TOYO Co., Ltd (Nasdaq: TOYO) (OTC:TOYWF),  ("TOYO" or the "Company"), a solar solution company, today announced a planned leadership transition and the strengthening of its executive team to support the Company's next phase of growth.

The Company announced that Junsei Ryu retired from his role as Chief Executive Officer and Chairman of the Board effective March 18, 2026.  Mr. Ryu plans to continue to serve as an advisor to the Board for a 12‑month transition period to ensure an orderly handover of responsibilities.

Mr. Takahiko Onozuka is appointed as CEO and Chairman of the Board as of March 18, 2026. He is an accomplished global executive with over 40 years of experience in international finance, energy infrastructure, and decarbonization. He has strong track record in project and structured finance, business origination, risk management, and stakeholder engagement across Asia, Europe, the Middle East, and Africa.