Z Financial Corporation and Yahoo Japan Corporation have decided the following election of a new director effective September 1, 2021.

■ Name, title, profile of the new director and reason for election

【New director】
Name: Hiroyuki TORIGOE
Title: Representative Director, President Corporate Officer, CEO (Chief Executive Officer), Z Financial Corporation
Director, EVP, Managing Corporate Officer (in charge of Financial Business), Yahoo Japan Corporation

【Profile】
April 1989 Joined The Industrial Bank of Japan Ltd. (currently Mizuho Financial Group, Inc.)
March 2005 Joined Shinsei Bank, Limited
June 2007 Director & Chief Marketing Officer (CMO), Showa Leasing Co., Ltd.
November 2008 Joint GM of Corporate Development Office, Shinsei Bank, Limited
June 2015 Part-time Audit & Supervisory Board Member, Shinsei Financial Co., Ltd.
April 2017 Executive Officer & GM of Individual Banking Risk Management Division & Senior Officer of Group Business Strategy Division, Shinsei Bank, Limited
November 2017 President & Chief Executive Officer, Shinsei Financial Co., Ltd.
Senior Officer of Group Business Strategy Division & Executive Officer in charge of Individual Business, Shinsei Bank, Limited
June 2019 Senior Officer of Group Business Strategy Division & Managing Executive Officer, Head of Consumer Finance, Shinsei Bank, Limited
September 2021 Representative Director, President Corporate Officer, CEO (Chief Executive Officer), Z Financial Corporation
Director, EVP, Managing Corporate Officer (in charge of Financial Business), Yahoo Japan Corporation

【Reason for election】
Hiroyuki Torigoe has a wide range of hands-on experience in business development, marketing, and risk management in The Industrial Bank of Japan Ltd., and the Shinsei Bank Group. We have elected him as a director with the expectation that he will leverage his professional experience and insight to promote the financial business of Z Financial Corporation and Yahoo Japan Corporation, and to collaborate with the companies of the Z Holdings Group.

Unless otherwise specified, English-language documents are prepared solely for the convenience of non-Japanese speakers. If there is any inconsistency between the English-language documents and the Japanese-language documents, the Japanese-language documents will prevail.