Execution of an Off-site Physical Corporate PPA and Commencement of Power Supply

Sustainable Solar 3 GK, funded by the PHOTON Sustainable Solar Investment Limited Partnership managed by PHOTON CAPITAL LLC (Shibuya-ku, Tokyo; Managin Partner: Yuko Mizuno), has begun supplying renewable energy to an end user with whom Chubu Electric Power Miraiz Co., Inc. (“Chubu Electric Power Miraiz”; Nagoya-shi, Aichi; President & CEO: Hironori Kamiya) has concluded the supply-demand agreement. This follows the execution of an Off-site Physical Corporate PPA (“the PPA”) between the parties in July of this year.