May, 14, 2024
QD Laser, Inc,QD Laser, Inc. appointed Mr. Osamu Nagao
as the new representative director and president

We are pleased to inform you that, at the board of directors meeting held on May 14, 2024, ourcompany has decided to appoint Mr. Osamu Nagao, a director of Infomart Corporation, as the new
representative director and president, effective June 28, 2024. On the same date, Dr. Mitsuru Sugawara,
the current representative director and president, and Mr. Shinji Kounoya, director, CFO, and head of
the corporate planning division, will be stepping down from their positions. Please note that thisappointment is subject to approval at the 18th Regular General Meeting of Shareholders, scheduled
for June 28, 2024, and at the subsequent board of directors meeting.
Since our establishment in 2006, under the leadership of our founder, Dr. Mitsuru Sugawara, we haveexperienced significant growth by successfully commercializing products based on innovative
semiconductor laser technology. In February 2021, we achieved listing on the Tokyo Stock Exchange'sMothers Market, marking a milestone in our journey. Through our core laser device business, we haveattained profitability. Moreover, in our visual information device business, we have established a solid
foundation by registering nearly 80 domestic and international patents related to laser retinal imaging,and have successfully brought this technology into practical use, positioning us as a global leader.
To further accelerate our growth and enhance our corporate value, we understand that upgrading ourbusiness strategy in the face of recent significant changes in the business environment is essential
while advancing and expanding our business operations. Therefore, updating the management
structure, which has been unchanged since our founding, is desirable. We have chosen Mr. Osamu
Nagao, who has a proven track record in driving growth strategies and enhancing corporate value,
from outside the company to assume the role of representative director and president. As the incomingpresident, Mr. Nagao will spearhead growth initiatives, including strategic partnerships andinternational expansion, contributing to advancing our corporate value.
Dr. Mitsuru Sugawara, the current president and representative director, will assume the role of"Founder and Chief Technology Advisor" in the new management structure. In this capacity, he willfurther focus on advancing and innovating our core strength in the semiconductor laser technology
and beyond. Additionally, he will assist the management as needed, contributing to the growth of ourcompany.

With the implementation of our new management structure, we are steadfast in our commitment toharnessing QD Laser's potential to meet our valued stakeholders' expectations.

Newly Appointed Representative Director and President Mr. Osamu Nagao
Brief Biography:
Born: January 27, 1960 (age 64) in Tokushima
City, Japan
1982: Graduated from the Faculty of Law,
University of Tokyo, and immediately joined
Mitsui & Co., Ltd.
1993: Graduated from Columbia Law School(LL.M.), New York City
1994: Admitted to the New York State Bar
2004: Senior Vice President, Quintiles
Transnational Japan K.K. (now IQVIA Services
Japan Corporation), responsible for corporate
development
2005: President & CEO, MVC Corporation (nowMitsui & Co. Global Investment, Inc.)
2006: External Director of QD Laser, Inc. (until 2009)
2009: General Manager, Principal Investment Division, Mitsui & Co., Ltd.
2012: Senior Vice President (Chief Strategy Officer & Chief Compliance Officer), Americas
Business Unit of Mitsui & Co., Ltd., stationed in New York City.
2015: Corporate Advisor, Hob Co., Ltd.
2018: President & CEO, Infomart Corporation
2022: Chairman of the Board, Infomart Corporation
2024: Director, Infomart Corporation (current position)
Statement from Dr. Mitsuru Sugawara, Current Representative Director and President(Founder & Incoming Chief Technology Advisor)
As we strive to pioneer new applications for semiconductor lasers, our company has achieved nineconsecutive years of operating profit in the laser device business. We've expanded our list of certified
production customers to 77 companies and initiated mass production shipments of quantum-dot lasers
for silicon photonics-based optical wiring. Our visual information device business has registerednearly 80 domestic and international patents, positioning us as a global leader. We've also introduced
five laser retinal projection products to the market, alongside the full-scale operation of our 'Vision
Health Check' service, and are vigorously driving the development of the ultimate goal—smart glasses.
Our world-class engineers remain robust, continually accumulating expertise and strengthening theircapabilities.
Additionally, we have successfully recruited top global-class engineers in both business divisions,adding new expertise to the knowledge and experience accumulated within the company, which aims
to develop technological breakthrough products for the future.
While we're poised for significant growth to accelerate further and enhance our corporate value, we
recognize the necessity to upgrade our business model through initiatives such as new productmarketing, increasing product-added value, strengthening global alliances, and integrating hardware
and software. Therefore, we've envisioned transitioning to a management team with specialized
expertise and a keen business sense capable of making decisive and swift decisions to ensure oursuccess in the competitive landscape. I am confident that Mr. Nagao and the subsequent management
team will accelerate our company's growth.
I will continue to uphold the principles of physics, further advancing our company's innovation andcreativity, providing guidance to the management, and contributing to our continued growth.