[Fukuda Denshi] Change of Committee Members Regarding Large-Scale Share Purchase | June 2026

Change of Committee Members Regarding Share Buyback

Our company has changed the members of the Special Committee on Enterprise Value Evaluation to Yoshida Fukuda and Hisashi Tohto, based on the measures approved at the 77th Annual General Meeting of Shareholders held on June 27, 2024, concerning large-scale share purchase activities. Mr. Fukuda has extensive experience in investment banking and securities industries, while Mr. Tohto is a legal expert. Both are designated as independent directors and will assume office on June 26, 2026. This change is expected to strengthen the oversight framework concerning the company's share buyback activities.

Background and Future Outlook of the Appointment

This change in committee members aims to ensure proper operation of measures related to share buyback and maximize corporate value. Mr. Fukuda and Mr. Tohto are expected to contribute to the appropriateness of buyback activities and the strengthening of corporate governance leveraging their respective expertise. Going forward, our company will prioritize the interests of shareholders and investors by maintaining and enhancing an appropriate corporate governance system.