V-cube, Inc. announced loan is to switch to permanent finance upon the maturity of the loan (positioned as bridge finance) to finance the acquisition of subsidiary Xyvid, Inc. as disclosed in the "Announcement regarding Acquisition of Xyvid Inc. (Acquisition of shares accompanying changes in specified subsidiaries) and Borrowing of Funds" dated May 31, 2021, and to stabilize the financial base. Total amount is JPY 3,649 million. Loan Type is Term Loan.

Interest rate is Base interest rate + spread. Contract date is November 27, 2023. Drawdown date is November 30, 2023.

Borrowing term 5 years Collateral is Unsecured. At present, the impact of this loan on the consolidated financial results for the fiscal year ending December 31, 2023, is insignificant.