Notice Regarding Changes in Directors and Election of Substitute Directors Who Are Audit and Supervisory Committee Members

Overview of Director Changes

At the 162nd Annual General Meeting of Shareholders scheduled for June 26, 2026, changes to the board of directors are planned. Mr. Katsumi Nagase will assume the role of director, moving from Senior Executive Officer, while Mr. Fumatoshi Iwasaki will resign as director to focus exclusively on his role as Senior Executive Officer. Concurrently, the composition of the Audit and Supervisory Committee will be reviewed to clarify the roles of outside directors and enhance the auditing and supervisory functions.

Audit and Supervisory Committee Composition Changes and Strengthening of Audit Functions

Among the outside directors, two will serve as directors who are Audit and Supervisory Committee members, and three will be outside directors not serving on the committee, aiming to improve agility through a smaller Audit and Supervisory Committee. By strengthening cooperation with the Audit Office, a system will be established enabling the Audit and Supervisory Committee to issue investigation instructions to the Audit Office and allow the participation of the Head of the Audit Office, ensuring the effectiveness of audit functions. Directors who are Audit and Supervisory Committee members who are scheduled to resign are also noted.