Calbee : Announces Candidates for Director Auditor and Substitute Auditor

Calbee, Inc.

TSE Prime Market: Code No. 2229

Calbee Announces Candidates for Director, Auditor and Substitute Auditor

Tokyo, April 19, 2022 - Calbee, Inc. (hereafter "Calbee") announced the following planned appointments for director, auditor and substitute auditor, expected to be confirmed at the 73rd annual General Meeting of Shareholders scheduled for June 2022, decided at a meeting of the Board of Directors held today.

1. Director candidates

Director Director Director Outside Director Outside Director Outside Director Outside Director Outside Director

Shuji Ito (currently Representative Director, President and CEO) Makoto Ehara (currently Representative Director and Vice President and COO) Koichi Kikuchi (currently Managing Executive Officer) Yuzaburo Mogi (currently Honorary CEO and Chairman of the Board of Directors, Kikkoman Corporation) Takahisa Takahara (currently President & CEO, Unicharm Corporation) Atsuko Fukushima (currently journalist) Yoshihiko Miyauchi (currently Senior Chairman, ORIX Corporation) Wern Yuen Tan (currently CEO, Asia Pacific Australia & New Zealand and China, PepsiCo, Inc.)

Calbee incorporates diverse viewpoints and has outside directors comprise a majority of the Board of Directors to ensure management with a high level of transparency. Calbee has selected the above director candidates to strengthen oversight through the incorporation of global and diverse perspectives in order to achieve sustainable growth and raise our corporate value over the medium-to long-term while responding to changes in the business environment.

2. Changes to director

1. New outside director candidate

Name	Work history
(Date of birth)
Jul. 2001	Senior Police Officer, Singapore Police Force
Jun. 2005	Senior Assistant Director, Singapore Ministry of Trade and
Industry
Feb. 2006	Associate, Boston Consulting Group
Jan. 2010	Principal, Boston Consulting Group
Jun. 2011	Senior Director of Strategy & Insights, Asia Pacific Middle
Wern Yuen Tan	East & Africa, McDonald's Corp.
(March 18, 1978)	Jun. 2012	Vice President of Strategy & Insights, Asia Pacific Middle
East & Africa, McDonald's Corp.
Mar. 2013	Managing Director, Taiwan McDonald's Corp.
Jan. 2017	President, Walmart Stores China, Walmart Inc.
Jan. 2018	President & CEO, China, Walmart Inc.
Jun. 2020	CEO, Asia Pacific Australia & New Zealand and China,
PepsiCo (current)

2. Retiring outside director

Sylvia Dong

3. Changes to auditors

1. New Internal Audit & Supervisory Board member candidateWork historyApr. 1988

Joined Hitachi Chemical Co., Ltd. (now Showa Denko Materials Co., Ltd.)

Apr. 2013

Executive Director (Treasurer), Hitachi Powdered Metals (USA), Inc. (now Showa Denko Materials Powdered Metals (USA), Inc.)

Yumiko Okafuji (December 10, 1964)

Oct. 2016

Joined Calbee, Inc. Manager, IR Division, Corporate Planning and IR Departments

Apr. 2019

Executive Officer, General Manager, IR Department and Manager, ESG Promotion Office

Apr. 2021

Apr. 2022

Executive Officer, General Manager, Procurement Division and Manager, Sustainability Promotion Office Strategic Risk Management Department (current)

2. Outside Audit & Supervisory Board member candidate (reappointment)

Taizo Demura

3. Retiring outside Audit & Supervisory Board member

Tadashi Ishida

• 4. Substitute Audit & Supervisory Board member candidate (reappointment)

  Yoshio Mataichi (currently Substitute Auditor and attorney-at-law, LTE Law Offices)

• 5. New composition of the Board of Directors (after the 73rd annual General Meeting of Shareholders in June 2022)

Representative Director, President and CEO	Shuji Ito
Representative Director and Vice President and COO	Makoto Ehara
Managing Executive Officer	Koichi Kikuchi
Outside Director	Yuzaburo Mogi
Outside Director	Takahisa Takahara
Outside Director	Atsuko Fukushima
Outside Director	Yoshihiko Miyauchi
Outside Director	Wern Yuen Tan	(new)
Internal Audit & Supervisory Board Member	Yumiko Okafuji	(new)
Outside Audit & Supervisory Board Member	Taizo Demura
Outside Audit & Supervisory Board Member	Nagako Oe
***ENDS***