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May 13, 2021
YUSHIN PRECISION EQUIPMENT CO., LTD. (TSE: 6482)
Representative: Mayumi Kotani, Representative Director and President
Inquiries: Masahito Fukui, Director and General Manager ofCorporate Management Department
Tel: +81-75-933-9555
Notice Regarding a Change of Independent Auditor
YUSHIN PRECISION EQUIPMENT CO., LTD. (the Company) announces that its Board of Corporate
Auditors resolved today to change its Independent Auditor pursuant to Article 193-2, Paragraph 1 and 2 of theFinancial Instruments and Exchange Act, and the Board of Directors resolved on the same day to propose theelection of the accounting auditor at the 48th Ordinary General Meeting of Shareholders to be held on June 22,2021.
1. Scheduled date of change
June 22, 2021 (date of the 48th Ordinary General Meeting of Shareholders)
2. Overview of incoming and outgoing Independent Auditors(1) Overview of incoming Independent Auditor(i) Name

Grant Thornton Taiyo LLC(ii) Address

Akasaka K-tower 22F, 1-2-7 Motoakasaka, Minato-ku, Tokyo(iii) Designated limited liability partners

Shingo Okamoto
Satoru Ohyoshi(iv)Status under registration system forRegisteredlisted company audit firms of JapaneseInstitute of Certified Public Accountants(2) Overview of outgoing Independent Auditor(i) Name

Deloitte Touche Tohmatsu LLC(ii) Address

Marunouchi Nijubashi Building, 3-2-3 Marunouchi, Chiyodaku, Tokyo(iii) Designated limited liability partners

Mitsuhiro Takasaki
Hideki Yasuda

3. Reasons for appointing the candidate listed in 2. (1)The reason why the Board of Corporate Auditors selected Grant Thornton Taiyo LLC as a candidate for the positionof Independent Auditor is that, in addition to the audit from a new perspective due to the change of auditing firm, thefirm has a lot of experience in auditing companies engaged in the machinery manufacturing industry, which is themain business of the Group, and can be expected to conduct audits based on its understanding of the Group's businessactivities, as well as the possessing expertise, independence and quality control system required of an Independent
Auditor.

4. Appointment date of outgoing Independent Auditor
1993

5. Opinions on audit reports and other documents prepared by outgoing Independent Auditor over past three years
Not applicable

6. Reasons and circumstances leading to the decision to change or the change
The audit term of Deloitte Touche Tohmatsu LLC will expire as of the conclusion of the 48th Ordinary General
Meeting of Shareholders scheduled for June 22, 2021. As of the fiscal year ending March 31, 2021, Deloitte Touche
Tohmatsu LLC has been auditing the Company for 28 years, which is a long period of time, and it is time for theCompany to be audited from a new perspective. Taking advantage of the fact that Deloitte Touche Tohmatsu LLC
requested an increase in the audit fee, the Board of Corporate Auditors comprehensively reviewed the appropriatenessof the audit fee for the scale of the Company's business and other factors, and determined that the accounting auditor
should be reviewed. In response to this, the Company conducted a comparative study of several auditing firms anddetermined that Grant Thornton Taiyo LLC is qualified as a candidate for the reasons stated in 3 above.

7. Opinions on reasons and circumstances described above in 6
(1) Opinions of outgoing Independent Auditor
The Company received a statement that there are no particular opinions in this regard.
(2) Opinions of Board of Corporate Auditors
The Board of Corporate Auditors has determined that they are appropriate.