Oiles Corporation hereby announced that it has resolved, at a meeting of the Board of Directors held on December 21, 2022, the matters concerning the changes of directors, operating officers and organization. Change of Directors (As of April 1, 2023): The company appointed Kazuharu Tanabe, currently Director, Managing Operating Officer, General Manager, Bearing Division, as Director. Satoshi Miyazaki, currently Director, Managing Operating Officer, General Manager, Damping & Isolation Division, as director.

Change of Operating Officers (As of April 1, 2023): Kazuhiro Yamamoto, currently Senior Operating Officer, Production Control, as Operating Officer, General Manager, Production Division. Toshihiko Sekine, currently Manager, Engineering & Design Dept. 1, Bearing Division, as Operating Officer, General Manager, General Bearing Division.

Hikaru Ozaki, currently Manager, Planning & Administrative Dept. Bearing Division, as Operating Officer, General Manager, Automotive Bearing Division. Koichi Masuda, currently Vice-General Manager, Damping & Isolation Division Manager, Planning & Administrative Dept.

as Operating Officer, General Manager, Damping & Isolation Division.