Regarding the Launch of "Okazaki Public EV Share"

Okazaki City*1, NTT Business Solutions Corporation*2, Sumitomo Mitsui Finance and Leasing Company, Limited*3, Sumitomo Mitsui Auto Service Company, Limited*4, REXEV Inc.*5, and Mitsubishi Motors Corporation*6, as part of their initiative to achieve a Zero Carbon City, will gradually replace 68 public vehicles owned by Okazaki City with electric vehicles (hereinafter referred to as "EVs"). Additionally, they will launch the operation of "Okazaki Public EV Share" (hereinafter referred to as "this project"), an EV car-sharing service for citizens and tourists using two of these vehicles. This project will be implemented through the EV car-sharing service "N.mobi"*7. *1. Okazaki City (Mayor: Yasuhiro Uchida) *2. NTT Business Solutions Corporation (President and CEO: Hidenori Kinogami) *3. Sumitomo Mitsui Finance and Leasing Company, Limited (President and CEO: Tetsuro Imaeda) *4. Sumitomo Mitsui Auto Service Company, Limited (President and CEO: Koji Aso) *5. REXEV Inc. (President and CEO: Ken Watanabe) *6. Mitsubishi Motors Corporation (President and CEO: Takao Kato)

*7. "N.mobi" is an EV car-sharing service operated by NTT Business Solutions Corporation. N.mobi website: https://www.nttbizsol.jp/nmobi/

1. Background and Objectives Okazaki City (joint proposers: Aichi Prefecture and Mitsubishi Motors Corporation) was selected as a "Second Batch of Front-Runner Regions for Decarbonization" in November 2022 and is promoting initiatives to achieve "Zero Carbon City by 2050."*8 As part of this initiative, the city will electrify 68 public vehicles and implement this project, allowing citizens and tourists to use them for shopping and sightseeing after business hours on weekdays and on holidays. The introduced EVs are all intended to operate on renewable energy electricity. Compared to conventional gasoline vehicles, an annual reduction of 80.7 t-CO₂ is expected. Furthermore, this project aims to promote the widespread adoption of EVs, reduce environmental impact through the penetration of the sharing economy, diversify transportation options, and effectively utilize public vehicles. *8. Front-Runner Regions for Decarbonization "What to do about Decarbonization? Town Development of Energy Saving, Energy Creation, Energy Storage, and Energy Coordination Starting from Okazaki Castle Town" Okazaki City website: https://www.city.okazaki.lg.jp/1550/1564/3512/p037111.htm 2. Project Overview (1) Start of Operation Available from 6:00 PM on Wednesday, April 1, 2026

(2) Vehicles and Number of Units Mitsubishi Motors Kei EV "eK X EV" - 2 units *Based on the analysis of usage status, expansion of installation locations and number of units will be considered.

The wrapping design of the vehicles was provided by Aichi Gakusen University.

(3) Installation Location Okazaki City Hall East Multi-story Parking Lot, 1-43 Ryōmachi, Okazaki City, Aichi Prefecture

(4) Usage Hours Monday to Friday: 6:00 PM to 7:00 AM the next day (available all day on holidays) Saturdays, Sundays, Holidays, and Year-End/New Year Holidays (December 29 - January 3): 12:00 AM to 11:59 PM *From 8:30 AM to 5:15 PM on weekdays (excluding holidays and year-end/new year holidays from December 29 to January 3), the vehicles will be used as public vehicles.

(5) How to Use After registering as a member, reservations can be made by downloading the car-sharing service app "N.mobi App"*9 onto your smartphone. *9. When registering, you will need an image of your driver's license (both sides) and a credit card in your name.

(6) Usage Fees From ¥220 per 15 minutes* (tax included) *For those who subscribe to the "Always Plan" (monthly basic fee ¥1,100 including tax). *For the "Occasional Plan" (no monthly basic fee), the rate is from ¥264 per 15 minutes (tax included). 3. Overview of Usage Method To use the service, users must register as a member and make reservations, use, and return vehicles through the "N.mobi App."*10 *10. To use the service, you need to download the app and register an account from the dedicated website below. N.mobi website: https://www.nttbizsol.jp/nmobi/

N.mobi App Membership Registration Site

4. Role Allocation Company Name Main Role Okazaki City Principal entity for this project NTT Business Solutions Corporation Provision of "N.mobi" service Sumitomo Mitsui Finance and Leasing Company, Limited Leasing of solar power generation equipment, storage batteries, and EV chargers Sumitomo Mitsui Auto Service Company, Limited Leasing and maintenance of EVs REXEV Inc. ・Provision of smart chargers and in-vehicle systems ・Service provision of EV car-sharing and vehicle management, charging control platform (e Mobility Management Platform: eMMP) Mitsubishi Motors Corporation ・Provision of "eK X EV" and "MINICAB-EV" to Okazaki City through Sumitomo Mitsui Auto Service Company, Limited ・Vehicle data linkage and data provision utilizing EV connected functions (see special notes below)

【Special Notes】 With "N.mobi" and eMMP, some vehicle data acquisition, which was traditionally handled by aftermarket onboard devices, can now be obtained through the connected functions of automobile manufacturers. This allows for minimizing the role of onboard devices, and is expected to lead to stabilization of service operation and reduction of maintenance workload. By utilizing vehicle data provided by automobile manufacturers, we will realize more efficient car-sharing operations. 5. Future Initiatives Okazaki City has a higher car ownership rate compared to the national average, and automobiles are closely involved in the lives of its citizens. Decarbonization in the transportation sector requires a shift to next-generation vehicles such as FCVs and EVs, and promotion of public transportation use, based on behavioral changes of citizens and businesses. Moving forward, we will encourage behavioral changes among citizens and businesses through public-private partnership initiatives like this project. Furthermore, Okazaki City will take the lead in electrifying public vehicles, and by promoting subsidies for the purchase of next-generation vehicles for households and businesses, and developing the usage environment such as EV charging stations, we will promote the spread of next-generation vehicles with low environmental impact. Additionally, NTT Business Solutions and the participating companies in this project will utilize their respective DX (Digital Transformation) and GX (Green Transformation) technologies to deploy this as a model case for "Decarbonization Domino Policy" to other municipalities, aiming to achieve carbon neutrality for society as a whole. ※The information contained in this press release is current as of the date of announcement. Please be aware that it is subject to change without prior notice.