Daiwa Securities Group Inc. announced appointment of Executives (as of 1 April 2024) as follows. Takashi Yamaguchi: Present: Senior Managing Director, Head of Group Risk Management, Head of Risk Management Dept., and Daiwa Securities Co. Ltd. Senior Managing Director.

New: Senior Managing Director, Head of Group Risk Management, and Daiwa Securities Co. Ltd. Senior Managing Director. Yuji Masuki: Present: Senior Managing Director, Deputy Head of Compliance, and Daiwa Securities Group Inc., Senior Managing Director.

New: Senior Managing Director, Deputy Head of Compliance, Head of Compliance Dept.(II), and Daiwa Securities Co. Ltd. Senior Managing Director. Appointment of Staff (as of 1 April 2024): Hiraku Nihei: Present: Compliance Control Dept., Managing Director.

New: Head of Corporate Secretariat, Head of Audit Committee's Office, and Daiwa Securities Co. Ltd., Head of Audit & Supervisory Board Member's Office. Atsuo Tachikawa: Present: Treasury Dept., Managing Director.

New: Head of Internal Audit Dept., Daiwa Securities Co. Ltd., and Head of Internal Audit Dept. Shigeki Masuda: Present: Compliance Dept., Managing Director.

New: Head of Compliance Dept. (I), Daiwa Securities Group Inc., and Head of Compliance Dept. (I).

Naoyuki Murakami: Present: Risk Management Dept., Managing Director. New: Head of Risk Management Dept., Daiwa Securities Group Inc. Head of Risk Management Dept. Kentaro Konishi: Present: Daiwa Securities Co.

Ltd., Appointive Managing Director to Head of Overseas Operations (Seconded to Daiwa Capital Markets Singapore Limited). New: Head of International Business Planning Dept., and Daiwa Securities Co. Ltd. Head of International Business Planning Dept.

Nobuyuki Sawa: Present: Daiwa Securities Co. Ltd. Head of Fixed Income Sales Dept. New: Head of Human Resources Dept., Daiwa Securities Co.

Ltd. Head of Human Resources Dept. Masakazu Miyamoto: Present: Head of Corporate IT Strategy Dept., and Daiwa Securities Co. Ltd. Head of Corporate IT Strategy Dept.

New: Head of Core Business IT Dept., and Daiwa Securities Co. Ltd. Head of Core Business IT Dept. Kazuki Hiroshima: Present: Digital Acceleration Dept., Managing Director.

New: Head of Corporate IT Strategy Dept., and Daiwa Securities Co. Ltd. Head of Corporate IT Strategy Dept. Tetsuya Kondo: Present: Daiwa Securities Co.

Ltd. Tokyo Sales Office, Managing Director. New: Head of General Affairs Dept. and Daiwa Securities Co.

Ltd. Head of General Affairs Dept.