Tokyu Fudosan Holdings Corporation announced resignation of Ms. Saeko Arai as Outside Director due to the expiration of term of office and appointment of Ms. Akiko Uno as new Outside Director. Date of change: June 26, 2024. The Company announced that Ms. Akiko Uno will supervise the management of the Company utilizing her knowledge in legal affairs, compliance and risk management, human resources development, labor affairs and digital transformation gained in the course of her duties at Shiseido Company, Limited as well as through duties as a full-time Audit & Supervisory Board Member of Shiseido Company, Limited, in addition to offering advice on the execution of duties based on her insight and opinions from a viewpoint of stakeholders.

Thus the Company elected Ms. Akiko Uno as an Outside Director. As an Outside Director, Ms. Akiko Uno plays a role in strengthening the function of supervising the Board of Directors, etc., from an objective standpoint, and it is not expected that any conflict of interest with general shareholders will arise in the future. Therefore, the Company designated Ms. Akiko Uno as an independent officer.