Mitsubishi HC Capital Inc. and AeroEdge Co., Ltd. signed "Memorandum of Understanding to Co-Create Business" (the "partnership agreement") as of November 20, 2023, to pursue new business development, commercialization assessment and discussion related to Digital Transformation ("DX") and Sustainable Development Goals (SDGs) through Sustainable Transformation ("SX") in the aviation industry. Since the investment to AeroEdge by Mitsubishi HC Capital in July 2018, both companies have been discussing to expand business conducting in the aviation industry. Mitsubishi HC Capital and AeroEdge signed this agreement to enhance those partnership and start commercialization assessment such as DX of parts manufacturing, utilisation of the Additive Manufacturing (3D printing technology, "AM"), new materials development and recycling materials to accelerate SX and carbon
neutrality, as well as engine parts repair in the aviation industry. While integrating the global network, knowledge in the aviation industry and financial capability of Mitsubishi HC Capital and various technological abilities of AeroEdge, it will co-create new value toward the industry.