abrdn Japan Equity Fund Inc. announced that William Maher has been appointed to the Board of Directors of the Fund as a Class III Director effective June 6, 2023. William Maher has also been appointed as a member of the Audit Committee and the Nominating and Corporate Governance Committee. Mr. P. Gerald Malone resigned as a Director of the Board of Directors of the Fund effective May 25, 2023.

The Board of Directors would like to extend their sincere gratitude to Mr. Malone and acknowledge the valuable contributions he has made to the Fund during his tenure.