Notice Regarding Appointment of 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]

To whom it may concern

January 25, 2016

Tosei Corporation
Toranomon Tosei Building, 4-2-3 Toranomon, Minato-ku, Tokyo
President and CEO: Seiichiro Yamaguchi
Securities code: 8923 (Tokyo Stock Exchange, First Section)
S2D (Singapore Exchange, Mainboard)
Contact: Noboru Hirano, Director and CFO
TEL: +81-3-3435-2865

Notice Regarding Appointment of Directors

Tosei Corporation (the "Company") hereby announces that it has resolved at the Board of Director meeting held on January 25, 2016, to submit a proposal regarding the appointment of Directors to the 66th Ordinary General Meeting of Shareholders scheduled on February 25, 2016.

  1. 1.Reason for Appointment

    The term of all five members of the Board of Directors will expire upon the closing of the General Meeting of Shareholders scheduled on February 25, 2016. Accordingly, the Company will appoint the following candidates as its Directors.

     
  2. 2.Profile of New Directors
    Name
    (Date of birth)
    Career summary and position and areas of responsibility in the Company
    (Important concurrent positions outside the Company)
    Seiichiro Yamaguchi
    (Jan. 5, 1961)
    Apr. 1983
    Apr. 1986
    Aug. 1990
    Jun. 1994
     
    Dec. 1995
     
    Jul. 2004
    Entered Mitsui Real Estate Sales Co., Ltd.
    Entered Tosei-Shoji Corporation
    Director of the Company
    President and Representative Director of the Company (current position)
    Representative Director of Palms Community Management Co.
    Ltd. (the predecessor of Tosei Community Co., Ltd.)
    President and CEO of the Company (current position)
    Katsuhito Kosuge
    (Jul. 17, 1960)
    Apr. 1983
    Apr. 1986
    Jan. 1996
    Dec. 2000
    Jul. 2004
    Sep. 2005
    Feb. 2006
     
    Oct. 2007
    Apr. 2008
    Feb. 2012
    Entered Tokyu Construction Co., Ltd.
    Entered Tosei-Shoji Corporation
    Director of the Company
    Managing Director of the Company
    Managing Executive Officer of the Company
    Representative Director of Tosei Revival Investment Co., Ltd.
    COO and Senior Executive Officer of Business Division of the
    Company (current position)
    Representative Director of Tosei Asset Management, Corp.
    Director of Tosei Asset Advisors, Inc.
    Director of Tosei Asset Advisors, Inc. (current position)
    Noboru Hirano
    (Oct. 17, 1959)
    Apr. 1982
    Apr. 1991
    May 1995
    Mar. 2001
     
    Oct. 2002
    Jul. 2004
    Mar. 2005
    Apr. 2005
    Sep. 2005
    Feb. 2006
     
    Dec. 2007
    Jan. 2013
     
    Feb. 2013
    Entered Kokubu & Co., Ltd.
    Entered Tosei-Shoji Corporation
    Director of Tosei-Shoji Corporation
    General Manager of Finance and Accounting Department
    of the Company
    Managing Director of the Company
    Managing Executive Officer of the Company
    Statutory Auditor of Tosei Revival Investment Co., Ltd.
    Statutory Auditor of Tosei Community Co., Ltd.
    Representative Director of Tosei REIT Advisors, Inc.
    CFO and Senior Executive Officer of Administrative Division
    of the Company (current position)
    Representative Director of Tosei Revival Investment Co., Ltd.
    Director of Tosei Revival Investment Co., Ltd. (current
    position)
    Director of Tosei Community Co., Ltd. (current position)
    Goro Kamino
    (Aug. 29, 1960)
    Apr. 1983
     
    Aug. 1990
    May 1995
     
    Dec. 1995
    Aug. 2000
    May 2002
     
    Jun. 2002
    Jan. 2004
    Mar. 2006
    Feb. 2007
    Feb. 2007
    Oct. 2009
    Mar. 2012
     
    Jun. 2012
     
    Jun. 2014
    Entered Mitsui Trust and Banking Company, Limited
    (the predecessor of Sumitomo Mitsui Trust Bank, Limited)
    Entered Chubu Gas Co., Ltd.
    Entered Gastec Service, Inc. and appointed as Corporate
    Planning Department Chief
    Director of Toyohashi Cable Network Inc. (current position)
    President CEO of Gastec Service, Inc. (current position)
    President and representative director of Sala Corporation
    (current position)
    Director of System Location Co., Ltd.
    Director of Sala House Co., Ltd. (current position)
    Representative Director of Chubu Gas Co., Ltd.
    Chairperson of Sala Cars Japan Co., Ltd. (current position)
    Director of the Company (current position)
    Director of Japan Post Holdings Co., Ltd.
    President and Representative Director of Chubu Gas Co., Ltd.
    (current position)
    Director of Musashi Seimitsu Industry Co., Ltd. (current
    position)
    Director of Nippon Venture Capital Co., Ltd. (current position)
    Kenichi Shohtoku
    (Jan. 20, 1971)
    Oct. 1995
     
    Sep. 1999
    Sep. 2002
     
    Nov. 2003
     
     
    Sep. 2005
    Dec. 2010
    Feb. 2012
    Jan. 2013
     
    Entered Asahi & Co., Ltd. (the predecessor of KPMG AZSA LLC)
    Transferred to Arthur Andersen & Co., Kuala Lumpur Office
    Entered SCS Global Accounting Co., Ltd. (the predecessor
    of SCS Global Consulting (S) Pte Ltd)
    Representative Director of SCS Global Accounting Co., Ltd.
    (the predecessor of SCS Global Consulting (S) Pte Ltd)
    (current position)
    Director of O-RID GLOBAL BPO PTE. LTD.
    Statutory Auditor of ROKI TECHNO CO., LTD
    Director of the Company (current position)
    Statutory Auditor of ROKI GROUP HOLDINGS CO., LTD.
    (current position)

    Note: Goro Kamino and Kenichi Shohtoku are candidates for outside directors.

End