Kyudenko Corporation approved the following changes in its representative directors. Naofumi Sato as Director, current position is Executive Officer Representative President. Hideki Takei as Director, Current position is Executive Officer Representative Vice President.

Kazuyuki Ishibashi as Executive Officer Representative President, current position is Executive Officer Representative Vice President. Naofumi Sato will resign from his position as Executive Officer Representative President and become a non-representative director. The company anticipates that he will resign his position as Director at the 95th General Shareholders' Meeting, which is scheduled to be held at the end of June 2023, and subsequently be appointed to serve as Advisor by the Board.

Hideki Takei will resign from his position as Executive Officer Representative Vice President and become a non-representative director. The company anticipates that he will resign his position as Director at the 95th General Shareholders' Meeting, which is scheduled to be held at the end of June 2023, and subsequently be appointed to serve as Counselor by the Board. Kazuyuki Ishibashi will be promoted to serve as Executive Officer Representative President.

The company anticipates that Matsuji Nishimura, who currently serves as Director and Chairman, will resign that position at the 95th General Shareholders' Meeting, which is scheduled to be held at the end of June 2023, and subsequently be appointed to serve as Advisor by the Board.