[Genie] Decision on Director Candidates and Corporate Structure Change｜June 2026

Decision on Executive Candidates and Corporate Governance Changes

Genie, Inc. has determined the director and corporate auditor candidates at the 16th annual shareholders meeting to be held on June 30, 2026. The company plans to reappoint Tomoaki Kudo as Representative Director and President, and to appoint new external directors and corporate auditor candidates. Additionally, they will propose transitioning to a company with a Board of Corporate Auditors and partial amendments to the Articles of Incorporation. This aims to strengthen corporate governance and streamline organizational structure. Detailed biographies of the candidates are also disclosed, promoting management stability and the introduction of diverse perspectives.

Schedule and Corporate Strategy Moving Forward

Following the resolution at the shareholders meeting, the transition to a company with a Board of Corporate Auditors and the amendment of the Articles of Incorporation are expected to be finalized. This will improve corporate governance efficiency and transparency, while supporting future business strategies and management strengthening. Leveraging the experience and diversity of new directors, accelerated efforts in domestic and international business expansion and new business development are anticipated. These measures are regarded as significant for enhancing management stability and long-term growth for shareholders and investors.