Daio Paper Corporation announced that the board meeting held on June 29, 2022, implement the change of its Representative director. Reasons for the change: As stated in "Regarding Partial Withdrawal of the Proposals for the 111th Annual General Meeting of Shareholders," dated June 29, 2022, Mr. Masayoshi Sako will retire from his current position as Representative Director having completed his term in office. Details of the change: New Position: Honorary Advisor.

Current Position: Chairperson and Representative Director.