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.