On March 20, 2023, Shuhei Komatsu resigned as a director and chairman of AERWINS Technologies Inc. Mr. Komatsu previously served as the company’s chief executive officer and as the company’s director and chairman since February 3, 2023. 2023. Mr. Komatsu’s resignation is not the result of a disagreement with the Company on any matter related to the Company’s business, policies or practices. On March 22, 2023, the company’s board of directors appointed Daisuke Katano to the vacancy on its board created by Mr. Komatsu’s resignation as a director of the company and, on the same date, also appointed Mr. Katano as a director of the company. operations manager.

On March 22, 2023, the company’s Board of Directors appointed Marehiko Yamada as Chairman of the Board. Mr. Yamada was appointed as an independent director of the Company on February 3, 2023. On March 22, 2023, the Company’s Board of Directors also appointed Mike Sayama as Vice Chairman of the Board.

Sayama was appointed as an Independent Director of the Company on February 3, 2023. On March 22, 2023, the Company’s Board of Directors also appointed Kensuke Okabe as Company Secretary. Mr. Okabe was appointed as the company’s chief financial officer on February 3, 2023.

On March 22, 2023, the Company’s Board of Directors also appointed Mr. Yamada as Chairman of the Company’s Compensation Committee and appointed Dr. Sayama as Chairman of the Company’s Corporate Governance and Nominating Committee. Dr. Sayama was Chairman of the Company’s Compensation Committee from February 3, 2023 to March 22, 2023. Mr. Yamada was Chairman of the Company’s Nominating and Governance Committee from February 3, 2023 until March 22, 2023.

Mr. Ito, 46, has been Director of Global Markets – Investor Relations and a member of the Board of Directors of the Company’s wholly owned subsidiary, AERWINS Inc. since June 15, 2022. Mr. Ito he is also a member of the Board of Directors of AERWINS’ wholly owned subsidiary, ALI Technologies Inc. (“ALI”), since April 2022. From August 2008 to April 2022, Mr. Ito served as founder and CEO of Meta Capital.

From May 2002 to July 2008, Mr. Ito served as Vice President and then Head of Credit Suisse in Japan and the United States. From April 1999 to 2002, Mr. Ito was associated with Deutsche Bank in Tokyo. Mr. Ito has extensive experience in the financial field.

Mr. Ito has a bachelor’s degree in economics from Keio University, Japan. Mr. Ito has never held a director’s position in a reporting company. Mr. Katano, 38, has served as ALI’s CEO since March 2019.

Mr. Katano was also a member of the board of directors of AERWINS Inc. from June 15, 2022 to February 3, 2023. Mr. Katano was a member of the board of directors of ALI from March 2018 to March 2019 Mr. Katano was a member of the ASC Tech Agent Board of Directors from December 2019 to March 2022.

Mr. Katano was CEO of YCP International Ltd. in the UK from 2016 to 2018. Mr. Katano was CEO of YCP Japan from 2014 to 2017. Mr. Katano was a consultant at Boston Consulting Group in Japan from 2010 to 2014.

Mr. Katano was a Business Producer at Dream Incubator from 2007 to 2010. Mr. Katano has more than 10 years of business consulting experience and 5 years of experience in our group. Mr. Katano has a bachelor’s degree in engineering from the University of Tokyo, Japan.

Mr. Katano has never served as a director in a reporting firm.