Announce易游体育app官网t on resignation of director who is Audit & Supervisory Committee member

Kobe Steel, Ltd. announces today that it has discovered improper claims for reimburse易游体育app官网t of travel expenses by a director who serves as an Audit and Supervisory Committee member of the Company and has accepted his resignation as director as of the same date.

• 1.

  易游体育app官网signing di易游体育app官网ctor

  Yasushi Tsushima
  Director, Audit & Supervisory Committee 易游体育app官网mber

• 2.

  Date of 易游体育app官网signation

  February 28, 2023

• 3.

  Ev易游体育app官网 after the resignation of the said member, the Company satisfies the required number of directors who are members of the Audit and Supervisory Committee as stipulated by laws and regulations and the Articles of Incorporation. It also complies with the Corporate Governance Code that requires indep易游体育app官网d易游体育app官网t outside directors account for at least one-third of all board members.