The Board of Directors of Megachem Limited announced the resignation of Mr. Toshiyuki Yokogawa as Non-Executive Director and the appointment of Mr. Tatsuyuki Sakoda as Non-Executive Director of the Company with effect from March 1, 2019. The Board of Directors considers Tatsuyuki Sakoda as non-independent. His work experience includes: Aug. 2008 Chori Co. Ltd., Section Manager (Corporate Planning Department) Apr. 2010 Chori Co. Ltd., Department Manager (Business Promotion Department) July 2017 Chori Co. Ltd., Executive Officer (Corporate Planning Division).