TRANSLATION FOR REFERENCE PURPOSE ONLYThis notice has been translated from the original Japanese text of the timely disclose statement and is forreference purpose only. In the event of any discrepancy between the original Japanese and this translation,
the Japanese text shall prevail.
March 26, 2020

To whom it may concern
Company Name: Asahi Holdings, Inc.
Representative: Tomoya Higashiura, Representative Director &President(Code: 5857, First Section of the Tokyo Stock Exchange)
Contact:
Kunihiko Chogo, General Manager,
Corporate Planning & Communications Department(Phone: +81-3-6270-1833)

Notice on the Reorganization and Personnel Changes at the Company and Consolidated
Subsidiaries
This is to notify that the Company resolved at its Board of Directors’ meeting held earlier today on mattersregarding reorganization and personnel changes at the Company and its consolidated subsidiaries as ofApril 1, 2020, as follows:
Details
1. Reorganization at the Company(1) Transfer of Audit Department
The Audit Department, which oversees internal audit, will be placed under the control of the Audit andSupervisory Committee to further strengthen corporate governance.
(2) Establishment of Financial Planning Office
With the aim of further augmenting the management of consolidated business results and capital
policies of the Group and of supporting financial service operations of North American businesses, therelated operations will be separated from the Finance & Accounting Department and the Financial
Planning Office will be set up inside the Company.
2. Reorganization of Consolidated Subsidiaries(1) Integration of affiliated subsidiaries in the Environmental Preservation BusinessJapan Waste Corporation and its subsidiaries will be placed under the control of Asahi Pretec Corp.
with the aim of swiftly responding to customer needs and changes in the market conditions in theEnvironmental Preservation Business and enabling affiliated organizations in the group to work
together toward further business expansion. Japan Waste Corporation is scheduled to be consolidatedwith Asahi Pretec Corp.
(2) Practical discontinuation of management company for the Life & Health Business
The reorganization to be implemented following the discontinuation of the Life & Health Businesssegment in the third quarter consolidated accounting period will effectively turn Asahi Life & HealthCorporation, a management company for the business segment, into a defunct company.
(3) Introduction of business unit system and other matters
The Precious Metals Business Unit and Environmental Preservation Business Unit will be establishedat Asahi Pretec Corp. The Precious Metals Business Unit will exercise control over precious metal
recycling business in Japan and the Asian region. The Environmental Preservation Business Unit willoversee the entire Environmental Preservation Business segment by inaugurating related departments1that will succeed the business resources held by Japan Waste Corporation.
The Human Resources and General Administration Department, Finance & Accounting Department
and Information Technology Department will be transferred to Asahi Pretec Corp. to powerfully support
this new business framework.
3. Personnel Changes at the Company (Date of issue: April 1, 2020)
The following personnel changes will take place in line with the reorganization:
New Post
Director, CFO
General Manager of Financial
Planning Office

Previous Post
Director
General Manager of Finance &Accounting Department

NameAmane Kojima

4. Personnel Changes at Asahi Pretec Corp. (Date of issue: April 1, 2020)
The following personnel changes will take place in line with the reorganization:
New Post
Representative Director & President
Senior Vice President ofEnvironmental Preservation
Business Unit
Director & Corporate Officer
Senior Vice President of Precious
Metals Business Unit
General Manager of Electronics
Catalyst Business Division
Director & Corporate Officer
Vice President of Environmental
Preservation Business Unit
General Manager of Environmental
Preservation Business Division
General Manager of AffiliatedBusiness Management Division
General Manager of Production
Technology & Engineering
Department
General Manager of Human
Resources and General
Administration Department
General Manager of Human
Resource Development Division
General Manager of Finance &Accounting Department
General Manager of Information
Technology Department

Previous Post

Name

Representative Director & President

Hiroyuki Nakanishi

Director & Corporate Officer
General Manager of Electronics
Catalyst Business Division

Tsutomu NakashimaDirector, Japan Waste Corporation

Takehiko Kaminishi

General Manager of Environmental
Preservation Business Division

Yoshihiko Okamoto

Deputy General Manager ofProduction Technology &Engineering Department
Deputy General Manager of Human
Resources and General
Administration Department, Asahi
Holdings, Inc.

Masaki Fukushima

Ryota Naka

Hiroto Kobayashi－Deputy General Manager ofCorporate Planning &Communications Department, Asahi
Holdings, Inc.
General Manager of Information
Technology Department, Asahi
Holdings, Inc.

2Toshiaki Muranishi

Tadashige Matsumoto