Nissin Foods Company Limited announced that, with effect from July 1, 2021, Mr. Munehiko Ono shall resign as an Executive Director due to work rearrangement; and Mr. Junichi Honda shall resign as an Independent Non-executive Director, chairman of the audit committee and the remuneration committee, and a member of the nomination committee of the company in order to devote more time to his other commitments. Mr. Yasuhiro Yamada shall be appointed as an Executive Director; and Mr. Masaru Takahashi shall be appointed as Independent Non-executive Director, chairman of the audit committee and the remuneration committee, and a member of the nomination committee of the company. Mr. Yasuhiro Yamada is the Chief Production Officer of the Group, and will be responsible for overseeing and managing overall production functions of the Group. He is a director of certain subsidiaries of the company. Before joining the Group, Mr. Yamada was the Chief Production Officer of Nissin Food Holdings Co. Ltd., the controlling shareholder of the Company, and oversaw its chilled and frozen foods, confectionery and beverages businesses. Mr. Yamada joined Nissin Japan in 1981 and has served in various positions in Nissin Japan. Mr. Masaru Takahashi, aged 68, is currently a special advisor of CENXUS GROUP, a tax accounting corporation in Japan since January 2018 and a non-executive director of Fukui Computer Holdings Inc. Mr. Takahashi also served as a director of Asia Business Strategy Research Institute and a lecturer of AIBS Business School since February 2019 and a lecturer of the Graduate School of Professional Accountancy of Meiji University since April 2020.