Kudan Inc. announce that it has concluded a product license sale agreement and an investment agreement (the "Agreements") with Whale Dynamic Co. Ltd. In accordance with the agreement, Kudan subsequently continued specific discussions of the detailed conditions of the Agreements and further expansion of the partnership, reaching the conclusion of the Agreements. As a result, in this fiscal year (FYE March 2024), Kudan is selling product licenses worth JPY 240 million to Whale Dynamic in order for Whale Dynamic to meet the increased demand for its solutions from its two-pronged global regional expansion and product expansion, including autonomous driving for passenger cars as well as mapping and robots (autonomous mobile vehicles) in global regions such as Europe and the Middle East, as well in the Chinese market, where it has already been expanding its track record.