USHIO INC. announced that, at the board of directors meeting held on January 10, 2024, approved change the new management structure: Current Chief Financial Officer, Takabumi Asahi is resigned as CFO and appointed as Representative Director, President and Chief Executive Officer. Scheduled Date for the Change April 1, 2024. Career History of the Takabumi Asahi: Date of Birth August 28,1964 (59 years old); Education Mar.

1987 Bachelor of Engineering, Synthetic Chemistry, Chiba University; Career: Apr. 1987 Oki Electric Industry Co. Ltd.; Apr.

1998 GM, Oki Semiconductor Taiwan Branch; Apr. 1999 President, Oki Taiwan Inc.; Apr. 2004 GM, North America, Sales and Marketing Dept.

Silicon Solutions Company, Oki Electric Industry Co. Ltd.; Apr. 2007 President and CEO, Oki Semiconductor Americas Company; Oct.

2008 President and CEO, Oki Electric Americas Inc.; Aug. 2009 President and CEO, Oki Data Americas Inc.; Oct. 2015 GM, Overseas Sales and Marketing Center, Marketing Dept.

Oki Data Inc.; Oct. 2015 Deputy GM, Marketing Dept. Oki Data Inc.; Apr.

2017 Joined Ushio Inc. Deputy General Manager, Corporate Headquarters; Apr. 2018 Executive Officer Deputy General Manager, Corporate Headquarters and General Manager, Corporate Strategy Division, Corporate Headquarters; Apr. 2019 Senior Executive Officer General Manager, Corporate Headquarters (incumbent); Apr.

2022 Director, Managing Executive Officer and Chief Financial Officer (incumbent).