Business Alliance with Danto Holdings for Full-Scale Entry into the Real Estate Asset Management Business by Tokyo Asset Solution Co., Ltd.

Tokyo Asset Solution Co., Ltd. (Headquarters: Minato-ku, Tokyo, CEO: Nobuaki Terashiki, hereinafter 'the Company') announces that it has concluded an agreement with Danto Holdings Corporation (TSE Standard (5337), hereinafter 'Danto') to acquire a portion of shares in Touchstone Capital Management Co., Ltd. (hereinafter 'TCM'), a consolidated subsidiary of Danto, and a business alliance agreement regarding the real estate asset management business centered on TCM.

Through this alliance, in addition to its traditional real estate solution business focusing on real estate development and revitalization, the Company will fully enter the real estate asset management sector, aiming to expand its business portfolio and diversify its revenue base.

1. Background and Purpose of the Alliance

The Company has been providing high-value-added real estate solutions centered on the acquisition, development, revitalization, and sale of real estate. In recent years, against the backdrop of diversifying investor needs and the advancement of financial and real estate markets, the importance of a system capable of providing integrated services from development to operation has increased.

TCM possesses extensive experience and expertise in the fields of real estate asset management and investment advisory. Through this alliance, we have determined that we can achieve the following: - Strengthening the operational capability of income-producing properties owned and developed by the Company - Expanding investment opportunities through the fund business - Building a system capable of providing an end-to-end service for development, operation, and exit strategies

2. Overview of the Business Alliance

The Company, Danto, and TCM concluded a series of agreements related to a business alliance with the following content on March 31: - The Company will acquire 50% of the issued shares of TCM, 100% owned by Danto. We will develop a fund business targeting income properties owned or developed by the Company. - Promote joint ventures in the real estate asset management field. - Consider and participate in new real estate financial products, such as digital securities utilizing security tokens in the future.

3. Future Outlook

Through this alliance, by integrating real estate development capabilities with asset management functions, the Company aims to provide more sustainable and highly valuable real estate services to investors, tenants, and local communities. We will continue to accurately grasp changes in the market environment and actively engage in creating new value originating from real estate.

4. Overview of Danto and TCM

(1) Danto Name: Danto Holdings Corporation Location: 1290 Kita-Ama Igano, Minamiawaji City, Hyogo Prefecture Representative Title/Name: Representative Director and President, Tatsushi Maeyama Business Description: Pure holding company / Real estate leasing Capital: 2,171 million yen Date of Establishment: August 15, 1885

(2) TCM Name: Touchstone Capital Management Co., Ltd. Location: 2-5-8 Akasaka, Minato-ku, Tokyo Representative Title/Name: Representative Director and President, Masami Fukushige Business Description: Real estate asset management business and investment advisory business Capital: 400 million yen Date of Establishment: June 27, 2005

--- Company Overview Tokyo Asset Solution Co., Ltd. Location: 1-16-4 Toranomon, Minato-ku, Tokyo Representative: Representative Director and President, Nobuaki Terashiki