Sangetsu Corporation announced at the meeting of the board of directors held on January 12, 2024, the company resolved to change the representative director and president: Shosuke Yasuda, Representative Director and President as Director; Yasumasa Kondo, Director, Managing Executive Officer, Corporate Division and Space Planning Division as Representative Director, President and CEO, Corporate Division, Space Planning Division. Yasumasa Kondo: Birthdate: December 22, 1963 (60 years old); Biography: Apr. 1986 Joined Mitsubishi Corporation; Nov.

1996 Assigned to Singapore Branch of Mitsubishi Corporation (until March 2002); Apr. 2002 Overseas business manager of Vinyl Chloride Division of Mitsubishi Corporation; Apr. 2006 Head of Industrial Resin Section of Mitsubishi Corporation Plastics Ltd; Apr.

2010 Executive Officer of Mitsubishi Corporation Plastics Ltd. (Secondment); Jan. 2011 Manager of Vinyl Chloride Unit of Mitsubishi Corporation; Apr. 2013 General Manager of Synthetic Resin Department and Poly Vinyl Chloride, Department of Mitsubishi Corporation; Apr.

2016 General Manager of Investment, Chemical Group CEO Office of Mitsubishi Corporation; Apr. 2017 Managing Executive Director of Chuo Kagaku Co., Ltd; Apr. 2018 Representative Director and President of Chuo Kagaku Co.

Ltd.; Dec. 2022 Joined the Company. Executive Officer in charge of President's Office; Apr.

2023 Executive Officer in charge of administration of the Company; Jun. 2023 Director and executive officer in charge of administration of the Company; Jul. 2023 Director, managing executive officer, and general manager of Corporate Section of the Company.

Scheduled date of appointment: April 1, 2024.