Diversification of Alternative Investment Capabilities Through the Acquisition of あけぼの投資顧問 as a Subsidiary

「At a meeting of the Board of Directors held on 13 November 2020, the Company resolved to make あけぼの投資顧問株式会社 a subsidiary and entered into a share transfer agreement on 1 December 2020. Pursuant to the agreement, the Company acquired the shares on 8 December 2020. The Company believes that making あけぼの投資顧問株式会社 a new subsidiary will help establish and strengthen a more diversified asset management structure, enabling it to address a broad range of investor needs, including those of institutional investors in Japan and overseas. (5) Voting rights acquired 73.75%」