Penguin Trade Launches 'Auction Pay' Payment Service for B2B Auctions

Penguin Trade Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; Representative Director: Yuichi Sato; hereinafter "the Company") is pleased to announce the introduction of "Auction Pay," a payment service for B2B auctions provided in collaboration with Valuence Japan Inc. (Headquarters: Minato-ku, Tokyo; Representative Director: Mitsutoshi Tomita; hereinafter "Valuence Japan"), Paygent Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President and CEO: Junichi Suzuki; hereinafter "Paygent"), and Infcurion Inc. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Hiroki Maruyama; hereinafter "Infcurion"), to the auction services operated by the Company.

This initiative marks the first case of the service being introduced to an external auction operator following its implementation at "STAR BUYERS AUCTION" operated by Valuence Japan. The Company aims to provide participating businesses with more flexible and convenient payment methods.

### Cash Flow Challenges in Reuse Auctions
In B2B reuse industry auctions, short payment terms are required after winning a bid, while it often takes time to resell the items. This gap creates significant cash flow challenges for participants.
In recent years, there has been a growing demand from participating companies to pay invoices via credit cards, necessitating the development of flexible payment options.

### Values Expanded by 'Auction Pay'
By introducing this service, companies using the Company's auctions can now pay invoices with corporate credit cards, offering the following benefits:
- Improved cash flow through flexible payment timing
- Enhanced operational efficiency and prevention of human error by reducing bank transfer tasks
- Utilization of card points
- Reduction of the financial burden in auction transactions

### Service Details
"Auction Pay" is a B2B payment service that utilizes "BizPay Invoice Card Payment" provided by Paygent and "Winvoice" provided by Infcurion. Details for each auction operated by the Company are as follows:
- Penguin Auction: Paygent "BizPay Invoice Card Payment"
- JRB Auction: Paygent "BizPay Invoice Card Payment"
- Asuoku: Paygent "BizPay Invoice Card Payment"
- Tsunaoku: Paygent "BizPay Invoice Card Payment"
- Penguin Trade: Infcurion "Auction Pay Powered by Winvoice"

By making the same payment scheme available across multiple auctions, participating businesses no longer need to adapt to different payment methods for each service, which is expected to result in a smoother transaction environment.

### Future Outlook
The Company will continue to strive for a highly convenient transaction environment for all participants and work continuously on service improvements, including the expansion of payment methods. Furthermore, through this initiative, the Company aims to contribute to the promotion of cashless transactions and the revitalization of the reuse industry as a whole, supporting the further development of the reuse market.