The Board of Directors of Atrae, Inc. resolved to sign a shareholders agreement with Sumitomo Mitsui Financial Group, Inc. ("SMFG") and to establish "SMBC Wevox, Inc." (an equity-method affiliate of Atrae). Atrae and SMFG will establish SMBC Wevox, Inc. to support improvements in corporate value from the perspective of human capital, and will provide "SMBC Wevox", a solution to improve organizational capabilities. By supporting the formation of "organizations everyone can be proud of", SMBC Wevox aims to showcase the value of the whole of Japan to the world by maximizing the potential and the performance of more people and organizations.

Paid-in capital: JPY 50 million. Date of establishment: October 2, 2023 (scheduled). Net assets: JPY 100 million.

Total assets: JPY 100 million. Capital contribution ratio to the joint venture: Sumitomo Mitsui Financial Group, Inc. 55%; Atrae Inc. 45%.