The board of directors of Precision Tsugami (China) Corporation Limited announced that Mr. Manabu Tanaka (Mr. Tanaka) has resigned from his position as a non-executive Director with effect from 29 June 2020 due to his desire to devote more time to other business commitments. The board announced that Mr. Seiji Tsuishu (Mr. Tsuishu) has been appointed as a non-executive Director with effect from 29 June 2020. Mr. Tsuishu was appointed as a non-executive Director and a member of the audit committee of the Company on 29 June 2020. He served as the head of the management department of Tsugami Japan since May 2020 and as the representative director and the person in charge of the management department of Tsugami Japan since June 2020.