Establishment of Hulic Startup Fund 2 and Investment in Recotech, Inc.

Hulic Startup Co., Ltd. (Representative Director: Takashi Uesugi) has announced the establishment of the 'Hulic Startup Investment Limited Partnership No. 2' (hereinafter, Hulic Startup Fund 2). Additionally, as the first project for Hulic Startup Fund 2, the company has decided to invest in Recotech, Inc. (Representative Director: Mamoru Nozaki, hereinafter 'Recotech'), which develops the resource circulation data platform 'pool.' The Hulic Group has executed a total of 17 investments through its first fund, established in 2021. Hulic Startup Fund 2 was established to carry forward the expertise gained from the first fund and to more strongly promote corporate investment, a key strategy in the recently announced 'Long-term Management Plan (2026-2036).' The fund aims to deepen value co-creation with startups possessing innovative technologies to achieve the group's sustainable growth. Recotech is a leading company in the circular economy sector, operating 'pool,' a platform that visualizes waste and optimizes resource circulation. By combining the company's advanced resource circulation solutions with Hulic's platform, the group will promote more effective initiatives to address the critical social issue of reducing environmental impact. [Overview of Recotech, Inc.] Established: May 2007 Head Office: KS Floor, Resona Kudan Bldg. 5F, 1-5-6 Kudan-Minami, Chiyoda-ku, Tokyo Representative: Mamoru Nozaki, Representative Director Business Description: Operation of the 'pool' platform for waste visualization and optimization of resource circulation Corporate URL: https://recotech.co.jp/ [Overview of Hulic Startup Co., Ltd.] Established: October 2021 Head Office: 7-3 Nihonbashi Odenmacho, Chuo-ku, Tokyo Representative: Takashi Uesugi, Representative Director Business Description: Promotion of business partnerships with the Hulic Group, support for corporate growth, etc. Shareholder: Hulic Co., Ltd. (100%) Corporate URL: https://www.hulic.co.jp/business/startup/