Notice of Establishment of Subsidiary Company

On Friday, June 10, 2022, Gion & Pacific Holding Co., Ltd established Gion & Pacific Holdings (USA) Inc. as a wholly owned subsidiary of Gion & Pacific Holdings Co Ltd.

The US subsidiary will serve as a hub for business expansion to North America and Canada. Its main tasks are developing mobile applications and expanding the global profile of parent companies and digital assets in the United States.

Lee Longshaw has been appointed Chief Executive Officer and Masayuki Hashiguchi has been appointed Chief Operating Officer.