Freund Corporation proposed changes in directors and Audit & Supervisory Board members. The appointment of new Audit & Supervisory Board member candidate is to become official if approval is received at the 55th Annual General Meeting of Shareholders scheduled for May 30, 2019. Retiring director (effective May 30, 2019): Narimichi Takei. Director, General Manager of Chemicals Division, In charge of Machinery and Chemicals Development. Candidate for new Audit & Supervisory Board member: Sakae Hirano. Full-time Audit & Supervisory Board Member. March 2019: Scheduled to resign from Idemeitsu Kosan. Retiring Audit & Supervisory Board member (effective May 30, 2019): Tadashi Kobayashi. Full-time Audit & Supervisory Board Member (current position). Mr. Takei and Mr. Kobayashi will retire from their positions at the conclusion of the 55th Annual General Meeting of Shareholders scheduled for May 30, 2019.