ENGLISH TRANSLATION OF JAPANESE-LANGUAGE DOCUMENT

This is a translation of the original Japanese-language document and is provided for convenience only.

In the event of any discrepancy between this translated document and Japanese original, the original shall prevail

April 28, 2022

To whom it may concern:

Company Name: Representative:TAIYO HOLDINGS CO., LTD.

Eiji Sato, President and CEO

(Code: 4626, Listed on Prime Market of Tokyo Stock Exchange)

Inquiries: Sayaka Tomioka, Executive Officer,

General Manager of Corporate Planning Department

Tel: +81-3-5953-5200 (main line)

Notice regarding changes in responsibility of directors

TAIYO HOLDINGS CO., LTD. (hereinafter, "Taiyo Holdings") hereby announces that it has resolved at the meeting of the Board of Directors held on April 28, 2022, to change in responsibility of our directors dated May 1, 2022, as follows.

New

Name

Current

President

Group Chief Executive Officer Officer (Risk Management) CEO

(Medical & Pharmaceutical Company) Taiyo Ink Mfg. Co., Ltd. Director

Taiyo Ink (Suzhou) Co., Ltd. Director Onstatic Technology Co., Ltd. Director Taiyo Pharma Co., Ltd. Representative Director and CEO Taiyo Pharma Tech Co., Ltd. President

Eiji Sato

President

Group Chief Executive Officer Officer (Risk Management) Taiyo Ink Mfg. Co., Ltd. Director Taiyo Ink (Suzhou) Co., Ltd. Director Onstatic Technology Co., Ltd. Director Taiyo Pharma Co., Ltd. Representative Director and CEO Taiyo Pharma Tech Co., Ltd. President

1

ENGLISH TRANSLATION OF JAPANESE-LANGUAGE DOCUMENT

This is a translation of the original Japanese-language document and is provided for convenience only.

In the event of any discrepancy between this translated document and Japanese original, the original shall prevail

New

Name

Current

Board Director

Senior Executive Officer CEO

(Electronics Company)

Officer (Display Material Project) Taiyo Ink Mfg. Co., Ltd. Director Taiyo Ink (Suzhou) Co., Ltd. Chairman of the Board

Taiyo Ink Trading (Shenzhen) Co., Ltd Chairman of the Board

Taiwan Taiyo Ink Co., Ltd Chairman of the Board

Taiyo Ink Mfg. Co., (Korea) Ltd. Director

Taiyo America, Inc. Director

Taiyo Ink International (Singapore) Pte Ltd Director

Onstatic Technology Co., Ltd. Chairman of the Board

Onstatic Ink (Shenzhen) Co., Ltd. Chairman of the Board

Taiyo Ink Products Co., Ltd. Director

Taiyo Trading (Thailand) Co., Ltd. Director

Taiyo Ink Vietnam Co., Ltd. Chairman

Onstatic New Material (JiangXi) Co., Ltd. Director

Hitoshi Saito

Board Director

Senior Executive Officer

Officer (Display Material Project) Taiyo Ink Mfg. Co., Ltd. Director Taiyo Ink (Suzhou) Co., Ltd. Chairman of the Board

Taiyo Ink Trading (Shenzhen) Co., Ltd Chairman of the Board

Taiwan Taiyo Ink Co., Ltd Chairman of the Board

Taiyo Ink Mfg. Co., (Korea) Ltd. Director

Taiyo America, Inc. Director

Taiyo Ink International (Singapore) Pte Ltd Director

Onstatic Technology Co., Ltd. Chairman of the Board

Onstatic Ink (Shenzhen) Co., Ltd. Chairman of the Board

Taiyo Ink Products Co., Ltd. Director

Taiyo Trading (Thailand) Co., Ltd. Director

Taiyo Ink Vietnam Co., Ltd. Chairman

Onstatic New Material (JiangXi) Co., Ltd. Director

2

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TAIYO Holdings Co. Ltd. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 07:04:06 UTC.