ID Holdings Corporation at its board meeting held on January 31, 2024 resolved to establish a subsidiary in the Netherlands. The Amsterdam Branch Office of INFORMATION DEVELOPMENT CO., LTD., a subsidiary of the Company, began operation in the Netherlands in 2016 as a representative office. Since that time, as the demand for IT personnel has grown at the customers' European bases, the Amsterdam Branch Office has played a valuable role in developing global personnel for the Group.

These efforts have borne fruit and the Amsterdam Branch Office is steadily growing its business results, with focus on providing IT services to Japanese-affiliated businesses in Europe. Anticipating future business growth, the Group is shifting its European operations from an organization focusing on transferees from Japan to a localized structure emphasizing local hiring. For this reason, the Company has decided to establish a local corporation.

Information Development Europe B.V. (1) Name (Common name: ID Europe) (2) Location City of Amsterdam, Kingdom of the Netherlands (3) Name and title of representative Kaori Yoshida, Managing Director (4) Description of operations Provision of IT services (5) Capital 1 million (6) Date of establishment April 1, 2024 (expected) (7) Major shareholders and Wholly owned subsidiary of the Company shareholding ratio (1) Resolution of the Board of January 31, 2024 Directors (2) Date of establishment April 1, 2024 (expected) (3) Date of start of operations On or after April 1, 2024.