Allocation of Public Offering Proceeds to Systems, Working Capital, and Human Resources Investment

「The plan is to allocate the funds to development and modification costs for the core business system used to manage rent debt guarantees and other operations; development costs for new functions of the customer contract information management system for distributors, Cloud Insure, and modification costs for integration with the core business system; working capital, including advances for subrogation payments of rent and other amounts to property management companies and landlords as the guarantee business expands; and recruitment and training costs.」

「However, even if the funds are invested as planned for the above purposes, rapid changes in the business environment and other factors may prevent the expected investment benefits from being achieved.」