CLAS Secures Funding from Joyo Bank, Strengthening Collaboration with Regional Financial Institutions to Further Expand Circular Ecosystem

(CLAS service website: https://clas.style/)

CLAS Inc. (Headquarters: Meguro-ku, Tokyo; Representative Director and President: Hirotake Kubo; hereinafter "CLAS"), which builds a circular ecosystem for interiors, announces that it has secured funding through a loan agreement with The Joyo Bank, Ltd. (Headquarters: Mito City, Ibaraki Prefecture; Representative Director and President: Tetsuya Akino; hereinafter "Joyo Bank").

Background and Purpose of Funding

CLAS operates a circular platform that repairs, cleans, and reuses furniture and home appliances returned after use, under the vision of "Living Freely and Lightly." We have established a strong business model through optimizing our unique DX and logistics infrastructure and thoroughly improving unit economics.

This time, Joyo Bank recognized the social significance and future potential of our business, leading to the implementation of this funding. Through this procurement, we will further strengthen the "circular ecosystem" centered on durable consumer goods such as furniture and home appliances, and actively promote business development to deliver our services to customers in a wider range of regions.

We will continue to promote a circular economy that recycles resources and contribute to waste reduction and the realization of a decarbonized society, while deepening collaboration with regional financial institutions.

Comments from Representatives

### ■ Mr. Toru Tagaya, General Manager, Structured Finance Department, The Joyo Bank, Ltd.

CLAS Inc., under the vision of "Living Freely and Lightly," operates a circular platform for durable consumer goods, proposing a "new way of living" with flexible interior usage and purchasing experiences.

By controlling the value chain with a full-scratch system, initiatives for asset regeneration such as repair and cleaning, and building operations capable of handling various product types, they achieve both improved profitability and contribution to the realization of a circular society.

Our bank highly evaluated CLAS Inc.'s business model, its challenging attitude towards social issues, and its execution capabilities, leading to this loan execution.

We are confident that CLAS Inc.'s initiatives will lead to the realization of a sustainable circular society, and our bank will fully support its growth and contribute to solving social issues.

### ■ Takumi Hara, Manager, Strategy & Finance Department, CLAS Inc.

(Image description: A man in a suit, Takumi Hara, Manager of Strategy & Finance Department, CLAS Inc., smiling and looking at the camera.)