Shimachu Co., Ltd. gives notice that it has resolved at its board of directors' meeting held on August 28, 2017, as outlined below, to change in the representative director of the company and matters regarding directors. The company has decided to make a change in representative director to establish a new system and further improve operating performance in the future amid a remarkably changing business environment. Takaaki Okano, currently Director, General Manager of President's Office, is appointed as President and Representative Director.

Shigeo Yamashita is retired as President and Representative Director. The company also appointed Kazuya Orimoto, currently Executive Officer, General Manager of Accounting Department, as Director. The company announced that the retirement of Toshifumi Demura as Director, General Manager of Corporate Planning Office and Takashi Shimamura as Director, General Manager of Furniture Sales Division.

The company also appointed Toshifumi Demura, currently Director, General Manager of Corporate Planning Office, as Director who is Audit and Supervisory Committee Member. The company announced retirement of Michio Kobori as Director who is Audit and Supervisory Committee Member and Hiroshi Hirata as Director who is Audit and Supervisory Committee Member. These changes are effective on November 29, 2017.