Daiwa Securities Group Inc. announced the following changes of Representative Corporate Executive Officers in accordance with a resolution passed by a meeting of the Board of Directors held on February 29, 2024. Reason for the Changes: Changes in Representative Corporate Executive Officers due to changes in Executive Officers. Changes in Representative Corporate Executive Officers: Toshihiro Matsui from Current Position of: Director, Member of the Board and Representative Corporate Executive Officer, Deputy President to New Position of: Director, Member of the Board.

Date of change is March 31, 2024. Shinsuke Niizuma from Current Position of Corporate Executive Officer, Deputy President to New Position of: Representative Corporate Executive Officer, Deputy President. Date of change is March 31, 2024.

Date of change is April 1, 2024. Biography of Shinsuke Niizuma: Date of Birth: September 19, 1965. Education: Graduated from Faculty of Law and Economics of Chiba University.

Apr. 1988 Joined the Company. Oct.

1999 Transferred to Daiwa Securities Co. Ltd. May 2014 Head of Nagoya Branch of the above company. Apr.

2015 Senior Managing Director and Head of Regional Marketing, and Head of Nagoya Branch of the above company. Apr. 2016 Head of Retail Marketing Strategy of the above company.

Apr. 2018 Executive Managing Director, Chief Customer Officer (CCO) and Head of Retail Marketing Strategy of the above company. Apr.

2019 Senior Executive Managing Director and Deputy Head of Retail of the Company. Senior Executive Managing Director, Member of the Board of Daiwa Securities Co. Ltd. Apr.

2020 Head of Retail of the Company. Apr. 2022 Deputy President, Corporate Executive Officer and Head of Retail of the Company; and Representative Director and Deputy President of Daiwa Securities Co.

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