The board of directors of Okura Holdings Limited announced that Mr. Takamasa KAWASAKI has resigned as an independent non-executive Director, the chairman of the audit committee and the remuneration committee, as well as a member of the nomination committee of the Company with effect from 19 October 2018 to focus on his other business ventures. Kawasaki has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company. Following the resignation of Mr. Kawasaki as an independent non-executive Director, the Board announced that Mr. Kazuyuki YOSHIDA has been appointed as an independent non-executive Director, the chairman of the audit committee and the remuneration committee, as well as a member of the nomination committee of the Company with effect from 19 October 2018. Mr. Yoshida is the chief executive officer of Yoshida Certified Public Accountant and Tax Accountant Office. He has been an auditor at Omuta City Hospital. Mr. Yoshida has over 6 years of experience in accounting. Between August 2014 and March 2017, Mr. Yoshida was employed by Hinode Ltd.