Daido Metal : Appointment of Directors and Executive Officers

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)

Appointment of Directors and Executive Officers

We hereby announce that we appoint the below changes to Directors and Executive Officers as approved at the meeting of the Board of Directors held on 26th March 2021. Any changes to Directors will be formally approved at the General Shareholders' Meeting to be held on

29th June 2021.

1. Directors and Audit & Supervisory Board Members to be approved at the General

Shareholders' Meeting on 29th June 2021.

Chairman and Chief Executive Officer	Seigo Hanji
President and Chief Operating Officer	Motoyuki Miyo	(Promoted)
Director and Managing Executive Officer	Yoshiaki Sato
Director and Managing Executive Officer	Shigemasa Hakakoshi	(New Appointment)
Outside Director	Toshikazu Takei
Outside Director	Kiyotaka Hoshinaga
Full‐time Audit & Supervisory Board Member	Masaaki Tamaya
Outside Audit & Supervisory Board Member	Kuniko Tanabe
Outside Audit & Supervisory Board Member	Kazuo Matsuda

2. Appointment of Executive Officers (effective 1st July 2021) (1) Managing Executive Officers

Head of the Technology Div. Head of Inuyama Site	Yoshiaki Sato
Head of Human Resources Planning Div.	Shigemasa Hakakoshi	(Promoted)
President of Daido Plain Bearings Co., Ltd.	Tomomitsu Furukawa	(Promoted)
Head of No. 5 Company	Nobutaka Hiramatsu	(Promoted)

• (2) Senior Executive Officers

  Head of No. 2 Company

  General Manager of the Low Speed Diesel Engine Bearings Dept.

  Deputy Head of the Technology Div. Managing Director of Daido Metal Europe Limited (UK)

  Managing Director of Daido Metal Europe GmbH (Germany)

  President of ATA Casting Technology Co., Ltd. (Thailand)

  President of DM Casting Technology (Thailand) Co., Ltd.

• (3) Executive Officers

  General Manager of ICT Dept., BPR & ICT Div. President of PT. Daido Metal Indonesia Head of No. 3 Company

  President of Dyna Metal Co., Ltd. (Thailand) President of Daido Precision Metal (Suzhou) Co., Ltd.

  Head of No. 4 Company

  Finance Director of Daido Metal Europe Limited (UK)

  Finance Director of Daido Metal Europe GmbH (Germany)

  Head of Finance Planning Div. Head of Compliance Div. Head of No. 1 Company

  President of Daido Metal Mexico, S.A. de C.V. President of Daido Metal Mexico Sales, S.A. de C.V.

  Director of Iino Manufacturing Co., Ltd. Head of Corporate Planning Div.

  Shingo AsaiArihiro Yoshida Kenji ShodaMakoto KawaseHisashi Kojima Akira Watanabe Atsushi Hayashi Masahiro Nakano Shizuo TatsukiYoshifumi Asano Toshikazu IchihashiNaoki Kurita Hiroki Ito Yukihiko Kagohara Chikara KawaharaTeruhiko Ochiai Hiroki Iwakura

• (4) Fellow and Expert (Same rank as Executive Officers)

(Promoted)

(Promoted)

(New Appointment) (New Appointment)

(New Appointment) (New Appointment)

Technology Div. Fellow General Manager of the Tribology Research Dept.	Takeshi Katagiri
No. 5 Company Expert	Tim Allen

3. Re-appointment of Senior Advisor and Advisor

(effective 29th June 2021)

(1) Senior Advisor

Kotaro Kashiyama

(2) Advisor

Toshiyuki Sasaki Masaki Ikawa

Note:

No. 1 Company: Thinwall Bearings & Turbo Charger Bearings Division No.2 Company: Marine & Industrial Bearings Division

No.3 Company: Polymer Bearings Division

No.4 Company: High Performance Bearings and Equipment Div. No.5 Company: Turbo Machinery Bearing Systems Div.

BPR: Business Process Re-engineering

ICT: Information Communication Technology

Attachment

Career history of new candidate for Director

Name	Shigemasa Hakakoshi
Date of birth	April 11, 1961
April 2019	April 1986	Joined the Company
April 2011	Head of Bi-metal Div.
April 2015	Head of No. 3 Company
July 2016	Executive Officer Head of No. 3 Company
April 2017	Executive Officer President of Daido Metal Saga Co., Ltd.
April 2019	Executive Officer President of Dyna Metal Co., Ltd. (Thailand)
July 2019	Senior Executive Officer President of Dyna Metal Co., Ltd. (Thailand) (to the present)