Hokko Chemical Industry establishes nomination and remuneration committee

Hokko Chemical Industry Co., Ltd. announced on November 18, 2025, that its board of directors resolved to establish a Nomination and Remuneration Committee. This committee will serve as an optional advisory body to the board, aiming to strengthen the independence, objectivity, and accountability of the board's functions concerning the nomination of directors and corporate auditors, as well as director remuneration. This initiative is intended to enhance the company's corporate governance.

The committee's primary role is to deliberate on matters related to the appointment and dismissal of directors and corporate auditors, the selection and removal of representative and executive directors, and the remuneration system and specific remuneration of directors. It will provide recommendations to the board of directors based on its consultations.

The Nomination and Remuneration Committee will consist of three or more directors selected by the board. A majority of the committee members will be independent outside directors, and the committee chairperson will be chosen from among these independent outside directors through a committee resolution. The committee's establishment date is November 18, 2025.