USHIO INC. announced that, at the board of directors meeting held on January 10, 2024, approved change the new management structure: Takabumi Asahi, Director, Managing Executive Officer, Chief Financial Officer as Representative Director, President; Koji Naito, Representative Director, President as Director, Senior Adviser; Naoki Kawamura, Representative Director, Senior Executive Vice President, Chief Operating Officer as Director, Senior Adviser. 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).