The board of directors of Fujitec Co., Ltd. at a meeting held on March 28, 2023, adopted a resolution concerning the following changes in personnel. As announced in Notice Concerning the Change of the Representative Director, published June 23, 2022, Mr. Takakazu Uchiyama, former president and chief executive officer of the Company, resigned from the position of representative director due to the conclusion of his term of office as director. Mr. Uchiyama was appointed chairman of the Company's board of directors at the meeting held the same day.

However, the Company has decided to remove Mr. Uchiyama from the position of chairman and terminate all contracts between the Company and Mr. Uchiyama effective March 28, 2023.