Japan Excellent, Inc. ("JEI") announced its decision on the establishment of the commitment line of credit for a total amount of ¥14 billion. This is the renewal of the commitment line agreement (term of agreement: from February 1, 2023 to January 31, 2024) entered into January 26, 2023 with total credit limit of ¥14.0 billion . Lender is Mizuho Bank Ltd. with Credit Limit of ¥6.0 billion.

Scheduled Date of Agreement is January 26, 2024. Term of Agreement From February 1, 2024 to January 31, 2025. Collateral: Unsecured /Non-guaranteed.

Lender is MUFG Bank Ltd. with Credit Limit of ¥5.0 billion. Scheduled Date of Agreement is January 26, 2024. Term of Agreement From February 1, 2024 to January 31, 2025.

Collateral: Unsecured /Non-guaranteed. Lender is Sumitomo Mitsui Banking Corporation with Credit Limit of ¥3.0 billion. Scheduled Date of Agreement is January 26, 2024.

Term of Agreement From February 1, 2024 to January 31, 2025. Collateral: Unsecured /Non-guaranteed.