Net One Systems Co., Ltd. announced that, at a meeting held on January 30, 2024, its Board of Directors reached the decision to change the lineups of its vice presidents, as outlined below Changes to lineups of vice presidents (effective April 1, 2024): Takuya Tanaka from Executive vice president to Vice president; Fumihiko Shinoura from Senior vice president to Vice president; Masayuki Kitajima from Senior vice president to Vice president; Koji Tsuji from Senior vice president to Vice president; Akiko Kanai from General manager of East Japan Business Unit 2 to Chief human resources officer (CHRO); Takaaki Wakatsuki from Operation director of Internal Audit Office to Vice president, Chief risk management officer (CRO), Chief compliance officer (CCO); Kazuaki Ishibashi from Senior vice president to Vice president; Masaki Hashimoto from Operation director of Sales Department 1 under East Japan Business Unit 2 to Vice president, General manager of West Japan Business Unit. Mitsuru Kiuchi is scheduled to resign from his position as executive vice president, CHRO, CRO, and CCO on March 31, 2024. However, he will continue to perform his duties as an executive director until the conclusion of the 37th Annual Shareholders Meeting to be held in June 2024 (the "Meeting").

In addition, he will assume the position of executive director serving concurrently as an Audit an Supervisory Committee member if his nomination is approved at the Meeting.