The 75th Ordinary General Meeting of the Members of the Association was held on Tuesday 22 July 2025 in Room 303 of the Kaiun Club in Tokyo.

The Chair of the Association, Mr. Takeshi Hashimoto, was elected as the Chair of the Meeting. The Meeting then reported on the following matter and considered the following proposals: -

Matter reported:

The Business Report for the 75th financial year (i.e.: the period 1 April 2024 to 31 March 2025).

The report was made to the Meeting in accordance with the publication“The 75th period Business Report (for the period 1 April 2024 to 31 March 2025)”.

Proposals approved:

(Proposal no.1)

To approve an inventory, balance sheet, income and expenditure account and proposals for the disposition of the surplus for the 75th business year (the period from 1 April, 2024 to 31March, 2025);

The above Proposal no.1 was considered by the Meeting and approved as proposed.

(Proposal no.2)

To approve amendment to Articles of Association;

The above Proposal no.2 was considered by the Meeting and approved as proposed.

(Proposal no.3)

To elect members to the Board of Directors, and to appoint the auditors;

The Meeting noted that it was necessary to elect new members to the Board of Directors in order to replace those　who tendered their resignation and retired. The Meeting further agreed that the Chair should propose the names of candidates for these appointments to the Meeting.

The Chair then proposed the names of five candidates, all of whom were duly elected at the Meeting, provided, however, the election of the directors other than the members is subject to the approval of the Japanese Financial Service Agency.

In addition, it was reported to the Meeting that the terms of appointment of auditors of the Association had resigned, and it was agreed that the Chair would propose the names of candidates to the Meeting. The Chair then proposed candidates for the position of auditors, who were elected by the Meeting.

(Proposal no.4)

To approve the payment of retirement bonuses to retiring directors;

The above Proposal no.4 was considered by the Meeting and approved as proposed.

(Proposal no.5)

To revise the remuneration quota for directors who execute the daily business of the Association;

The above Proposal no.5 was considered by the Meeting and approved as proposed.

(Proposal no.6)

To provide an authorisation to the Board of Directors for the handling of decisions at the General Meeting of the Members;

The above Proposal no.6 was considered by the Meeting and approved as proposed.

The Ordinary General Meeting of the Members of the Association was closed after the above Proposals were approved by the Meeting.

At the 626th Meeting of the Board of Directors, which was held immediately following the Ordinary General Meeting of the Members, in regard to the Representing Directors, one deputy chair and two executive directors were duly elected. Please find attached a list of both the members of the Board of Directors and the Auditors of the Association.