Japan Petroleum Exploration : Notice regarding Change of Representative Director and Directors(111.3 KB)

Note: The following is an English translation of the Japanese-language original

May 12, 2023

Company Name:	Japan Petroleum Exploration Co., Ltd. (JAPEX)
Securities Code:	1662 (Prime Market of the Tokyo Stock Exchange)
Representative:	FUJITA Masahiro, Representative Director and President
Inquiries:	Corporate Communication Office
TEL:	[phone]

Notice regarding Change of Representative Director and Directors

Japan Petroleum Exploration Co., Ltd. (JAPEX) announced that the following change of Representative Director and Directors are tentatively resolved at a board of directors meeting held today. The changes are subject to approval at the 53rd ordinary general meeting of shareholders and the Board of Directors' meeting subsequently to be held on June 27, 2023.

1. Change of Representative Director (as of June 27, 2023) * Change is underlined

Name	New Position	Current Position
WATANABE Osamu	Director and Chairman	RepresentativeDirector and Chairman

(Reason of the Change)

To further strengthen our corporate governance by making it clearer that the Chairman is in a position to supervise the execution of business operations.

2. Change of Directors (as of June 27, 2023) * Changes are underlined

1) Candidate of New Director

Name	New Position	Current Position
TEZUKA Kazuhiko	Director, Managing Executive Officer	Managing Executive Officer
President of Technical Division	President of Technical Division

2) Retirement of Director

Name	New Position	Current Position
HIRATA Toshiyuki	Advisor	Director
Advisor

Appendix: Executives of Japan Petroleum Exploration Co., Ltd. (as of June 27, 2023)

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Executives of Japan Petroleum Exploration Co., Ltd. (as of June 27, 2023) [Directors] (11)

Title	Name	Business Duty
Director and Chairman	WATANABE Osamu	-
Representative Director and President	FUJITA Masahiro	-
Chief Executive Officer
Representative Director		Advisor to President, President of Power Business
ISHII Yoshitaka	Division, in charge of Secretary Office, Responsible for
Executive Vice President
	Carbon Neutral Related Business
Director	YAMASHITA Michiro	In charge of Finance & Accounting Dept., and Deal
Senior Managing Executive Officer	Execution/PMI Support Dept.
Director		In charge of Corporate Communication Office,
NAKAJIMA Toshiaki	Corporate Strategy Dept., and Information
Managing Executive Officer
	Technology Dept.
Director	TEZUKA Kazuhiko	President of Technical Division
Managing Executive Officer	(New)
Outside Director	ITO Tetsuo	-
Outside Director	YAMASHITAYukari	-
Outside Director	KAWASAKI Hideichi	-
Outside Director	KITAI Kumiko	-
Outside Director	SUGIYAMAYoshikuni	-

Note) ITO Tetsuo, YAMASHITA Yukari, KAWASAKI Hideichi, KITAI Kumiko, and SUGIYAMA Yoshikuni are the Outside Directors as stipulated under Article 2-15 of the Companies Act of Japan.

[Audit & Supervisory Board Members] (4)

Title	Name	Business Duty
Audit & Supervisory Board Member	NAKAMURA Mitsuyoshi	-
Audit & Supervisory Board Member	MOTOYAMAYoshihiko	-
Outside Audit & Supervisory Board Member	KAWAKITA Chikara	-
Outside Audit & Supervisory Board Member	MOTOYAMA Hiroshi	-

Note) KAWAKITA Chikara and MOTOYAMA Hiroshi are the Outside Audit & Supervisory Board Members as stipulated under Article 2-16 of the Companies Act of Japan.

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[Executive Officers who are not concurrently Director] (12)

Title	Name	Business Duty
Senior Managing Executive Officer	SUGA Tsuyoshi	President of Marketing & Sales Division, in charge of
Procurement Dept.
Managing Executive Officer	ABE Satoshi	President of Overseas Business Division I
Managing Executive Officer	IKENO Tomonori	In charge of Environmental Business Promotion Dept.
and New Business Promotion Dept.
Managing Executive Officer	KASA Hirofumi	Vice President of Power Business Division
Managing Executive Officer	YAMADA Tomomi	President of Overseas Business Division II
Executive Officer	NAKANO Masanori	General Manager of Nagaoka District Office
		Vice President of Marketing & Sales Division,
Executive Officer	NAGAHAMAYasushi	General Manager of Hokkaido Marketing & Sales
		Office of Marketing & Sales Division
Executive Officer	OHAMA Tadashi	In charge of LNG Marketing & Procurement Office
Executive Officer	YASUI Akira	Vice President of Power Business Division
Executive Officer	FUNATSU Jiro	In charge of Internal Control, Administration & Legal
Dept., and Human Resource Dept.
Executive Officer	TAKAHASHI Toshihiro	President of Domestic E&P Project Division, in
charge of HSE Dept.
Executive Officer	SUDAAkira	President of Gas Supply & Facility Engineering
Division
[Fellows] (3)
Title	Name	Business Duty
Fellow	WASEDAAmane	(Research Center, Technical Division)
Fellow	ANRAKU Toshiyuki	(Technical Division)
Fellow	TAKANO Osamu	(Research Center, Technical Division)

Note) Fellows support the Board Members and senior managements by the high degree expertise in the specialized fields.

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