DYNAM JAPAN HOLDINGS Co., Ltd. announced executive and committee changes. The company announced The Board announced that Mr. Akira Hosaka has been re-designated from a non-executive director of the Company to an executive director of the Company with effect from 23 June 2023. Besides, Mr. Hosaka has also been appointed as the president of the Company and the chairman of the Board with effect from 23 June 2023.

Mr. Hosaka, aged 50, has been serving as the representative director of DYNAM Co., Ltd., a wholly-owned subsidiary of the Company since 18 June 2020. His involvement with the Group dates back to April 1995, when he joined Dynam. He was promoted to the zone manager of Niigata zone of Dynam in March 2008.

In May 2016, he was promoted to the head of corporate management department of Dynam. In June 2017, he was promoted to a director of Dynam and on 18 June 2020, he was elected as the representative director and the president of Dynam. He was also appointed as a non-executive director of the Company on 24 June 2020.

Mr. Hosaka graduated from Rikkyo University in March 1995 with a bachelor's degree in sociology. The company announced that Mr. Makoto Sakamoto has been re-designated from an executive director of the Company to a non-executive director of the Company with effect from 23 June 2023. Mr. Sakamoto also retired from his positions as the president of the Company and the chairman of the Board with effect from 23 June 2023.

Mr. Sakamoto has been re-designated as a non-executive director of the Company and retired from his various other positions in the Company because, as a result of years of recruiting and training by the Group, the Group has developed a new generation of human resources capable of taking charge of management and enable the Company to respond to changes in the environment surrounding the Group. As such, the Company has decided that it is an appropriate time to shift to a next-generation management structure that is more familiar with the pachinko business and has flexible ideas. Mr. Sakamoto, aged 66, his involvement with the Group dates back to February 2004 when he joined Dynam.

Since then he was mostly responsible for matters relating to human resources. He was promoted to the senior manager of the human resources development department of Dynam in September 2005 and then the head of the personnel department as well as corporate executive officer of Dynam in September 2006. He was appointed as a director of Dynam in June 2011.

He was elected as the chief executive officer and the president of the Company in April 2020, and the chairman of the Board and an executive director of the Company in June 2020. Before joining Dynam, he started employment with The Daiei Inc. (now a wholly-owned subsidiary of AEON Co., Ltd., the shares of which are listed on the first section of the Tokyo Stock Exchange) in 1980. After working at its multiple stores for three years, he was consistently responsible for personnel management matters, and worked as the head of the personnel department from September 1996 to September 1999.

He then worked for Big Boy Japan Co., Ltd. until October 2002, an affiliate of The Daiei Inc. From November 2002, he worked for Central Services System Co., Ltd. and during the period from May to November 2003, he worked for Japan Sportsvision Co., Ltd. He has been consistently responsible for personnel management matters during his career. Mr. Sakamoto graduated from Waseda University in March 1980 with a bachelor's degree in social science. The company also announced that Ms. Mayumi ITO ("Ms. Ito") has been appointed as an independent non-executive director of the Company with effect from 23 June 2023.

Ms. Ito, aged 61, has been serving as the chief executive officer of Epistémè LLC, which company engages in E-book publishing and marketing consulting, since December 2021. Ms. Ito worked for HERMES JAPON Co., Ltd. for 17 years from 1987, serving as the buyer in charge of the first bags, the person in charge of launching the perfume division, and the project leader of the CRM system development. From 2005 to 2011, she worked at Richemont Japan Limited, where she served as the deputy general manager of Piaget's retail sales department and was seconded to Lancel Japan Ltd., a joint venture established with Sumitomo Corporation, as the director of retail operations.

From 2011 to 2017, she worked for The Swatch Group (Japan) K.K., where she held the positions of the general manager of Tiffany watch business division, the general manager of corporate business division and the general manager of Blancpain business division. From 2017 to 2020, she was the vice president of SHIGETA K.K. and in charge of the management of its Japanese branch. From 2020 to 2021, she was the director of business development for immuno at Premier Anti-Aging Co., Ltd. Ms. Ito graduated from Keio University in March 1985 with a bachelor's degree in literature.

The company also announced that Mr. Murayama retired as independent non-executive director of the Company with effect from 23 June 2023. The company further announced that, with effect from 23 June 2023, the composition of the nomination committee of the Company and the Remuneration Committee has been changed as: Mr. Hosaka has been appointed as a member of the Nomination Committee and a member of the Remuneration Committee; Ms. Ito has been appointed as a member of the Nomination Committee and a member of the Remuneration Committee; Mr. Sakamoto has retired as a member of the Nomination Committee and a member of the Remuneration Committee; and Mr. Murayama has retired as a member of the Nomination Committee and a member of the Remuneration Committee.