Foster Electric Company, Limited
1-1-109 Tsutsujigaoka, Akishima City, Tokyo, Japan
Tel: +81(42) 546-2305
January 30, 2024

Announcement on Changes in Directors, Corporate Auditors, and Executive Officers
Foster Electric Company, Limited (hereinafter “the Company”) hereby announces that its Board ofDirectors, at a meeting held today, resolved the following changes of directors, corporate auditors, andexecutive officers, based on the results of deliberations by the Nominating Committee, an advisory bodyto the Board.
The changes in directors planned for June 2024 will be formally decided at the 90th Ordinary General
Meeting of Shareholders scheduled to be held in late June 2024 and at the meetings of the Board ofDirectors and the Board of Corporate Auditors to be held thereafter.
1.

Changes in Directors(1) Effective as of March 31, 2024
New title
Resigning *1*1

Current title
Director and Chairperson

Name
Atsushi Narikawa

For personal reasons(2) Effective as of April 1, 2024
New title

Current title

CFO, Executive Vice President

CFO, Managing Director

General Manager, Global Corporate
Support Division

General Manager, Global Corporate
Support Division

Senior Managing Director

Managing Director

General Manager, EngineeringDivision / Fellow

General Manager, Engineering
Division / Fellow

Director

Senior Managing Director

China CEO and Managing Director,
Foster Electric (Singapore) Pte. Ltd.

China CEO and Managing Director,Foster Electric (Singapore) Pte. Ltd.

Name

Akihito Mochizuki

Hiroki Miura

Lu San Tie

(3) Planned for late June 2024
New title

Current title

Managing Director

Senior Executive Officer

General Manager, Sales Division,
Head of Asian Region, andManager, Business Management
Department

General Manager, Sales Division,
Head of Asian Region, andManager, Business Management
Department

Director

Senior Executive Officer

General Manager, Manufacturing
Division

General Manager, ManufacturingDivisionNameYasuhide Takahara

Naoki Kanai

Director
Resigning *2*2

2.

China CEO and Managing Director,
Foster Electric (Singapore) Pte. Ltd.

For personal reasons

Change in Corporate Auditor (Planned for late June 2024)
New title
Retiring *3*33.

Lu San Tie

Current title
Independent Corporate Auditor

Name
Takashi Suzuki

The number of corporate auditors following the said retirement will still meet the number
stipulated in relevant laws and regulations and the Company’s Articles of Incorporation.

Changes in Executive Officers(1) Effective as of March 31, 2024
New title

Current title

NameSenior Executive Officer
Resigning*4*4General Manager, Quality
Assurance Division

Hiroyuki AsadaFor personal reasons(2) Effective as of April 1, 2024
New title

Current title

Name

Executive Officer
General Manager, Quality
Assurance Division

Deputy General Manager, Quality
Assurance Division and Manager,
TQM Department

Masaru Ono

Executive Officer
Acting General Manager,
Manufacturing Division andManager, Procurement Department

Deputy General Manager,
Manufacturing Division andManager, Procurement Department

Tsuyoshi Yamagishi

Reference: Directors, Corporate Auditors, and Executive Officers following the Ordinary General
Meeting of Shareholders to be held in late June 2024 (Planned)
Directors:
Kazuhiro Kishi
Akihito Mochizuki
Hiroki Miura
Yasuhide Takahara

Naoki Kanai
Minoru Matsumoto
Yasuhiro Goto
Kaoru Chujo

CEOCFO, Executive
Vice President
Senior ManagingDirector
ManagingDirector
Director
Independent
Director
Independent
Director
Independent
Director

General Manager, Global Corporate Support
Division
General Manager, Engineering Division / Fellow
General Manager, Sales Division, Head of AsianRegion, and Manager, Business Management
Department
General Manager, Manufacturing Division
Lead Independent Director

Corporate Auditors:
Satoko Kimoto

Independent
Corporate Auditor
Corporate Auditor
Independent
Corporate Auditor

Standing Corporate Auditor

Hiroyuki Akutsu

Senior ExecutiveOfficer
Executive Officer

Takafumi Asukagawa

Executive Officer

Masaru Ono
Tsuyoshi Yamagishi

Executive Officer
Executive Officer

Nguyen Quan Hoang

Executive Officer(Part-time)
Executive Officer(Part-time)
Executive Officer(Part-time)

Head of European Region, Sales Division
Manager, Sales Department No. 2
Head of Mobile Audio Business, Sales Division
Manager, Sales Department No. 5
Acting General Manager, Engineering Division
Manager, Engineering Department No. 6 / Meister
General Manager, Quality Assurance Division
Acting General Manager, Manufacturing Division
Manager, Procurement Department
Chairman & General Director, Foster Electric(Vietnam) Co., Ltd.
Managing Director, Foster Electric Co., (HongKong) Ltd.
Director, in charge of sales, Foster Electric Co.,
(Hong Kong) Ltd.

Tatsuhito Tanaka
Aiko Oue

Standing Corporate Auditor

Executive Officers:
Yuji Sakuta

Tan GuiHaiWong Wing Chung