メタウォーター（9551） – Prospective members of the Board and Election of Executive Officers

TRANSLATION – FOR REFERENCE ONLY March 30, 2022 Company METAWATER Co., Ltd. Representative Kenji Yamaguchi, President and Representative Director Contact Akira Kato, Director and Executive General Manager, (Securities code: 9551 First Section of Tokyo Stock Exchange) Corporate Strategy Planning Division (Tel: +81-3-6853-7317) Prospective members of the Board and Election of Executive Officers METAWATER Co., Ltd. hereby announces that at a meeting of the Board of Directors held on March 30, 2022, it was resolved to propose the following prospective members of the Board. The Company also adopted a resolution on the election of Executive Officers. The prospective members of the Board will be officially appointed following approval at the regular general shareholders’ meeting to be held on June 21, 2022 and at the ensuing Board of Directors’ Meeting. Prospective Members of the Board 1. Prospective Members of the Board Kenji Yamaguchi Noboru Okuda Masashi Sakai Michio Fujii Kaoru Aizawa Fumiko Kosao Tsuneo Tanai *1*2 *1*2 *1*2 (Reappointment) (Reappointment) (Newly elected) (Newly elected) (Reappointment) (Reappointment) (Reappointment) *1 Candidate for Outside Director *2 Independent Director 2. Prospective New Members of the Board Name (Currently President and Representative Director) (Currently Director) (Currently Senior Executive Officer) (Currently Executive Officer) (Currently Outside Director) (Currently Outside Director) (Currently Outside Director) Masashi Sakai (Born on December 20, 1961) Michio Fujii (Born on December 14, 1965) March 1985 April 2008 April 2013 April 2014 July 2015 April 2016 April 2020 April 1990 April 2008 April 2010 April 2012 Business Career Joined NGK Insulators, Ltd. Deputy Executive General Manager, Sales & Marketing Division General Manager, PPP Division Deputy Executive General Manager, Service Solution Division Executive Officer, Service Solution Division General Manager, PPP Division Executive Officer and Executive General Manager, PPP Division Senior Executive Officer and Executive General Manager, PPP Division (To present) Joined Fuji Electric Co., Ltd. Deputy General Manager, Personnel & General Affairs Department, Administration Division General Manager, Personnel & General Affairs Department, Administration Division Deputy General Manager, Corporate Strategy Planning 1 July 2012 April 2016 July 2016 Office, Corporate Strategy Planning Division General Manager, HR & General Affairs Planning Office, Corporate Strategy Planning Division Executive Officer and General Manager, HR & General Affairs Planning Office, Corporate Strategy Planning Division Executive Officer and Deputy Executive General Manager, Corporate Strategy Planning Division (To present) General Manager, HR & General Affairs Planning Office, Corporate Strategy Planning Division (To present) 3. Directors Scheduled to Retire Yasushi Nakamura Akira Kato (Currently Chairman and Representative Director) (Currently Director) 4. Prospective Candidate for Outside Audit & Supervisory Board Members Name Business Career Masami Kusunoki (Born on January 22, 1962) October 1988 August 1994 March 2004 June 2007 April 2009 Joined Tohmatsu Aoki & Sanwa (currently Deloitte Touche Tohmatsu LLC) Registered as Certified Public Accountant Assistant to Head of Tokyo SME Business Rehabilitation Support Co-operative, Tokyo Chamber of Commerce and Industry Head of SME Business Rehabilitation Support National Headquarters, SME Support Japan CPA Kusunoki Accounting Office (To present) 5. Audit & Supervisory Board Members Scheduled to Retire Kimihiko Uemura Kazuo Takimoto (Currently Outside Audit & Supervisory Board Member) (Currently Outside Audit & Supervisory Board Member) Election of Executive Officers 1. Election of Executive Officers (effective April 1, 2022) Name New Title Current Title Yasushi Nakamura (Reappointment) Chairman & Executive Officer Kenji Yamaguchi (Reappointment) President and Chief Executive Officer Akira Kato (Reappointment) Deputy President and Executive Officer Noboru Okuda (Promotion) Senior Executive Officer Senior Executive Officer Masashi Sakai (Reappointment) Senior Executive Officer Eiji Nakamura (Reappointment) Michio Fujii (Reappointment) Masahiro Takagi (Reappointment) Masayuki Nakagawa (Reappointment) Yoshito Ezure (Reappointment) Tsugio Kusano (Reappointment) Susumu Kadowaki (Reappointment) Koichi Yamaguchi (Reappointment) 2 Executive Officer Executive Officer Executive Officer Executive Officer Executive Officer Executive Officer Executive Officer Executive Officer Ken Akikawa Tatsuo Kato Hiroyuki Nakano Hajime Ito Kazuhiko Aoki (Reappointment) (Reappointment) (Reappointment) (Reappointment) (Newly elected) Kenji Kojima (Newly elected)) 2. Changes of Duties (Effective April 1, 2022) * Underline indicates changes. Name Yasushi Nakamura Kenji Yamaguchi New Duties Current Duties Business relations Business relations Responsible for Business Execution Responsible for Business Execution Assistant to Person Responsible for Business Execution Akira Kato Noboru Okuda Masashi Sakai Eiji Nakamura Michio Fujii Masahiro Takagi Masayuki Nakagawa Yoshito Ezure Tsugio Kusano Executive General Manager, Plant Engineering Division Responsible for Product Center Executive General Manager, PPP Division Responsible for Special Assignment by President Executive General Manager, HR & General Affairs Planning Office Responsible for Corporate Strategy Planning Office Responsible for Corporate Communications Office Responsible for Legal Department Responsible for Risk Management General Manager, Export Control Office Executive General Manager, Business Strategy Division Executive General Manager, Financial Planning Office Responsible for IT Planning Department Deputy Executive General Manager, International Business Division Deputy Executive General Manager, Plant Construction Division Responsible for Safety and Health Management Office 3 Executive Officer Executive Officer Executive Officer Executive Officer Executive General Manager, Cost Engineering Center Principal Manager, Sales & Marketing Division Assistant to Person Responsible for Business Execution Executive General Manager, Corporate Strategy Planning Division Responsible for Corporate Administration Department, Affiliates Coordination Department, and Legal Department, Corporate Strategy Planning Division Executive General Manager, Plant Engineering Division Responsible for Product Center Responsible for Quality Assurance Office Executive General Manager, PPP Division President and Representative Director, METAWATER SERVICE Co., Ltd. Deputy Executive General Manager, Corporate Strategy Planning Division General Manager, HR & General Affairs Planning Office, Corporate Strategy Planning Division Responsible for CSR Promotion Office, Corporate Strategy Planning Division Responsible for Risk Management General Manager, Export Control Office Executive General Manager, Business Strategy Division Responsible for WBC Center General Manager, Financial Planning Office, Corporate Strategy Planning Division Responsible for IT Planning Department, Corporate Strategy Planning Division Deputy Executive General Manager, International Business Division Deputy Executive General Manager, Plant Construction Division Responsible for Safety and Health Management Office Susumu Kadowaki Koichi Yamaguchi Ken Akikawa Tatsuo Kato Hiroyuki Nakano Hajime Ito Kazuhiko Aoki Kenji Kojima President and Representative Director, METAWATER Research Institute Co., Ltd. Deputy Executive General Manager, Plant Engineering Division Executive General Manager, International Business Division Deputy Executive General Manager, Plant Engineering Division Executive General Manager, Service Solution Division Deputy Executive General Manager, Plant Engineering Division Responsible for Quality Assurance Management Office Executive General Manager, Cost Engineering Center Executive General Manager, Sales & Marketing Division – – Executive General Manager, Sales & Marketing Division Deputy Executive General Manager, Plant Engineering Division Responsible for Cost Engineering Center Executive General Manager, International Business Division Deputy Executive General Manager, Plant Engineering Division Executive General Manager, Service Solution Division Deputy Executive General Manager, Plant Engineering Division * Concurrent positions held by officers at Group companies in Japan and overseas have been omitted. 4