Japan Excellent, Inc. (hereinafter "JEI") announced the decision made concerning new debt financing: Lenders: The Dai-ichi Life Insurance Company, Limited; Loan Amount: ¥3.0 billion (Green Loan); Interest Rate: Fixed- 1.300%; Borrowing Period: 10 years; Drawdown Date: December 7, 2023; Principal Repayment Date: December 7, 2023; Borrowing Method, Repayment Method, Collateral: Term loan agreement To be repaid in full on the repayment date Unsecured /Non-guaranteed.