TOKYO--(BUSINESS WIRE)--The Board of Directors of SQUARE ENIX HOLDINGS CO., LTD. (the �Company�) announced today the following proposed changes regarding the position of Representative Director at the Company and a consolidated subsidiary.

1. Proposed Change in the Company�s President and Representative Director

(1) Reason for proposed change

Under the rapid change of business environment surrounding the entertainment industry, the proposed change is intended to reshape the management team with the goal of adopting ever-evolving technological innovations and maximizing on the creativity of the Company�s group in order to deliver even greater entertainment to its customers around the world.

(2) Details of proposed change

(3) Biography of New President and Representative Director

(4) Effective Date

The change is to be officially finalized pending approval at the 43^rd Annual Shareholders� Meeting scheduled for June 2023 and the meeting of the Board of Directors to be held thereafter.

2. Proposed Change in the President and Representative Director of a Consolidated Subsidiary

(1) Detail of proposed change

(2) Effective Date

The change is to be officially finalized pending approval at the Annual Shareholders� Meeting scheduled for May 2023 and the meeting of the Board of Directors to be held thereafter.

Contacts

Kazuka Nohara

Corporate Communications, SQUARE ENIX HOLDINGS

[email protected]