Frontier Management Inc. ("FMI") announced that the FMI has resolved at the Board of Directors meeting held on December 10, 2021, the personnel changes effective on January 1, 2022 as: Tadaaki Komori from Deputy President Executive Officer to Deputy President Executive Officer, Head of Financial Advisory Department, Head of Financial Advisory Division 1, Head of Marketing Department; Toshiyuki Mitsuzawa from Senior Executive Officer, Head of Financial Advisory Department, Head of Financial Advisory Division 1, Head of Financial Advisory Division 2, Head of Asian Business Section, Head of Global Innovation Support Section to Senior Managing Executive Officer, Project Coordinator, Financial Advisory Department, Head of Global Innovation Support Section; and Masaya Yajima from Executive Officer, Co-Head of Management Innovation Support Division, Management Consulting Department, Company Planning Division, Company Planning and Administration Department to Executive Officer, Management Consulting Department, Co-Head of Company Planning Division, Company, Planning and Administration Department.