July 1, 2024
Digital Garage, Inc.

NEWS RELEASE
Leading System Development Company Joins DG Groupto Expand Sapporo Base~ “DG Feelist” Will Accelerate the DG Groupʼs New Business Development ~-Digital Garage, Inc. (DG) acquired the shares of FEELIST Inc., a system development company based in
Sapporo with 6 locations nationwide and a team of 120 engineers, effective July 1, 2024.

-Effective as of July 1, FEELIST has changed its name to “DG Feelist, Inc.” (DG Feelist) and hascommenced operations under the new name.

■Background to the share acquisition
Under the group strategy “DG FinTech Shift” focused on payment platforms, DG has been enhancing its recurringincome, promoting the creation of businesses with high potential for disruptive growth using next-generation
technologies, and integrating payment services. DG is also making efforts to hire more tech talent to strengthen its
new business development foundation, which is an important part of its strategy.
Since its founding in 2015, DG Feelist has been a group of engineers focused on nearshore business and contractdevelopment, primarily in web system applications and smartphone app development. Emphasizing a comfortableworking environment for engineers and focusing on training and educating young and inexperienced employees, DG
Feelist has cultivated a high retention rate and a strong corporate culture.
DG acquired these shares and incorporated DG Feelist into the Group because it determined that DG can makemaximum use of DG Feelist ʻs development capabilities and engineering training environment in the DG Groupʼsstrategy, thereby accelerating business growth together.
The impact on our consolidated performance from this acquisition is expected to be minimal in the short term, but it isanticipated to contribute to the enhancement of our groupʼs corporate value in the medium to long term. Should there
be any significant changes to our consolidated performance outlook, DG will promptly announce them.
■Comments<Tomoya Sasaki (Corporate Officer of Digital Garage / Chairman of DG Feelist)>
With its advanced technological capabilities and an excellent environment for training engineers, I am confident that
DG Feelist will help the DG Group strengthen its engineering resources. Moreover, it will enhance the DG Groupʼsoverall competitive power and achieve further growth through efforts to create new value. Additionally, Sapporo, ourContact: Corporate Communication Dept., Digital Garage, Inc.

Email: dg4819.pr@garage.co.jp

July 1, 2024
Digital Garage, Inc.

NEWS RELEASE
headquarters, is focusing on fostering and nurturing innovative startups as a "GX Finance & Asset Management Special
Zone." Similarly, Shibuya, the headquarters of DG, is a hub for creating future cities through advanced technology andsmart city initiatives. By connecting and collaborating between Sapporo and Shibuya, we aim to build a new businessfoundation and contribute to the industrial development of Sapporo and Hokkaido. We appreciate your continued
support and look forward to your expectations.
<Tomosue Den (Corporate Officer and CTO of Digital Garage / Director of DG Feelist)>
DG has always contributed to society by rapidly understanding technological “context” and providing solutions throughcutting-edge technologies. Our growth has been driven by our focus on engineer hiring and training, which allowed us
to maintain a high level of technological capabilities. I am certain that bringing DG Feelist ʻs talented engineers into theGroup will further improve our technological abilities and allow us to develop even more creative, innovative products.
Until now, DG US has been utilized to connect the United States and Tokyo through technology. Moving forward, thisnetwork will be extended to Sapporo.
<Toshifumi Kino (President of DG Feelist)>
I am very pleased and at the same time proud to be joining the Digital Garage group. I am confident that this will
create a bright future for DG Feelist engineers and all DG Group employees. I hope to contribute to Group growth bydevoting great efforts to hiring engineers and enhancing their technological abilities. Entering a new phase, we are
seeking partners to join us in new challenges. If you are interested, please feel free to contact us.
https://feelist.co.jp/inquiry/ (Japanese only)■Company profiles
Name: DG Feelist, Inc. ( https://feelist.co.jp/ )Representative: Toshifumi Kino, President, DG Feelist
Head office address: Kamiyama Building, 6th Floor, 1-2, Kita 3-jo Nishi, Chuo-ku, Sapporo, Hokkaido
Offices: Sapporo Headquarters / Sendai / Tokyo / Niigata / Kyoto / Fukuoka
Date founded: August 2015
Business: Nearshore Services, Contract Development, Web Development, System Integration (SI) Services
Name: Digital Garage, Inc. ( https://www.garage.co.jp/en/ )Representative: Kaoru Hayashi, Representative Director, President Executive Officer and Group CEO
Head office address: DG Bldg., 3-5-7 Ebisu Minami, Shibuya-ku, Tokyo
Shibuya PARCO DG Bldg., 15-1 Udagawa-cho, Shibuya-ku, Tokyo
Date founded: August 1995
Business: Digital Garageʼs corporate purpose is “Designing ʻNew Contextʼ for a sustainable society with technology.”
Digital Garage operates a payment business that provides one of the largest comprehensive payment platforms in Japan.
In addition, DG has a marketing business that provides one-stop solutions in the digital and real world, and a startup
investment and development business that reaches out to promising startups and technologies in Japan and overseas.

Contact: Corporate Communication Dept., Digital Garage, Inc.

Email: dg4819.pr@garage.co.jp