Universal Entertainment Corporation announced that the Board of Directors has resolved at a meeting held on April 26, 2024 to make the following changes in the company's representative directors, effective April 26, 2024. Background of the changes in the Notice Regarding Judgment in Shareholders' Representative Suit Against Representative Director of the Company dated April 26, 2024, the Tokyo High Court ruled that Mr. Jun Fujimoto breached his fiducial duty or duty of loyalty as a director and was liable for compensation to the Company. He resigned from the position of Representative Director and President at the extraordinary meeting of the Board of Directors held on April 26, 2024.

The Board of Directors has appointed Mr. Hajime Tokuda as Representative Director and President and Mrs. Takako Okada as Representative Director. Content of the changes as of April 26, 2024: Hajime Tokuda, New Title: Representative Director and President. Current Title: Managing Director.

Takako Okada, New Title: Representative Director. Current Title: Director. Jun Fujimoto, New Title: Director.

Current Title: Representative Director, President, CEO and CIO. Hajime Tokuda, Date of Birth is August 3, 1958. Brief Career history: Apr.

1981, Joined The Sumitomo Bank, Limited; Jan. 2007, Executive Officer and General Manager of Management Planning Office of the Company; Jun. 2007, Director of the Company; Jun.

2008, Representative Executive Officer and President of the Company; Jun. 2010, Director and President of the Company; Jun. 2012, Director of the Company; Dec.

2014, Director of Ariake Densan Center Co. Ltd. (currently Pit Earth Co. Ltd.) (current); May 2018, Director of TIGER RESORT, LEISURE AND ENTERTAINMENT, INC. (current); and Apr.

2024, Representative Director and President of the Company (current). Takako Okada, Date of Birth is September 11, 1973. Brief Career history: May 2000, Representative Partner of Spring Coat Co.

Ltd. (Currently Okada Holdings GK); Jun. 2015, Director of the Company; Jun. 2017, Director of Tiger Resort Asia Limited (current); May 2018, Director of TIGER RESORT, LEISURE AND ENTERTAINMENT, INC. (current); Apr.

2024, Representative Director of the Company (current).