Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

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26 March 2021

Daido Metal Co., Ltd.

Seigo Hanji

Chairman and Chief Executive Officer

(Code) 7425 TSE and NSE 1st Section

(for inquiry) Masaki Ikawa

Director and Senior Managing Executive Officer

Head of the Human Resources Planning Division

(TEL: +81‐568‐61‐2539)

Announcement of change in Representative Director

We hereby announce that we appoint the below changes to Representative Director as approved at the meeting of the Board of Directors held on 26th March 2021.

Any changes to Representative Directors will be formally approved at the General

Shareholders' Meeting to be held on 29th June 2021.

1.

Change of Representative Director

(New Appointment) Name: Motoyuki Miyo President and Chief Operating Officer

(Retiring) Name: Kotaro Kashiyama

Current position: President and Chief Operating Officer *scheduled to assume office as Senior Advisor

2. Career history of the candidate for newly appointed President and Chief Operating Officer

Name

Motoyuki Miyo

Date of birth

September 8, 1955

April 1979

Joined Fuji Bank Co., Ltd.

October 1998

Joint General Manager, London Branch

September 2000

General Manager, International Division

April 2002

Joint General Manager,

Mizuho Corporate Bank, Singapore Branch

March 2007

General Manager, International Coordination Div.

September 2008

Joined the Company

October 2008

Deputy General Director, Daido Metal Russia LLC

July 2011

Executive Officer

Deputy General Director, Daido Metal Russia LLC

July 2015

Senior Executive Officer

Deputy General Director, Daido Metal Russia LLC

July 2018

Managing Executive Officer

Deputy General Director, Daido Metal Russia LLC

April 2019

Managing Executive Officer

Head of Corporate & Financial Planning Div.

June 2019

Director and Managing Executive Officer Head of Corporate & Financial Planning Div. (to the present)

3. Scheduled Date of Appointment 29th June 2021

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Disclaimer

Daido Metal Co. Ltd. published this content on 26 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 March 2021 07:02:01 UTC.