RENOVA : Notice Concerning Organizational Changes and Personnel of Officers

April 12, 2022

Corporate Name: RENOVA, Inc.

Representative: Yosuke Kiminami, Founding CEO (Stock code: 9519

The Prime Market of the Tokyo Stock Exchange)

Contact:Kazushi Yamaguchi, CFO (TEL: [phone])

Notice Concerning Organizational Changes and Personnel of Officers

RENOVA, Inc. announces that a meeting of the Board of Directors held today resolved to make the following organizational changes and changes of officers as of April 16, 2022.

1. Organizational changes

The Project Origination Division, Incubation Office, and the CEO's Office will be merged and renamed as the GX (Green Transformation) Division to propel new business development that lead to carbon neutrality.

2. Changes of Executive Officers

Executive Officers

Name	New Position	Former Position
Yusuke Nagai	CSO* Head of GX Division	CSO Head of Project Origination Division
Tomofumi Imaoka	Executive Officer	Executive Officer Head of the CEO's Office

* Chief Strategy Officer (CSO) to lead strategy formulation in the green field.

[For inquiries about this release]

Kenichiro Nose, Investor Relations Tel: [phone]

Email:[e-mail]

(Reference) New management system effective from April 16, 2022 (plan)

1. Board of Directors

Title	Name
Executive Chairman	Sachio Semmoto
Founding CEO	Yosuke Kiminami
COO	Isamu Suyama
CFO	Kazushi Yamaguchi
External Director	Hideki Minamikawa
External Director	Koichi Kawana
External Director	Miyuki Zeniya
External Director	Naoki Shimada
External Director	Mayuka Yamazaki

(Note)Directors Mr. Hideki Minamikawa, Ms. Miyuki Zeniya, Mr. Naoki Shimada and Ms. Mayuka Yamazaki are Independent

Directors.

2. Audit & Supervisory Board

Title	Name
Full-time Audit & Supervisory Board Member	Yuji Shibata
External Audit & Supervisory Board Member	Noriyasu Kaneko
External Audit & Supervisory Board Member	Toshiki Sada
External Audit & Supervisory Board Member	Hiroyuki Wakamatsu

(Note) External Audit & Supervisory Board Member Mr. Noriyasu Kaneko, Mr. Toshiki Sada and Mr. Hiroyuki Wakamatsu are

Independent Directors.

3. Execution Team

Title	Name
Founding CEO	Yosuke Kiminami
COO	Isamu Suyama
CFO	Kazushi Yamaguchi
CTO	Tomokazu Ogawa
CSO	Yusuke Nagai
CHRO	Naoko Suzuki
Executive Officer Head of Project Management	Kiyohiko Fukuma
Executive Officer Head of Global Business	Naoyuki Miyabe
Executive Officer Head of Operation	Masayoshi Oide
Executive Officer	Tomofumi Imaoka
Head of Procurement	Hiroaki Nakagawa
Head of Engineering	Masahiro Yoshida
Head of Corporate Administration	Junichiro Ando