伊藤ハム米久ホールディングス（2296） – [Delayed]Notice Regarding Changes in Organaization, Representative Director, Directors and Executive Officers

January 21, 2022 ITOHAM YONEKYU HOLDINGS INC. President and Chief Executive officer: Isao Miyashita (Tokyo Stock Exchange Securities Code: 2296) Contact: Kenji Uchiyama, Investor Relations Section, Corporate Strategy Planning Office Tel: +81-3-5723-6885 Notice Regarding Changes in Organization, Representative Director, Directors and Executive OfficersITOHAM YONEKYU HOLDINGS INC. (the Company) hereby announces that the Board of Directors has resolved at a meeting held today to make the following changes in the organization, representative director, and directors and executive officers. The details are as follows. 1. Organizational ChangesAs part of the priority policies in the Medium-term Management Plan 2023, which include “StrengtheningManagement Base,” “Initiatives for New Businesses and Markets,” and “Initiatives for Sustainability,” theentire group will be reorganized into a more efficient and competitive organization organized by function tomaximize the effects of the integration and promote sustainability management.Effective April 1, 2022 (1) Establishment of Processed Foods DivisionIn order to enable flexible management decisions to be made on a business strategy segment basis,the Company will integrate the headquarters functions of the processed food business of ItohamFoods Inc., and Yonekyu Corp., to establish a new “Processed Foods Division,” and “BusinessStrategy Division.,” “Sales Division” and “Production Division” will be newly established under itscontrol.(2) Establishment of Administration DivisionTo strengthen the collaboration of corporate function and enhance the management and supportsystem from the perspective of optimizing the Group as a whole, the Company will newly establish the“Administration Division” and reorganize the “Accounting & Finance Department,” “General AffairsDepartment,” “Human Resources Department,” “Legal & Compliance Department,” and “ITManagement Office” to be under its control.(3) Establishment of Sustainability Management OfficeIn order to establish a system to promote sustainability management throughout the Group and tofulfill our social responsibilities through our business, the Company will newly establish the“Sustainability Management Office” under the Administration Division.(4) Establishment of New Business Development OfficeTo strengthen the Group’s efforts in new areas of growth and establish a system to promote newbusinesses, the Company will establish the “New Business Development Office” under the control ofthe CEO Office.1(5) Establishment of Public & Investor Relations Office To enhance communication with stakeholders and improve corporate value, the Company will establish the “Public & Investor Relations Office” under the President’s Office, and reorganize the “Public Relations Section” and “Investor Relations Section” into an organization under the control of the “Public & Investor Relations Office”. Late June 2022 (Subject to resolution at the Ordinary General Meeting of Shareholders of ITOHAM YONEKYU HOLDINGS INC.) 2. Resignation of Representative Director Name Ikurou Shibayama – New Current Executive Vice President In charge of Group Processed Foods Business In charge of Quality Assurance Chief Executive Officer, Itoham Foods Inc. Director, Yonekyu Corp. *He is scheduled to retire from all positions and titles other than Executive Vice President of ITOHAM YONEKYU HOLDINGS INC. on April 1, 2022. 3. Selection of Candidates for New Directors Late June 2022 (Subject to resolution at the Ordinary General Meeting of Shareholders of ITOHAM YONEKYU HOLDINGS INC.) Name Koichi Ito New Director Managing Executive Officer Chief Operating Officer, Processed Foods Business Div. Chief Executive Officer, Itoham Foods Inc. Director, Yonekyu Corp. Current Senior Executive Officer Director, Deputy Chief Operating Officer, Processed Foods Div., and Senior General Manager, Business Strategy Div., Itoham Foods Inc. *He is scheduled to assume all positions and titles other than Director of ITOHAM YONEKYU HOLDINGS INC. on April 1, 2022. Name and Brief Profile of Candidate for New Director Name (Date of Birth) Career background Koichi Ito (March 16, 1975) Itoham Foods Inc. Sales, Processed Foods Div., Itoham Foods Inc. Joined Itoham Foods Inc. Executive Officer, Itoham Foods Inc. April, 1997: July 2006: March 2009: Executive Officer and Deputy Chief Operating Officer, Meat Div., June 2010: Director, Itoham Foods Inc. March 2013: Director Executive Officer, Senior General Manager-Food Service April 2016: Boardmember, ANZCO FOODS LTD. April 2018: Senior Executive Officer, ITOHAM YONEKYU HOLDINGS INC. March 2019: Executive Director and General Manager, Corporate Strategy April 2020: Director and Chief Operating Officer, Meat Div., Itoham Foods Inc. April 2021: Director, Deputy Chief Operating Officer, Processed Foods Div., and Senior General Manager, Business Strategy Div., Itoham Foods Inc.(Current) Planning Office, Yonekyu Corp. (Current) 24. Appointment and Promotion of Executive Officers, and Changes in the Scope of Responsibilities and Duties of Directors and Executive Officers Effective April 1, 2022 Name Katsuhiro Ito New Current Director Managing Executive Officer Chief Financial Officer In charge of Compliance Senior Managing Director, Itoham Foods Inc. Director, Yonekyu Corp. Director Managing Executive Officer Chief Operating Officer, Meat Business Div. Executive Director, Itoham Foods Inc. Director, Yonekyu Corp. Managing Executive Officer Deputy Senior General Manager, Processed Foods Business Div. Executive Director, Itoham Foods Inc. Senior Executive Officer General Manager, CEO Office and General Manager, Corporate Strategy Planning Office In charge of Group Logistics Senior Executive Officer Asian Best Chicken Co.,Ltd (temporary transfer) Senior Executive Officer Senior General Manager-Production Div., Processed Foods Business Div. In charge of Purchasing Dept. In charge of Central Research Institute Senior Executive Officer Senior General Manager-Sales Div., Processed Foods Business Div. Chief Executive Officer, Itoham Sales Inc. Executive Officer Senior General Manager-Business Strategy Div., Processed Foods Business Div. Takamasa Wakaki Masayuki Yoneda Takeshi Koyama Tsuyoshi Fukunishi Yoshiyuki Ishimatsu Tomoyuki Ushimaru Kouki Haruna Katsumi Nozawa Akira Maeda Executive Officer Deputy Senior General Manager, Administrative Div, and General Manager, PMI Office Executive Officer (new) General Manager, Accounting & Finance Dept., Administration Div. Director Managing Executive Officer In charge of Corporate (Accounting & Finance / General Affairs / Human Resource Dept.) In charge of Compliance Senior Managing Director, Chief Financial Officer, Itoham Foods Inc. Director Senior Executive Officer Group Meats Business Chief Operating Officer, Meats Div. Executive Director, Chief Operating Officer, Meat Div., Itoham Foods Inc. Senior Executive Officer Executive Director, Chief Operating Officer, Processed Foods Div., Itoham Foods Inc. Senior Executive Officer General Manager, CEO Office and General Manager, Corporate Strategy Planning Office In charge of Group Logistics General Manager, ABC Business Promotion Office Senior Executive Officer Executive Director, Yonekyu Corp. Senior General Manager-Production Senior Executive Officer Chief Group Production Officer Purchasing Dept. Senior General Manager-Production, Processed Foods Div., Itoham Foods Inc. Senior Executive Officer Senior General Manager-Sales Div., Processed Foods Div., Itoham Foods Inc. Chief Executive Officer, Itoham Sales Inc. Executive Officer Deputy General Manager-Business Strategy Div., Processed Foods Div. and General Manager, Marketing Dept., Itoham Foods Inc. Executive Officer General Manager, PMI Office Executive Director, Yonekyu Corp. Chief Financial Officer General Manager, Accounting & Finance Dept. 3 Name Hiroyuki Tamai Executive Officer New Current General Manager, New Business Development Office Hirohiko Yoshino Executive Officer Senior General Manager-Imported Meat, Meat Business Div. Takuya Hashimoto Executive Officer General Manager, IT Management Office, Administration Div. 5. Resignation of Executive Officers Effective March 31, 2022 Name New Masaaki Sone Advisor, Production Div. (*1) Ryuji Otsuki Chief Executive Officer, Itoham Meat Sales East Inc.(*2) Hidetoshi Noguchi Chief Executive Officer, Yonekyu Delica Foods Corp. Executive Officer General Manager, Processed Food Business Dept.,Yonekyu Corp. / General Manager, Marketing Unit and Manager, Sales Promotion Section Executive Officer Deputy Senior General Manager-Imported Meat, Meat Div. General Manager, Meat Business Dept., Yonekyu Corp. Executive Officer General Manager, IT Management Office and Manager, MIRAIKIBAN Section Current Senior Executive Officer Chief Group R&D Officer In charge of Central Research Institute Executive Officer Senior General Manager-Imported Meat, Meat Business Div. Executive Officer Chief Executive Officer, Yonekyu Delica Foods Corp. *1 The Advisor is scheduled to take office on April 1, 2022. *2 Chief Executive Officer of Itoham Meat Sales East Inc. is scheduled to take office on April 1, 2022. 4(Reference）New Organization Chart （Effective April 1, 2022）GeneralshareholdersmeetingBoard ofDirectorsNominationAdvisoryCommitteeCompensationAdvisoryCommitteeGovernanceCommitteeComplianceCommitteeSustainabilityCommitteeAudit OfficeCrisisManagementOfficePresidentCEO OfficeCorporate Strategy Planning OfficePMI OfficeNew Business Development OfficePublic & Investor Relations OfficeIn charge ofCentralResearchIn charge ofPurchasingDept.In charge ofGroup LogisticsAdministrationDiv.Meat BusinessDiv.ProcessedFoods BusinessDiv.Imported MeatDiv.Domestic MeatDiv.Meat Process &Farm Div.Sales Div.Production Div.BusinessStrategy Div.QualityAssuranceDept.CentralResearchInstituteCentralResearchInstituteLogistics Dept.Accounting &Finance Dept.BusinessStrategy Dept.Imported BeefDept.ProcessedMeat Dept.Domestic BeefDept.Imported PorkDept.ImportedPoultry Dept.Trading Dept.Domestic PorkDept.DomesticPoultry Dept.DomesticPoultry Dept.Domestic MeatProcess &Farm Dept.SalesManagementDept.OverseasBusiness Dept.SalesPromotionDept.BusinessPlanning Dept.ProductionPlanning Dept.Marketing Dept.ProductDevelopmentDept.Quality ControlDept.TechnicalCenterProductionManagementDept.ProductionMaterial Dept.Audit &SupervisoryBoardInvestment andLoanCommitteeGroupExecutiveCommitteeCrisisManagementCommitteeGeneral AffairsDeptSustainabilityManagementSect.HumanResource Dept.Legal &ComplianceDept.Logistics Dept.IT ManagementOffice5