kito global

Investor Relations

Outside Directors. Corporate Auditors

Active Appointment of “Professionals” of high expertise as outside officers for decisionmaking utilizing external
viewpoints and enhancement of supervision of management

Reason for Election of Outside Directors

Name Independent
Officer
Reason for Election/State of Major Posts Held Concurrently
Katsumi Nakamura [Reason for Election]
Mr. Katsumi Nakamura has many years of experience as an executive and technician in the automobile industry, which is one of Japan’s core industries. His abundant business management knowledge and manufacturing experience is very beneficial for the Company as we aim for further growth. For this reason, as well as to ensure fair and objective decision-making and oversight, he is elected for another term.

[State of Major Posts Held Concurrently]
Kansai Airports/Outside Director (Member of the Audit and Supervisory Committee)
The Black Stone Group L.P./Senior Advisor

[Attendance at board meetings April 2019 to March 2020]
12 out of 12 meetings
Takashi Hirai [Reason for Election]
Mr. Takashi Hirai has many years of experience working as a consultant in a consulting firm operating internationally and experience as an executive in business companies in Japan and the United States, in addition to experience in development of global human resources at a graduate school of corporate management. He is elected for another term as his experience is deemed necessary for the formulation and implementation of the Company’s corporate strategies, in addition to fair and objective decision-making and oversight.

[State of Major Posts Held Concurrently]
University of Tsukuba/Professor of Graduate School of Business Sciences, MBA Program in International Business
Waseda University/Visiting Professor of Graduate School of Business and Finance
MITSUI-SOKO HOLDINGS Co., Ltd./Outside Director

[Attendance at board meetings April 2019 to March 2020]
12 out of 12 meetings
Koji Osawa [Reason for Election]
Mr. Koji Osawa, after working at a general trading company, was engaged in venture capital fund management for many years in Silicon Valley. In addition to knowledge related to discovering and developing new businesses, he is deeply knowledgeable with regard to cutting-edge technologies such as IoT, and, as a fund manager, is able to objectively evaluate and oversee businesses. He is elected for another term as his experience is deemed necessary for the Company’s development.

[State of Major Posts Held Concurrently]
Global Catalyst Partners L.P./Managing Principal & Co-Founder
Global Catalyst Partners Japan/Managing Director & Co-Founder

[Attendance at board meetings June 2019 to March 2020]
10 out of 10 meetings

Reasons for Election of Outside Corporate Auditors

Name Independent
Officer
Reason for Election/State of Major Posts Held Concurrently
Kiyohito Hamada [Reason for Election]
As a certified public accountant familiar with finance, M&A, accounting and taxation, Mr. Kiyohito Hamada has sufficient insight to govern corporate management, and we believe that he can conduct management monitoring independently and objectively.

[State of Major Posts Held Concurrently]
Yotsuba-sogo Accounting Office/Partner
Medical Data Vision Co., Ltd. /Outside Corporate Auditor
Valuence Holdings Inc. /Director(Audit & Supervisory Committee Member)
Convano Inc. /Outside Director
Nice Corporation /Outside Director

[Attendance at board meetings April 2019 to March 2020]
12 out of 12 meetings
[Attendance at Board of Corporate Auditors' meetings April 2019 to March 2020]
14 out of 14 meetings
Eiko Hakoda   [Reason for Election]
Ms. Eiko Hakoda is a partner in the Mori, Hamada & Matsumoto law firm, familiar with corporate legal affairs, and we believe that she can independently and objectively monitor management.

[State of Major Posts Held Concurrently]
Mori Hamada & Matsumoto/LPC Partner

[Attendance at board meetings June 2019 to March 2020]
10 out of 10 meetings
[Attendance at Board of Corporate Auditors' meetings June 2019 to March 2020]
9 out of 9 meetings

(as of June 23, 2020)