The Board of Directors of Ichiyoshi Securities Co., Ltd. at its meeting on April 26, 2023, resolved to conclude a business collaboration agreement with Iida Shinkin Bank relating to customer referral in connection with investment management on securities as follows: Background and purpose of business collaboration. Iida Shinkin Bank, headquartered in Iida City, Nagano Prefecture, has its management philosophy of "Contributing to Development of Local Community," and is serving for the advancement of local people's living and development of local small - and medium-sized companies. Thus, the Bank is highly appreciated locally for its proactive and sound management.

Ichiyoshi, standing strongly by its motto of "Not selling products simply because they are popular," adheres to locally-based, face-to-face sales activities, following changes in circumstances, and aims to become a "Name-brand boutique house in finance and securities industry." In the course of collaboration between Ichiyoshi and Iida Shinkin Bank under this agreement, Ichiyoshi intends to provide Iida Shinkin Bank with its know-how on asset management Ichiyoshi has so far cultivated, thereby responding to diversifying local financial needs.