SG Holdings Co. Ltd. announced that the Board of Directors resolved at an ordinary meeting held on April 28, 2023, to change the President and COO, and to appoint a replacement (provisional). This decision is expected to be formally approved at the 17th Ordinary General Meeting of Shareholders, held on June 23, 2023, with the resolution to approve the election of Directors.

Change of the President and COO (as of June 23, 2023) - Name: Eiichi Kuriwada. New position: Chairperson and CEO. Current position: Chairperson, CEO and President.

Name: Hidekazu Matsumoto. New position: President and COO. Current position: Representative Director.

Career Summary of Incoming President and COO: Name: Hidekazu Matsumoto. Date of birth: August 10, 1966. Jul.

1988 Joined Nishisaitama Sagawa Express Co. Ltd. (now Sagawa Express Co. Ltd.) - Jan.

2007 General Manager in charge of CSR and Environmental Promotion Department, Sagawa Express Co. Ltd. - Sep. 2007 Temporarily assigned to Environment and Economy Division, Environmental Policy Bureau, Ministry of the Environment - Sep.

2009 General Manager, General Affairs Section, General Affairs Department, Sagawa Express Co. Ltd. - Mar. 2014 General Manager, President's Office, SG Holdings Co.

Ltd. - Mar. 2015 General Manager, General Affairs Department, SG Holdings Co. Ltd. - Sep.

2016 Executive Officer in charge of General Affairs and Corporate Secretariat Affairs, and General Manager, Secretary Office, SG Holdings Co. Ltd. - Dec. 2016 President, Sagawa Forestry Co.

Ltd. (to present) - Apr. 2019 Executive Officer in charge of Management and Control, and General Manager, Secretary Office, SG Holdings Co. Ltd. President, Nouvelle Golf Club Co.

Ltd. (to present) - Jun. 2019 Director in charge of Management and Control and General Manager, Secretary Office, SG Holdings Co. Ltd. - Apr.

2021 Director in charge of Management and Control, SG Holdings Co. Ltd. - Jun. 2021 Representative Director in charge of Management and Control, SG Holdings Co.

Ltd. (to present).