February 4, 2022

For Immediate Release

Funai Soken Holdings, Inc. (TSE 1, stock code 9757)

Takayuki Nakatani, President & CEO

Contact: Takahisa Okumura

Director, senior vice president, and head of Management Administration Divisional Headquarters +81-(0)6-6232-0130

Notice Regarding Change of Certified Public Accountant

Funai Soken Holdings hereby announces that its Board of Directors decided at a board meeting today to table a motion at the upcoming annual general meeting of shareholders on March 26, 2022, regarding a change in the certified public accountant firm that certifies of the company's audits in accordance with Article 193-2 Paragraphs 1 and 2 of the Financial Instruments and Exchange Act. The proposed changes are as follows.

  1. Date of Change
    March 26, 2022 (the scheduled date of the annual general meeting of shareholders)
  2. Outgoing & Incoming CPAs
    1. Incoming CPA

1)

Name

PricewaterhouseCoopers Aarata LLC

2)

Address

Otemachi Park Building, 1-1-1Ote-machi,

Chiyoda-ku, Tokyo

3)

Executive Officers

Masahisa Kinoshita, Kengo Yamamoto

4)

Registration status under the Japanese Institute of

Registered

Certified Public Accountants' register of audit firms

listed on the stock exchange

(2)

Outgoing CPA

1)

Name

Deloitte Touche Tohmatsu LLC

2)

Address

Marunouchi Nijubashi Building, 3-2-3 Marunouchi, Chiyoda-ku, Tokyo

3)

Executive Officers

Tomoyuki Suzuki, Miki Kidowaki

3. Reasons for Selection of Candidates in 2. (1) Above

The Funai Soken Holdings Board of Directors chose PricewaterhouseCoopers Aarata as a candidate to be its accounting auditor as a result of:

Comprehensive consideration of factors such as the company's policy of looking into a change of auditors approximately every seven years in order to maintain a relationship of appropriate tension between auditor and auditee and ensure the objectivity of financial reports, and the extension of the current CPA firm's term of service beyond eight years;

Consideration of the various firms' global auditing structures, independence, expertise, and efficiency; and

An expectation that the auditing firm should not only have a framework for carrying out accounting audits properly but should also bring a fresh perspective that will help bolster the company's governance.

  1. Outgoing CPA's Term of Service
    Since March 23, 2013
  2. Opinions Stated in Outgoing CPA's Audit Reports for the Past 3 Years
    • 1 －

N/A

6. Reasons Leading to Decision to Change CPAs

The term of contract of the current accounting auditor, Deloitte Touche Tohmatsu, concludes with the closing of the upcoming annual general meeting of shareholders scheduled for March 26, 2022. Thus, in light of the factors shown in 3. Above, the Funai Soken Holdings Board of Directors chose PricewaterhouseCoopers Aarata as a candidate to be its accounting auditor.

7. Outgoing CPA's View Relating to Audit Report Remarks Pertaining to the Reasons Given in 6. Above

  1. Outgoing CPA's View
    The outgoing CPA stated it had no particular opinion to report.
  2. Audit and Supervisory Committee's View
    The Audit and Supervisory Committee deems the reasons valid.

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Funai Soken Holdings Co. Ltd. published this content on 04 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2022 06:55:18 UTC.