Magnescale Co., Ltd. hereby notifies you that we held the meeting of the Board of Directors on Thursday, December 22, 2022, and the following reorganization and executive appointments were decided

1. Reason for Change
    Strengthening of Management System for ongoing business enhancement

2. Change of Representative Director

Name	New Position	Current Position
Osamu Ono	President and Representative Director	Vice President and Director

3. Change of Directors

Name	New Position	Current Position
(Promoted) Hideaki Tamiya	Managing Director	Director
(Newly appointed) Hisashi Mitsuda	Director	Executive Officer

4. Retiring Directors

Name	New Position	Current Position
Toru Fujimori	Advisor	President and Representative Director
Kazuo Kawauchi	Senior Executive Fellow	Senior Managing Director
Kayoko Taniguchi	Senior Executive Fellow	Senior Managing Director

5. New structure and responsibilities of board members and executive officers

Name	Position	Responsibilities and other Corporate Representative, etc.
Masahiko Mori	Chairman of the board and Representative Director	Overall management, Representative Director of DMG MORI CO., LTD.
Osamu Ono	President and Representative Director	Overall management, Executive Officer of DMG MORI CO., LTD.
Chikara Ito	Managing Director	In charge of Operation Control Division, Quality Division
Hideaki Tamiya	Managing Director	In charge of Laserscale Division, Research and Development Division
Yoshiki Fujii	Director	In charge of Sales and Marketing Division
Hisashi Mitsuda	Director	In charge of Magnescale Division
Hirotake Kobayashi	Director	Vice President and Representative Director of DMG MORI CO., LTD.
Yukitoshi Saito	Full-time Auditor	Full-time Auditor
Masaki Morioka	Auditor	Outside of the Company Auditor

6. Scheduled date of appointment
    January 1, 2023

Enc.