Takamiya : Notice regarding transition to a Company with Audit and Supervisory Committee and Change of directors

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of

any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Press release on April 22, 2022

Takamiya Co., Ltd.

Representative Director, President and Chairman: Mr. Kazumasa Takamiya Listed on: Tokyo Stock Exchange Prime Market

Stock code: 2445

Notice regarding transition to a Company with Audit and Supervisory Committee and

Change of directors

We are pleased to announce that at Directors Meeting held today, we have decided to move from the current company with a board of company auditors to a company with audit and supervisory committee, subject to approval at the 54th Ordinary General Meeting of Shareholders scheduled to be held on June 23, 2022. In addition, we have announced the change of directors after the transition to a Company with Audit and Supervisory Committee, as follows.

1. Transition to a company with audit and supervisory committee (1) The purpose of the transition

We have positioned the enhancement and strengthening of corporate governance as an important management issue and have been making continuous efforts. The audit and supervisory committee, which is composed of a majority of members from outside directors, is responsible for auditing and supervising the legality and adequacy of business execution, thereby strengthening the supervisory function of the Board of Directors and realizing highly transparent management. We will shift to a Company with Audit and Supervisory Committee with the aim of building a system that can better meet the expectations of domestic and overseas stakeholders.

(2) Timing of transition

At the 54th Ordinary General Meeting of Shareholders scheduled to be held on June 23, 2022, we will approve the amendments to the Articles of Incorporation necessary for the transition, and we plan to transition to a Company with Audit and Supervisory Committee.

(3) Others

We will inform you of the contents and other details of the amendment to the Articles of Incorporation as soon as it is decided. The candidates for directors (excluding directors who are audit and supervisory committee members) and director candidates who are audit and supervisory committee members due to the transition to a Company with Audit and Supervisory Committee are as follows.

2. Appointment of Directors after the transition to a Company with Audit and Supervisory Committee (1) Candidate for directors (Excluding directors who are audit and supervisory committee members)

(Scheduled to be submitted to the 54th Ordinary General Meeting of Shareholders scheduled to be held on June 23, 2022)

(2) Candidates for Directors who is an audit and supervisory committee member

(Scheduled to be submitted to the 54th Ordinary General Meeting of Shareholders scheduled to be held on June 23, 2022)

(3) Names and biographies of new Directors candidates

(Reason for appointment)

This is because Kazunori Kawakami has held the above-mentioned important positions, has abundant experience and high knowledge in the sales department, and has determined that he has sufficient qualities for the realization of the Company's Medium-Term Management Plan.

This is because Sachie Kato has a wealth of experience and deep insight in the legal profession and is highly knowledgeable in corporate management and corporate compliance, including participation in the management of three listed companies. We also believe that Sachie Kato will contribute to the promotion of diversity as our first female director.

The appointment of Kawakami and Kato will be officially decided at the 54th Ordinary General Meeting of Shareholders of the Company scheduled to be held on June 23, 2022.