Japan Exchange Group, Inc. resolved at the meeting of the board of directors held on November 25, 2021, establish a new subsidiary. Outline of new subsidiary: JPX Market Innovation & Research, Inc; Location: Chuo-ku, Tokyo; Details of Business: i) Providing data and index services related to financial instruments markets and system-related services, along with other business related to the operation of financial instruments exchange markets; ii) Business related to the operation of financial instruments exchange markets; iii) Business incidental to that described in ii; Amount of Capital: JPY 100 million; Date of Incorporation: During December 2021 (tentative); Date of Commencement of Business: April 1, 2022 (tentative).