Tokuyama Corporation announced that regarding members of the Special Committee established under the provisions of "Policy regarding Large-scale Purchases of Tokuyama Corporation's Company Shares (Anti-Takeover Measures)" (hereinafter the "Policy"), of which renewal was approved at the Company's 154th general meeting of shareholders held on June 22, 2018, one of the members, Mr. Junya Sato, passed away on January 29, 2020 and retired from the Special Committee on the same date. Along with this, the Company made a resolution to appoint a new member of the Special Committee. Mr. Junya Sato passed away on January 29, 2020 and retired from the Special Committee on the same date. As a result, the number of the Special Committee members becomes two, which is not complied with the Policy which stipulates that the Special Committee shall comprise at least three members. To fill the vacancy, Mr. Michiya Iwasaki has been appointed at the new member of the Special Committee. Date of appointment is February 12, 2020. Following the appointment, Special Committee will consist of three members which include Mr. Michiya Iwasaki, Mr. Shin Kato and Mr. Yuzo Kawamori, who are directors and Audit & Supervisory Committee members of the Company.