January 24, 2023
Mitsui Chemicals Agro, Inc.
MMAG Co. Ltd.
Reorganization and Company Name Changes of Mitsui Chemicals Agro Group
Mitsui Chemicals Agro, Inc. (President & CEO: OZAWA Satoshi), a wholly owned
subsidiary of Mitsui Chemicals, Inc. (President & CEO: HASHIMOTO Osamu), isannouncing the realignment of group companies, including the merger with MMAG Co.
Ltd. (President: TANIGUCHI Katsuyuki) which was acquired last year, and to change its
group company names after the reorganization.
1. Background and Purpose
Mitsui Chemicals Group is working to resolve social issues through its businessactivities, and positions its agrochemicals business, which mission is to contribute to
the sustainable food supply and the improvement of quality of life (QoL), such as solving
global food problems and fighting infectious diseases, as one of the core businesses of
the Life & Healthcare Solutions Business.
Mitsui Chemicals Agro, the core of agrochemicals business of the Group, aims tobecome “the global solutions company, leading innovation through products andservices based on R&D activities, and contributing to sustainable food supply andimprovement of QoL”, with a growth strategy to expand the crop protection business inJapan and overseas based on regional strategies and the non-crop business by utilizing
its original active ingredients created by unique drug discovery technology.
In acquiring MMAG, Mitsui Chemicals Agro will accelerate its growth strategy throughimproving its presence in the domestic Japanese market; accelerating expansion into
overseas markets where future growth is expected; continuously creating new active
ingredients; and strengthening market-oriented formulation development, bycombining MMAG’s portfolio, customer base, innovative active ingredients andformulation development technology, biological-related technology, and diverse humanresources.
Therefore, we will reorganize our group companies, including the completion of postacquisition integration of Mitsui Chemicals Agro and MMAG, with the aim of accelerating
growth by maximizing synergies.
2. Scheme for Reorganization of Group Companies
To realize complete integration of each function of both Mitsui Chemicals Agro andMMAG groups; maximize synergies in sales, production, procurement, and R&D; andstrengthen the governance system, we will reorganize as follows.
① Merge MMAG into Mitsui Chemicals Agro (as of March 31, 2023)② Merge MM Agro Chemical into Utsunomiya Chemical Industry (as of April 1, 2023)③ Integrate functions of MCAG Korea branch office into MM Agro Korea (as soon asconditions are met)
④ MC Ryokka remains unchanged

3. Name Changes of Group Companies after Reorganization
Subject to the completion of necessary official procedures, the names of eachcompany will be changed as follows.
① Mitsui Chemicals Agro, Inc. (as of March 31, 2023)
To become: Mitsui Chemicals Crop & Life Solutions, Inc.
② Utsunomiya Chemical Industry Co., Ltd. (as of April 1, 2023)
To become: MC Crop & Life Manufacturing Co., Ltd.
③ MM Agro Korea Co., Ltd. (on and after April 1, 2023)
To become: Mitsui Chemicals Crop & Life Solutions Korea Co., Ltd.
④ MC Ryokka Co., Ltd. (Unchanged)
4. Organization Structure and Name Changes in Mitsui Chemicals Agro(1) Newly Organized “Life Solutions Business Division”
To develop non-crop business into a second earnings pillar, we will newly organize
the “Life Solutions Business Div.” through the reorganization of the PPM Sales Dept.
and PPM Marketing Group of the International Business Div.’s Marketing Dept., andwill newly organize the following departments within the Life Solutions BusinessDivision:• Japan Life Solutions Sales Dept.
• Life Solutions Sales Dept.
• Life Solutions Sales Administration Dept.
After the reorganization, the Domestic Sales Div. will be renamed to “Japan CropSolutions Business Div.” and the International Business Div. will be renamed to“International Crop Solutions Business Div.”(2) Newly Organized “Human Resources Department”
To be an important driver of corporate transformation (CX) through thetransformation and fostering of organizational culture, the promotion of talentmanagement, developing global human resources including the hiring of foreigners,
and the promotion of human resource strategies such as the penetration of diversity& inclusion (D&I), we recognize human resources as human capital and will newly
organize a “Human Resources Dept.”(3) Newly Organized “New Business Development Department”
To promote business portfolio transformation (PX) through the development of newsolution businesses that extend the value chain, we will newly organize a “NewBusiness Development Dept.” as a department-level organization under theMarketing Div. In addition, the “Department of Business Planning, India” will beabolished.
(4) Newly Organized “Biological Solutions Research Center”
To promote green transformation (GX) and to improve business continuity throughPX by strengthening R&D and production technology for biological crop protection
products, we will newly organize the “Biological Solutions Research Center” as adepartment-level organization under the Research and Development Div.
5. Outlook
As the impact of this reorganization on the financial performance of the Mitsui
Chemicals Agro group will be minor, there is no change to the earnings forecast.

6. Personnel Changes(1) Board of Directors, Corporate Auditor
NameOZAWA Satoshi

New Position
Representative Director,President & CEO

Current Position
Representative Director,
President & CEO

KAKIMOTO Takeshi

Board Director & Executive
Vice President, CTO

OGUNI Koichi

Board Director & Senior
Managing Executive Officer,
CCO
Board Director & Managing
Executive Officer, CMO

Board Director & Executive
Vice President, Board
Director & Executive Vice
President of MMAG
Board Director & Senior
Managing Executive Officer,
Division Head of R&D
Board Director & Managing
Executive Officer, Division
Head of Domestic Sales
General Manager ofCorporate Planning Dept.,
Board Director of MMAGMIYAI Toshiki

SATO Tadahisa

HIRAKOSHI Itaru

Board Director & ManagingExecutive Officer, CSO,
CFO, General Manager ofCorporate Planning Dept.
Outside Director

FUNAKOSHI Hiromitsu

Non-executive Director

Non-executive Director

ZUSHI Akihide

Corporate Auditor

Corporate Auditor

TSUCHIYA Takeaki

Non-executive CorporateAuditor

Non-executive CorporateAuditor

1) CEO (Chief Executive Officer)

Outside Director

Responsible for overall business execution of itsgroup
2) CTO (Chief Technology Officer) Responsible for overall R&D and technology
development of its group
3) CCO (Chief Commercial Officer) Responsible for overall sales and commercial
activities of its group
4) CMO (Chief Marketing Officer)
Responsible for overall marketing and products
management of its group
5) CSO (Chief Strategy Officer)
Responsible for overall strategy planning andexecution, and administration of its group
6) CFO (Chief Financial Officer)
Responsible for overall finance and accounting ofits groupReferences:
Corporate Overview of Mitsui Chemicals Crop & Life Solutions, Inc.
(1) Company Name
Mitsui Chemicals Crop & Life Solutions, Inc.
(2) Head OfficeNihonbashi Dia Building, 1-19-1 Nihonbashi, Chuo-ku, Tokyo
103-0027, Japan(3) Representative
President & CEO, OZAWA Satoshi(4) BusinessResearch, development, manufacture, sale, and import andDescription
export of agricultural chemicals and fertilizers for crop
protection use
Manufacture and sale of insecticides for non-agricultural use
Environmental management of building materials, including
insect control, termite control, and moisture prevention(5) Paid-in Capital
350 million yen(6) FoundedApril 1, 2003
(7) Shareholders
Mitsui Chemicals, Inc. 100％(8) Employees
About 850 (Consolidated)
Organization of Mitsui Chemicals Crop & Life Solutions, Inc. (As of April 1, 2023)

Corporate Overview of MC Crop & Life Manufacturing Co., Ltd.
(1) Company Name
MC Crop & Life Manufacturing Co., Ltd.
(2) Head Office1215 Iwazomachi, Utsunomiya-shi, Tochigi, Japan(3) Representative
President, FUKUNAGA Yuji
(4) Business
Manufacture of agricultural chemicals and fertilizers
Description
Manufacture of insecticides for non-agricultural use(5) Paid-in Capital
20 million yen(6) Founded
November 22, 1951
(7) Shareholders
Mitsui Chemicals Crop & Life Solutions, Inc. 100％(8) Factories
Formulations: Funaoka (Miyagi), Utsunomiya (Tochigi),Shinshiro (Aichi), Tosu (Saga)
Active Ingredients: Kitakami (Iwate)(9) Employees
About 200