Tv Asahi Holdings CorporationTSE: 9409

Notice Regarding the Establishment of EX Innovation Fund 1, a Five-Billion Yen CVC Fund

· Issued by TV Asahi Holdings Corporation

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

July 1, 2025

Company Name TV Asahi Holdings Corporation Representative Hiroshi Hayakawa, Chairman

Securities Code 9409 (TSE Prime Market)

Information Contact Gengo Sunami, Member of the Board

(Tel: +81-3-6406-1115)

Notice Regarding the Establishment of EX Innovation Fund 1, a Five-Billion Yen CVC Fund

TV Asahi Holdings Corporation (the "Company") and Simplex Capital Investment Co., Ltd. (head office: Chiyoda-ku, Tokyo; President and CEO: Hiromasa Mizushima) have jointly established a corporate venture capital (CVC) fund, the EX Innovation Fund 1.

Based on the basic philosophy that content is the source of all value, the TV Asahi Group is

accelerating its evolution with the aim to become "TV Asahi for the New Era" in order to realize a society that encourages the pursuit of dreams and hopes.

To date, the Company has implemented initiatives to further develop existing businesses and expand into new business areas through capital and business alliances with start-up companies.

However, with the belief that cooperation with a broader range of partners is necessary to achieve

continued rapid growth amid sweeping changes in the market, the Company has established the said fund.

In addition, with effect from July 1, the Company has established the Investment Strategy

Department within the Corporate Strategy Division to promote M&A, start-up investments and open innovation. The Company will aim to realize a society that encourages the pursuit of dreams and hopes by creating new forms of entertainment through co-creation with start-up companies.

[Overview of the Fund]

Fund name

EX Innovation Fund 1

(EX Innovation Fund 1 Investment Limited Partnership)

Size of fund

5 billion yen

Duration of fund

10 years

Main funding

Start-up companies that expand the possibilities of entertainment,

sectors

focusing primarily on the content and technology sectors

Target funding

stages

Start-up companies of a wide range of growth stages, focusing

primarily on early- to expansion-stage companies

Unlimited

liability partner

Simplex Capital Investment Co., Ltd.

Limited liability

partner

TV Asahi Holdings Corporation

[TV Asahi Holdings Corporation]

Head office: 9-1 Roppongi 6-chome, Minato-ku, Tokyo Representative: Hiroshi Hayakawa

URL: https://www.tv-asahihd.co.jp/e/

[Simplex Capital Investment Co., Ltd.]

Head office: 27th Floor, Shin-Marunouchi Building, 1-5-1, Marunouchi, Chiyoda-ku, Tokyo Representative: Hiromasa Mizushima

URL: https://www.simplexasset.com/en/sci/

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