Develop comprehensive payment-related services and finance-related services within the GMO Internet Group GMO Payment Gateway, Inc. (TSE Prime: Securities Code: 3769, President & Chief Executive Officer:Issei Ainoura GMO-PG) Managing Executive Officer Innovation Partners Division The Masaru Yoshioka of the Innovation Strategy Department General Manager in November 2022 We are pleased to announce that I will be appointed as a director of Japan Online Factoring Association (hereinafter referred to as "OFA").
In May 2018, GMO-PG will fund accounts receivable early by purchasing accounts receivable in order to support the growth of businesses from the financial side GMO B2B Early Payment (factoring)", and I will contribute to the sound development of the factoring market, including the appointment of OFA as a board member.

< Masaru Yoshioka Biography>

GMO Payment Gateway, Inc. Managing Executive Officer
Innovation Partners Division Innovation Strategy Department General Manager
After graduating from the Faculty of Law at the University of Tokyo in 1988, he became a The Mitsubishi Bank, Limited (now MUFG Bank, Ltd. ) in. Graduated from Northwestern University Graduate School of Business in 1997. After working in the New York branch, systems department, and marketing department of the bank, he was appointed director and general manager of the planning department of the E-net Co.,Ltd. in 2009. He joined GMO-PG in 2013 and was in charge of product strategy and new business planning in the payment and finance fields. Currently, BtoB in Innovation Strategy Department Engaged in BNPL business in payment processing business.

In order to create an environment in which online factoring, which is one of the means of raising funds other than financing using corporate accounts receivable, can be used with peace of mind, and to aim for the sound development of the factoring market, it is an organization that develops industry guidelines and conducts publicity and awareness-raising activities for correct information. In March 2020, the predecessor voluntary organization "Online Factoring Business Liaison Council" was launched, and on October 14, 2022, "Japan Online Factoring Association ( OFA)" was established. It was selected as a subsidized business operator by the Tokyo Metropolitan Government on October 31, 2022.

GMO-PG provides multifaceted support for business growth and operational efficiency.
As a support for cash flow improvement and funding that leads to growth, we provide "Early Payment Service" and "GMO-PG Transaction Lending" loans using transaction data and other methods for e-commerce businesses that have introduced GMO-PG's payment service. In addition, in BtoB transactions, GMO-PG purchases accounts receivable to provide "GMO B2B Early Payment (factoring)" to quickly monetize the accounts receivable of the business.
In addition to supporting growth, GMO-PG also provides a "GMO B2B AR Guarantee" to reduce the time and effort required for credit management in BtoB transactions and reduce the risk of non-collection of accounts receivable accounts receivable.
GMO Payment Service (hereinafter referred to as "GMO-PS"), a consolidated company of GMO-PG, provides Payment After Delivery service "GMO B2B Pay on Credit" for BtoB transactions, and provides financing support for businesses as a group.^（※）

• * The use of various services is subject to the screening required by GMO-PG and GMO-PS. It may not be available depending on the results of the review.