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

May 11, 2021
To whom it may concern
Company Name:
Representative:
Contact:

Asahi Holdings, Inc.
Tomoya Higashiura, President & CEO(Code: 5857, First Section of the Tokyo Stock Exchange)
Kunihiko Chogo, General Manager,
Corporate Planning & Communications Department(Phone: +81-3-6270-1833)

Notice on the Change of Directors
This is to announce that Asahi Holdings, Inc. (“the Company”) resolved at its Board of Directors’ meeting held today to submit aproposal for “Candidates for Directors (excluding Directors who are Audit and Supervisory Committee Members) and“Candidates for Directors who are Audit and Supervisory Committee Members” to the 12th Annual General Meeting ofShareholders to be convened on June 15, 2021. The meeting also made a tentative decision on matters regarding “RepresentativeDirectors” and “Directors with Management Positions,” which is scheduled for resolution at the Board of Directors’ meeting to beheld after the conclusion of the Annual General Meeting of Shareholders. The details are as follows:
With these steps, Outside Directors will constitute the majority of the Company’s Board of Directors with the aim of enhancing
management oversight functions. A clear demarcation of management and business execution is designed to further strengthen thestructure that would enable agile response to changes in the business environment. A summary of the appointment of Corporate
Officers effective June 15, 2021 is shown below:
1. Candidates for Directors (excluding Directors who are Audit and Supervisory Committee Members):
NameMitsuharu Terayama
Tomoya Higashiura

New Position
Director and Chairman
Representative Director, President & CEO

Current Position
Same as on the left
Same as on the left

2. Candidates for Directors who are Audit and Supervisory Committee Members
NameYuji Kimura
Kyoko Kanazawa
Yoshinori Hara
Miyoko Kimura
Mitsutoshi Kagimoto

New Position
Director / Audit and Supervisory Committee
MemberDirector / Audit and Supervisory Committee
MemberDirector / Audit and Supervisory Committee
MemberDirector / Audit and Supervisory Committee
MemberDirector / Audit and Supervisory Committee
MemberCurrent Position
Same as on the left
Same as on the left
Same as on the left
－General Manager of Audit and Supervisory
Committee Secretariat

Note:・ Ms. Miyoko Kimura and Mr. Mitsutoshi Kagimoto are newly appointed directors who are not Directors of the Company atpresent.
・ Mr. Yuji Kimura, Ms. Kyoko Kanazawa, Mr. Yoshinori Hara and Ms. Miyoko Kimura meet the requirements for Outside
Directors as stipulated in Article 2, Item 15 of the Companies Act.

1

3. Profile of candidates for newly appointed directors
Name(Date of birth)

Miyoko Kimura(current surname:Sakagawa)(June 12, 1964)

ProfileApr 1988May 1999Feb 2010
May 2017

Mar 2020

Joined PLUS Corporation
Joined ASKUL Corporation
Appointed as Representative Director and President of ASMARU Corporation
Appointed as Chief Marketing Officer (CMO), Executive Officer, Executive
Officer of Life Creation Unit and Value Creation Center Unit, B-to-C Companyof ASKUL Corporation
Appointed as Director, Supervisor of Merchandising Unit, Chief Marketing
Officer (CMO), Executive Officer of ASKUL Corporation (to present)

Note:・ Ms. Miyoko Kimura will be appointed as Director in charge of branding, designing and supplier relations of ASKULCorporation as of May 21, 2021.
Name(Date of birth)

ProfileApr 1984
Feb 2006
Mar 2009

Mitsutoshi Kagimoto(June 15, 1958)

Dec 2009
Apr 2013
Oct 2015

Joined Teijin Limited
Joined Asahi Pretec Corp.
Appointed as Assistant General Manager of Kitakanto Office of Asahi Pretec
Corp.
Appointed as Representative Director and President of JW Glass Recycling Co.,Ltd.
Appointed as General Manager of Purchase Division of INTER CENTRAL,INC.
Appointed as General Manager of Audit and Supervisory Committee Secretariatof Asahi Holdings, Inc. (to present)

4. Corporate Officers and their positions
NameAmane Kojima

Hiroyuki NakanishiNobuo Tajima

Shohei Yasuda

New PositionCorporate Officer, CFO
General Manager of Financial Planning
OfficeCorporate Officer
Representative Director & President of Asahi
Pretec Corp.
Corporate Officer
Director & Corporate Officer, Senior Vice
President of Administration Unit of Asahi
Pretec Corp.
Corporate Officer
Senior Vice President of North American
Business Unit

2Current Position
Director, CFO
General Manager of Financial Planning
OfficeDirector
Representative Director & President of Asahi
Pretec Corp.
Director & Corporate Officer, Senior Vice
President of Administration Unit of Asahi
Pretec Corp.
Senior Vice President of North American
Business Unit