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Notice Regarding Commitment Line Agreement

Jun 30, 2020

TechnoPro Holdings, Inc hereby announces that it has entered into the following commitment line agreement, with intention of 1) extending the commitment period of the existing commitment line for working capital usage and 2) expanding the commitment amount.

1. Reasons for new commitment line agreement

In anticipation of the spread and prolonged pandemic of the new coronavirus (COVID-19), as well as the possibility of ensuing global recession, TechnoPro Holdings, Inc. has established a new commitment line to secure agile and stable funding sources and to further strengthen its financial base from the perspective of reinforcing backup line of credit to prepare for unforeseen contingencies.

2. Details of the commitment line agreement

(1) Use of FundsWorking capital
(2) Commitment Amount10 billion yen in total
(3) CreditorsSumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., Sumitomo Mitsui Trust Bank, Limited, Shinsei Bank, Limited, The Tokyo Star Bank, Limited, Aozora Bank, Ltd.
(4) Signing DateJune, 2020
(5) Type of AgreementIndividual bilateral agreement
(6) Commitment Expiration DateJune 30, 2021

3. Future outlook

TechnoPro Holdings, Inc. does not expect this commitment line agreement to have a material impact on its consolidated financials.

Note: This document is provided for informational purpose only. If there are any discrepancies between this and the original, the original Japanese document prevails.