Board of Directors' Effectiveness Evaluation

Sufficient time has been taken to discuss proposals raised at the Board meetings, with earnest and vigorous discussions taking place among the attendees. Appropriate decision-making and supervision related to execution matters have been properly conducted

Outside Directors and Outside Corporate Auditors have been extremely active in discussions, by proactively speaking out from their professional perspectives. Their opinions are fully reflected in our Management’s decision-making process.

The functional role and management methods of the Company's Board of Directors are continuously being devised to enhance their effectiveness. This has led to richer active deliberations during the Board meetings and stronger supervision and guidance on execution.

Following the Annual General Meeting of Shareholders in June 2025, the number of independent Outside Directors exceeded the required one-third threshold for the Prime Market. Four of the Directors, or 40 percent, are independent Outside Directors.

At the same Shareholders' meeting, an additional female Outside Director of foreign nationality was appointed, further enhancing the diversity of the Board.

The Nomination and Compensation Committee acts as an advisory body to the Board, overseeing the evaluation, compensation determination, election, and dismissal of Board members, including Representative Directors. The Committee also engages in discussions and executes succession plans for Representative Directors.