Kawasaki Kisen Kaisha : Changes of Directors

N E W S L E T T E R

May 7, 2024

Kawasaki Kisen Kaisha, Ltd.

Changes of Directors

Kawasaki Kisen Kaisha, Ltd. ("K" LINE) has decided on candidates for Director to be nominated at the 156th Ordinary General Meeting of Shareholders scheduled on June 21, 2024 together with retirements during board meeting held today.

Changes of Directors

(1) Retirement scheduled for June 21, 2024

	Name	Present Position	New Position
	Atsuo Asano	Director	President, Daito Corporation
	on June 19
	Yukio Toriyama	Director
	Kozue Shiga	Outside Director
(2) New Appointment scheduled for June 21, 2024
	Name	New Position	Present Position
	Noriaki Yamaga	Director, Senior Managing	Senior Managing Executive
	Executive Officer	Officer
			Member of Board of
	Takako Masai	Outside Director	Directors, Chairperson, SBI
	Financial and Economic
			Research Institute Co., Ltd,

KAWASAKI KISEN KAISHA, LTD.

ｻｽﾃﾅﾋﾞﾘﾃｨ・環境経営推進・IR・広報ｸﾞﾙｰﾌﾟ Corporate Sustainability, Environment Management, IR and Communication Group

N E W S L E T T E R

(Attachment)

Reasons for nomination as candidate for Newly-Elected Directors:

Noriaki Yamaga

Mr. Noriaki Yamaga has proven achievements, notably in the Containerships Business, Corporate Planning, IR and Communication, Corporate Sustainability Sectors, etc., and abundant management experience as an Executive Officer of the Company. Currently he is appropriately executing business strategies as the Executive Officer responsible for CFO Unit (Corporate Planning, Research, Finance, Accounting, Taxation, Corporate Sustainability, Environment Management, IR and Communication). The Company judges that his abundant experience and proven achievements will contribute to the suitable fulfilment of the decision-making and supervisory functions of the Company's Board of Directors. Accordingly, the Company requests his election as Director. There is no special interest between Mr. Yamaga and the Company.

Career History
April, 1986	Joined Kawasaki Kisen Kaisha, Ltd.
April, 2011	General Manager of Containerships Business Management Group
August, 2017	OCEAN NETWORK EXPRESS PTE. LTD.
April, 2020	Executive Officer
April, 2021	Managing Executive Officer
April, 2024	Senior Managing Executive Officer(Current)

Takako Masai

Ms. Takako Masai has experience in promoting business related to the financial market in both foreign and domestic banks. She has also been involved in the formulation of monetary policy as a deliberation member of the Policy Board at the Bank of Japan. The Company judges that her abundant experience in the financial market, insights of financial economics, and knowledge on diversity will contribute to the Company's management. Accordingly, the Company requests her election as Outside Director. After her appointment, the Company expects her that she will draw on her broad insight to appropriately fulfill her role of making suggestions at the Board of Directors meetings and supervising the execution of business as Outside Director of the Company. There is no special interest between Ms. Masai and the Company.

Ms. Masai satisfies the criteria for independence of Outside Director provided by the Company, and if she is elected as an Outside Director, the Company plans to designate her as an independent director pursuant to the regulations of Tokyo Stock Exchange where its stock is listed.

Career History

KAWASAKI KISEN KAISHA, LTD.

ｻｽﾃﾅﾋﾞﾘﾃｨ・環境経営推進・IR・広報ｸﾞﾙｰﾌﾟ Corporate Sustainability, Environment Management, IR and Communication Group

N E W S L E T T E R

November, 1988 Joined Scotiabank, Tokyo

July, 1989 Joined the Toronto-Dominion Bank, Tokyo

March, 1998 Joined Credit Agricole Indosuez (current Credit Agricole CIB), Tokyo

May, 2007 General Manager, Capital Markets Division, Shinsei Bank, Limited (current SBI Shinsei Bank, Limited)

April, 2013 Executive Officer, Head of Markets Research Department, Markets Sub- Group, Shinsei Bank, Limited (current SBI Shinsei Bank, Limited)

July, 2015 Executive Officer, General Manager of Markets Research Division, Shinsei Bank, Limited (current SBI Shinsei Bank, Limited)

June, 2016 Member of the Policy Board of the Bank of Japan

June, 2021 Member of Board of Directors of SBI Financial and Economic Research Institute Co., Ltd. (Current)

July, 2021 Outside Director, Tobishima Corporation (Current)

Sim Kee Boon Institute for Financial Economics Advisory Board member (Current)

August, 2021 Chairperson, SBI Financial and Economic Research Institute Co., Ltd. (Current)

April, 2022 Guest Professor, Jissen Women's University (Current)

KAWASAKI KISEN KAISHA, LTD.

ｻｽﾃﾅﾋﾞﾘﾃｨ・環境経営推進・IR・広報ｸﾞﾙｰﾌﾟ Corporate Sustainability, Environment Management, IR and Communication Group