board ofDirectors held today, to change its Directors as described below as of June 22, 2018.
This change of Directors is planned to be officially decided in the 62nd Ordinary General Shareholders' Meetingscheduled on June 22, 2018. And it is to be noted that the consent was obtained from the Audit and Supervisory
Committee to submit a proposal for this change to the said Ordinary General Shareholders' Meeting.

1. Candidate of a new outside Director, Audit and Supervisory Committee MemberName
New position
Current position
Kasatani Corp.
Outside Director,
Executive Officer, General Manager,
Hirokazu Tamura
Audit and Supervisory
Technical Service Headquarters
Committee Member(Concurrent position held)in charge of overseas strategy*When the candidate is appointed as outside Director at the General Shareholders' Meeting, a liability
limitation agreement is scheduled to be concluded.
*The candidate satisfies requirements for independent directors stipulated by Tokyo Stock Exchange and aregistration as an independent director is planned to be submitted to Tokyo Stock Exchange.
2. Retiring outside Director, Audit and Supervisory Committee Member
NameKosuke Nishimoto

New position

Current position
Outside Director,Audit and Supervisory Committee Member

To be retired1

(Reference) New System (as of June 22, 2018)(1) Board of Directors
Representative Director

Naoto Mimatsu

Representative Director

Hiroyuki Kurihara

Director

Kazunori SatoDirector

Masahide Nishiura

Director,
Full-time Audit and Supervisory Committee Member

Iwao SakamotoDirector,
Full-time Audit and Supervisory Committee Member

Shinya Nambu

Outside Director,
Audit and Supervisory Committee Member

Fumiaki Sato

Outside Director,
Audit and Supervisory Committee Member

Hideki Kuwahata

Outside Director,
Audit and Supervisory Committee Member

Mahito Ogawa

Outside Director,
Audit and Supervisory Committee Member

Hirokazu Tamura*

The person marked with an asterisk is a new candidate.
(2) Executive Officers
Executive Chairman

Naoto Mimatsu

President(Concurrent position held)
General Manager, Corporate Planning Headquarters

Hiroyuki Kurihara

Senior Executive Officer
President and Representative Director of SAXIS Company, Limited
Senior Executive Officer
General Manage, Finance and Accounting Headquarters(Concurrent position held)
General Manager, Finance Department

Kazunori Sato

Masahide Nishiura

Senior Executive Officer
General manager, 1st East Japan Marketing and Sales Headquarters

Koji Homma

Senior Executive Officer
General Manager, 2nd Semiconductor Business Headquarters

Hiroshi Shibuya

Senior Executive Officer
General Manager, Electronic Equipment Business Headquarters

Yasuo Yoshiizumi

Executive Officer
General Manager, Administrative Headquarters(Concurrent position held)
General Manager, Distribution Planning and Control Department

Hiroshi Kobayashi

2Executive Officer
General Manager, Sales Administration Headquarters(Concurrent position held)
General Manager, Automotive Solution Marketing Department(Concurrent position held)
In charge of Korea, Americas, and Europe regions

Hiroyuki Igari

Executive Officer
General Manager, Solutions Business Headquarters

Satoshi Mizusawa

Executive Officer
General Manager, Engineering Headquarters

Kenji Ishimura

Executive Officer
General Manager, 1st Semiconductor Business Headquarters

Ryuji Iwadate

Executive Officer
General Manager, Electronic Components Business Headquarters

Kazuhiko InabaExecutive Officer
General manager, 2nd East Japan Marketing and Sales Headquarters(Concurrent position held)
General Manager, Nishitama Sales Branch

Kazuhiro Saito

Executive Officer
General Manager, Central Japan/Tokai Marketing and Sales Headquarters(Concurrent position held)
General Manager, 2nd Nagoya Sales Branch

Shunya Endo

Executive Officer
General Manager, West Japan Marketing and Sales Headquarters

Hirofumi Kitora

Executive Officer
General Manager, Greater China Marketing and Sales Headquarters(Concurrent position held)
Managing Director, Zhong Ling International Trading (Shanghai) Co., Ltd.

Tatsumi Nakahigashi

Executive Officer
General Manager, ASEAN Marketing and Sales Headquarters(Concurrent position held)
Managing Director, Ryosan (Thailand) Co., Ltd.

Yasuhiko Kirihata

3