The board of directors of Okura Holdings Limited announced that Mr. Mitsuru ISHII and Mr. Yuji MATSUZAKI have tendered their resignations as independent non-executive Directors and members of each of the audit committee (the ``Audit Committee''), the remuneration committee (the ``Remuneration Committee''), and the nomination committee of the Company with effect from 18 July 2023 to focus on their other business ventures and personal commitments. Following the resignations of Mr. Ishii and Mr. Matsuzaki as independent non-executive Directors, the Board announced that Ms. Mariko YAMAMOTO and Mr. Masaaki AYRES (alias Gettefeld AYRES) have been appointed as independent non-executive Directors and members of each of the Audit Committee, the Remuneration Committee, and the Nomination Committee, with effect from 18 July 2023. The biographical details of Ms. Yamamoto and Mr. Ayres are set out below: Ms. Mariko YAMAMOTO, aged 58, has been working as a disc jockey and radio personality hosting various programs at different radio stations for over 20 years.

Since 2019, she has been and is currently involved in the production and broadcasting of radio programs focusing on music, movies and literature for RKB MUSE Co. Ltd. From February 2019 to August 2020, she worked for Hakuhodo Product's Inc. (), an integrated production company where she was involved in writing articles for magazines. From 2003 to 2017, she worked as a radio program host for CROSS FM Co.

Ltd. (CROSS FM), hosting various radio programs about weekend entertainment activities such as ``weekend jazz''. Ms. Yamamoto graduated from Kwassui Women's Junior College (currently known as Kwassui Women's University) in Japan with an Associate of Arts degree majoring in Japanese Literature in October 1985. In addition to Ms. Yamamoto's knowledge of the entertainment industry which she has accumulated from her working experiences, the Board believes that the appointment of Ms. Yamamoto as an independent non-executive Director will add a variety of perspectives to the Board and further enhance its gender diversity which will contribute to the future growth and development of the Group.

Mr. Masaaki AYRES (alias Gettefeld AYRES), aged 33, has been and is currently the business development executive of Next Chymia Consulting HK Limited since 2018 and his main responsibilities include reviewing financial reports, providing strategic advice, and collaborating with the management teams of start-up companies. Prior to that, he worked as the sales manager of INFORICH INC. from 2015 to 2018, where he was principally involved in the business planning and development of the company. Mr. Ayres graduated from Soka University in Japan with a Bachelor of Business Administration in March 2015.