NTN Corporation (hereafter, the Company) announced that the Company has made a decision of change of Representative Executive Officer and Executive Officers effective April 1, 2025 at the Board of Directors meeting held on March 25, 2025 as follows. The Company also announced that its Nominating Committee held on the same day has resolved the following candidates for Directors to be submitted to the Company's 126th Annual General Meeting of Shareholders (hereafter, the General Meeting) to be held in June this year. 1.Change of Executive Officers (1) Change of Representative Executive Officer (as of April 1, 2025) · Reason of Change Transfer of Representative Executive Officer due to the transfer of Officers · Contents of Change Name New Position Current Position Date of Change Hideaki Miyazawa (Resigned) Representative Executive Officer, Executive Officer March 31, 2025 Masaaki Yamamoto Representative Executive Officer, Executive Officer Executive Officer April 1, 2025 · Name and Profile of the new Representative Executive Officer Name: Masaaki Yamamoto(Date of Birth: March 17, 1961) Business Career: April 1986 Joined the Company October 2007 General Manager, Finance and Accounting Dept., Finance HQ. April 2011 General Manager, Business Administration Dept., Corporate Strategy HQ. December 2013 General Manager, Business Administration Dept., General Manager, Affiliated Companies Administration Dept., Finance HQ. August 2014 Deputy General Manager, Office of General Manager - China Region Director, NTN (CHINA) Investment Corp. April 2015 Operating Officer June 2019 Executive Officer(Current position) June 2022 Director(Current position) Number of Shares of the Company held: 69,800 shares (as of September 30, 2024) (2) New Executive Officers(as of April 1, 2025) Tsuyoshi Kikuta (Current position: General Manager, Financial Strategy Dept., Group Management HQ.) Keiji Yanagida (Current position: General Manager, Office of General Manager - China Region) (3) Change of Assignments(as of April 1, 2025) Name Position New Assignments Current Assignments Masaaki Yamamoto Representative Executive Officer, Executive Officer ·CFO (Chief Financial Officer) ·Europe & Africa Region ·CFO(Chief Financial Officer) ·Deputy Corporate General Manager, Group Management HQ. ·Financial Strategy Dept. ·Accounting Dept. ·Europe & Africa Region Shumpei Kinoshita Executive Officer ·Deputy Corporate General Manager, Group Management HQ. ·Corporate Strategy Dept. ·Carbon Neutrality Strategy Promotion Dept. ·Americas Region ·Deputy Corporate General Manager, Group Management HQ. ·Corporate Strategy Dept. ·ESG Promotion Dept. ·Carbon Neutrality Strategy Promotion Dept. ·Internal Control Dept. Ikuya Tateoka Executive Officer ·Corporate General Manager, CVJ & Axle Bearing Business HQ. ·Deputy Corporate General Manager, CVJ & Axle Bearing Business HQ. ·General Manager, Business Strategy Unit, CVJ & Axle Bearing Business HQ. Masayuki Tanio Executive Officer ·In charge of Business Structural Reform ·Deputy Corporate General Manager, Bearing Business HQ. ·General Manager, Business Strategy Unit, Bearing Business HQ. (4) Executive Officers to be resigned(as of March 31, 2025) Hideaki Miyazawa (Current position: Representative Executive Officer, Executive Officer) Etsu Harima (Current position: Executive Officer) Reference:Executive Officers(as of April 1, 2025) Name Position Assignments Eiichi Ukai* Representative Executive Officer, President, Executive Officer ·CEO (Chief Executive Officer) ·Corporate General Manager, Group Management HQ. Masaaki Yamamoto* Representative Executive Officer, Executive Officer ·CFO (Chief Financial Officer) ·Europe & Africa Region Hiroyuki Ichikawa Executive Officer ·Quality HQ. ·Composite Material Product Division ·India Region Masayuki Kaimi Executive Officer ·Corporate General Manager, SCM Strategy HQ. ·China Region ·Production Engineering HQ. Yasuhiro Kawabata Executive Officer ·Deputy Corporate General Manager, Group Management HQ. ·Human Resources Strategy Dept. ·Personnel Dept. ·General Affairs Dept. ·Legal Dept. Tsuyoshi Kikuta Executive Officer ·Deputy Corporate General Manager, Group Management HQ. ·Financial Strategy Dept. ·ESG Promotion Dept. ·Accounting Dept. ·Internal Control Dept. Shumpei Kinoshita* Executive Officer ·Deputy Corporate General Manager, Group Management HQ. ·Corporate Strategy Dept. ·Carbon Neutrality Strategy Promotion Dept. ·Americas Region Koji Takahashi Executive Officer ·Deputy Corporate General Manager, Group Management HQ. ·Corporate Communications Dept. ·ICT Strategy Dept. Ikuya Tateoka Executive Officer ·Corporate General Manager, CVJ & Axle Bearing Business HQ. Masayuki Tanio Executive Officer ·In charge of Business Structural Reform Yoshiyasu Nakano Executive Officer ·CTO (Chief Technology Officer) ·Research Division ·Innovation & Business Development HQ. ·New Product and Business Strategy Planning Dept. ·Intellectual Property Strategy Dept. Keiji Yanagida Executive Officer ·Corporate General Manager, Bearing Business HQ. ·NTN KOREA CO., LTD. ·ASEAN, Oceania & West Asia Region * Appointed as a Director as well 2. Candidates for Directors, etc. (1) Candidates for Directors (to be submitted to the General Meeting) Eiichi Ukai * Masaki Egami Shumpei Kinoshita * Koji Takahashi * Newly Appointed Etsu Harima Newly Appointed Masaaki Yamamoto * Ryo Kawakami Outside Director Yasuo Kitani Outside Director Yuriya Komatsu Outside Director Tatsuhiko Toshita Outside Director Akira Murakoshi Outside Director Hiromi Wada Outside Director Newly Appointed * To be appointed as an Executive Officer as well (2) Directors to be resigned (after the General Meeting) Isao Ozako Hideaki Miyazawa Tomonori Nishimura (Outside Director)