JPMorgan Japanese Investment Trust plc announced the board has given considerable thought to its succession planning. As mentioned previously, having served as a Director for nine years, Christopher Samuel will retire from the Board and Stephen Cohen, the current Audit Chair, will replace Christopher Samuel as Chairman at the upcoming Annual General Meeting. Sally Duckworth, who was appointed to the Board in October 2022, will assume the role of the Company's Audit Chair.

Stephen Cohen and George Olcott would in the normal course step down together from the Board after nine years in January 2025. The Board has decided, not least because of the challenging investment environment, to avoid losing two Directors in the same year and so has agreed that Stephen Cohen will serve as Chairman for three years meaning he will have been on the Board for ten years when he retires. Sally Macdonald, Senior Independent Director, will confirm that this has the support of shareholders.