Bank of Ayudhya Public Company Limited's Board of Directors Meeting, Board of Directors Meeting, with recommendation from the Nomination and Remuneration Committee, the Board resolved to: appoint Mr. Masakazu Osawa as the Bank's Director (the Bank's authorized signatory), and a member of the Nomination and Remuneration Committee in replacement of Mr. Daisuke Ejima who resigned from the Bank. In this regard, the effective date of appointment shall be the date following the date the Bank of Thailand grants endorsement for director appointment. Appoint Mr. Kenichi Yamato as the Bank's Director (the Bank's authorized signatory) and the President and Chief Executive Officer in replacement of Mr. Seiichiro Akita who resigned from the Bank, effective on May 15, 2023 subject o the endorsement from the Bank of Thailand.

The Bank would like to inform that he Bank of Thailand has recently endorsed the appointment of 2 Bank Directors as proposed. Consequently, Mr. Masakazu Osawa will be the Bank Director (the Bank's authorized signatory), and a member of the Nomination and Remuneration Committee, effective from April 2, 2023 onwards. The Bank will register the change of the Bank's Directors as well as the change of name of the Bank's authorized signatory Directors of Mr. Masakazu Osawa with the Ministry of Commerce.

For the registration of change of the Bank's Directors as well as the change of name of the Bank's authorized signatory Directors of Mr. Kenichi Yamato with the Ministry of Commerce, the Bank will register on the effective date, May 15, 2023.