Invincible Investment Corporation has determined to obtain new debt financing to refinance existing debt. Details are as follows. Reason for borrowing INV has decided and executed JPY 1,000 million of a new loan agreement in order to repay the existing borrowing of the same amount.

Details of the New Borrowing (anticipated): Term Loan (021) > 5-Year Loan; Lender: SBI Shinsei Bank Ltd.; Borrowing amount: JPY 1,000 million; Interest rate, etc.: 3-month JPY TIBOR (Base Rate) + spread (0.500%) Floating interest rate; Borrowing method: Borrowing based on separate term loan agreement dated June 25, 2024 Unsecured /with no guarantee; Agreement date: June 25, 2024; Anticipated borrowing date: June 27, 2024; Interest payment date: The last Japanese business day of March, June, September, and December before the principal maturity date, beginning with September 30, 2024, and (ii) the principal maturity date; Principal repayment method: Lump-sum repayment on the principal maturity date; Principal maturity date: July 16, 2029. Details of the loan to be repaid: Lenders: SBI Shinsei Bank Ltd.; Borrowing Date: June 27, 2023; Balance before Repayment: JPY 1,000 million; Repayment Amount: JPY 1,000 million; Interest Rate: 0.43273%; Maturity Date: June 27, 2024; Borrowing Method: Unsecured/nonguaranteed.