Pan Pacific International Holdings establishes new advisory committees

Pan Pacific International Holdings Corporation (TSE:7532) resolved today, October 1, 2025, to establish a Nomination Committee and a Compensation Committee. These new bodies will serve as voluntary advisory committees to the board of directors, aiming to strengthen fairness, objectivity, and transparency in evaluating and decision-making processes related to director nominations and compensation. This move clarifies and separates functions previously handled by the Nomination and Compensation Committee announced on January 19, 2021.

Each committee will consist of three or more members, with a majority comprising independent outside directors. The chairperson of each committee will be elected by resolution of the board of directors from among the independent outside directors serving as committee members. Both committees are effective immediately.

The Nomination Committee will primarily deliberate on matters concerning the appointment and dismissal of directors, the appointment and removal of representative directors, and other matters referred by the board. The Compensation Committee will focus on matters concerning the compensation of directors and other officers, as well as other matters referred by the board of directors.