FINDEX Inc. at its ordinary meeting of the Board of Directors held on January 16, 2023 has decided to establish new departments. Consulting Department: This department handles the consulting business for medical institutions, separated from the Hospital Solutions Department. In recent years, system structures in medical institutions have become increasingly complicated, and there are many issues that require advanced and specialized knowledge in considering system implementation for medical institutions, such as the promotion of cloud services and the strengthening of security measures.

On the other hand, there are very few organizations that can provide consulting services with expertise in both healthcare and systems that can address these issues. Under such circumstances, the Consulting Department was newly established to grow the consulting business, which was previously a part of system sales, as one of the new earnings drivers. Over the years, the Company has provided multifaceted support for digitalization at medical institutions by offering a variety of software solutions.

By making full utilization of the knowledge and know-how the company have accumulated through these experiences, the company are able to provide each individual medical institution with the best solutions, ranging from comprehensive digitalization consulting services for university hospitals and national centers to security measures for local clinics. With the establishment of this new department, the Company will provide more advanced and comprehensive consulting services and will further enhance its presence in the medical field. Public Solution Department: This department handles the office system targeting municipalities and public enterprises, which was separated from the Business Strategy Department.

Previously, the office system project was under the control of the existing unit Business Strategy Department, but the Company has decided to establish a new business unit Public Solution Department in order to respond to an expected increasing demand in this field in coming years. With the promotion of digitalization in the back-office operations of municipalities and public enterprises, its public document management and e-approval solutions have steadily achieved success in recent years. By solidifying its teams and turning this project into a business, the Company will respond more proactively than ever to inquiries and consultations from many customers and focus on further business growth.

Accordingly, for accounting purposes, the business segment related to the office systems will be separated from the original reporting segment, the System Development Segment, and will be reported as the "Public Solution Business" starting from the financial results announcement for the first quarter of fiscal year 2023.