Tosei : Notice Regarding Nomination of Candidates for Directors

Note: This English document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translation and the Japanese original, the Japanese original shall prevail.

Tosei Corporation assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from the translation.

[Translation]

January 25, 2022

To Whom It May Concern

Tosei Corporation

President and CEO: Seiichiro Yamaguchi

Securities code: 8923 (Tokyo Stock Exchange, First Section)

Securities code: S2D (Singapore Exchange, Main Board)

Contact: Noboru Hirano, Director and CFO

TEL: [phone]

Notice Regarding Nomination of Candidates for Directors

Tosei Corporation (the "Company") hereby announced that it has resolved at the Board of Director meeting held on January 25, 2022, to submit a proposal regarding the Nomination of Candidates for Directors to the 72th Ordinary General Meeting of Shareholders scheduled on February 25, 2022.

1. Candidates for Directors

Name	Current positions and areas of responsibility in the Company	Reappointment
or
		New appointment
Seiichiro Yamaguchi	President and CEO	Reappointment
	CFO
Noboru Hirano	Senior Executive Officer of Administrative Division	Reappointment
	In charge of Human Resource Department
	Director
Hideki Nakanishi	Senior Executive Officer of Business Division	Reappointment
In charge of Asset Solution Department 4 and Asset Solution
	Business Promotion Department
	Director
Masaaki Watanabe	Managing Executive Officer	Reappointment
Deputy Chief of Business Division
	In charge of Asset Solution Department 5
	Director
Shunsuke Yamaguchi	Executive Officer	Reappointment
	In charge of Finance Department and General Affairs Department
	Director
Hitoshi Oshima	Executive Officer	Reappointment
	In charge of Asset Solution Department 1 and Crowd Funding Department
Kenichi Shohtoku	Outside Director	Reappointment
Hiroyuki Kobayashi	Outside Director	Reappointment
Masao Yamanaka	Outside Director	Reappointment

(Notes) Kenichi Shohtoku, Hiroyuki Kobayashi and Masao Yamanaka are candidates for Outside Directors.

End

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