The Board of Directors of Asahi Kasei adopted a resolution for a change in the company's Representative Directors. Hideki Kobori, working as Chairman & Representative Director has been assigned new office as Chairman & Director. Toshiyasu Horie who was Director, Senior Executive Officer has been assigned new office as Representative Director, Senior Executive Officer.

These changes are effective April 1, 2023. Biography of the new Representative Director (as of March 8, 2023): Name: Toshiyasu Horie. Date of birth (age): December 30, 1962 (60).

Birthplace: Yokohama, Kanagawa, Japan. Education: March 1985, B.A. in Economics, Yokohama National University. Career: April 1985 Joined Asahi Kasei.

April 2008: General Manager, Acrylonitrile Global Marketing Dept., Intermediate Products Division 1, Asahi Kasei Chemicals Corp. April 2015: General Manager, Corporate Planning & Coordination, Asahi Kasei Chemicals Corp. April 2019: Executive Officer, Asahi Kasei Corp.

(Deputy Oversight, Basic Materials) Senior General Manager, Planning & Coordination, Basic Materials SBU, Asahi Kasei Corp. April 2020: Lead Executive Of icer, Asahi Kasei Corp. (Executive Of icer for General Af airs, Legal, Communications, Risk Management & Compliance).

April 2022: Senior Executive Of icer, Asahi Kasei Corp. (Executive Of icer for Strategy, Accounting & Finance, IR). June 2022: Director, Senior Executive Of icer, Asahi Kasei Corp.

(Executive Of icer for Strategy, Accounting & Finance, IR). April 2023 (scheduled): Representative Director, Senior Executive Of icer, Asahi Kasei Corp. (Executive Of icer for Strategy, Accounting & Finance, IR, Internal Control).