January 20, 2022
To all whom it may concern:
Company Name: FUJI OIL HOLDINGS INC.
Representative: Mikio Sakai, President & CEO(Code No. 2607, TSE First Section)
Inquiries: Yoshiharu Okamoto, Public Relations Section Leader(Tel. 06-6459-0701)

Notification of Director Personnel Affairs and of the Transition Towards aCompany with an Audit and Supervisory Committee
At the Board of Directors meeting held today, the Company has decided to transition from a Company
with a Board of Company Auditors to a Company with an Audit and Supervisory Committee. This ismeant to further strengthen corporate governance, and the transition will take place under the condition
that we receive approval at the 94th general meeting of stockholders scheduled to be held at the end ofJune 2022.
Further, The Company believes that in order to effectively strengthen corporate governance, it isnecessary to further enhance the business execution system as an inextricably linked effort. Based onthese intentions, the Board of Directors decided to introduce the "Delegated Executive Officer System" at
the meeting held on the same day, in order to fulfill the duties and responsibilities expected of ExecutiveOfficers.). The details are as shown below.

1. Transition Towards a Company with an Audit and Supervisory Committee(1) Goal of Transition
・The Audit and Supervisory Committee members who bear the responsibility of auditing theperformance of duties of directors are members of the Board of Directors. This system will
increase the auditing functionality of the Board of Directors, and will further raise both business
transparency and objectivity.
・As it will be possible for the Board of Directors to delegate decisions related to the performance ofduties to directors, decision making will be sped up and the separation between performance ofduties and supervision will be taken to the next level.
・Through the above initiative, our group will achieve sustainable growth and will be able to improve
corporate value.

(2) Transition Period
If the amended articles are approved as drafted at the 94th general meeting of stockholders
scheduled to be held at the end of June 2022, we will transition to a Company with an Audit andSupervisory Committee as of that date.

1*Prior to the Ordinary General Meeting of Shareholders, the Board of Directors is scheduled to meetin May 2022 to discuss and approve the amendments to the Articles of Incorporation regarding thistransition.

2. Director Personnel Affairs(1) Directors (Excluding directors who are Audit and Supervisory Committee members) Candidates(Scheduled to be discussed at the 94th general meeting of stockholders scheduled to be held at theend of June 2022)
Name

New Title

Current Title

Mikio Sakai

President

Same as on the left

Tomoki Matsumoto

Director

Same as on the left

Takashi Kadota

Director

Same as on the left

Hiroyuki Tanaka

Director(new)Yuko Ueno

Outside Director

Same as on the left

Hidenori Nishi

Outside Director

Same as on the left

Toshiyuki Umehara

Outside Director

Same as on the left

Shuichi Miyamoto

Outside Director

Same as on the left

(2) Director candidates who will be Audit and Supervisory Committee members(Scheduled to be discussed at the 94th general meeting of stockholders scheduled to be held at theend of June 2022)
NameNew Title

Current Title

Makoto Shibuya

Director, Audit andAudit & Supervisory Board

Supervisory Committee

MembermemberRyuta Uozumi

Outside Director, Audit andOutside audit & supervisory

Supervisory Committee

Board Member

memberHirohiko Ikeda

Outside Director, Audit andOutside audit & supervisorySupervisory Committee

Board Membermember(3) Retiring director/auditor(Scheduled to retire as of the closing of the 94th general meeting of stockholders scheduled to beheld at the end of June 2022)
Name

Current Title

Takeshi Takasugi

Director

Takehiko Sumiya

Auditor2

3. Introduction of Delegated Executive Officer System(1) Goal of System Introduction
As part of our efforts to strengthen our business execution functions, we are going to move from an
employed executive officer system to a delegated executive officer system. In the future, we willtransfer authority to executive officers after clarifying the scope of responsibility for businessexecution, and apply an incentive-type remuneration system* according to the results of business.
* We will increase the ratio of performance-linked remuneration to total remuneration to reward theresults of business execution in each fiscal year. In addition, we plan to introduce a stock-based
compensation system using a stock delivery trust for executive officers in order to raise theirawareness of the need to contribute to the long-term improvement of business performance andincrease in corporate value.

(2) Introduction Period
End of JuneEnd3

(Reference) Executive Officer Personnel Affairs(planned April 1st)
Name
Mikio Sakai

New title
Chief Executive Officer

Current title
Same as on the left

（CEO）
Tomoki Matsumoto

Senior Executive Officer

Same as on the left

Chief Financial Officer（CFO）
Tatsuji Omori

Senior Executive Officer

Same as on the left

President of FUJI OIL CO.,LTD.
Takashi Kadota

Senior Executive Officer

Senior Executive Officer

Chief Technology Officer

Chief “ESG” Officer(CTO)（C"ESG"O）

ESG
Haruyasu Kida

Senior Executive Officer

Senior Executive Officer(scheduled) Executive officer,

Chief Technology Officer

Fuji Foundation for Protein（CTO）

Research (Public interest
incorporated foundation)
Takeshi Takasugi

Senior Executive Officer

Senior Executive Officer

Executive Assistant to CEO

Chief Administrative Officer

Human resources（CAO）/
Information Disclosure

Hitoshi Shindachi

Senior Executive Officer

Senior Executive Officer

Oils&Fats and Chocolate

Chief Strategy Officer（CSO）

DivisionOils&Fats and Chocolate

Supply Chain Management

Divisiongroup leader
Hiroyuki Tanaka

Senior Executive Officer（new）Chief Strategy Officer（CSO）
Chairman of HARALD
Masataka Minemura

Naohiro Rokukawa

Executive OfficerExecutive Officer

Chief Executive for China

Chief Executive for China

Chairman/President of FUJI

President of FUJI OIL

OIL (CHINA) INVESTMENT（CHINA）INVESTMENT

Executive Officer

Executive Officer

Chairman of BLOMMER

President of FUJI

4

Kiyohito Suzuki

Akihiro Nakamura

CHOCOLATE COMPANY

SPECIALTIES

President of FUJI

Chairman of BLOMMERSPECIALTIESCHOCOLATE COMPANY

Executive Officer

Executive Officer

PBF (Plant-Based Food)

PBFS (Plant-Based FoodDivision

Solutions) Division

Soy Business Division, FUJI

Soy Business Division, FUJIOIL CO., LTD.

OIL CO., LTD.

Executive Officer

Same as on the left

Research Institute forCreating the Future
Sunao Maeda

Executive Officer

Executive Officer

Managing Director of FUJI

Managing Director of FUJI

EUROPE AFRICAEUROPE AFRICA (GeneralManager of European region)
Executive Vice President of
FUJI SPECIALTIES

Jitsuo Sasaki

Executive Officer

Executive Officer

Managing Director ofManaging Director of FUJI OILWOODLAND SUNNY FOODS

ASIA

Planned end of June
Name
Mikio Sakai

New title
Chief Executive Officer

Title as April 1stSame as on the left

（CEO）
Tomoki Matsumoto

Senior Executive Officer

Same as on the left

Chief Financial Officer（CFO）
Tatsuji OmoriSenior Executive Officer

Same as on the left

President of FUJI OIL CO.,LTD.
Takashi Kadota

Senior Executive Officer

Same as on the left

Chief Technology Officer
(CTO)
ESG
Hiroyuki Tanaka

Senior Executive Officer

Same as on the left

Chief Strategy Officer（CSO）
Chairman of HARALD
Hitoshi Shindachi

Executive Officer

5Senior Executive Officer

Masataka Minemura

Oils&Fats and Chocolate

Oils&Fats and Chocolate

Division

Division

Supply Chain Management

Supply Chain Management

group leadergroup leader

Executive Officer

Same as on the left

Chief Executive for China
Chairman/President of FUJI
OIL（CHINA）INVESTMENT
Naohiro Rokukawa

Executive Officer

Same as on the left

Chairman of BLOMMER
CHOCOLATE COMPANY
President of FUJI
SPECIALTIESKiyohito Suzuki

Executive Officer

Same as on the left

PBF (Plant-Based Food)
Division
Soy Business Division, FUJIOIL CO., LTD.
Akihiro Nakamura

Executive Officer

Same as on the left

Research Institute forCreating the Future
Sunao Maeda

Executive Officer

Same as on the left

Managing Director of FUJI
EUROPE AFRICA
Kunihiko Ogata

Executive Officer

Managing Director of FUJI OILManaging Director of FUJI OIL

ASIA

ASIA
Retiring Executive Officer(Scheduled to retire at the end of June 2022)

Haruyasu Kida
Takeshi Takasugi
Jitsuo Sasaki

6Personal Background and Career Summary of Newly Appointed Executive
Officerscheduled April 1stNAME

Hiroyuki Tanaka

BirthdayJanuary 3, 1968

Birthplace

Hyogo Prefecture

Educational Background March 1990

Graduated from Kobe University ofCommerce (current name: University of Hyogo)
Current position: Affiliated with ITOCHU Corporation, Seconded to Fuji Oil Holdings
Inc.
Director, Fuji Specialties
Director, Blommer Chocolate Company
Director, Fuji Vegetable Oil
Chairman of the Board, Harald
Career summary
April 1990

Joined ITOCHU Corporation

January 1999Itochu Europe PLC Benelux

April 2001

Itochu France SA

April 2003

Assistant chief of second section, Oils and fats division,
Food Company, Itochu Corporation

April 2005

Chief of the second section of oils and fats

April 2010

Acting manager

April 2014

Seconded to Fuji Oil Co., Ltd. as Deputy General Manager,
Corporate Planning Department, Global Strategy

October 2015

Seconded to HARALD INDÚSTRIA E COMÉRCIO DE
ALIMENTOS S.AApril 2017Manager of feed, grain and oils, fats department, FoodCompany, Itochu Corporation

April 2019

Acting manager of Provision Division, Manager of feed,
grain and oils, fats department, Food Company, ItochuCorporation

September 2020

Seconded to Fuji Oil Holdings as assistant to CSO（April 2022: Scheduled to join the Company, to be appointed as Senior ExecutiveOfficer, Chief Strategy Officer)
scheduled end of June
NAME

Kunihiko Ogata

BirthdayMarch 7, 19697

Birthplace

Miyagi Prefecture

Educational Background March 1992 Graduated from Tokyo International University
Current position: General Manager, Osaka Sales Department, Osaka Branch Manager,
Sales Division, Fuji Oil Co., Ltd.
Career summary
April 1992

Joined Fuji Oil Co., Ltd.

October 1994

Development and import department

November 1998

Seconded to Woodlands Sunny Foods Pte. Ltd.

September 2002

Seconded to Waltz fancy corporation

April 2009

Oil processed food sales department, sales division

April 2013

Osaka sales department, sales division

April 2016

Manager of Osaka sales department, Chief of Section 2,
Sales division

August 2016

Manager of Osaka sales department, chief of Osaka branch,
Sales division（April 2022:

Scheduled to be appointed as Managing Director, FUJI OIL
ASIA (Singapore))8