Tenox Corporation announced that the board of directors has resolved at a meeting held on March 15, 2024, to change the president as follows: Reason for the change: to change the management structure following the resignation due to the expiration of term of office. The new and the former President name and positions: (New) Name: Sunao Wakao; New position: President. (Former) Name: Masayuki Sato.

Former position: President. Brief personal history of the new President: Date of birth is April 11, 1959. Career summary: Oct.

2021 - Joined the Company, Executive Officer and Sales Deputy General Manager. Mar. 2022 - Executive Officer, Sales Deputy General Manager and Tohoku Sales Office Manager.

Apr. 2022 - Executive Officer, Sales General Manager, Civil Engineering Sales Manager and Chushikoku Sales Office Manager. June 2022 - Director, Executive Officer, Sales General Manager, Civil Engineering Sales Manager and Chushikoku Sales Office Manager.

Apr. 2023 - Director, Executive Officer and Sales General Manager (current position). The expected date of appointment: The company's Board of Directors is scheduled to make a formal decision at the Company's 54th Annual General Meeting of Shareholders scheduled to be held in late June 2024 and at the Board of Directors meeting to be held after the conclusion of the said meeting.