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Capital increase via third-party allocation at second-tier subsidiary (conversion to specified subsidiary)

RELEASE

Candle inc. (headquarter: Shibuya-ku, Tokyo; CEO: Yasuyuki Kin), a company mandated to generate new businesses within the CROOZ Group, has established MimiTV Inc. (headquarter Shibuya-ku, Tokyo; Representative Director: Kazuki Yamashita; hereinafter “MimiTV”), a company involved in the planning, development, and operation of video media, as part of its exploration of new challenges, and resolved today to raise capital for MimiTV through a third-party allocation of shares to B Dash Fund No. 3 Investment Limited Partnership.

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