Partnership Agreement Signed to Accelerate Global Business Growth

Sprix Co., Ltd. (Headquarters: Nagaoka City, Niigata Prefecture, President and CEO: Hiroyuki Tsuneishi, TSE Standard Market: 7030, hereinafter referred to as "Sprix") and Will Field Family Office Pte. Ltd. (Headquarters: Singapore, CEO: Fumiya Shino, hereinafter referred to as "Will Field") today announced the signing of a partnership agreement (hereinafter referred to as "the Agreement") aimed at Sprix's sustainable growth and enhancement of corporate value. Award ceremony for TOFAS passers in Egypt

1. Background of the Agreement Signing Sprix, founded in Nagaoka City, Niigata Prefecture in 1997, is a comprehensive education company. With the mission of "Renewing lives through education," it provides new stages (springs) in each individual's life through its cram school business, including Japan's largest individual tutoring school, "Mori Juku." By integrating the know-how and technology cultivated across various businesses, Sprix aims to deliver "spring" to customers worldwide and realize its vision of "Becoming No. 1 in the world through education."

The core of its foundational academic skills business overseas is the international foundational academic skills test, 'TOFAS.' By creating an "educational meter" for foundational academic skills, which previously lacked a universal unit, Sprix enables children worldwide to understand their current standing and set future goals. In regions such as the Middle East and North Africa (MENA), including Egypt, Southeast Asia, and Central and South America, Sprix has deepened collaboration with local government agencies and others, with over 15 million people having taken the test in more than 50 countries worldwide.

The Will Field Group is a Singapore-based family office established in 2021. It engages in investments in private equity and startups, focusing on listed Japanese stocks, and has built a network of domestic and international investors and entrepreneurs while providing supportive assistance to its portfolio companies. Regarding Sprix, Will Field has resonated deeply with its educational philosophy and mission of "bringing a new season to each student's life" from an early stage and has been a continuous shareholder.

The two companies, having confirmed that the extensive network possessed by Will Field can be concretely utilized for Sprix's current needs, and based on this long-term relationship of trust, have now reached the stage of formally signing the partnership agreement. 2. Purpose of the Agreement Signing Under this Agreement, Will Field will primarily support Sprix in establishing local revenue bases in various countries by identifying and introducing private partners. Furthermore, both companies will collaborate in exploring joint investment and business opportunities with educational businesses and startups in each country, pursuing synergistic effects with Sprix's overseas expansion.

Through these collaborations, both companies aim to establish a sustainable revenue base for Sprix's overseas business and enhance its corporate value. 3. Statements from Representatives Statement from Hiroyuki Tsuneishi, President and CEO of Sprix Co., Ltd. Through the successful case in Egypt, a clear and effective development model for TOFAS's global expansion has emerged, and we are now at a crucial turning point entering the next stage of growth. It is highly significant to have entered into this partnership agreement with Will Field, a company that deeply resonates with our philosophy and has supported us as a shareholder for many years. Their extensive network will be a great asset in delivering our educational services more quickly and reliably to where they are needed. Through the collaboration between our two companies, we will bring new seasons to the lives of children around the world...