Ichigo : Nomination of Directors

Make The World

More Sustainable

[Provisional Translation Only]

This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

April 19, 2021

Ichigo Inc. (Tokyo Stock Exchange First Section, 2337) Representative: Scott Callon, Chairman

Inquiries: Takanori Sakamatsu, Senior Statutory Executive Officer

Telephone: [phone]www.ichigo.gr.jp/en

Nomination of Directors

Ichigo decided today on the following Director candidates for approval at this year's shareholder meeting. In support of a strong independent board for its shareholders, Ichigo is proposing two Independent Director candidates who have served as CEOs of Tokyo Stock Exchange First Section companies.

1. Directors (subject to shareholder approval, May 23, 2021)

To support strong corporate governance, the majority of Ichigo's board members are Independent Directors as defined in Japan's Corporate Governance Code.

	Name			New Position			Current Position
					(as of April 19, 2021)
	Scott Callon		Director		Unchanged
	Takuma Hasegawa	Director		Unchanged
	Minoru Ishihara		Director		Unchanged
	Eri Murai		Director		Unchanged
	Tetsuya Fujita	Independent Director	Unchanged
	Noriko Kawate		Independent Director		Unchanged
	Yukio Suzuki	Independent Director		Unchanged
	Masatoshi Matsuzaki	Independent Director		Unchanged
	Nobuhide Nakaido	Independent Director		Unchanged

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2. Candidates for Committees (subject to shareholder approval, May 23, 2021)

	Chairman	Member	Member	Member	Member
Nominating Committee	Takuma	Scott	Tetsuya	Noriko	Masatoshi
Hasegawa	Callon	Fujita	Kawate	Matsuzaki
Audit Committee	Tetsuya	Noriko	Yukio	-	-
Fujita	Kawate	Suzuki
Compensation Committee	Takuma	Scott	Tetsuya	Noriko	Masatoshi
Hasegawa	Callon	Fujita	Kawate	Matsuzaki
		Yukio
Compliance Committee	Takuma	Suzuki	Scott	Tetsuya	-
Hasegawa	(Vice	Callon	Fujita
		Chairman)

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Reference: Statutory Executive Officers (subject to board approval, May 23, 2021)

	Name			New Position				Current Position
						(as of April 19, 2021)
				Chairman & Representative Statutory
	Scott Callon		Executive Officer			Unchanged
				(Overall Management)
				President & Representative Statutory
	Takuma Hasegawa		Executive Officer			Unchanged
				(Overall Management)
				Executive Vice President & Statutory
	Minoru Ishihara		Executive Officer (Sustainable			Unchanged
		Infrastructure, Hotel Business)
				COO
				Executive Managing Director &
	Eri Murai		Statutory Executive Officer (HR)			Unchanged
				President, Ichigo University
				Executive Managing Director &
	Go Watanabe		Statutory Executive Officer			Unchanged
				(New Ventures)
				Executive Managing Director &
	Takeyuki Yoshimatsu		Statutory Executive Officer			Unchanged
				(Corporate Operations)
				Senior Statutory Executive Officer
	Takanori Sakamatsu		(Finance)			Unchanged
				Head of IR
	Kazunori Kurita		Senior Statutory Executive Officer			Unchanged
		(Sustainable Engineering)
	Ryutaro Yamamoto		Senior Statutory Executive Officer			Unchanged
		(Sustainable Real Estate)
	Takashi Ohigawa		Senior Statutory Executive Officer			Unchanged
		(Sustainable Real Estate)
				Statutory Executive Officer
	Akihiko Tsukasa		(Sustainable Infrastructure, Osaka			Unchanged
				Branch)
	Kenichi Tanaka		Statutory Executive Officer			Unchanged
		(Business Promotion, Finance)
	Yasutoyo Senda	Statutory Executive Officer (Audit)			Unchanged
	Kenji Tanaka		Statutory Executive Officer			Unchanged
		(Sustainable Infrastructure)

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