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March 25, 2015
OKASAN SECURITIES GROUP INC.
In its March 25, 2015 meeting, the Board of Directors of Okasan Securities Group Inc. established a policy to transition to a company with an audit committee, as described below.
1.Purpose of this transition
The decision was made to transition to a company with an audit committee for several reasons: to increase the transparency of decision-making through the participation of outside directors in Company management; to strengthen the Company's auditing and supervision functions; and to further enhance the Company's corporate governance structure.
2.Timing of this transition
Plans call for transitioning to a company with an audit committee following the approval of the necessary amendments to the Articles of Association in the regular general meeting of shareholders scheduled for June 2015.
3.Other matters
The changes in the Articles of Association and details of director appointments and other matters related to this transition will be announced as soon as they are finalized.