February 17, 2023
Sanyo Special Steel Co., Ltd.

Translation for reference

Notice of Changes in Board Members and Officers
1. Changes in Board Members and Officers as of April 1, 2023
(1) Changes in the division of business responsibilities and delegation of office< Director, Member of the Board and Managing Executive Officer >Name
New responsibilities
Current responsibilities
Supervises the Overseas Marketing Department andSupervises the Overseas Marketing Department.
OMAE Kozo
Formed & Fabricated Products Division.
In charge of the Sales Planning & Administration
Department, Sales Department for Bearings, Sales
Department for Automobiles & Industrial Machinery,Special Products Sales Department, Osaka Branch,
Nagoya branch, Hiroshima Branch, and Kyushu SalesOffice.
Serves as General Manager, Head of Tokyo RegionalOffice.
Rendering assistance to the director in charge of theMetal Powder Manufacturing & Sales Division onsales related matters.
Rendering assistance to the director in charge of theCorporate Planning Department on sales related
matters of Ovako AB and Sanyo Special Steel
Manufacturing India Pvt. Ltd.
Rendering assistance to the Leader of DX (digitaltransformation) Promotion Project Team.

< Executive Councilor >NameNew responsibilities
InchargeoftheOverseas
Marketing Department andOGURA Tomohiko
Formed & Fabricated Products Division.
Serves as Deputy General Manager of Tokyo RegionalOffice.
Rendering assistance to Managing Executive Officer
OMAE Kozo on sales related matters of Ovako ABand Sanyo Special Steel Manufacturing India Pvt. Ltd.

(2) Retirement of Executive Officer
Name
New title
KUNISADA
Advisor of the HAMADA-UNSO Co. Ltd.
Masanori(Scheduled to be appointed as Managing Directorof the company in May 2023)

In charge of the Sales Planning & Administration
Department, Sales Department for Bearings, Sales
Department for Automobiles & Industrial Machinery,Special Products Sales Department, Osaka Branch,Nagoya branch, Hiroshima Branch, Kyushu Sales
Office and Formed & Fabricated Products Division.
Serves as General Manager, Head of Tokyo RegionalOffice.
Rendering assistance to the director in charge of theMetal Powder Manufacturing & Sales Division onsales related matters.
Rendering assistance to the director in charge of theCorporate Planning Department on sales related
matters of Ovako AB and Sanyo Special Steel
Manufacturing India Pvt. Ltd.
Rendering assistance to the Leader of DX (digitaltransformation) Promotion Project Team.

Current responsibilities
In charge of the Overseas Marketing Department.
Serves as Deputy General Manager of Tokyo Regional
Office.
Rendering assistance to Managing Executive Officer
OMAE Kozo on sales related matters of Ovako ABand Sanyo Special Steel Manufacturing India Pvt. Ltd.

Current title
Chief Operating Officer of the Sanyo Special
Steel Manufacturing India Pvt. Ltd.

2. Changes in Officers as of late June, 2023
Note: It will be officially resolved at the meeting of the Board of Directors to take place immediately after the Annual Meeting ofShareholders to be held in late June 2023. (The current title shows as of April 1, 2023.)(1) Retirement of Senior Advisor
Name
HIGUCHI Shinya-New title(planned)(2) Appointment of new Executive Officer
NameNew title(planned)
OGURA Tomohiko Executive Officer
In charge of the Overseas Marketing Department
and Formed & Fabricated Products Division.
Serves as Deputy General Manager of Tokyo
Regional Office.
Rendering assistance to Managing Executive
Officer OMAE Kozo on sales related matters ofOvako AB and Sanyo Special Steel
Manufacturing India Pvt. Ltd.

Current title
Senior Advisor

Current title
Executive Councilor
In charge of the Overseas Marketing Departmentand Formed & Fabricated Products Division.
Serves as Deputy General Manager of Tokyo
Regional Office.
Rendering assistance to Managing Executive
Officer OMAE Kozo on sales related matters ofOvako AB and Sanyo Special Steel
Manufacturing India Pvt. Ltd.

(3) Appointment of new Executive Councilor
Name
New title(planned)
SUGANO Shinichi Executive Councilor
Serves as General Manager, Head of General
Administration Department and Improve
Efficiency Working Group Leader of DX (digitaltransformation) Promotion Project Team.
NAKAHORI
Executive Councilor
HidekiServes as General Manager, Head of Sales
Department for Bearings.
NISHIMURA
Executive Councilor
NobukiServes as General Manager, Head of TubeManufacturing Department.
HASEGAWA
Executive Councilor
TetsuyaServes as General Manager, Head of Bar & Wire
Manufacturing Department.

Current title
General Manager, Head of General
Administration Department and Improve
Efficiency Working Group Leader of DX (digitaltransformation) Promotion Project Team
General Manager, Head of Sales Department forBearings
General Manager, Head of Tube Manufacturing
Department
General Manager, Head of Bar & Wire
Manufacturing Department

END

Please note that the official text of this document has been prepared in Japanese. To the extent there is any discrepancy between the English
translation and original Japanese version, please refer to the Japanese version.

(Reference)
Expected Management Structure as of late June 2023
TitlesRepresentative Director andPresident

Name*MIYAMOTO
Katsuhiro

Director, Member of the Boardand Managing Executive Officer

TAKAHASHI Kozo

OI Shigehiro

OMAE Kozo

YANAGIMOTO Katsu

Division of business responsibilities and delegation of office
Presides overall management.
Serves as Leader of DX (digital transformation) Promotion ProjectTeam.
Supervises the Accounting & Finance Department.
In charge of the Corporate Planning Department, Computer
Systems Planning Office, Personnel & Labor Relations
Department, General Administration Department, Internal Control& Audit Department, and Procurement Department.
Serves as Deputy Leader of DX (digital transformation) Promotion
Project Team.
Supervises the Environmental Management Department, and Slag
Products Manufacturing & Sales Office.
In charge of the Safety & Disaster Prevention Department,
Production Planning & Administration Department, IndustrialEngineering Office, Equipment Department, Steelmaking
Department, Bar & Wire Manufacturing Department, and Tube
Manufacturing Department.
Serves as Deputy Leader of DX (digital transformation) Promotion
Project Team.
Rendering assistance to the director in charge of the Metal Powder
Manufacturing & Sales Division on production related matters.
Rendering assistance to the director in charge of the Corporate
Planning Department on manufacturing technology related mattersof Ovako AB and Sanyo Special Steel Manufacturing India Pvt.
Ltd.
Supervises the Overseas Marketing Department and Formed &Fabricated Products Division.
In charge of the Sales Planning & Administration Department,
Sales Department for Bearings, Sales Department for Automobiles& Industrial Machinery, Special Products Sales Department,
Osaka Branch, Nagoya branch, Hiroshima Branch, and Kyushu
Sales Office.
Serves as General Manager, Head of Tokyo Regional Office.
Rendering assistance to the director in charge of the Metal Powder
Manufacturing & Sales Division on sales related matters.
Rendering assistance to the director in charge of the Corporate
Planning Department on sales related matters of Ovako AB andSanyo Special Steel Manufacturing India Pvt. Ltd.
Rendering assistance to the Leader of DX (digital transformation)
Promotion Project Team.
In charge of the Metal Powder Manufacturing & Sales Division,
Research & Development Center, Technical Planning &Administration Department, and Quality Assurance Department.
Rendering assistance to the director in charge of the Formed &Fabricated Products Division on technology related matters.
Rendering assistance to the director in charge of the Corporate
Planning Department on technology and research development
related matters of Ovako AB and Sanyo Special Steel
Manufacturing India Pvt. Ltd.
Rendering assistance to the Leader of DX (digital transformation)
Promotion Project Team.

Note: Asterisk (*) indicate Member of the Nomination & Compensation Advisory Committee

Titles
Independent External Director,
Member of the Board
Director, Member of the Board
Director, Member of the Boardand Senior Audit & Supervisory
Committee Member
Independent External Director,
Member of the Board and Audit& Supervisory Committee
MemberName*USUKI Masaharu*FUJIWARA KayoSONODA Hiroto
NAGANO Kazuhiko

Division of business responsibilities and delegation of office*YOGI Hiroshi*TOIDE Iwao

Note: Asterisk (*) indicate Member of the Nomination & Compensation Advisory Committee
TitlesManaging Executive Officer

Name
HIRAOKA Kazuhiko
YATSUNAMI Takashi

Executive Officer

MORISHITA Norihiko

AOTA Hidetoshi
SHIMIZU Katsuhisa

OUCHI Hiroaki

TACHIBANA
Yoshitaka
SUDA Atsuko
OGURA Tomohiko

Executive Councilor

YAMAMOTOMasatoshi
KOMATSU Takashi
SUGANO Shinichi

NAKAHORI HidekiNISHIMURA Nobuki
HASEGAWA Tetsuya

Division of business responsibilities and delegation of officeServes as General Manager, Head of Research & DevelopmentCenter.
In charge of the Accounting & Finance Department.
Serves as General Manager, Head of Corporate Planning
Department.
Serves as General Manager, Head of Production Planning &Administration Department and Organizer of DX (digitaltransformation) Promotion Project Team.
Serves as General Manager, Head of Osaka Branch, Hiroshima
Branch, and Kyushu Sales Office.
In charge of the Environmental Management Department, and Slag
Products Manufacturing & Sales Office.
Serves as Plant Manager, General Manager, Head of Safety &Disaster Prevention Department, Safety and Health Manager, andDisaster Prevention Manager.
Serves as General Manager, Head of Technical Planning &Administration Department and Process Innovation Working
Group Leader of DX (digital transformation) Promotion ProjectTeam.
Serves as General Manager, Head of Personnel & Labor Relations
Department.
Serves as General Manager, Head of Internal Control & Audit
Department.
In charge of the Overseas Marketing Department and Formed &Fabricated Products Division.
Serves as Deputy General Manager of Tokyo Regional Office.
Rendering assistance to Managing Executive Officer OMAE Kozo
on sales related matters of Ovako AB and Sanyo Special Steel
Manufacturing India Pvt. Ltd.
Serves as General Manager, Head of Metal Powder Manufacturing& Sales Division.
PRESIDENT & DIRECTOR GENERAL of Sanyo Special Steel
Manufacturing de México, S.A. de C.V.
Serves as General Manager, Head of General Administration
Department and Improve Efficiency Working Group Leader of DX(digital transformation) Promotion Project Team.
Serves as General Manager, Head of Sales Department forBearings.
Serves as General Manager, Head of Tube Manufacturing
Department.
Serves as General Manager, Head of Bar & Wire Manufacturing
Department.
END