The board of directors of Okura Holdings Limited announced that Mr. Fumihide HAMADA (``Mr. Hamada'') has tendered his resignation as an executive Director with effect from 25 February 2022, due to his decision to devote more time on his personal affairs. Following his resignation, Mr. Hamada ceased to be the chairman of the risk management committee of the Company (the ``Risk Management Committee''). The Board further announced that Mr. Yutaka KAGAWA, an executive Director, has been appointed as the chairman of the Risk Management Committee with effect from 25 February 2022.