Sugi : Notification on Management Team Changes

January 24, 2022

To Whom It May Concern:

Company: S U G I H o l d i n g s C o . , L t d .

Representative: Katsunori Sugiura, Representative Director & President

(Code number: 7649, First Section of TSE and NSE) Inquiries: Makoto Kasai, General Manager, Business Planning Department ( T E L : 0 5 6 2 - 4 5 - 2 7 4 4 )

Notification on Management Team Changes

Sugi Holdings Co., Ltd. is pleased to announce that it has selected candidates for director positions as below at a meeting

of the Board of Directors held on January 24, 2022.

After each candidate is elected as a director at the Company's 40th Ordinary General Meeting of Shareholders to be held in

Mid-May 2022, the appointment of each director will officially be determined at a meeting of the Board of Directors to be

held on the same date.

Details

１．Names and titles of director candidates to be voted on at the 40th Ordinary General Meeting of Shareholders

New title			Name	Current title
Representative	Director	&	E i i c h i S a k a k i b a r a	Representative	Director	&
Chairman			Chairman
Representative	Director	&	K a t s u n o r i S u g i u r a	Representative	Director	&
President			President
Director			S h i n y a	S u g i u r a	Director
External Director			S h i g e y u k i	K a m i n o	External Director
External Director			Y o s h i k o	H a y a m a	External Director
External Director			M i c h i k o	H o r i	External Director

２．Names of auditor candidates to be voted on at the 40th Ordinary General Meeting of Shareholders (reappointment)

External Auditor	K a n a Y a s u d a	External Auditor