Mr. Masaru Okutomi joined the Group on 1 July 2019 as executive Director and the Vice Chairman. With effect from 1 October 2021, Mr. Okutomi was re-designated from the vice Chairman to the Chairman and Chief Executive Officer of the Group, and continue to serve as an executive Director, a member of the Remuneration Committee and a member of the Nomination Committee. He is also a director of various subsidiaries of the Group. Mr. Okutomi is responsible to lead the management team and oversee the overall production and operation of the Group, providing corporate directions and formulating business strategies of the Group. Mr. Okutomi holds a bachelor’s degree in law from Hitotsubashi University in 1981 and after his graduation, he joined the merchandise sales department (textiles) of Toray Industries, Inc., which is listed on the Tokyo Stock Exchange in Japan and is a substantial shareholder of the Company. He also held various senior positions including the managing director of Toray Industries (South China) Co., Ltd. and Toray Industries (H.K.) Ltd. from May 2016 to 30 June 2019, and the deputy managing director of Toray Industries (China) Co., Ltd. from May 2016 to 30 June 2019, and has been given the title as senior director in Toray. Mr. Okutomi has extensive experience in management of textiles business.