Announcement of the important resolutions made by Board of Directors on behalf of major subsidiary, Excelsior Asset Management Co., Ltd.

Announcement of the important resolutions made by Board
of Directors on behalf of major subsidiary,
Excelsior Asset Management Co., Ltd.

1.Date of the special shareholders meeting:2022/09/06
2.Important resolutions:
(1)Approved the amendment of the articles of the Company's
   ”Articles of Incorporation”.
(2)Approved the release the prohibition on directors from
   participation in competition businesses.
3.Any other matters that need to be specified:
  In accordance with Article 128-1 of the Company Law, 
  Excelsior Asset Management Co., Ltd. is held by one 
  single juristic person shareholder, the functional 
  duties and power of the Shareholders’Meeting shall be
  exercised by its Board of Directors.