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JIC Venture Growth Investments Inc. (JIC VGI), the managing entity of JICVGI Opportunity Fund No. 1 Investment Limited Partnership (OPF1), has announced the executionof a stock subscription agreement regarding its investment in Cyber SecurityCloud, Inc. (CSC).

OPF1 is a fund established in September 2023, with JIC VGI serving as its General Partner. The fund’s strategy focuses on providing capital to direct secondary deals and listed startups. OPF1 is part of Japan Investment Corporation (JIC)’s initiatives under the government’s Startup Development Five-Year Plan. The fund aims to accelerate the growth trajectory of startups, promote the creation of unicorns, and serve as a platform to support the sustainable and exponential growth of promising listed startups. Additionally, OPF1 aims to create successful investment precedents in the direct secondary and aftermarket areas, stimulating private investment flows, revitalizing the domestic secondary and growth markets, and contributing to the overall strengthening and expansion of Japan’s startup ecosystem.

This investment marks OPF1’s third investment under its aftermarket strategy. CSC is a cybersecurity company that develops and provides its own security products, including a Web Application Firewall (WAF) to protect against cyberattacks, as well as a comprehensive managed security service that oversees and operates various public cloud security services. As part of its strategy for further growth, CSC is transitioning away from its web security-centricbusiness model and positioning CloudFastener, its new flagship product, as another key pillar of its business. Through this shift, CSC aims to drive further expansion in the cloud and cybersecurity sectors.

OPF1 expects this investment to support CSC’s growth strategy, enabling the company to achieve sustainable and exponential growth both domestically and internationally. Furthermore, as strengthening corporate cybersecurity measures remains a critical policy issue, OPF1 aims to contribute to the advancement of Japan’s domestic cybersecurity industry by supporting CSC, a company that develops its own security products in-house.

The funds raised through this investment will be allocated to:

1. Strengthening the development and operational capabilities of CloudFastener; and

2. Covering expenses related to future M&A and capital business partnerships.

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_{The information contained in this notice is current at the time of publication and subject to change without notice and is the notice of the execution of stock subscription agreement, not a notice of completion of investment.}