DIC Corporation announced that its Board of Directors resolved to implement the changes to the Company's representative directors with effect from January 1, 2024. Takashi Ikeda will move from Managing Executive Officer to President. Kaoru Ino will move from Representative Director and President to Representative Director and Chairman of the Board of Directors.

Shuji Furuta from Director and Managing Executive Officer to Representative Director and Executive Vice President. Toshifumi Tamaki will move from Representative Director and Executive Vice President to Director. Masayuki Saito will move from Chairman of the Board of to Directors to Director.

Name: Takashi Ikeda; Place of birth: Osaka Prefecture, Japan; Date of birth: May 7, 1965 (age: 58). Education and career summary: March 1990 - Completed master's degree program at the Graduate School of Science and Technology, Keio University; April 1990 - Joined the Company; June 2001 - MBA, Kellogg School of Management, Northwestern University, United States; February 2013 - Director, Sun Chemical Corporation; January 2019 - General Manager, Functional Products Business Planning Department; January 2020 - Executive Officer; General Manager, Composite Material Products Division; January 2021 - Executive Officer; President, Functional Products Business Group; General Manager, Composite Material Products Division; January 2022 to present - Managing Executive Officer; President, Functional Products Business Group; General Manager, Composite Material Products Division. Name: Shuji Furuta; Place of birth: Nagasaki Prefecture, Japan; Date of birth: June 11, 1964 (age: 59).

Education and career summary: March 1987 - BBA, Department of Business Administration, College of Business Administration, Yokohama National University; April 1987 - Joined the Company; January 2016 - General Manager, Finance Department; January 2019 - Executive Officer; Head of Finance and Accounting Unit; January 2020 - Executive Officer; Head of Finance and Accounting Unit; CFO; March 2021 - Director; Executive Officer; Head of Finance and Accounting Unit; CFO; January 2022 -­ Director; Managing Executive Officer; Head of Finance and Accounting present - Unit; CFO.