Strategic Partnership Agreement (MoU) with VXLS, a subsidiary of India's leading EdTech company Veranda, and acquisition of Veranda shares

CPA Excellent Partners Co., Ltd. (hereinafter "the Company") has entered into a Memorandum of Understanding (MoU) for a strategic partnership with Veranda XL Learning Solutions Private Limited (hereinafter "VXLS"), a group company of Veranda Learning Solutions Limited (hereinafter "VLS"), a major Indian education service provider. This partnership, facilitated through the Company's Singapore-based subsidiary CPA Excellent Partners Singapore Pte. Ltd., which serves as the hub for global business operations, aims to foster the development of accounting and finance professionals and provide global recruitment support. Concurrently, with the objective of establishing a long-term strategic relationship with VXLS, the Company has acquired shares in VLS through the open market.

Background and Objectives of the Partnership

In recent years, the movement of highly skilled professionals and bilateral cooperation in education and skills between India and Japan have steadily deepened. In the accounting and finance domain, the global demand for outstanding Indian professionals with international qualifications is also on the rise.

VXLS operates "J.K. Shah Classes," an accounting qualification preparatory brand with an overwhelming track record and trust in India, boasting a vast network of excellent students and graduates.

The Company, on the other hand, provides advanced career support platforms and expertise specializing in accounting and finance professionals. By integrating the strengths of both companies, we aim to establish a "structured international career path" that transcends traditional national borders, directly connecting employers worldwide with highly skilled accounting talent through digital technology.

Key Aspects of the Partnership

1. Talent Development

Joint planning and development of high-quality accounting qualification curricula and training content tailored to international industry standards and evolving market needs.

Sharing and instruction on skills and competencies (behavioral traits) required by employers in key markets such as India, Japan, the Philippines, Singapore, the United States, Canada, Australia, and the UAE.

2. Talent Placement and Employment Support

Creation of domestic and cross-border employment opportunities utilizing the CPA Excellent Partners platform.

Provision of comprehensive support throughout the process, including candidate sourcing and recommendation, interview coordination, and offer negotiation.

3. Direct Recruitment via Digital Platform

Establishment of a system enabling companies (employers) worldwide to directly search, evaluate, and recruit optimal candidates through the CPA Excellent Partners platform.

4. Career Support Services

Career counseling for candidates and graduates, assistance with English resume preparation, interview preparation, and long-term career advancement support after employment.

Veranda Learning Solutions Company Overview

Veranda Learning Solutions (VLS) (Parent Company/Group):

Established in 2018, VLS is a prominent listed education company representing India. Leveraging cutting-edge technology and a unique multi-modal delivery system, it operates a diverse range of educational businesses nationwide, catering to all learning needs from primary and secondary education to university studies, specialized qualification exam preparation, study abroad support, and IT skill acquisition. Through innovative learning methodologies, it provides a high-quality, personalized educational ecosystem for all generations.

Veranda XL Learning Solutions Private Limited (VXLS) (Operating Company/Specializing in Accounting):

As a core specialized operating company leading the Commerce vertical within the Veranda Group, VXLS operates an integrated online and offline learning platform focused on accounting and finance. As the entity behind the top brand "J.K. Shah Classes," which boasts an overwhelming track record across India, it nurtures and produces the next generation of global finance and accounting professionals at the forefront through the provision of the highest standards of exam preparation and practical skill training.

J.K. Shah Classes (JKSC):

Under the strong leadership of its founder, Professor J.K. Shah, JKSC is the absolute core institution driving the Commerce and Accounting education division of the Veranda Group. With over 42 years of history and tradition of educational excellence, it brings together industry-leading brands such as BB Virtuals to offer comprehensive programs for top professional qualifications like CA (Indian Chartered Accountant) and ACCA (Association of Chartered Certified Accountants). Through an innovative platform seamlessly integrating online and offline learning, it has established an unwavering track record and reputation for consistently producing top-ranking students (All India Rank holders).

Singapore Subsidiary Overview

Company Name: CPA Excellent Partners Singapore Pte. Ltd.

Location: 20 Anson Rd, #11-01, Singapore 079912

Establishment: September 9, 2025

Officers: Director Koji Ando, Chief Executive Officer

Director Keita Hatai, Managing Director

Business Activities:

- Overall management of global business and hub functions for overseas operations - Investment in and execution/management of M&A in India, the Philippines, etc. - Business development and market research in various countries - Overseas expansion of international qualification programs such as USCPA/USCMA - Overseas expansion of accounting and finance professional platforms

Company Overview

CPA Excellent Partners Co., Ltd.

Representative Director: Kensuke Kunimi

Established: September 2001

Location: Shinjuku THEATRE BLDG 5F, 3-14-20 Shinjuku, Shinjuku-ku, Tokyo

Reference URL: https://cpa-excellent-partners.co.jp/

Business Activities: Operation of CPA accounting school "CPA Kaikei Gakuin" (https://cpa-net.jp/)

Operation of e-learning "CPA Learning" for free study of bookkeeping and accounting finance (https://www.cpa-learning.com/)

Operation of転職エージェント "CPASSキャリア" specializing in accounting and finance professionals (https://cpa-career.jp/)

Operation of lifelong support platform "CPASS" for accounting and finance professionals (https://cpass-net.jp/)

Operation of job site "CPA Jobs" specializing in accounting and finance professionals (https://cpa-jobs.jp)