Alfresa Holdings Corporation announced that the following new appointments and resignations for representative directors were approved at a Board of Directors Meeting held on May 12, 2020. These appointments and resignations will be officially made at its 17th Ordinary General Meeting of Shareholders scheduled to be held on June 25, 2020 and the Board of Directors Meeting that will be held soon after the General Meeting of Shareholders. Hiroyuki Kanome announced resignation of Representative Director & Chairman; Taizo Kubo, Representative Director & President changed title to Director & Chairman; Ryuji Arakawa, Director, Senior Vice President & Executive Officer changed title to Representative Director & President.

Effective date is June 25, 2020. The reason of new appointments and resignation is to reform its management structure as stated in "Measures to Enhance Alfresa Group's Governance" released and increase corporate value by the steady implementation of "19-21 Mid-term Management Plan".