Nippon Thompson Co., Ltd. Makes an LP Investment in Cross Capital I Limited Partnership, Achieving Both Access to Global Startups and Business Development Support!

Nippon Thompson Co., Ltd. (Headquarters: Takanawa, Minato-ku, Tokyo, President and CEO: Mikito Hosono) announced today that it has made an investment as a Limited Partner (LP) in a Fund of Funds* (hereinafter, FoF) operated by Cross Capital Pte. Ltd. (Headquarters: Singapore, Co-Founder CEO: Takaki Nakamura, Co-Founder CFO: Fumi Takashima, hereinafter "Cross Capital"), which specializes in supporting the implementation of open innovation for Japanese companies.

*A fund model aimed at risk reduction and stable operation through diversified investments in multiple funds, rather than direct investments in companies. By investing in multiple overseas funds, it is possible to build networks with global startup companies.

Taking on the Challenge of New Technologies and New Domains through Open Innovation on a Global Scale!!

Our corporate group has set the long-term vision "IKO VISION 2030" as our target state for fiscal 2030, and we are working on sustainable growth and medium- to long-term improvement of corporate value. In addition, under "Contribution to technological innovation utilizing core technologies," which is one of our materialities, we have set "Promotion of open innovation, such as industry-academia-government collaboration" as an initiative task, and have implemented various measures so far.

In recent years, as the speed of technological innovation and the sophistication and diversification of customer needs accelerate further, the importance of open innovation, which combines external technologies and ideas with our own technologies and knowledge, is increasing more than ever. Our corporate group will maximize the use of this investment as a powerful engine to accelerate the "challenge to new technologies and new domains," and will actively develop new businesses and new domains through open innovation on a global scale.

Cross Capital Company Overview Company Name: Cross Capital Pte.Ltd. Representative: Co-Founder CEO Takaki Nakamura URL: https://crosscapital.ltd/ Business Overview: Utilizing the broad network unique to FoF, providing a hands-on business development support mechanism aimed at implementing innovation for Japanese companies.

Overview of Cross Capital I Limited Partnership