Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.

March 8, 2022

Company name: Iida Group Holdings Co., Ltd.

Representative: Masashi Kanei, President and Representative Director

Stock code: 3291, Tokyo Stock Exchange (First Section)

For inquiry: Hiroshi Nishino, Executive Board Director and Representative DirectorTel: +81-422-38-8828

Notice: Changes of Representative Directors

Iida Group Holdings Co. Ltd., (hereafter "the Company") announces that it decided at the Board of Directors' meeting on March 8, 2022, to make changes in the Representative Directors.

1. Reason for the changes

To make the management structure stronger and make the business performance and the corporate value grow further

2. Name and position of the new Representative Director

Name

New position

Previous position

Hiroshi Nishino

Executive Board Director and

Executive Board Director

Representative Director

3. Career brief of the new Representative Director

The Number

Date of birth

Career

of shares

held

April 2006: Joined TOUEI HOUSING CORPORATION, appointed Board

Director, and Head of Personnel Development Department.

August 2007: Appointed President and Representative Director of TOUEI

HOUSING CORPORATION.

November 2013: Appointed Board Director of the Company

August 2016: Appointed Chairman of Jutakushinkojigyo-kyodokumiai. Ltd.

(Currently appointed.)

June 2018: Appointed Board Director of Iida Home Trade Center Co. Ltd.

(Currently Home Trade Center Co. Ltd.) (Currently appointed.)

March 14,

June 2019: Appointed Senior Board Director, responsible for Corporate Planning.

7,292Shares

1964

April 2020: Appointed Board Director of TOUEI HOUSING CORPORATION .

(Currently appointed.)

April 2021: Appointed Executive Board Director, and Head for administrative

divisions of the Company. (Currently appointed.)

April 2021: Appointed Chairman and Representative Director of TOUEI HOME

SERVICE CORPORATION. (Currently appointed.)

February 2022: Appointed Board Director of ARNEST ONE CORPORAION.

(Currently appointed.)

March 2022: Appointed Representative Director of the Company. (Currently

appointed.)

4. Date for the appointment March 8, 2022

5. Representative Directors after the changes President and Representative Director: Masashi Kanei

Executive Board Director and Representative Director: Hiroshi Nishino

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Iida Group Holdings Co. Ltd. published this content on 09 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 March 2022 07:10:01 UTC.