Tosei Corporation announced that its Audit & Supervisory Board Member Mr. Hiroshi Nishinakama retired due to expiry of his term of office at the conclusion of the 69th ordinary general meeting of shareholders held on February 27, 2019. He also retired from the position of member of the Independent Committee established under the Countermeasures to Large-Scale Acquisitions of Tosei Shares. The Company also announced that due to the above retirement, at its meeting held on February 27, 2019, the Board of Directors of the Company appointed Mr. Hiroyuki Kobayashi, who is an outside Director, as a member of the Independent Committee. Hiroyuki Kobayashi is an Executive Vice President of PRECIOUS SQARE Inc.