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ANNOUNCEMENT REGARDING ESTABLISHMENT OF SUBSIDIARY ‘World Link, Inc.’ AS PART OF STRATEGIC PARTNERSHIP WITH SINA JAPAN SYNTHESIS NETWORK GROUP CO., LTD., HOLDER OF MARKETING RIGHTS TO ALL WEIBO PRODUCTS AND EXCLUSIVE MARKETING RIGHTS TO SINA, ONE OF CHINA’S LARGEST MEDIA GROUPS

RELEASE

CROOZ, Inc. (headquarters: Minato-ku, Tokyo; CEO: Koji Obuchi) hereby announces the decision to establish a consolidated subsidiary via joint investment with SINA Japan Synthesis Network Group Co., Ltd.,*1 Chairman Zephyr Zhou, and Shincho International Trading Co., Ltd.,*2 President Noboru Matsuo.

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