July 3, 2023, GNI Group Ltd. ("the Group") announced the appointment of Toshiya Kitagawa as Chief Strategy Officer (CSO) with the aim of accelerating the global business growth of the Group under a resolution of the Board of Directors dated on July 3, 2023. Career summary of Toshiya Kitagawa: April 2000: Japan Bond Trading Co. Ltd. April 2002: Totan ICAP Co.

Ltd. February 2003: Deal Max Co. Ltd. October 2008: OAG Certified Public Tax Accountant's Corporation Business Development Manager. April 2009: Takara Leben Co.

Ltd. Director, Executive Officer, General Manager of Corporate Planning Office. April 2017: Hoosiers Holdings Co. Ltd. General Manager of Group Strategy Office.

January 2019: BASE Co. Ltd. CEO. March 2023: Eltes Co.

Ltd. Deputy General Manager of Corporate Planning Office. July 2023: GNI Group Ltd., SO.