Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy
between this translated document and the Japanese original, the original shall prevail.

May 1, 2024
For Immediate Release4-1-28 Toranomon, Minato-ku, TokyoJapan Communications Inc.
Naohisa Fukuda
Representative Director-President(Code No.: 9424)
For enquiries: Mitsuru Kodaira
Executive Officer and CFO
Tel: +81-3-5776-1700

my FinTech Inc. Announces New Management Formation

Japan Communications Inc. (JCI, TSE Prime: 9424) is pleased to announce a new management
formation at its subsidiary, my FinTech Inc. (hereinafter referred to as "myFinTech"), effective April
30, 2024.
myFinTech was established in 2018 as the business operator for our patented technology, FPoS. The"my Digital Certificates" issued by myFinTech, which are based on FPoS, became the firstsmartphone-embedded digital certificates to achieve certification under the Electronic Signature Law
in 2021, and it remains the only one that is certified to date. As digital transformation (DX)progresses, digital IDs play an indispensable role in linking individuals and systems. FPoS securesboth the identity and the authenticity of digital interactions and also addresses the vulnerabilities ofthe widely used ID/password systems. This technology has been proven in Maebashi City, Gunma
Prefecture through the Mebuku ID, and following successful deployments in Maebashi City, Gunma
Prefecture and Ebetsu City, Hokkaido, its implementation has begun in Omura City, Nagasaki
Prefecture in March 2024. Moreover, We are moving towards encouraging the use of FPoS as afundamental measure to strengthen digital IDs across various municipalities, businesses, andorganizations (such as universities).
Previously, Naohisa Fukuda, Representative Director-President of the JCI, held the dual role ofRepresentative Director-President at myFinTech. To strengthen myFinTech's leadership formation,
Seiji Sato has been appointed as the new Representative Director-President as of April 30, 2024.
Additionally, Masataka Hayashi, who has been managing FPoS technology at the JCI, wasappointed as Director of the Board at myFinTech on the same date.

New Leadership Formation at my FinTech Inc. as of April 30, 2024:
Representative Director- Chairman: Naohisa Fukuda
Representative Director-President: Seiji Sato
Background of Seiji Sato:Until March 31, 2024, Seiji Sato served as Partnership Strategist at the Digital Agency, where hewas responsible for supporting policy implementation through public-private partnerships. At
Sumitomo Corporation, he was engaged in a wide range of tech-related business development,
DX/GX initiatives, Corporate Venture Capital investments/operations in the US, Europe, and Israel,and management planning. He is a graduate of the School of Science and Engineering, Waseda
University, measuring in Electronic and Communications Engineering.
JCI will continue to contribute to society through its services and products, with the mission ofproviding secure and reliable transportation of data, and striving for sustainable enhancement ofcorporate value.

About Japan Communications Inc. (JCI)
Japan Communications Inc. is the mobile solution innovator that has created the MVNO industry
with its vision since its establishment in 1996. In today's world, where digitalization is advancing andeverything is connected through networks, our patented technology, the Personal Wireless Leased
Line, has obtained PCI DSS certification, an international security standard, for all its main systems.
This technology is adopted in fields that require high levels of security, such as banks, and credit
card companies. Furthermore, JCI is building a common platform for secure and reliable digital IDs
that provide the highest level of security without compromising convenience. This enables theprovision of safe and convenient services for the entire society, including financial transactions using
smartphones. We continue to embrace our challenger spirit, aiming to provide a safe mobileenvironment as a social infrastructure.