Notice Regarding New Management Structure

Rheos Capital Works Inc. (Headquarters: Chiyoda-ku, Tokyo; President and Representative Director: Hideto Fujino; hereinafter 'the Company'), a member of the SBI Group, today resolved at a meeting of the Board of Directors to appoint the following executive officers. The appointments are subject to approval at the Ordinary General Meeting of Shareholders to be held on June 15, 2026. ■ Board of Directors Structure (Effective Date: June 15, 2026) Name Title Tomoaki Asakura Chairman of the Board Mitsuhiro Yuasa President and Representative Director, CIO Miki Shiromizu Senior Managing Director Takeshi Nakaji Senior Managing Director Kougyo Nakagawa Director Osamu Takahashi Auditor ■ Executive Resignations (Effective Date: June 15, 2026) Name Current Position Hideto Fujino President and Representative Director Atsuyuki Hiratsuka Director Shuzo Takami Auditor At the time of the announcement in March of this year, Mr. Fujino was scheduled to remain with the Company as a 'Director (Hifumi General Advisor)' after his retirement. However, following subsequent discussions, the Company respected Mr. Fujino's strong desire to dedicate himself to creating broader social value, including the creation of an animation business that globally expands IP originating from Japan, and support for startups fostering the next generation of entrepreneurs and investors, beyond the framework of capital markets. Accordingly, he will retire as a Director at the end of his current term. Additionally, the investment managers for the Hifumi funds will change: Makoto Naito will be responsible for the Hifumi Investment Trust, and Ryoka Matsumoto will be responsible for the Hifumi Crossover Pro. Details of the new investment management structure will be announced at a later date. ■ Message from Hideto Fujino I am stepping down from my roles as President and Representative Director and Fund Manager of Rheos Capital Works. I will also be leaving Rheos Capital Works. Since 1990, I have walked a 35-year path in investment management and research. Through the bubble burst, the IT bubble, the Lehman Shock, and the COVID-19 shock, each storm deepened my conviction that 'the intrinsic value of a company lies separate from short-term price fluctuations.' I believe active investment is not a battle with numbers, but a dialogue with people. Looking into the eyes of management, walking the floors of businesses, discerning the 'true power' inherent there – I have strived to embody this active investment under the 'Hifumi' brand, contributing to Japan's growth and your asset building. Our company has an excellent team that deeply understands the Hifumi philosophy and can practice it themselves. An experienced and trustworthy management team will continue to support the company. Furthermore, under the strong corporate foundation of the SBI Group, Hifumi will aim for even more stable and sustainable growth. Although I am leaving Rheos Capital Works, I will continue to support Hifumi as a founder, standing at the forefront for our customers. I extend my deepest gratitude to our customers, sales partners, and business partners who have trusted and entrusted us over the years. The contents of this news release are based on information available at the time of disclosure. The Company does not guarantee the accuracy or completeness of the contents, and the contents are subject to change without notice. Investment trusts differ from deposits or insurance contracts and may incur losses due to fluctuations in interest rates, market prices, etc. Risks and fees vary depending on the investment trust. Please carefully read the investment trust prospectus and supplementary documents before purchasing. Rheos Capital Works Inc. Rheos Capital Works is an asset management company founded in 2003 under the corporate philosophy of 'Contributing to society through capital markets.' The 'Hifumi' series of investment trusts it manages and sells supports customers' long-term asset building through a 'preserve while growing' management approach. In its investment advisory business, it manages assets for domestic and international corporate pension funds and institutional investors. Rheos Capital Works is a group company of SBI Global Asset Management Co., Ltd. (Securities Code: 4765). The company will change its trade name to 'SBI Rheos Capital Works Inc.' effective December 1, 2026. https://www.rheos.jp/ ・Fees and Risks of Investment Trusts: https://www.rheos.jp/policy/risk/ ・Financial Instruments Business Operator, Director of Kanto Local Finance Bureau (Kinsho) No. 1151 ・Member of the Japan Investment Advisers Association Caution: This press release is a document for publicly announcing the Company's information, services, and achievements, and is not created for the purpose of soliciting investment.