Announcement Regarding the Conclusion of a Partnership Agreement to Accelerate Global Business Growth

SPRIX Inc. (Headquarters: Nagaoka, Niigata; President: Hiroyuki Tsuneishi; TSE Standard Market: 7030; hereinafter "SPRIX") and Will Field Family Office Pte. Ltd. (Headquarters: Singapore; CEO: Fumiya Shino; hereinafter "Will Field") are pleased to announce that they have entered into a partnership agreement (hereinafter "the Agreement") today, aimed at the sustainable growth and enhancement of corporate value for SPRIX.

[Image: TOFAS certificate awarding ceremony in Egypt]

1. Background of the Agreement SPRIX is a comprehensive education company founded in 1997 in Nagaoka, Niigata. With the mission of "Renewing lives through education," the company provides new stages (seasons) in the lives of individuals through businesses such as "Mori Juku," one of Japan's largest one-on-one tutoring schools. By fusing the know-how and technology cultivated across various businesses, the company aims to deliver "spring" to customers around the world and realize its vision of becoming "No. 1 in the world in education."

The core of its overseas basic academic proficiency business is the Test of Fundamental Academic Skills (TOFAS). By creating a "meter of education" in basic academic skills—a metric that previously lacked a global standard—children around the world can now understand their current standing and identify their next goals. With over 15 million cumulative test-takers across more than 50 countries, the program is deepening its collaboration with local government agencies in regions including the Middle East and North Africa (MENA), Southeast Asia, and Latin America.

Will Field Group is a Singapore-based family office established in 2021. It invests primarily in Japanese listed stocks, private equity, and startups. While providing hands-on support to its portfolio companies, it has built a network of domestic and international investors and entrepreneurs. As a shareholder, Will Field has long resonated with SPRIX’s educational philosophy and its mission to "bring a new season to the life of every student," and has held shares in the company for some time.

Both companies have confirmed that this long-term relationship of trust and Will Field's network are now at a stage where they can be specifically utilized for SPRIX's current needs, leading to the formal conclusion of this partnership agreement.

2. Purpose of the Agreement Under this agreement, Will Field will support the establishment of SPRIX's local revenue bases, primarily by identifying and introducing private-sector partners in various countries. Furthermore, both companies will collaborate to explore joint investment and business opportunities with education-related companies and startups in each country, seeking synergies with SPRIX's overseas expansion.

Through these cooperative efforts, both companies aim to establish a sustainable revenue base for SPRIX's overseas business and enhance its corporate value.

3. Comments from Representatives Comment from Hiroyuki Tsuneishi, President of SPRIX Inc.: "Through our success in Egypt, an effective development model for the global expansion of TOFAS has become clear, and we are now at a critical turning point as we move into the next stage of growth. At this timing, it is highly significant to have concluded a partnership 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 force in delivering our educational services more quickly and reliably to the places where they are needed. Through our collaboration, we will accelerate the challenge of delivering the value of 'renewing lives through education' to children around the world."

Comment from Fumiya Shino, CEO of Will Field Family Office Pte. Ltd.: "What SPRIX is trying to embody through TOFAS is the ambition to combine technology with Japanese educational expertise to provide equal access to basic academic skills to children born anywhere in the world. Resonating with this mission—to bridge the educational divide and contribute to human resource development in the Global South—was the starting point for our group becoming a shareholder in SPRIX."

"With this formal partnership, in addition to our long-term commitment through capital, we will provide concrete support for SPRIX's business development in each country by leveraging our connections with investors and entrepreneurs in Southeast Asia, the Middle East, and Africa, as well as by exploring joint investment opportunities. I am very honored to be able to move forward together with SPRIX in their goal of bringing a new season to the life of every child."

4. Company Profiles SPRIX Inc. [Image]

Will Field Family Office Pte. Ltd. [Image]