Notice of Workthy Inc. Joining the Midas Group

Midas Capital Inc. (Headquarters: Minato-ku, Tokyo; Representative Director: Yoshimura Hideki; hereinafter 'the Company') announces that through the formation of Imoto Kenji Midas A Limited Liability Partnership and Imoto Kenji Midas B Limited Liability Partnership (both funds have Imoto Kenji as the principal investor) and the acquisition of shares by the Midas Capital Flagship Fund Limited Liability Partnership (hereinafter 'Midas Flagship Fund') operated by the Company, Workthy Inc. (Headquarters: Fukuoka City, Fukuoka Prefecture; President and Representative Director: Imoto Kenji; hereinafter 'Workthy') has joined the Midas Group. Imoto Kenji Midas A Limited Liability Partnership and Imoto Kenji Midas B Limited Liability Partnership are collectively referred to as the 'Owner Fund,' and the Midas Flagship Fund and the Owner Fund are collectively referred to as the 'Midas Fund.'

On this occasion, Mr. Imoto, the representative director of Workthy, agreed with the Company's vision of 'creating a group of world-class companies' and its management support system covering business, technology, and finance. Accordingly, he decided to contribute in kind the Workthy shares he effectively holds to the newly established Owner Fund.

After the execution of this matter, there will be no substantial change in Mr. Imoto's management rights over Workthy, and he will continue to lead management as representative director.

Workthy is a company based in Fukuoka that realizes business transformation for government agencies and enterprises through AIX and DX. It has industry-leading track records, particularly in fields requiring high reliability and security, such as government and financial institutions.

In recent years, amid an environment demanding fundamental reviews of business processes in both government and enterprises, Workthy has contributed to continuous value creation for clients through an approach that goes beyond system implementation to redesign operations themselves, and a structure that comprehensively handles development through operation.

The Company, considering the sustained market expansion of AIX, DX, and business reform areas, as well as Workthy's competitive development capabilities, unique positioning, and scalability of its business model, has also made an investment from the Midas Flagship Fund.

Going forward, Workthy, with management support from the Company, plans to drive business expansion starting with strengthening sales structures including the Tokyo metropolitan area, along with functional expansion through M&A and development of new services. Additionally, by advancing organizational and governance system improvements with a view toward a future listing, the company aims for further growth.