SUMIDA: Company News
SUMIDA CORPORATION (hereafter “the Company”) would like to announce that the Nomination Committee nominated the following nine (9) candidates for the Board of Directors. The membership as director will take effect subject to the approval of the shareholders at the coming Annual General Meeting of Shareholders scheduled for March 25th, 2022.
1. Candidates for the Board of Directors
| Name | Current position at SUMIDA CORPORATION |
| Mr. Shigeyuki Yawata | Director, Representative Executive Officer and CEO (member of the Risk Management Committee) |
| Mr. Atsushi Kato | Outside director (chairman of the Audit Committee, member of the Risk Management Committee) |
| Dr. Michael Mühlbayer | Outside director (member of the Nomination and the Compensation Committee) |
| Dr. Masako Miyatake | Outside director (member of the Audit Committee, member of the Risk Management Committee) |
| Mr. Tatsuo Umemoto | Outside director (member of the Audit Committee, the Nomination and Compensation Committee) |
| Mr. Tomoharu Suseki | Director (member of the Nomination and Compensation Committee, Chairman of the Risk Management Committee) |
| Mr. Gen Ikegami | Outside director (member of the Audit Committee) |
| Mr. Yan Hok Fan (New candidate) |
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| Mr. Ryo Hayakawa (New candidate) |
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Note: Mr. Atsushi Kato, Dr. Michael Mühlbayer, Dr. Masako Miyatake, Mr. Tatsuo Umemoto, Mr. Gen Ikegami, Mr. Yan Hok Fan and Mr. Ryo Hayakawa are candidates as outside directors. After the election as outside directors at the coming Annual General Meeting of Shareholders scheduled for March 25th, 2022, they will be registered as independent directors pursuant to the regulations of the Tokyo Stock Exchange.
2. Brief personal profile of the proposed new candidate for the Board of Directors
1) Mr. Yan Hok Fan (born September 5th, 1949)
| Brief personal profile | |
| Oct. 1976 | Joined Nigerian Spanish Engineering LTD. (Nigeria) |
| Nov. 1979 | Managing Director, Mayor Engineering Ltd. (Nigeria) |
| Sep. 1984 | Joined Pfizer MSP KK, Materials Engineering Department (Hong Kong) |
| Jan. 1994 | Representative Director, CITIC Pacific Limited (Hong Kong) |
| Nov. 1997 | Representative Director and General Manager, China Everbright International Limited (Currently China Everbright Environment Group Limited) (Hong Kong) |
| Jan. 2010 | Independent Non-executive Director, Hysan Development Company Limited (Hong Kong) (To date) |
| Dec. 2012 | Independent Non-executive Director, China Everbright Environment Group Limited (Hong Kong) (To date) |
| Dec. 2012 | Independent Non-executive Director, First Pacific Company Limited (Hong Kong) (To date) |
| Sep. 2013 | Independent Non-executive Director, China Aircraft Leasing Group Holdings Limited (Hong Kong) (To date) |
| Sep. 2016 | Independent Non-executive Director, PFC Device Inc. (Hong Kong) (To date) |
Reasons for the election of candidate nominated for outside director and overview of expected roles
Mr. Yan Hok Fan has worked as a manager and a director of Asian companies over many years, primarily in China and Hong Kong. The Company proposed him as a candidate for outside director because it expects him to oversee and check management based on the knowledge and experience as a manager that he has accumulated throughout his career, and his insight into the Asian market. He is a new candidate for outside director.
2) Mr. Ryo Hayakawa (born December 17th, 1962)
| Brief personal profile | |
| May 1985 | Joined Darroch Industrial Consultants, Ltd. (Auckland, New Zealand) |
| Apr. 1989 |
Joined Investment Banking Division, Tokyo Branch, Goldman Sachs Japan Co., Ltd. |
| Nov. 1992 | Corporate Finance Department, Investment Banking Division, Goldman Sachs Japan Co., Ltd., Vice President (promoted in June 1996) |
| Dec. 1997 | Vice President, Advisory Group, Investment Banking Division, Goldman Sachs Japan Co., Ltd. |
| Feb. 2000 | Vice President, Equity Capital Markets, Investment Banking Division, Goldman Sachs Japan Co., Ltd. |
| Apr. 2002 | Director, Equity Capital Markets, Investment Banking Division, Deutsche Securities Inc. |
| Mar. 2007 | Representative Director, A1 Consulting Ltd. (To date) |
| Oct. 2007 | Investment Banking Lecturer, Institute for Business and Finance, Waseda University (To date) |
| Apr. 2008 | Executive Council, Australian and New Zealand Chamber of Commerce |
| Mar. 2008 | Managing Director and General Manager, Equity Capital Markets, Investment Banking Division, Macquarie Capital Securities (Japan) Limited |
| Sep. 2014 | Representative Director and Managing Partner, AKSUS Advisors, Inc. (To date) |
| Sep. 2020 | Outside Director, UDC Finance Limited (Auckland, New Zealand) (To date) |
Reasons for the election of candidate nominated for outside director and overview of expected roles
Mr. Ryo Hayakawa has accumulated a wealth of experience in the financial industry over many years, and currently engages in management and serves as director and outside director at several companies. The Company proposed him as a candidate for outside director because it expects him to oversee and check management based on the experience and insight that he has accumulated throughout his career. He is a new candidate for outside director.