Lacto Japan hereby announces that its Board of Directors on January 23, 2024 decided on the following matters regarding changes to Directors and Executive Officers. The appointment of officers will be officially decided at the 26th Annual General Meeting of Shareholders scheduled to be held on February 27, 2024 and at the Board of Directors meeting following the General Meeting of Shareholders. Candidates for directors (excluding directors who are Audit and Supervisory Committee Members): Motohisa Miura: Current position: President, Overall management, in charge of Internal Audit Office and Quality Assessment Office, member of the Nomination and Compensation Advisory Committee.

New position: President, Overall management, in charge of Internal Audit Office and Quality Assessment Office, member of the Nomination and Compensation Advisory Committee. Kenji Bundo: Current position: Director, Supervision of administrative divisions and Head of Corporate Staff Division. New position: Executive Vice-President, Assistant to the President, supervision of administrative divisions and overseas business, in charge of Management Strategy Division, and Head of Corporate Staff Division.

Takashi Abe: Current position: Director, Supervision of Asian business, Managing Director of Lacto Asia Pte Ltd. New position: Director, Supervision of Asian business, Managing Director of Lacto Asia Pte Ltd. Shin Kojima: Current position: Director, Supervision of sales division. New position: Director, Supervision of sales division. Yasuhiro Ikeda: Current position: Outside Director, Member of the Nomination and Compensation Advisory Committee.

New position: Outside Director, Member of the Nomination and Compensation Advisory Committee. Scheduled to retire: Masayuki Maekawa: Current position: Director, Assistant to the President, supervision of overseas business, in charge of Management Strategy Division. New position: Advisor.

Changes to executive officers (as of March 1, 2024): Hitoshi Fukumura: Current position: Deputy Division General Manager of Cheese Business Division. New position: Executive Officer Supervision of Asian cheese manufacturing business, Senior General Manager of Lacto Asia Pte. Ltd. Changes to executive officers (as of April 1, 2024): Ryuji Shiina: Current position: Senior Executive Officer, In charge of Asian Business, CEO of Foodtech Products (Thailand) Co., Ltd. and Head of Bangkok Representative Office.

New position: Senior Executive Officer, In charge of Business Development Division. Takeshi Kurokawa: Current position: Executive Officer, General Manager of Dairy Ingredients Division 2, in charge of Business Development Division. New position: Executive Officer, General Manager of Dairy Ingredients Division 2.