JP Lease Products & Services Co., Ltd. are pleased to inform you that we have implemented organizational changes and personnel changes as of June 1, 2022.

(1) Purpose of change

1. By reinforcing the management of the business development department, which operates a variety of businesses in addition to the aircraft-related business, we will strengthen our core business and enrich our business portfolio.
2. We will establish an independent division that focuses on and specializes in the aircraft-related business, expand the operational and financial resources and aim to accelerate the revenues growth from the aircraft-related business in the post-pandemic period.

(2) Details of the Personnel Change（effective as of June 1, 2022）

1. Board of Director

Teiji Ishikawa	New Position	President and CEO 　JLPS Ireland Limited / Director
	Current Position	President and CEO 　Head of Business Development Division 　JLPS Ireland Limited / Director

2. Executive Officer

Michio Murakami	New Position	Executive Officer Head of Business Development Division
	Current Position	（Japan Investment Adviser Co., Ltd. / New Business Development Department / Executive Officer Executive Director）
Nobuo Takakuwa	New Position	Executive Officer Deputy Head of Business Development Division 　Specialty Finance Department Ⅱ/ Executive Director
	Current Position	Executive Officer Deputy Head of Sales Division

3. Executive Director

Kazuhiko Segawa	New Position	Business Development Division Aircraft Finance Department / Executive Director
	Current Position	Business Development Division Transportation Leasing Department / Executive Director
Jiro Morishita	New Position	Business Development Division Specialty Finance Department Ⅰ/ Executive Director
	Current Position	Business Development Division Transportation Leasing Department / Senior Director
Jiro Kajioka	New Position	Business Development Division Credit Risk Management Department / Executive Director
	Current Position	Business Development Division / Assistant Head

(3) Details of the organizational change（effective as of June 1, 2022）

1. “New Business Development Department” will be integrated into “Business Development Division.”
2. “Transportation Leasing Department” under “Business Development Division” will be renamed “Aircraft Finance Department,” to restructure their operations.
3. “Specialty Finance Department” under “Business Development Division” will be divided into “Specialty Finance Department Ⅰ” and “Specialty Finance Department Ⅱ.” The operation of the Operating Lease Business will be restructured by these two departments and “Aircraft Finance Department.”
4. Under “Business Development Division,” “Credit Risk Management Department” will be newly established.
5. “Strategic Sales Department” under “Sales Division” will be dismantled.