Cresco : ［Delayed］Notice Concerning Changes of Officers

Translation

Notice: This document is a translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

To whom it may concern:		February 28, 2022
Company name:	CRESCO LTD.
Representative:	President, Executive Officer	Hiroyuki Nemoto
	(Stock code: 4674 Tokyo Stock Exchange, First Section)
Inquiries:	Director, Managing Executive
	Officer, and General Manager,	Kazuo Sugiyama
	Corporate Supervisory Unit
	TEL [phone]

Notice Concerning Changes of Officers

CRESCO LTD. (the "Company") hereby announces that, at the meeting held on February 28, 2022, the Board of Directors made an unofficial decision to make changes to the officers. Details are set forth below.

The changes to the officers are scheduled to be officially decided at the 34th Ordinary General Meeting of Shareholders and Board of Directors meeting to be held on June 17, 2022.

1.	Candidate for Director to retire (as of June 17, 2022)
		Name	New position	Current position
		Takashi Yamamoto	-	Director
		* Although Takashi Yamamoto will retire as Director, he will continue to serve as President and Representative Director of the
	consolidated subsidiary of the Company CREATIVE JAPAN, LTD.
2.	Structure after the 34th Ordinary General Meeting of Shareholders (planned)

1. Directors (excluding Audit and Supervisory Committee Members)

Name	New position	Current position
Hiroyuki Nemoto	Chairman & CEO	President and Executive Officer
		Director, Senior Managing Executive
		Officer, General Manager, Service
Hiroshi Tominaga	President and Executive Officer	Competency Unit, Technology
		Laboratory and Quality Management
		Unit
	Director, Senior Managing Executive Officer,	Director, Managing Executive
Kazuo Sugiyama	Officer, and General Manager,
Operation Management Group
	Corporate Supervisory Unit
	Director, Senior Managing Executive Officer,	Director, Managing Executive
Noriyuki Kogawa	Officer, and General Manager,
Service Management Group
	General Business Solutions Unit

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Name	New position	Current position
Junichi Fukui	Outside Director	Outside Director
Yukie Sato	Outside Director	Outside Director
(2) Directors (Audit and Supervisory Committee Members)
Name	New position	Current position
Satoshi Takaishi	Director and Audit and Supervisory Committee	Director and Audit and Supervisory
Member	Committee Member
Haruo Sato	Outside Director and Audit and Supervisory	Outside Director and Audit and
Committee Member	Supervisory Committee Member
Masayuki Maekawa	Outside Director and Audit and Supervisory	Outside Director and Audit and
Committee Member	Supervisory Committee Member
(3) Substitute Director serving on the Audit and Supervisory Committee
Name	New position	Current position
	Outside Director and Substitute Audit and	Outside Director and Substitute
Motohiro Ikehara	Audit and Supervisory Committee
Supervisory Committee Member
	Member

3. Effective Date

Scheduled on June 17, 2022

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