Kameda Seika : Notice Regarding the Changes in Representative Directors and Officers

April 22, 2022

TSE Prime Market: Code No. 2220

Notice Regarding the Changes in Representative Directors and Officers

KAMEDA SEIKA CO., LTD. (headquartered in Niigata-shi, Niigata; Isamu Sato, President & COO; hereinafter Kameda) announces that the Board of Directors resolved changes of Representative

Directors and Officers at a meeting held on April 22, 2022, as described below. The nominations are subject to approval at the 65th Ordinary General Meeting of Shareholders scheduled for June 14, 2022 and the Board of Directors to be held after the meeting.

1. Reason for changes

In order to realize our goal of becoming a "Global Food Company," embodying the value of "Better For You," and transforming ourselves from a rice cracker and snack manufacturer to a food company, we have renewed our executive structure. Under the new leadership, we will strive to achieve sustainable growth and enhance the corporate value of the KAMEDA SEIKA Group.

The changes of Representative Directors and Officers were carefully discussed by a Special Review Committee consisting mainly of Outside Directors and Outside Audit & Supervisory Board Members, and were resolved at a meeting of the Company's Board of Directors.

2. Changes in Directors

(1) Name and title of Representative Directors

Name	New title	Current title
Lekh Raj Juneja	Representative Director, Chairman & CEO	Representative Director, Executive Vice President
Masanori Takagi	Representative Director, President & COO	General Manager, Sales Division
Michiyasu Tanaka	Director, Senior Chairman	Representative Director, Chairman & CEO
Isamu Sato	Executive Adviser	Representative Director, President & COO
Yoshio Kodera	Special Adviser	Representative Director, Executive Vice President

(2) Name and title of Directors

Name	New title	Current title
Akira Kobayashi	Senior Managing Director & CFO, General Manager of Administrative Division	Director & CFO, General Manager of Administrative Division
Naoko Koizumi	Managing Director, in charge of Group Companies and Diversity	Director, in charge of Group Companies and Diversity
Katsuo Shoyama *1	Outside Director	－
Nobuo Seki	－	Outside Director
Tadasu Tsutsumi	－	Outside Director

*1 The Company is scheduled to appoint Mr. Katsuo Shoyama as an independent director that he meets all the conditions for independence stipulated by the Tokyo Stock Exchange.

3. Changes in Audit & Supervisory Board Members

Name and title of Audit & Supervisory Board Members

Name	New title	Current title
Kazuyoshi Aoki *2	Outside Audit & Supervisory Board Member	－
Akihiro Ito *2	Outside Audit & Supervisory Board Member	－
Kenichi Yazawa	－	Outside Audit & Supervisory Board Member
Takao Yuhara	－	Outside Audit & Supervisory Board Member

*2 The Company is scheduled to appoint Mr. Kazuyoshi Aoki and Mr. Akihiro Ito as independent directors that they meets all the conditions for independence stipulated by the Tokyo Stock Exchange.

4．Effective Date

June 14, 2022

5．Biographies of new Representative Director, Director and Audit & Supervisory Board Member candidates

Name	Masanori Takagi
Date of birth	February 11, 1972
Career summary	Apr 1990 November 2014 Joined the Company Head of Shirone Plant June 2017 June 2018 General Manager of General Affairs Department Executive Officer, April 2020 General Manager of General Affairs Department Executive Officer, July 2021 General Manager of Business Restructuring Team Managing Executive Officer, General Manager of Sales Division (current position)
Number of shares owned: 1,412 shares

Name	Katsuo Shoyama
Date of birth	February 21, 1955
Career summary	April 1978 Joined Asahi Brewery Company (currently Asahi Group Holdings, Ltd.) September 2008 Director, General Manager of East Kanto Area Management Headquarters June 2011 Executive officer, General Manager of Chugoku Area Management Headquarters March 2013 March 2016 March 2017 President and Representative Director of LB Co., Ltd. Senior Managing Director of Asahi Group Foods, Ltd. President and Representative Director (resigned in March 2021)
Number of shares owned: －

Name	Kazuyoshi Aoki
Date of birth	December 24, 1955
Career summary	April 1979 March 2003 March 2005 Joined Kao Soap Co., Ltd. (currently Kao Corporation) Controller of International Household Div., Kao Corporation Vice chairman of the Board and Vice President, Kao (China) Holding Co., Ltd. May 2007 June 2012 Senior Manager of Accounting and Finance Div., Kao Corporation Executive Officer in charge of Accounting and Finance, Kao Corporation January 2017 Resigned from Kao Corporation June 2019 Outside Director of ANRITSU CORPORATION (current position)
Number of shares owned: －

Name	Akihiro Ito
Date of birth	December 19, 1960
Career summary	April 1983 Joined Kirin Brewery Company, Limited (currently Kirin Holdings Company, Limited) January 2013 March 2014 Executive Officer, Director of Group Finance Director of the Board, CFO March 2015 Director of the Board, Senior Executive Officer April 2016 March 2018 Director of Brasil Kirin Holding S.A. (resigned in May 2017) Standing Audit & Supervisory Board Member of Kirin Holdings Company, Limited (resigned March, 2022)
Number of shares owned: －

(Reference) Executive Structure as of June 14, 2022 (plan)

Directors 11 members (including 6 outside directors)

Title	Name
Representative Director, Chairman & CEO	Lekh Raj Juneja
(New)Representative Director, President & COO	Masanori Takagi
Senior Managing Director & CFO	Akira Kobayashi
Managing Director	Naoko Koizumi
Director, Senior Chairman	Michiyasu Tanaka
Outside Director	Mackenzie Clugston
Outside Director	Minesaburo Miyake
Outside Director	Yoshio Ito
Outside Director	Takayuki Kanai
Outside Director	Toshimasa Iue
(New)Outside Director	Katsuo Shoyama

Audit & Supervisory Board Members 4 members (including 2 outside Audit & Supervisory Board Members)

Title	Name
Full-time Audit & Supervisory Board Member	Michiya Kondo
Full-time Audit & Supervisory Board Member	Jun Sasaki
(New)Outside Audit & Supervisory Board Member	Kazuyoshi Aoki
(New)Outside Audit & Supervisory Board Member	Akihiro Ito