Intelligent Wave Inc. announced that is Board of Directors, at a meeting held on June 21, 2023, decided on the following changes to its Directors and Executive officers. 1. Changes of Directors as of 1st July, 2023. New Title: Director, Senior Executive Officer Director of Global Business Promotion Office; Director of Strategy & R&D Division; Director of Quality Assurance Department; Director of Human Capital Management Office; Director of Information Security Department.

Name: Kenichi Tachinooka Previous Title: Director, Senior Executive Officer Director of Global Business Promotion Office; Director of Strategy & R&D Division; Director of Security System Division; Director of Quality Assurance Department; Director of Human Capital Management Office; Director of Information Security Department. 2. Changes of Executive Officers as of 1st July, 2023: New Title: Senior Executive Officer Director of Sales Division; Director of Business Development Office; Director of Security System Division. Name: Takashi Hisayoshi Previous Title: Senior Executive Officer Director of Sales Division; Director of Business Development Office.