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 19, 2023
Company Name:
Representative:
Contact:

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

Notice on the Change of Directors
Asahi Holdings, Inc. (“the Company”) hereby announces that the Company has decided to submit a proposal for “Candidate forDirector (excluding Directors who are Audit and Supervisory Committee Members)” and “Candidates for Directors who areAudit and Supervisory Committee Members” to the 14th Annual General Meeting of Shareholders to be convened on June 20,2023. The Company also announces Directors and Officers of the Company and Group Companies scheduled to be appointed onJune 20, 2023.
1.

Candidate for Director (excluding Directors who are Audit and Supervisory Committee Members)
Name
Tomoya Higashiura (Reappointed)

2.

Current Position
Representative Director, President & CEO

Candidates for Directors who are Audit and Supervisory Committee Members
NameCurrent Position

Yoshinori Hara (Reappointed)

Outside Director / Audit and Supervisory Committee Member

Miyoko Kimura (Reappointed)

Outside Director / Audit and Supervisory Committee Member

Mitsutoshi Kagimoto (Reappointed)

Director / Audit and Supervisory Committee Member

Akinori Yamamoto (Newly Appointed)－Yuki Tsuru (Newly Appointed)－Note: Mr. Yoshinori Hara, Ms. Miyoko Kimura, Mr. Noriaki Yamamoto and Ms. Yuki Tsuru meet the requirements for
Outside Director as stipulated in Article 2, Item 15 of the Companies Act.
3.

Directors Planning to Retire (Scheduled on June 20, 2023)
Name

Current Position

Mitsuharu Terayama *Director and Chairman

Yuji Kimura

Outside Director / Audit and Supervisory Committee Member

Kyoko Kanazawa

Outside Director / Audit and Supervisory Committee Member*Scheduled to be appointed as Senior Advisor of the Company

1

4.

Profile of Candidates for Newly Appointed DirectorsName(Date of birth)

ProfileAkinori Yamamoto(February 26, 1981)

Apr 2005
Apr 2007
Jan 2019
Feb 2022
Mar 2023

Joined Deloitte Touche Tohmatsu (currently, Deloitte Touche Tohmatsu LLC)
Joined GCA Advisors, LLC (currently, Houlihan Lokey Corporation)
Partner and Executive Director of GCA Advisors, LLC
Executive Director of JPMorgan Chase & Co.
Representative of Yamamoto Konin Kaikeishi Office (to present)Name(Date of birth)

Yuki Tsuru(May 16, 1969)

5.

ProfileApr 2000
Oct 2007
Apr 2015
Feb 2019
Jun 2020
Jun 2021
Jun 2022
Jun 2022

Registered as attorney-at-law (Joined Tokyo Bar Association)
Joined Kyowa-Sogo Partners Law Office (to present)
Member of Infringement Judgement Advisory Committee (to present)
Specialist of Japan Custom (to present)
Outside Director of Hankyu Hanshin Holdings, Inc. (to present)Part-time Auditor of National Institute of Technology and Evaluation (to present)
Outside Director of SUGIMOTO & CO., LTD (to present)
Outside Director of JAMCO Corporation (to present)

Directors and Officers of the Company as of June 20, 2023 (scheduled)
Title
Representative Director, President & CEO
Outside Director / Audit and Supervisory
Committee Member
Outside Director / Audit and Supervisory
Committee Member
Director / Audit and Supervisory Committee
MemberOutside Director / Audit and Supervisory
Committee Member
Outside Director / Audit and Supervisory
Committee Member

Name
Tomoya Higashiura
Yoshinori Hara
Miyoko KimuraMitsutoshi Kagimoto
Akinori Yamamoto
Yuki Tsuru

Corporate Officer

Hiroyuki Nakanishi

Corporate Officer

Tsutomu Nakashima

Corporate Officer

Nobuo Tajima

Corporate Officer

Shohei Yasuda

26.

Directors and Officers of the Group Companies as of June 20, 2023 (scheduled)(1) Asahi Pretec Corp.
Title

Name

Representative Director and President

Tsutomu Nakashima

Director and Corporate Officer

Yoshihito Iwasa

Director

Tomoya Higashiura

Director

Hiroyuki Nakanishi

Auditor

Mitsutoshi Kagimoto(2) ASAHI METALFINE, Inc.
Title

Name

Representative Director and President

Nobuo Tajima

Corporate Officer

Noriyuki Taguchi

AuditorYoshinobu Shioiri(3) Japan Waste Corporation
Title

Name

Representative Director and President

Hiroyuki Nakanishi

Director and Corporate Officer

Toshiaki Muranishi

Director

Tomoya Higashiura

Auditor

Mitsutoshi Kagimoto3