Headspring Inc.

Osamu Hoshino President & Managing Director: Mr. Hoshino’s experience includes European product planning and North American marketing at the International Division of Pioneer Corp. In addition, he was engaged in the launch of lithium-ion battery business operations in Taiwan and China as part of the Nihon Denchi Corp. (currently GS Yuasa) Planning Division. For more than 10 years, he was involved in the management of venture business through venture investing and JV establishment business at Trend Micro Corp. In 2014, he established Headspring, a global, open innovation company, with the aim of providing energy
systems characterized by the concept of local production for local consumption to emerging markets, using his substantial and varied experience in the establishment and launch of companies in eight countries and experience in a wide range of manufacturing businesses ranging from consumer products to industrial equipment. He graduated from Keio University and obtained an MBA from the Graduate School of Management, McGill University.

Takanori Sugita Vice President & Director: Mr. Sugita was engaged in research and development tasks related to power electronics technologies and control technologies at Meidensha Corp. In addition, he was involved in the development of advanced power electronics as a technical manager for a venture company. Well-versed in semiconductor power conversion technologies, control technologies for use in power electronics, next-generation power semiconductor application technologies such as SiC, and special PWM generation technologies, he has developed several new techniques for new energy and energy-
saving systems. Also, he has to his credit a number of joint collaboration projects with leading companies and has contributed to the development of the power electronics business. Mr. Sugita graduated from the Tokyo Institute of Technology and completed a master’s degree in the Department of Electrical and Electronic Engineering at the Graduate School of Science and Technology, Tokyo Institute of Technology.

Yudai Natori Director: Mr. Natori has worked in corporate departments such as corporate planning, finance and accounting, legal affairs, new business, and human resources, while working for venture company and large corporation. He has been in charge of planning, due diligence, and negotiations for multiple strategic alliance projects, including cross-border ones, such as joint ventures, capital alliances, and business alliances. He has experience working on structural reform project for large corporation. As head of Headspring's corporate planning and business administration department, he is in charge of mid-term plans, fundraising, capital policy, and alliance negotiations.
Graduated from Waseda University. Majoring in Social Science. Certified Public Accountant (US. Washington), Certified Member Analyst of the Securities Analysts Association of Japan.

Yoshiki Okajima Auditor: Mr. Okajima built mission critical systems as the person in charge of the Information Systems
Division at the Semiconductor Analysis Center, implemented ISO 27001 (information security management system), proposed a business model utilizing an analysis data processing system, and
led development tasks. He has extensive experience in devising systems for mission-critical system optimization, network, communications, IT security, building server environments and social development projects at a venture company. Mr. Okajima graduated from Hokkaido University and completed a master’s program in the Department of Physics, Graduate School of Science, Hokkaido University.