The Board of Directors of AEON Credit Service (Asia) Company Limited announced that with effect from 24 June 2016: Mr. Takamitsu Moriyama has been appointed as a Non-executive Director, the Chairman of the Board and the Nomination Committee, and a member of the Audit Committee and the Remuneration Committee of the Company; Mr. Tomoharu Fukayama has been appointed as an Executive Director of the Company; Mr. Toru Hosokawa has been appointed as an Executive Director of the Company; and Mr. Kenji Hayashi has been appointed as an Independent Non-executive Director, and a member of the Audit Committee, the Remuneration Committee and the Nomination Committee of the company. Mr. Moriyama is currently Executive Vice President of AEON Financial Service Co. Ltd. He was formerly President of AEON Bank Ltd. and Nippon Computer Systems Co. Ltd. and Executive Director of Komeri Co. Ltd. He was previously with Saitama Bank for 23 years. He has extensive experience in the banking industry. All the companies mentioned above, except AEON Bank Ltd., are listed public companies. He holds a Bachelor's degree in Japanese History from Tohoku University. Mr. Fukayama joined AEON Credit Service Co. Ltd. in March 1997 after he graduated from Waseda University with a Bachelor's degree in Literature. He has 13 years of experience in the consumer finance industry before his transfer to AEON Co. Ltd. in March 2010. He joined the Company in April 2015 as General Manager in charge of the Business Development, Sales and Marketing Division of the Company. He will be in charge of the Sales and Operation Division of the Company. He is a Director of AEON Insurance Brokers (HK) Ltd. Mr. Hosokawa joined AEON Credit Service Co. Ltd. in November 2004. Prior to joining the Company, he was Executive Officer in charge of the Finance and Accounting Department and the Human Resources Department of AEON Credit Service Co. Ltd. He was previously with Daiei Finance Co. Ltd. for 10 years. He will be in charge of the Corporate Management Division of the Company. He holds a Bachelor's degree in Accounting from Chuo University. Mr. Hayashi is currently Adviser of Institute of Corporate Governance, Japan. He is Outside Director of AEON Credit Service Co. Ltd. and Independent Director of AEON Thana Sinsap (Thailand) Public Company Limited, a listed public company. He was formerly President and Representative Director of Plusum Co. Ltd., President of Fisco Financial College and President and CEO of Sigma Base Capital Corporation. He had held senior positions in Nippon Credit Bank Ltd., Deutsche Bank, Deutsche Securities Inc. (all three are listed public companies) and Westdeutsche Landesbank. He holds a Bachelor's degree in German Language from Tokyo University of Foreign Studies.