Seibu Holdings Inc. at its board meeting held on February 9, 2023 resolved to make the following change in Representative Directors: Name: GOTO Takashi. New title: Chairman and Representative Director, Chairman and CEO. Existing title: President and Representative Director, President and Chief Executive Officer.

Name: NISHIYAMA Ryuichiro. New title: President and Representative Director, President and COO and Executive General Manager, Corporate Planning Department. Existing title: Director, Executive Managing Officer and Executive General Manager, Corporate Planning Department.

Scheduled date of appointment: April 1, 2023. Reason for the change: In response to rapid changes in both the external environment and the business environment, the Company is promoting reform and reorganization of the Group's major businesses (Urban Transportation and Regional business, Hotel and Leisure business, and Real Estate business). To facilitate this, while executing the current Medium-Term Management Plan and formulating a new Medium-Term Management Plan focusing on realizing sustainable growth for the Group, the Company wishes to strengthen the management structure and inject rejuvenating energy by introducing a dual Representative Director system.

Career summary, etc. of the new President and Representative Director: April 1987 Joined The Dai-Ichi Kangyo Bank Ltd. (currently Mizuho Financial Group Inc.); February 2003 Secretary, Communications Department of Mizuho Holdings Inc. October 2009 Joined Seibu Holdings Inc. General Manager, Corporate Communication Office, General Planning Division of the Company; April 2010 General Manager, Corporate Communication Department, General Planning Division of the Company; June 2010 General Manager, Corporate Communication Department of the Company; April 2013 Managing Officer, General Manager, Corporate Communication Department of the Company Seconded to Seibu Railway Co. Ltd. Managing Officer, General Manager, Corporate Communication Department of the Company; June 2013 Director and Senior Managing Officer, General Manager, Corporate Communication Department of the company; June 2014 Director of Seibu Holdings Inc. (present) Senior Managing Officer, General Manager, Corporate Communication Department of the Company; April 2017 Director, Executive Managing Officer of Prince Hotels Inc. (currently SEIBU REALTY SOLUTIONS INC.); November 2017 Senior Managing Officer of Seibu Holdings Inc.; April 2021 Senior Managing Officer, Executive General Manager, Corporate Planning Department of the Company; April 2022 Executive Managing Officer, Executive General Manager, Corporate Planning Department of the Company (present) Director of SEIBU PRINCE HOTELS WORLDWIDE INC. (present) Executive Managing Officer of the company (present).