Reviewing the Rationale for Cross-Shareholdings and the Policy on Sales

「Investments whose number of shares increased during the fiscal year Unlisted shares 1 12,000 Investment in the DX support subsidiary established by Resona Holdings and participation in the joint venture」

「The Board of Directors verifies cross-shareholdings and makes a comprehensive determination for each investee as to whether the holding contributes to the objective of enhancing corporate value over the medium to long term, from the perspectives of medium- to long-term economic rationality and the Group's business strategy. Shares whose holding has become less meaningful are to be sold after taking into account the circumstances of the investee.」