TOYO Appoints Yasunari Harada as Chief Financial Officer and Director

TOKYO, July 1, 2026 /PRNewswire/ -- TOYO Co., Ltd (Nasdaq: TOYO) (OTC: TOYWF), ("TOYO" or the "Company"), a solar manufacturing company, today announced the appointment of Yasunari Harada as Chief Financial Officer and a director of the Company, effective July 1. Mr. Harada, a seasoned executive with over 30 years of senior leadership at leading investment banks, will play a central role in strengthening the Company's financial strategy, investor relations and capital markets engagement. Mr. Harada is replacing Taewoo "Raymond" Chung, who resigned as Chief Financial Officer and a director, effective June 30, 2026.

Mr. Harada's career spans some of the most respected institutions in global finance. He began at The Industrial Bank of Japan before holding senior roles as Vice President at Morgan Stanley Securities, Executive Director at BNP Paribas Securities, and Managing Director & Head of Financial Institutions at Société Générale Securities in Tokyo. He has served on the boards of financial institutions across Asia and Central Asia, including Kyrgyzkommertsbank, Solid Bank, and Khan Bank. Mr. Harada holds a bachelor of law degree from Kyushu University and is fluent in Japanese and English.

"Yasunari's appointment marks a defining moment for TOYO," said Mr. Takahiko Onozuka, Chief Executive Officer. "His extensive experience will be instrumental as we refine our financial strategy, deepen our engagement with the investment community, and expand our institutional footprint. We also extend our sincere gratitude to Mr. Chung for his dedicated service to TOYO, and wish him every success in his future endeavors."

Mr. Harada's appointment strengthens a leadership team already positioned for the next phase, bringing world-class financial discipline, cross-border capital markets access, and the credibility of a career built at globally recognized institutions.

"TOYO has a strong foundation, and I am dedicated to helping drive our growth," said Mr. Harada. "I look forward to working closely with Mr. Onozuka and the entire team to build shareholder value, strengthen our financial position, and demonstrate TOYO's potential to the global investment community."