POLA ORBIS HOLDINGS INC. announced that it has resolved, at the meeting of the Board of Directors held on November 30, 2022, on changes in Representative Directors and the appointments of a Chairman and President, effective January 1, 2023. Satoshi Suzuki: New position: Representative Director and Chairman. Current position: Representative Director and President.

Yoshikazu Yokote: New position: Representative Director and President. Current position: Director in charge of Group International Business General Manager of International Business Management Division. The incoming President, Yoshikazu Yokote, has served in several important positions, primarily as Representative Director and President of POLA INC., one of the Group's brands, and as overall manager of China operations, including setting up the local subsidiary in China, a growth business.

He possesses a high level of ability to develop a management strategy, abundant management experience, and the capacity to operate businesses to develop globally. The Group will shift to a new management structure with the current Representative Director and President, Satoshi Suzuki, assuming the office of Representative Director and Chairman. Under this new management structure, the incoming Chairman, Satoshi Suzuki, will continue to perform a central role in senior management, including continuing to chair meetings of the Board of Directors as a Representative Director.

He will support the new President and the Group's senior management and work in tandem with them to build a strong and resilient management structure. Brief Personal History of New Representative Director and President: Name: Yoshikazu Yokote. Birth: Born on September 10, 1967 (age 55) in Tokyo.

Education: Graduated from Faculty of Social Sciences, Hitotsubashi University. Career Summary: April, 1990: Joined POLA Cosmetics Inc. (currently POLA INC.) August, 2006: Representative Director and President, FUTURE LABO INC. July, 2011: Chairman, Managing Director, POLA CHINA BEAUTY CO. LTD. (POLA Shenyang) January, 2015:Corporate Officer, General Manager, Product Planning Division, POLA INC. January, 2016: Representative Director and President, POLA INC. March, 2016: Director, POLA ORBIS HOLDINGS INC. January, 2020:Director and General Manager of International Business Management, POLA ORBIS HOLDINGS INC. (current) January, 2021: Director and CEO, POLA ORBIS Travel Retail Limited (current).