Nihon Chouzai Co.,Ltd. resolved at a Board of Directors meeting on January 29, 2021 to establish a Nomination and Compensation Committee as a voluntary advisory organization of the Board of Directors. The committee will consist of three or more Directors appointed by a resolution of the Board of Directors. A majority will be Independent Outside Directors. The following four members were selected at Board of Directors meeting. Chairman: President and Representative Director Yosuke Mitsuhara. Members: Outside Director - Yoshimitsu Onji (Independent Director). Outside Director - Tadashi Urabe (Independent Director, Audit Committee Member). Outside Director - Arata Toyoshi (Independent Director, Audit Committee Member).