At a Board of Directors meeting held on February 27, 2019, a resolution was passed with respect to replacements for the offices of Chairman of the Board and President and Chief Executive Officer. Yoshinobu Nakamura has been appointed as Director, Councellor from previous post of Representative Director, Chairman of the Board. Shunsuke Betsukawa has been appointed as Representative Director, Chairman of the Board from previous post Representative Director, President and CEO. Shinji Shimomura has been appointed as Representative Director, President and CEO from previous post Director, Executive Vice President of the Company Representative Director, President and CEO of Sumitomo (S.H.I.) Construction Machinery Co., Ltd. Representative Director, President and CEO of Sumitomo (S.H.I.) Construction Machinery Sales Co., Ltd. The appointment are effective from April 1, 2019. At a Board of Directors meeting held on February 27, 2019, a decision was made with respect to the transfer of officers and important personnel changes effective April 1 as well as with the resignation of a Director from his office effective at the end of the Ordinary General Meeting of Shareholders in June this year. Hideo Suzuki appointed to Chief Financial Officer from previous post of General Manager of Corporate Finance, Accounting & Administration Group. Hiroo Morita retained the post Senior Vice President from previous post of General Manager of Human Resources Group. Toshiro Watanabe appointed to General Manager of Corporate Finance, Accounting & Administration Group from previous post of General Manager of Corporate Administration Department, Corporate Finance, Accounting & Administration Group. Kazutoshi Shiraishi new General Manager of Human Resources Group retained the post General Manager of Human Resources Department, Human Resources Group. Yasunobu Kazumi appointed to Senior Vice President of the Company from Vice President of the Company. Hirotaka
Sakoda appointed as Representative Director.