Shosukabu.com Transfers Shares of Mikata Small Amount and Short Term Insurance to Bengo4.com

Shosukabu.com Co., Ltd. (Headquarters: Nerima-ku, Tokyo; Representative Chairman: Yutaka Yamanaka; hereinafter "the Company") has reached an agreement to transfer ordinary shares of Mikata Small Amount and Short Term Insurance Co., Ltd. (Headquarters: Chuo-ku, Tokyo; Representative Director: Hiroyuki Hanaoka; hereinafter "Mikata") to Bengo4.com, Inc. (Headquarters: Minato-ku, Tokyo; Representative Director: Taichiro Motoe; hereinafter "Bengo4.com").

### 1. Background and Purpose of the Transfer
The Company operates under the philosophy of "providing liquidity opportunities to minority shareholders of unlisted companies and supporting the proper exercise of rights and the optimization of corporate governance," utilizing unique data and strategic approaches.

Since acquiring shares in Mikata last year, the Company has been monitoring its sustainable growth and governance. During this process, sincere and constructive discussions regarding industry reorganization were held among Mikata's management and Bengo4.com, which possesses a robust platform in the legal and insurance tech space.

As a result of this deep tripartite dialogue, it was concluded that developing Mikata's business under the umbrella of Bengo4.com, which aims to evolve legal infrastructure, would generate the highest synergy for maximizing Mikata's enterprise value. This conclusion led to the realization of the share transfer.

### 2. Embodying the Company Philosophy (Creating Liquidity for Other Minority Shareholders)
This transaction is not merely an exit through the sale of the Company's holdings to an optimal buyer.

Within the framework of this transfer, a mechanism has been secured to provide similar opportunities for share sales to minority shareholders other than the Company. This is a clear manifestation of our core philosophy: creating substantial liquidity opportunities for minority shareholders of unlisted companies, who are often at a disadvantage regarding information and liquidity.

The Company believes that by utilizing data-driven logic and structural leverage, it has presented a new model case for resolving the disadvantages faced by minority shareholders.

### 3. Overview of the Transferred Shares
* **Target Company:** Mikata Small Amount and Short Term Insurance Co., Ltd.
* **Number of Shares:** Undisclosed.
* **Transferee:** Bengo4.com, Inc.

### 4. Future Outlook
The impact of this transfer on the Company's performance is expected to be minor or is currently under scrutiny. The Company will continue to promote strategic investments and governance activities aimed at normalizing corporate governance in Japan and resolving liquidity risks in the unlisted stock market.

### Representative Profile: Yutaka Yamanaka
Born in December 1976, Yutaka Yamanaka is a representative activist investor of the '76 generation. He is recognized internationally as an "activist investor who understands technology." He is the first Japanese individual in history to achieve an asset formation of over 150 billion yen solely through investment.

In the early 2010s, he focused on NVIDIA, which develops GPGPU and AI-related semiconductors, investing approximately 2 billion yen and eventually achieving a return of over 100 times. This made him the first Japanese individual to enter the billionaire ranks purely as an investor.

He graduated as the valedictorian from the Faculty of Economics at the University of Tokyo, earned a Master's degree in Financial Engineering from Columbia University, and studied at the London School of Economics (LSE). He is currently a shareholder in over 1,000 listed and 200 unlisted companies worldwide, with investments spanning AI startups in Israel, healthcare ventures in Nigeria, and battery manufacturers in Taiwan.