2017/02/09 Notice Concerning Changes of Representative Directors

Nagaoka International Corporation (hereinafter referred to as "Nagaoka") hereby announces the following changes of Representative Directors resolved in the meeting of board of directors held on February 9, 2017.


1. Reason of Changes
To take responsibility for two consecutive years of deficit, Hitoshi Mimura resigned from the position of president & CEO

2. Changes of Representative Directors
Name          New Title          Former Title
Yasuhisa Umezu     President & CEO      Outside Director
Hitoshi Mimura      Chairman          President & CEO

3. Brief Curriculum Vitae of New President & CEO
Name          Yasuhisa Umezu
Date of Birth       June 30, 1961
Career Summary
April 1984        Joined ITOCHU Corporation
November 2000      Joined Japan Asia Investment Co., Ltd. (JAIC)
March 2001        Appointed to President & COO, JAIC America, Inc
April 2009        Established Maestro Partners LLP (Currently Maestro Partners Inc.)
            President & CEO
September 2011     Appointed to Outside Director, Nagaoka International Corporation
Number of Share Held   0 share

4. Date of Changes   February 9, 2017

5. Others
Due to the changes, the position of outside director is vacant for the moment. A new outside director will be elected in the next shareholders meeting.