Introduction and Renewal of Directors and Officers Liability Insurance

「The Company plans to renew the insurance policy on the above terms in December 2024.」

「To secure talented personnel and prevent directors and other officers from becoming overly cautious in the performance of their duties, the Company has entered into a directors and officers liability insurance policy with an insurance company, covering directors of the Company and its subsidiaries, including outside directors, Audit & Supervisory Board members, including outside Audit & Supervisory Board members, executive officers and managerial employees. The policy covers legally mandated damages and litigation costs when an insured person becomes subject to a claim for damages during the insurance period arising from an act performed in that person's capacity. The Company plans to renew the insurance policy on these terms in December 2021.」