Unbanked Sets Up Independent Committee to Investigate Governance Issues

TOKYO, Jul 15 (Pulse News Wire) – Unbanked Inc. (8746.T) has established an independent committee to investigate potential governance issues related to external individuals influencing key decisions within the company.

Following reports suggesting that a specific individual (referred to as "Mr. A") and their associates had significant influence over the company's operations and important decision-making processes, the board decided to set up the Third Party Special Investigation Committee during a meeting held on June 26, 2026. The investigation aims to address several key areas: 1. Identify any personal or transactional relationships between Mr. A and his associates with Unbanked Group employees. 2. Assess whether Mr. A and his associates exerted influence over the company’s management, personnel appointments, transactions, funding, information management, litigation responses, and other crucial decisions. 3.

Propose recommendations to address governance weaknesses and prevent future occurrences. Background for the establishment includes multiple reports, certified mail, whistleblowing, and information provision indicating Mr. A's involvement in the company's operations. Despite emails sent to all directors for confirmation, some directors did not respond, leading the company to conclude that internal investigations alone would lack sufficient independence, objectivity, and effectiveness. Therefore, an external expert-led committee was deemed necessary. The committee will consist of lawyers, certified public accountants, and other external specialists without conflicts of interest with the company or the subjects of the investigation. Once finalized, the composition will be promptly disclosed. Unbanked Inc. pledges full cooperation with the investigation and will implement corrective measures and preventive actions based on the findings swiftly.