Toyota Motor Corporation announced that the current ten directors will continue to serve as directors, and the company will continue to work on transforming TMC into a mobility company and solving social issues. Regarding the Audit and Supervisory Board Members, TMC has registered Mr. Ryuji Sakai, a member of the Audit and Supervisory Board of company, as an independent officer. However, he falls into the category of "major business partner" under the revised Independence Assessment Criteria.

Accordingly, he will resign his post as a member of the Audit and Supervisory Board following the closing of the General Shareholders' Meeting. The candidate for new Audit & Supervisory Board Members was considered on account of the roles of and expectations for outside executives and the Independence Assessment Criteria mentioned above, as well as the balance of knowledge, experience, abilities, etc., possessed by each Director and Audit & Supervisory Board Member. The formal appointment of members of the Board of Directors and the Audit and Supervisory Board Members will be made after approval at the General Shareholders' Meeting.

The selection of board members with specific titles and board members with the legal status to represent TMC will be made at the Board of Directors meeting following the General Shareholders' Meeting. The resignation of the outgoing Board of Directors and the Audit and Supervisory Board Members will become official following the closing of the General Shareholders' Meeting.