On January 10, 2023, Japan Securities Finance Co., Ltd. announces that the company will not approve the shareholder proposals by Strategic Capital on its Extraordinary General Meeting about investigation into long-standing hiring practice. The company further informed the suggested Names for the Investigating committee by the Activist i. Investigator: Mr. Kenji Shinjo, ii. Investigator: Mr. Hansen Nels Christian, iii.

Investigator: Mr. Akira Maekawa.