Note: This document is a translated version of the Japanese original. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.
February 27, 2024

Notice Concerning Changes in Representative Directors
Taiheiyo Cement Corporation hereby announces that at the Board of Directors meeting held on February
27, 2024, the Company decided to make the following changes Representative Directors and the personnel
changes of officers, etc. as of April 1, 2024.

1. Reason for the change
To build a strong corporate structure that is resilient to changes in the external environment.
Change in Representative Directors (effective April 1)
Name
After Transfer
Masafumi Fushihara Chairman and Director

2.

Yuuichi Kitabayashi

Director

Yoshifumi Taura

President and Representative
Director

Hideaki Asakura

Vice President and Representative
Director(Overseeing Corporate Planning
Department, Sustainability
Promotion Department and LegalDepartment)

Before Transfer
President and Representative Director
Vice President and Representative
Director (Overseeing Carbon Neutral
Technology Development Project Teamand TCPI Renewal Project Team)
Director, Senior Executive Officer
Senior General Manager ofInternational Business Division
Director, Senior Executive Officer(Overseeing Corporate Planning
Department and Legal Department)<Career summary of the new representative director>
Name
Yoshifumi Taura
Date of birth
March 4, 1960
Final Academic backgroundMar. 1983 Graduated from Kyushu University, Applied Chemistry Department
Career summary
Apr. 1983 Joined Onoda Cement Co., Ltd.
Oct. 1994 Changed name to Chichibu Onoda Co., Ltd.
(Merger with Chichibu Cement Co., Ltd.)
Apr. 1996 General Manager of Bangkok Representative Office, Asia Division, Chichibu Onoda Co., Ltd.
Oct. 1998 Changed name to Taiheiyo Cement Corporation(Merger with Nihon Cement Co., Ltd.)
Apr. 2006 Overseas Company Sales Department
Apr. 2013 General Manager of Sales Department of International Business DivisionApr. 2017 Executive Officer (General Manager of Sales Department of International Business Division)
Apr. 2019 Managing Executive Officer (Senior General Manager of International Business Division)
Jun. 2019 Director, Managing Executive Officer (Senior General Manager of International BusinessDivision)
Jun. 2020 Managing Executive Officer (Senior General Manager of International Business Division)
Apr. 2023 Senior Executive Officer (Senior General Manager of International Business Division)
Jun. 2023 Director and Senior Executive Officer (Senior General Manager of International BusinessDivision)
To the present
Number of shares held 13,686

NameHideaki Asakura
Date of birth
November 20, 1959
Final Academic backgroundMar. 1982 Graduated from Keio University, Faculty of Business and Commerce
Career summary
Apr. 1982 Joined Nihon Cement Co., Ltd.
Oct. 1998 Changed name to Taiheiyo Cement(Merger with Chichibu Onoda Co., Ltd.)
Apr. 2011 General Manager of Vietnam Representative Office and President of Nghi Son Cement
Corporation, International Business Division
Apr. 2016 Executive Officer (General Manager of Vietnam Representative Office and President of Nghi
Son Cement Corporation, International Business Division)
Apr. 2018 Executive Officer (General Manager of Sales Department of Cement Business Division)Apr. 2019 Managing Executive Officer, Taiheiyo Cement
Jun. 2019 Director, Managing Executive Officer, Taiheiyo Cement
Jun. 2020 Managing Executive Officer, Taiheiyo Cement
Apr. 2022 Senior Executive Officer, Taiheiyo Cement
Jun. 2022 Director, Senior Executive Officer, Taiheiyo Cement
To the present
Number of shares held 12,185

3. Changes in Directors (effective April 1)
Name
After Transfer
Kunihiro AndoDirector

Tetsuya Ohashi

Director

Before Transfer
Vice President and Director(Overseeing Mining Department andMineral Resources BusinessDepartment)
Director, Senior Executive Officer(Overseeing Human Resources
Department, Sustainability Promotion
Department, Real Estate BusinessDepartment)

4. Changes in other officers (effective April 1)
Name
After Transfer
Takayoshi Okamura
Adviser
Adviser of Taiheiyo Materials
Corporation(Scheduled to be president, after
the Company’s General Meeting ofShareholders)
Koshiro Hidaka
Senior Executive Officer(Overseeing Production
Department, Maintenance &Engineering Department, Carbon
Neutral Technology Development
Department, TCPI Renewal ProjectTeam)
Shinji Fukami
Senior Executive Officer
Senior General Manager ofInternational Business Division

Isao Matsui

Naoyuki Kira

Hideki Mori

Yoshihito Izawa

Hiroyuki Takano

Senior Executive Officer(Overseeing Environmental
Business Development
Department, Construction
Materials Business Department andBusiness Planning &Administration Department)
Managing Executive Officer
Senior General Manager of Cement
Business Division

Adviser
Adviser of Harumi Onoda RemiconCo., Ltd.
(Scheduled to be president, after theCompany’s General Meeting ofShareholders)Adviser
Adviser of Taiheiyo EngineeringCorporation(Scheduled to be president, afterthe Company’s General Meeting ofShareholders)Managing Executive Officer(Overseeing Intellectual Property
Department and Central ResearchLaboratory)

Before Transfer
Managing Executive Officer(Overseeing Intellectual Property
Department and Central ResearchLaboratory)Managing Executive Officer(Overseeing Production Department
and Maintenance & EngineeringDepartment)

Managing Executive Officer(Overseeing Secretarial Department,Purchasing Department andEnvironmental BusinessDevelopment Department)
Managing Executive Officer(Overseeing Internal Auditing
Department, Construction Materials
Business Department and Business
Planning & AdministrationDepartment)
Managing Executive Officer
Senior General Manager of Cement
Business Division and General
Manager of Sales Department Cement
Business Division
Executive Officer
General Manager of Tokyo Branch

Executive Officer
General Director of Taiheiyo Cement
Philippines, Inc.

Executive Officer
General Manager of Central ResearchLaboratory

Kenichi Hirata

Yusuke Nemoto

Tsuyoshi Hara

Takashi Miyashita

Fujio Nakamura

Managing Executive Officer(Overseeing Mining Department
and Mineral Resources BusinessDepartment)
Managing Executive Officer(Overseeing Internal Auditing
Department, Human Resources
Department, Real Estate Business
Department)
Managing Executive Officer
Deputy Senior General Manager ofInternational Business Division
and President of Taiheiyo Cement
U.S.A., Inc.
Executive Officer
General Director of Taiheiyo
Cement Philippines, Inc.
Executive Officer
General Manager of Sales
Department Cement Business
Division

5. New executive officer (effective April 1)
Name
After Transfer
Katsuya Kawata
Executive Officer
General Manager of CorporatePlanning Department
Takaji Kawabe
Executive Officer
General Manager of Production
Department
Hiroshi Hirao
Executive Officer
General Manager of Central
Research Laboratory
Masayuki Yagame
Executive Officer
General Manager of Oita Plant
Kouji Ozaki
Executive Officer
General Manager of Tokyo BranchTomonori Yamamoto
Executive Officer
General Manager of Chubu
Hokuriku Branch
Hiroki Tsumura
Executive Officer
President of Hokkaido Taiheiyo
Kogyo Corporation

Executive Officer
General Manager of Mining
Department
Executive Officer
General Manager of Human
Resources Department, General
Manager of Diversity &Inclusion/Health Promotion Office
Human Resources Department
Executive Officer
President of Taiheiyo Cement U.S.A.,
Inc.

Executive Officer
General Manager of Purchasing
Department and Manager of Fuel &Raw Materials Group
Executive Officer
General Manager of Chubu Hokuriku
BranchBefore Transfer
General Manager of Mineral
Resources Business Department
General Manager of Production
Department
General Manager of Carbon Neutral
Technology Development Project
Team
General Manager of Oita Plant
General Manager of Kansai Shikoku
BranchGeneral Manager of Corporate
Planning Department
General Manager of Business
Planning Department
International Business Division

6. Other changes in the head of the division (effective April 1)
Name
After Transfer
Takashi Maezawa
General Manager of Corporate
Auditors' OfficeKunihiro Nakamura

Keiji Senoo

General Manager of Human
Resources Department
General Manager of Diversity &Inclusion/Health Promotion Office
Human Resources Department
General Manager of Internal
Auditing Department
Internal Auditing Department

Shigeto Goto

Internal Auditing Department

Tetsuma Soga

General Manager of Purchasing
Department
Manager of Purchasing Department
Fuel & Raw Materials Group
General Manager of Mining
Department

Takahiro Kobayashi

Masanori Matsushita

Yasuyuki Ishida

General Manager of Carbon
Neutral Technology Development
Department

Takashi Suzuki

General Manager of Mineral
Resources Business Department

Hiroyuki Egawa

General Manager of International
Business Division Business
Planning Department
General Manager of Real EstateBusiness Department
General Manager of Construction
Materials Business Department
General Manager ofBusiness
Planning & Administration
Department
General Manager of Ofunato Plant

Akihiko Kodama
Yasushi Morita
Shigeki Nakayauchi

Takuya Nakajima
Yuuichi Kobayashi

General Manager of Hokkaido
BranchBefore Transfer
Manager of Administration
Department
Kyushu Branch
Deputy General Manager of Human
Resources Department
Manager of Human Resources
Department HR Partner GroupManager of Internal Auditing GroupInternal Auditing Department
General Manager of Corporate
Auditors' Office
General Manager of Internal Auditing
Department
Manager of Business Planning Group
Construction Materials BusinessDepartment
Manager of Business Administration
Group
Mineral Resources BusinessDepartment
General Manager of Mineral
Resources & Environmental
Research Department
Central Research Laboratory
Manager of Aggregates Sales Group
Mineral Resources Business
Department
Manager of Project Group
Business Planning Department
International Business Division
Musashino Namacon Corporation
assigneeManager of Administration
Department, Tohoku BranchManager of Administration Group
Business Planning & Administration
Department
Manager of Production Department
Oita Plant
Deputy General Manager of Cement
Business Division Sales Department
Manager of Sales Group
Cement Business Division SalesDepartment

Shinya Noda

General Manager of Tohoku Branch

Takahiro Kawano

General Manager of Kansai
Shikoku Branch

Manabu YamazakiGeneralBranch

Tetsuji Matoba

General Manager of Kyushu Branch

Yoshinori Hashimoto

Hokkaido Taiheiyo Namacon Co.,Ltd.,(Scheduled to be president, after theCompany’s General Meeting ofShareholders)
Asano Concrete Co., Ltd.,(Scheduled to be president, after theCompany’s General Meeting ofShareholders)
Abekawa Kaihatsu Co., Ltd.,assignee
Cesame Co., Ltd., assignee(Scheduled to be president, after theCompany’s General Meeting ofShareholders)
Onoda Chemico Co., Ltd., assignee

Hideaki Motomiya

Hisashi Torii
Tosihiro Hayashi

Jungo Saitou
Kohichi Ohzono
Toyohiko Ochi

ManagerofChugoku

Onoda Chemical Industry Co., Ltd.
assignee
Tsuruga Cement Co., Ltd., assignee

Deputy General Manager of Kansai
Shikoku BranchManager of Shikoku Cement Sales &Marketing Department
Deputy General Manager of Chubu
Hokuriku BranchManager of Hokuriku Cement Sales& Marketing Department
Manager of Technical Support Group
Cement Business Division Sales
Department
General Manager of Tohoku Branch
General Manager of Kyushu Branch

General Manager of Chugoku Branch

General Manager of Real EstateBusiness Department
General Manager of BusinessPlanning & Administration
Department
General Manager of Hokkaido
BranchGeneral Manager of Construction
Materials Business Department
General Manager of Ofunato Plant*As announced on February 21, 2024, the "Carbon Neutral Technology Development Project Team" will
be renamed to the "Carbon Neutral Technology Development Department" on April 1, 2024.
7. Retiring Executive Officer (effective March 31)
Takayoshi Okamura
Hideki Mori
Yoshihito Izawa
8. Retiring Director (after the General Meeting of Shareholders in late June)
Yuuichi Kitabayashi
Kunihiro Ando
Tetsuya Ohashi

9. Candidates for new directors (after the General Meeting of Shareholders in late June)
Koshiro Hidaka
Shinji Fukami
Isao Matsui