Tashkent, Uzbekistan — September 8, 2025 — The Joint-Stock Company “Republican Stock Exchange ‘Toshkent’” (hereinafter referred to as the “Exchange”) announces changes in its executive leadership.

As of today, Mr. Giorgi Paresishvili has stepped down from his position as Chairman of the Board of the Exchange following the completion of his term. Mr. Paresishvili assumed this role in September 2022. Over his three-year tenure, he achieved significant milestones, including substantial increases in trading volumes and number of executed trades, improvements in the company’s financial performance, the establishment of a high-functioning operational team, and the implementation of systematic knowledge transfer. A key focus area was the modernization of the exchange’s technological infrastructure—including the introduction of APIs and next-generation digital services that enable remote brokerage account opening and trading via mobile applications—as well as the global real-time dissemination of the Exchange’s market data. Furthermore, he made noteworthy contributions to reforms in Uzbekistan’s legal and regulatory framework to enhance transparency and make the national capital market more attractive to investors, and in raising awareness of the Uzbek securities market among international investors.

“I would like to express my gratitude to the shareholders, colleagues, members of the Supervisory Board, the regulator – the National Agency of Perspective Projects – and market participants for fruitful cooperation and support. I hope that our work will help Uzbek capital market continue to grow and develop at the high pace it deserves,” Mr. Paresishvili said in his farewell address.

By decision of the Supervisory Board, Mr. Fayzulla Tashov has been appointed Acting Chairman of the Board. Mr. Tashov began his career during 2001–2005 at the Commercial Bank “Uzpromstroybank.” From 2005 until present, he has held leadership positions at the Central Securities Depository of Uzbekistan, and since 2024 has served as Head of the Depository Services & Settlement Operations Department at the Central Securities Depository.

“I would like to thank Giorgi Paresishvili for his collaboration in developing the market, and I look forward to his continued support and guidance in the future. The Tashkent Stock Exchange stands on the threshold of significant transformation in its operations and market development, and we will exert every effort to remain an active participant in this process,” Mr. Tashov said in his welcoming remarks.

Shareholders, represented by the the State Assets Management Agency of the Republic of Uzbekistan (UzSAMA) and the Korea Exchange (KRX), members of the Supervisory Board, the Exchange’s management team, as well as representatives of the National Agency of Perspective Projects, the Central Securities Depository, the National Association of Investment Institutions (NAII), and other market participants gathered at the Exchange’s headquarters to bid farewell to Mr. Paresishvili and welcome Mr. Tashov.