[Translation]

February 24, 2023
To whom it may concern:
Company name:

Wacoal Holdings Corp.

Representative name: Hironobu Yasuhara,
Representative Director, President andCEO(Code No. 3591 TSE Prime Market)
Contact:

Katsuya Hirooka,
Corporate Officer, Head of Corporate
Planning Dept.
(Tel: +81-75-682-1010)

Announcement of Change of Representative Director and Officers
and Change of Representative Director and Officers of a Major Subsidiary (Wacoal Corp.)
We hereby announce that the board of directors of Wacoal Holdings Corp. resolved at a meeting
held today to Change the Representative Director and Officers of Wacoal Holdings Corp. and Major
Subsidiary (Wacoal Corp.).
Such decision of Wacoal Holdings Corp. will become official subject to the reelection of Directors
at the 75th Ordinary General Meeting of Shareholders to be held on June 28, 2023, and the resolution by themeeting of board of directors to be held thereafter. Such decision of Wacoal Corp. will become Changes
Effective April 1, 2023
Details1.

Reason for Change
Due to change in management system

2.

Representative Director(1) New Appointment (to be appointed at the Meeting to be held on June 28, 2023)
Name
New Title
Current Title
Director, Executive Corporate Officer
Representative Director, President
Masaaki Yajimaand Head of Global Operations Div. ofand CEO (Group CEO)the Company(2) Resignation (to retire at the Meeting to be held on June 28, 2023)
Name
New Title
Current Title
Representative Director, President andHironobu Yasuhara
CEO (Group CEO)3.

Director(1) New Appointment (to be appointed at the Meeting to be held on June 28, 2023)
Name
New Title
Current Title
Director, Corporate Officer andCorporate Officer, Head of EC andYasuhiro Shimizu
Head of Global Operations Div. ofCatalog Business Div of Wacoal Corp.
Wacoal Holdings Corp.
Chizuru Yamauchi

Director (outside director)

Appointment from outside Wacoal(please refer to the Attachment)*Ms. Chizuru Yamauchi is a candidate for Outside Director and Independent Officer.
(2) Resignation (to retire at the Meeting to be held on June 28, 2023)
Name
New Title
Madoka Mayuzumi
4.

-Current Title

Director (outside director)

Audit & Supervisory Board Member(1) New Appointment (to be appointed at the Meeting to held on June 28, 2023)
Name
New Title
Current Title
Audit & Supervisory Board
Appointment from outside Wacoal
Hitoshi Suzuki
Member(please refer to the Attachment)(outside auditor)
Audit & Supervisory Board
Appointment from outside Wacoal
Motoko Tanaka
Member(please refer to the Attachment)(outside auditor)*Mr. Hitoshi Suzuki and Ms. Motoko Tanaka are a candidate for Outside Auditor and Independent Officer.
(2) Resignation (to retire at the Meeting to be held on June 28, 2023)
Name
New Title
Current Title
Audit & Supervisory Board Member
Hiroshi Shirai(outside auditor)
Audit & Supervisory Board Member
Minoru Shimada(outside auditor)

5.

Status of officers effective as of April 1, 2023 and the date of Meeting to be held in June 2023

(1) Director
Name

As of April 1,2023

As of the date of Meeting

Hironobu Yasuhara

Representative Director,
President and CEO (Group CEO)

Masaaki Yajima

Director, Executive Corporate Officer

Akira Miyagi

Representative Director,
Vice President and Executive Officerand CFO

Yasuhiro Shimizu―

Madoka Mayuzumi

Director (outside director)―Shigeru Saito

Director (outside director)

Director (outside director)

Tsunehiko Iwai

Director (outside director)

Director (outside director)

Chizuru Yamauchi―Director (outside director)(newly appointed)(2)―
Representative Director, President
and CEO (Group CEO)(promoted)
Representative Director,Vice President and Executive Officerand CFO
Director, Corporate Officer(newly appointed)

Audit & Supervisory Board Member
Name

As of April 1,2023

As of the date of Meeting

Shinichi Kitagawa

Audit & Supervisory Board Member

Audit & Supervisory Board Member

Katsuhiro Okamoto

Audit & Supervisory Board Member

Audit & Supervisory Board Member

Hiroshi Shirai
Minoru Shimada
Mitsuhiro Hamamoto

Audit & Supervisory Board Member(outside auditor)
Audit & Supervisory Board Member(outside auditor)
Audit & Supervisory Board Member(outside auditor)

Hitoshi Suzuki―Motoko Tanaka―――
Audit & Supervisory Board Member(outside auditor)
Audit & Supervisory Board Member(outside auditor)
Audit & Supervisory Board Member(outside auditor)

6.

Career Summary of New Representative Director and President

Number ofName

Career Summary(Date of Birth)shares heldMar. 1984
Jun. 2004
Apr. 2007

MasaakiYajima(September30, 1960)

Company

Sep. 2008
Apr. 2009
Apr. 2011
Jun. 2015Jun. 2016
Apr. 2018
Apr. 2021
Apr. 2022
Jun. 2022

Joined the Company
Director and President,Wacoal International Hong KongCo.,Ltd
Leader of Sales Group,International Headquarters,WacoalCoap.
Director and Deputy General Manager,Wacoal China Co.,Ltd.
Director and General Manager,Wacoal China Co.,LtdCorporate Officer,Wcoal Corp
Corpote Officer and General manager of Technology &Production Division, Wacoal Corp.
Director, Corporate Officer and General Manager ofTechnology & Production Division, Wacoal Corp.
Director, Managing Corporate Officer and General Manager
of Wholesale Division, Wacoal Corp.
Director, Managing Corporate Officer and General Managerof Global Division, Wacoal Corp.
Director and Executive Corporate Officer, Wacoal Corp
General manager of Global Division of the Company
Director, Executive Corporate Officer and Head of Global
Operations Div. of the Company (acting)

8,000

7.

Representative Director of Major Subsidiary (Wacoal Corp.).

(1) New Appointment (to be appointed at April 1, 2023)
Name
New Title
Representative Director, President
Keisuke Kawanishiand CEO(2) Resignation (to retire at March 31, 2023)
Name
New Title
Hironobu Yasuhara

8.

-Current Title
Director, Corporate Officer, Head ofMarketing Management Div.

Current Title
Representative Director, President andCEODirector of Major Subsidiary (Wacoal Corp.)(1) New Appointment (to be appointed at April 1, 2023)
Name
New Title
Director, Corporate Officer, Incharge of Administrative Control
Katsuya Hirooka
Corporate Officer Head ofCorporate Planning Dept of Wacoal
Holdings Corp.
Director, Corporate Officer, Headof Marketing Div. Corporate
Atsuko Shinoduka
Officer In charge of the Group DX
Marketing Strategy of Wacoal
Holdings Corp.
(2) Resignation (to retire at March 31, 2023)
Name
New Title
Hidehiko Imaizumi-

Yasuo Kamoshita-

Takahiko Hasegawa-

Kazuhiro Shibahara-

Current Title
Corporate Officer Head of Corporate
Planning Dept of Wacoal Holdings Corp.
Corporate Officer, Head of Innovation
Strategy Office
Corporate Officer In charge of the GroupDX Marketing Strategy of WacoalHoldings Corp.
Current Title
Director, Senior Executive Corporate
Officer, In charge of Domestic Sales
Director, Executive Corporate Officer, Incharge of Administrative Control
Director, Corporate Officer, Head of HR
and General Affairs Div.
Director, Corporate Officer, Head ofTechnology and Manufacturing
Operations Div.

9.

Management and Administrative Organization on and after April 1, 2023
Representative Director, President andCEO

Keisuke Kawanishi (promoted)

Director, Corporate Officer

Mitsuru Sekiguchi

Director, Corporate Officer

Katsuya Hirooka

Director, Corporate Officer

Atsuko Shinoduka

Audit & Supervisory Board Member

Shinichi Kitagawa

Audit & Supervisory Board Member

Katsuhiro Okamoto

10. Career Summary of New Representative Director and President

Number ofName

Career Summary(Date of Birth)

Keisuke
Kawanishi(October 7,1971)

Company
shares held

Mar. 1994
Mar. 2015
Apr. 2020
Mar. 2020
Jun. 2022

Joined the Company
Director and Vice Chairman,WACOAL AMERICA,INC.
Director and President,WACOAL INTERNATIONAL CORP.
Corporate Officer,Wacoal Corp.
Director and Chairman,WACOAL AMERICA,INC.
Director and President,WACOAL INTERNATIONAL CORP.
Director, Corporate Officer, Head of Marketing Management
Div. (acting)

2,000- End -【Attachment】
Ms. Chizuru Yamauchi
Candidate for New Outside Director and Independent Officer

1. Reason for Appointment
In the Company, External Directors play a role in ensuring that the Board of Directors makes the rightdecisions through objective and neutral advice and other means based on the experience they've gained frompast careers and specialized knowledge. Ms. Chizuru Yamauchi has extensive knowledge and experience as
an executive, as well as expertise in diversity and inclusion. Wacoal Group is promoting sustainability
management and believes it is necessary to further develop a system wherein all employees can be satisfied
and play active roles in their work. The Company has selected her as a candidate for the position of newExternal Director, hoping that she will provide advice on human resources strategies, such as women’sempowerment and human resource development, as well as advice that will contribute to enhancing
corporate value, and supervise the management of the Company.
2. Career Summary
Date of Birth February 25, 1957
April 1975
Joined Nippon Life Insurance Company
March 2009
Head of Kagayaki Promotion Office
March 2014
General Manager, Service Planning Dept.
March 2015
Executive Officer, General Manager, CSR Promotion Dept.
March 2019
Managing Executive Officer,
Health & Productivity Management Promotion Division Manager
July 2019
Director and Managing Executive Officer
Health & Productivity Management Promotion Division Manager,
Olympic & Paralympic Games Promotion Dept., Public Affairs Dept.,
CSR Promotion Dept., Health Management Dept.
May 2021
Chair, Diversity and Inclusion Sub Committee, Kansai Economic Federation(Acting)March 2022
Director, Nippon Life Insurance Company
July 2022
Advisor(Acting)Mr. Hitoshi Suzuki
Candidate for New Outside Audit & Supervisory Board Members

1. Reason for Appointment
In the Company, External Audit & Supervisory Board Member plays a role in conducting rigorous audits ofthe legality of decision-making and business execution by Directors from a professional perspective, while
maintaining a high degree of independence. After Mr. Hitoshi Suzuki fulfilled his duties at a major financial
institution in overseas locations and in the market sector, he gained experience in deliberating monetary
policy as a member of the Policy Board, which is the highest decision-making body of the Bank of Japan.
We would like his experience and expertise for our Company's auditing system and have selected him as acandidate for the position of new External Audit and Supervisory Board Member.
2. Career Summary
Date of Birth January 8, 1954
April 1977
Joined The Mitsubishi Bank, Ltd.
May 2002
General Manager, Treasury Planning Office, The Bank of Tokyo-Mitsubishi, Ltd. (BTM),
upon merger with The Bank of Tokyo, Ltd.
June 2005
Executive Officer and General Manager, Treasury Planning Office and Treasury IT Planning
Office, BTM
April 2008
Managing Executive Officer, Chief Executive, Global Markets Unit and General Manager,
Derivative Products Division, BTMU
June 2008
Managing Director, Chief Executive, Global Markets Unit, BTMUMay 2011
Senior Managing Director, Chief Executive, Global Markets Unit, BTMU
June 2012
Deputy President, BTMU
June 2014
Corporate Auditor, BTMU
June 2016
Director, Audit and Supervisory Committee Member, BTMU
June 2017
Advisor, BTMU
July 2017
Member of the Policy Board, Bank of Japan
October 2022 Advisor, Mitsubishi UFJ Research and Consulting Co., Ltd.(Acting)

Mr. Motoko Tanaka
Candidate for New Outside Audit & Supervisory Board Members

1. Reason for Appointment
In the Company, Outside Audit & Supervisory Board Member play a role in conducting rigorous audits ofthe legality of decision-making and business execution by Directors from a professional perspective, while
maintaining a high degree of independence. Ms. Motoko Tanaka has extensive experience working at a major
audit corporation as a certified public accountant and a U.S. certified public accountant and has a high levelof expertise in finance and accounting. We would like his experience and expertise for our Company's
auditing system and have selected him as a candidate for the position of new External Audit and Supervisory
Board Member.
2. Career Summary
Date of Birth December 13, 1959
October 1989 Joined Tohmatsu Awoki & Sanwa (current “Deloitte Touche Tohmatsu LLC”)
March 1993
Registered as Certified Public Accountant
October 1995 Deloitte & Touche LLP, New York
July 2003
Appointed Partner of Deloitte Touche Tohmatsu LLC
July 2020
Managing Partner of Tanaka CPA Office (Acting）
June 2022
Appointed Outside Director and Audit & Supervisory Committee Member of TOWA
Corporation（Acting）