Chugin Infinity Fund 3 Executes Investment in Pixie Dust Technologies

Chugin Capital Partners (Okayama City; Representative Director: Hiroyuki Okada) has undertaken a third-party allotment of new shares in Pixie Dust Technologies, Inc. (Chuo-ku, Tokyo; Representative Directors: Yoichi Ochiai, Taiichiro Murakami) through the 'Chugin Infinity Fund 3', which targets startup companies for investment.

Pixie Dust Technologies is an advanced technology company that creates new value in human perception and spatial design based on proprietary technologies that control waves such as sound and light. Based on university research outcomes, the company is working on realizing new solutions in fields like healthcare, spatial design, and communication.

These technologies are expected to lead to the solution of previously invisible challenges and the creation of new industries.

Through this investment, Chugin Financial Group will support the company's growth while focusing on the progress of the social implementation of Pixie Dust Technologies' advanced technologies. The group also aims to collaborate with local universities and research institutions to enhance the social implementation of their technological seeds. Furthermore, anticipating future potential applications in fields such as local healthcare, nursing, tourism, and urban development, the group will connect this to initiatives that bring new value to the local community.

1. Overview of the Investment Investee Name: Pixie Dust Technologies, Inc. (Chuo-ku, Tokyo) Representatives: Yoichi Ochiai, Taiichiro Murakami Established: May 10, 2017 Business Activities: Development and social implementation of products and services utilizing wave control technology

[Comment from Mr. Murakami, Representative Director, Pixie Dust Technologies, Inc.] We are honored to welcome Chugin Capital Partners, with its strong local network, as our partner. With this alliance, we are confident that we can implement our 'wave control technology' into real-world challenges such as healthcare, nursing, and tourism, continuously updating the local community. Through the synergy of both companies, we aim to contribute to solving social issues in the region and across Japan.

[Main Products & Services] - SonoRepro: A home scalp care device born from ultrasound research - kikippa: A sound care device that stimulates the brain with gamma-wave sounds - VUEVO / VUEVO Display: Communication support services that visualize conversations in real time - iwasemi: Unique acoustic panels and sound insulation materials - TOTTARROW: Rebar inspection support service for the construction industry

2. Overview of 'Chugin Infinity Fund 3' Name: Chugin Infinity Fund 3 Investment Limited Partnership Management Company: Chugin Capital Partners Amount: 2 Billion Yen Operating Period: June 2025 - December 2036 (Approx. 12 years)