Oki Electric Industry Co., Ltd. announced that the Board of Directors made its recommendation for executive retirements at its meeting held on April 23, 2021, which will be submitted for approval at the Ordinary General Meeting of Shareholders to be held on June, 2021. Retiring director (Effective at the day of the Ordinary General Meeting of Shareholders to be held on June, 2021), Name: Hideichi Kawasaki, current Title: Director, Chairman of the Board. Retiring Audit & Supervisory Board Member (Effective at the day of the Ordinary General Meeting of Shareholders to be held on June, 2021), Name: Sei Yano, Current Title: Standing Audit & Supervisory Board Member.