Furukawa Electric Co., Ltd. at its board meeting held on March 07, 2024 announced transfer of executives and new duties, as of March 31, 2024 to new position from April 1: Akihiro Fukunaga to Director from Director, Corporate Senior Vice President and General Manager of the Finance & Accounting Division; Shigenobu Abe to Advisor, Automotive Products Division from Corporate Senior Vice President, General Manager of the Automotive Products Division and President of Furukawa Automotive Systems Inc.; Akihiko Kasukawa from Senior Fellow, Photonics Laboratories, Research & Development Division. As of April 1, 2024: Takeshi Ogamino to Corporate Vice President (Duties remain unchanged) from General Manager, FITEL Products Division, Communications Solutions Division; Akifumi Nakajima to Corporate Vice President, General Manager, MONOZUKURI Innovation Division to General Manager, Corporate Planning Department, Strategy Division; Koji Aoshima to Corporate Vice President, General Manager, Finance & Accounting Division from General Manager, Finance & Accounting Department, Finance & Accounting Division; Keiichi Nishimura to Corporate Vice President, Deputy General Manager, Automotive Products Division from President and CEO, American Furukawa Inc.; Hiroko Takita to Corporate Vice President (Duties remain unchanged) from General Manager, Investor Relations Department, Finance & Accounting Division; Kentaro Sakamoto to Corporate Vice President, President, Furukawa Automotive Systems Inc. from General Manager, Quality Promotion Department, MONOZUKURI Innovation Division. Promotions: Teruyoshi Uchida to Corporate Senior Vice President, General Manager, Automotive Products Division from Corporate Vice President, General Manager, MONOZUKURI Innovation Division; Eiichi Nishimura to Corporate Senior Vice President, (Duties remain unchanged) from Corporate Vice President, General Manager, Energy Infrastructure Division; Toru Fukushima to Corporate Vice President, Deputy General Manager, Research & Development Division from Corporate Vice President, General Manager, Sustainable Energy Succession Project Team and Deputy General Manager, Research & Development Division.

As of June 26, 2024: Akihiro Fukunaga to Advisor, Finance & Accounting Division from Director; Osamu Tsukamoto retired as Outside Director. Candidates for New Director: Koji Aoshima to Director and Corporate Vice President (Duties remain unchanged from the duties as of April 1) from (Position through March 31) General Manager, Finance & Accounting Department, Finance & Accounting Division (Position and Duties from April 1, 2024) Corporate Vice President, General Manager, Finance & Accounting Division; Takeo Hoshino as Outside Director. Takeshi Ogamino: Born June 15, 1963, 60 years old, From Tokyo 1988 - March - Completed graduate course in Metallurgical Engineering, Graduate School of Engineering, The University of Tokyo, 1988 - April - Joined Furukawa Electric Co., Ltd., 2013 - April - General Manager, Industrial Laser Systems Department, FITEL Products Division, 2014 - July - General Manager, Industrial Laser Systems Department, Business Promotion Office, Strategy Division, 2015 - April -General Manager, Furukawa FITEL (Thailand) Co., Ltd., 2016 - April - Managing Director, Furukawa FITEL (Thailand) Co., Ltd., 2020 - November -- Deputy General Manager, FITEL Products Division, Communications Solutions Division, Furukawa Electric Co., Ltd., 2022 - April - General Manager, FITEL Products Division, Communications Solutions Division (Current position).

Reason for appointment- Takeshi Ogamino has been engaged in the FITEL products business for most of his career. He possesses extensive overseas experience, including in the United States and Thailand. While Managing Director of Furukawa TITEL (Thailand), he reformed the organizational culture and transformed the company into an R&D hub.

From 2022, he has continued to lead the business as General Manager of the FITEL Products Division. In his new role, he is expected to advance the business strategy through leadership that increases the motivation of those around him.