Notification of Change in Representative Director (Retirement Upon Expiration of Term of Office)

LY Corporation (hereinafter the “Company”) hereby announces that Kentaro Kawabe, the Chairperson and Representative Director of the Company, will retire upon expiration of his term of office at the conclusion of the 31st Ordinary General Meeting of the Shareholders scheduled to be held in June 2026. Details are as follows.

1. Overview of the change
Director scheduled to retire: Kentaro Kawabe, Chairperson and Representative Director

Timing of retirement, etc.: Retirement upon expiration of term of office at the conclusion of the 31st Ordinary General Meeting of the Shareholders scheduled to be held in June 2026.

2. Reason for the change
Kentaro Kawabe, Chairperson and Representative Director of the Company, has informed the Company of his intention to retire from his position as director of the Company upon the expiration of his term of office at the conclusion of the 31st Ordinary General Meeting of the Shareholders scheduled to be held in June 2026. The Company has accepted his request.

3. Future plans
The structure of the Board of Directors moving forward will be deliberated by the Nominating and Remuneration Committee and the Board of Directors, with the details to be announced at a later date.

Disclaimer
This is an English translation of the release. This translation is prepared and provided for the reader’s convenience. All readers are recommended to refer to the original version of the release in Japanese for complete information.