Launch of "Okazaki Public EV Share" Operations

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 are launching the "Okazaki Public EV Share" (hereinafter "this project") as part of their efforts to realize a Zero Carbon City. This initiative involves the phased transition of 68 municipal vehicles owned by Okazaki City to electric vehicles (hereinafter "EVs"), with two of these vehicles being made available for use by citizens and tourists.

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: Hidenori Kigami) *3. Sumitomo Mitsui Finance and Leasing Company, Limited (President: Tetsuro Imaeda) *4. Sumitomo Mitsui Auto Service Company, Limited (President: Koji Aso) *5. REXEV Inc. (President: 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 Purpose Okazaki City (co-proposers: Aichi Prefecture and Mitsubishi Motors Corporation) was selected as a "Second Decarbonization Leading Area" in November 2022 and is advancing initiatives toward the realization of a "2050 Zero Carbon City."*8

As part of this, we are implementing this project to electrify 68 municipal vehicles and allow citizens and tourists to use them for shopping, sightseeing, and other purposes after business hours on weekdays and on holidays.

The EVs introduced are intended to operate entirely on renewable energy. In addition to an expected reduction of 80.7 t-CO2 annually compared to conventional gasoline vehicles, this project aims to promote the adoption of EVs, reduce environmental impact through the penetration of the sharing economy, diversify transportation options, and effectively utilize municipal vehicles.

*8. Decarbonization Leading Area "What to do about decarbonization? Urban development starting from Okazaki Castle Town, focusing on energy conservation, creation, storage, and management." Okazaki City website: https://www.city.okazaki.lg.jp/1550/1564/3512/p037111.htm

2. Overview of the Project (1) Operation Start Date: Available from 18:00 on Wednesday, April 1, 2026 (2) Vehicles Used: 2 Mitsubishi Motors "eK X EV" light EVs. (We will consider expanding the number of locations and vehicles based on usage analysis.) *The vehicle wrapping design was provided by Aichi Gakusen University. (3) Location: Okazaki City Hall East Multi-story Parking Lot, 1-43 Ryo-machi, Okazaki City, Aichi Prefecture (4) Usage Hours: - Monday to Friday: 18:00 to 7:00 the following day (Available all day on public holidays) - Saturdays, Sundays, Public Holidays, and Year-end/New Year holidays (12/29–1/3): 0:00 to 23:59 *Used as municipal vehicles from 8:30 to 17:15, Monday to Friday (excluding public holidays and year-end/New Year holidays). (5) How to Use: After registering as a member, reservations can be made by downloading the car-sharing service app "N.mobi App"*9 to a smartphone. *9. Registration requires an image of your driver's license (both sides) and a credit card in your name. (6) Usage Fees: From 220 yen (tax included) per 15 minutes* *For those enrolled in the "Itsumo Plan" (monthly base fee of 1,100 yen, tax included). For the "Tamani Plan" (no monthly base fee), rates start from 264 yen (tax included) per 15 minutes.

3. Overview of Usage Procedure To use the service, users must register as members themselves and perform vehicle reservations, usage, and returns through the "N.mobi App."*10 *10. To use the service, you must download the app and register an account via the dedicated site below. N.mobi website: https://www.nttbizsol.jp/nmobi/

4. Division of Roles - Okazaki City: Principal entity of 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: Provision of EV leasing and maintenance - REXEV Inc.: Provision of smart chargers and in-vehicle systems; provision of the EV car-sharing, vehicle management, and charging control platform (e-Mobility Management Platform: eMMP) - Mitsubishi Motors Corporation: Provision of "eK X EV" and "MINICAB-MiEV" to Okazaki City via Sumitomo Mitsui Auto Service; vehicle data linkage and provision utilizing EV connected functions (see special notes below)

[Special Notes] In "N.mobi" and eMMP, some vehicle data acquisition previously handled by aftermarket in-vehicle devices can now be obtained via the automaker's connected functions. This allows the role of in-vehicle devices to be minimized, which is expected to stabilize service operations and reduce the burden of maintenance work. By utilizing vehicle data provided by the automaker, we will realize more efficient car-sharing operations.

5. Future Initiatives Okazaki City has a higher car ownership rate than the national average, and automobiles are closely linked to the lives of citizens. Regarding the decarbonization of the transport sector, it is necessary to shift to next-generation vehicles such as FCVs and EVs and promote the use of public transportation, premised on behavioral changes by citizens and businesses.

Moving forward, we will encourage behavioral changes among citizens and businesses through public-private partnership initiatives like this project. Furthermore, as Okazaki City takes the lead in electrifying municipal vehicles, we will promote the adoption of next-generation vehicles with low environmental impact by advancing subsidy systems for purchase costs and improving usage environments such as EV charging stations for households and businesses.

Additionally, NTT Business Solutions and the other participating companies will utilize their respective DX and GX technologies to expand this as a model case of "Decarbonization Domino" policies to other municipalities, aiming to realize carbon neutrality for society as a whole.

*The information contained in this news release is current as of the date of the announcement. Please be aware that it is subject to change.