We hereby announce that our Board of Directors has resolved at a meeting held on March 28, 2024, to make the following changes to our representative directors. This change will be officially decided after approval at the Company’s annual general meeting of shareholders scheduled in June and at a subsequent meeting of the Board of Directors.

1．Details of changes in representative directors and positions (scheduled for June 2024)

Name	Current Position	New Position
Nobuhiro Todokoro	－	Representative Director, President & CEO
Yoshinori Ikeura	Representative Director, President & CEO	Board Director, Co-CEO and CTO※

※CTO＝Chief Technology Officer

【Reason for the change】

To further strengthen our management structure in accelerating the growth of our company group.

【Brief Biography of the New CEO, Nobuhiro Todokoro】

2023 – Managing Director, Whiz Partners Inc. (Scheduled to retire in conjunction with his appointment as President and CEO of Axcelead)
2022 – Representative Director, Senior Managing Executive Officer, Nitto Denko Corporation
2021 – Director, Senior Managing Executive Officer, Nitto Denko Corporation
2019 – Director, Managing Executive Officer, Nitto Denko Corporation
2017 – Executive Officer, General Manager of Information Functional Materials Business Division, Nitto Denko Corporation
Director, Senior Executive Officer, General Manager of Information Functional Materials Business Division, Nitto Denko Corporation
2015 – Executive Officer, General Manager of Information Functional Materials Division, Information Functional Materials Business Unit, Nitto Denko Corporation
1989 – Nitto Denko Corporation

2. Details of Changes in Executive Officers (effective April 1, 2024)

Name	Current Position	New Position
Kengo Okada	－	Corporate Officer CRO※ Business
Nobuhiko Yamada	Board Director and Corporate Officer CRO Business	Board Director

※CRO＝Contract Research Organization

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