The board of directors of Fujitec Co., Ltd. at a meeting held March 24, 2023, resolved to make the following changes in personnel: Selection of Chairman of the Board of Directors: Given the change in composition of the board of directors as a result of the Fujitec extraordinary general meeting of shareholders held February 24, 2023, at a meeting held March 24, 2023, the board of directors appointed Outside Director Kaoru Umino as chairman of the Fujitec Co., Ltd. board of directors. Ms. Umino assumed the position of chairman of the board of directors beginning with the board meeting held on the same day. Members and Chair of the Nomination and Compensation Advisory Committee: Given the change in composition of the board of directors as a result of the Fujitec extraordinary general meeting of shareholders held February 24, 2023, at a meeting held March 24, 2023, the board of directors selected the following individuals as members and chair of the Nomination and Compensation Advisory Committee: Chair: Kazuhiro Mishina, Outside Director, Committee Member: Torsten Gessner, Outside Director and Committee Member: Ako Shimada, Outside Director.