The Board of Directors (the "Board") of AEON Credit Service (Asia) Company Limited (the "Company") announces that Mr. Daisuke Takenaka, an Executive Director of the Company, will not stand for re-election at the annual general meeting of the Company to be held on 29 June 2023 (the "2023 AGM") and will retire at the conclusion of the 2023 AGM to take up a new management post in the AEON group. Mr. Takenaka confirmed that he has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company. The Board would like to thank Mr. Takenaka for his contribution to the Company during his tenure as a Director of the Company.