Asahi Group Holdings Co., Ltd.

At today's board meeting, it was decided to transition from a company with a board of auditors to a company with a nomination committee, etc., on the condition of approval at the regular shareholders' meeting scheduled for March 2025, as announced below.

The company will transition from a company with a board of auditors to a company with a nomination committee, etc., with the aim of clarifying the roles of oversight and execution in management, strengthening both functions, and building an organizational audit system. By establishing a high transparency institutional design with a statutory nomination committee, audit committee, and remuneration committee, we aim to further enhance corporate governance and improve sustainable corporate value.
In April of this year, we redefined the functions of the traditional CxO and established Group CxO, while transitioning to an executive system in which the CEOs of each Regional Headquarters (hereinafter, Region CEOs) participate in the overall management of the group. The Executive Committee, which was established simultaneously under the Group CEO as an advisory body, consists of Group CxOs and Region CEOs, and discusses themes related to the group's overall strategy and cross-group initiatives, providing advice to the Group CEO. To effectively supervise the significantly strengthened executive structure, it has been decided to transition to a company with a nomination committee, etc.
Regarding the audit system, in response to the expansion of the organization due to globalization, we aim to build a more effective audit system that is efficient and comprehensive by establishing an organizational audit system through the audit committee.

At the regular shareholders' meeting scheduled for March 2025, approval for the necessary amendments to the articles of incorporation for the transition will be sought, and the transition to a company with a nomination committee, etc., is planned.

Details regarding the amendments to the articles of incorporation and Company Executives appointments associated with the transition will be announced as soon as they are determined.