Qol : (Delayed)Notice of Appointment of a Representative Director and Change of Members of the Board of Qol Holdings Co., Ltd. and Qol Co., Ltd.

This document is a translation of the original Japanese version and provided for reference purposes only.

August 26, 2020

Notice of Appointment of a Representative Director and

Change of Members of the Board of Qol Holdings Co., Ltd. and Qol Co., Ltd.

Qol Holdings Co., Ltd. announces that it has decided to appoint a Representative Director and change Members of the Board of Qol Holdings Co., Ltd. and Qol Co., Ltd. at the Board of Directors Meeting held on August 26, 2020 as follows.

I. Qol Holdings Co., Ltd.

1. Appointment of a Representative Director and change of Members of the Board

1) Reason of appointment and change

To further strengthen business management capability in order to respond to various business challenges.

2) Appointment and changes (effective October 1, 2020)

Name	New title	Current title
Shoji Okamura	Advisor to the Company	Senior Executive Director,
		Chief of Pharmacy Business
		Management Headquarters
Kiyonobu Fukumitsu	Representative and Executive Director,	Executive Director,
	Chief of Business Management	Chief of Business
	Headquarters	Management Headquarters
Isao Araki	Director,	Director,
	Chief of Pharmacy Business	Deputy Chief of Pharmacy
	Management Headquarters	Business Management
		Headquarters

Mr. Shoji Okamura will retire for health reasons.

3) Career summary of New Representative Director

Name(date of birth): Kiyonobu Fukumitsu (May 16, 1968)

Number of shares of the Company held : 60,000

April 1991	Joined The Dai-Ichi Kangyo Bank, Limited
	(current Mizuho Financial Group, Inc.)
September 2002	Joined the Company
April 2005	post of Corporate Officer
April 2008	Senior Corporate Officer
	Chief of Management Headquarters
June 2009	Director
April 2013	Chief of Corporate Strategy Headquarters
	General Manager of Business Strategy
June 2014	Executive Director (to present)
October 2018	General Manager of Business Management
July 2020	Chief of Business Management Headquarters (to present)

2. Management Team (effective October 1, 2020) Chairman and Director

President and Representative Director

Representative and Executive Director

Chief of Business Management Headquarters

Executive Director

Chief of Corporate Strategy Headquarters

Director

Chief of Pharmacy Business Management Headquarters (Pharmacist)

Director

Deputy Chief of Pharmacy Business Management Headquarters (Pharmacist)

Director

Chief of Human Resources Headquarters

Director (outside)

Director (outside)

Audit & Supervisory Board Member (full time)(outside)

Audit & Supervisory Board Member (full time)

Pharmacist

Audit & Supervisory Board Member (outside)

Masaru Nakamura

Takashi Nakamura

Kiyonobu Fukumitsu

Takayoshi Ishii

Isao Araki

Yukari Onchi

Yutaka Togashi

Toshiko Kuboki

Yukiharu Yamamoto

Mitsuru Bushimata

Chie Hashimoto

Motoyuki Miyazaki

II. Qol Co., Ltd.

1. Appointment and change (effective October 1, 2020)

Name	New title	Current title
Isao Araki	-	President and Representative
		Director
Shinobu Karasawa	President and Representative Director	Director and Executive Vice
		President
Yutaka Togashi	-	Executive Director
Shinichiro Abe	-	Director
Shinichi Ogata	Executive Director	Director,
	Chief of Management Headquarters	Chief of Management
		Headquarters
Hiroyuki Kashio	Director

Mr. Shinichiro Abe will serve as Director of APO PLUS STATION Co., Ltd. (effective October 1, 2020)

2. Management Team (effective October 1, 2020)
President and Representative Director	Shinobu Karasawa
(Pharmacist)
Director and Executive Vice President	Sakae Omata
(Pharmacist)
Director and Executive Vice President	Hiroshi Shimizu
(Pharmacist)
Executive Director	Shinichi Ogata
Chief of Management Headquarters
Director	Hiroyuki Kashio
Audit & Supervisory Board Member (full time)	Akihiro Oyama