Notice Concerning Management Changes

Honda Trading Corporation (the “Company”) hereby announced that the Board of Directors meeting held on February 14, 2020, has decided on changes in its Composition of Directors and Operating Officers as of April 1.

Planned Changes in composition of Dirctors and Operating Officers (as of April 1, 2020)

1)　Directors and Operating Officers to Change Titles

Underline is the point of change

*Director(part-time)
**External Audit & Supervisory Board Member

＞Important Personnel Change as of April 1, 2020