Nihon Chouzai : Introduction of Executive Officer System

	February 21, 2022
Company name	Nihon Chouzai Co., Ltd.
Company representative	Yosuke Mitsuhara,President and CEO
Securities code	3341; Tokyo Stock Exchange 1st Section
Contacts	Masahiro Tojo, General Manager of
	Corporate Planning Department
	(Phone: [phone])

Introduction of Executive Officer System

Nihon Chouzai Co., Ltd. announces that at a Board of Directors meeting held today, it resolved to introduce an executive officer system as shown below.

1. Objectives of introducing executive officer system
2. 1. Separate the management decision-making and oversight functions from the business execution function, further clarify the authority and responsibility for business execution, speed up decision-making, and improve management flexibility.
   2. Strengthen corporate governance, enable flexible response to changes in the business environment, and enhance corporate value.
3. Overview of executive officer system
4. 1. The Board of Directors shall decide on the appointment and dismissal of executive officers.
   2. Directors may serve concurrently as executive officers.
   3. The term of office for executive officers shall be one year, and they may be reappointed.
5. Effective date (scheduled) April 1, 2022
6. Executive officer appointments
   Personnel changes associated with the introduction of the executive officer system will be announced as soon as they are determined.