Intelligent Wave Inc.TSE: 4847

Notice regarding changes in Directors and Corporate Officers

· Issued by Intelligent Wave Inc.

(Translation) This document has been translated from the Japanese original for the convenience of overseas stakeholders. In the event of any discrepancy between this document and the Japanese original, the original shall prevail.

March 9, 2023

INTELLIGENT WAVE INC. (Code:4847 TSE Prime market)

Notice regarding changes in Directors and Corporate Officers

The company announced today that is Board of Directors, at a meeting held on March 9, 2023, decided on the following changes to its Directors and Executive officers.

1. Changes of Directors(as of 1st April, 2023)

New Title

Name

Previous Title

Director

Mitsue Sako

Director, Executive Officer

Director of 1st System Division

2. Changes of Executive Officers(as of 1st April, 2023)

New Title

Name

Previous Title

Executive Officer

Executive Officer

Director of 1st System Division; Director of

Kazuma Okazaki

Director of 3rd System Division; General

3rd System Division; General Manager of

Manager of 3rd System Division

3rd System Division

Inquiries:

Investor Relations,

INTELLIGENT WAVE INC.

e-mail : ir_info@iwi.co.jp