24 January 2023
To all relevant personnel
CompanyName

Yourstand Inc.

Address

3F Sumiyoshi 24 Building,Sumiyoshi-cho 2-24-2, Nakaward, Yokohama, Kanagawa
Prefecture, Japan 231-0013

CEONobuyuki UraInquiries

Ryosuke Shindo (CFO)(ryosuke.shindoa@yourstandev.com）

Regarding Issuance of New Shares through a Third-Party Allotment and Signing ofBusiness Alliance Agreement with Mitsubishi Corporation
We hereby announce that we have signed an investment agreement withMitsubishi Corporation (henceforth written as "Mitsubishi") on December 23, 2022, fora third-party allotment of new shares, and a business alliance agreement on January
20, 2023. (Both agreements henceforth written as “this agreement”).
1. Purpose of This Agreement
Established in 2018 as a start-up with a mission to “enable cleanertransportation”, YourStand Inc. has been a pioneer engaged in the deployment ofelectric vehicle (EV) chargers and developing technologies to control and manage EVchargers. Since establishment, we have maintained top market share in the field ofEV charging in multi family homes. We pride ourselves for our trusted services andreliable presence in the field of home charging.
As our business grew over the years, we have undergone countless discussions
with Mitsubishi Corporation how we can harness the resources Mitsubishi Corporationhas, in order to expand our EV charging network, as well as how to utilize big data
related to EV charging available in our vast database of aggregated data points
retrieved from our cloud management system and user application, with the ultimate
goal of enhancing the quality and value of EV charging infrastructure that will drive
next generation mobility.
Upon the signing of this agreement, both companies will share big data of EVcharging, as well as knowledge and experiences related to the deployment andmanagement of EV charging facilities owned by YourStand. Similarly, Mitsubishi will
share its domestic and international network resources and relevant knowledge withYourStand, in order to provide more value-added EV charging services.

12. About YourStand
Company Address: 3F Sumiyoshi 24 Building, Sumiyoshi-cho 2-24-24, Naka ward,
Yokohama, Kanagawa Prefecture
Main Business: Deployment and management of EV charging infrastructure in multifamily homes and workplaces
CEO and founder: Nobuyuki Ura
Established: 2018
3. About Mitsubishi
Company Address: 2-3-1 Marunouchi, Chiyoda ward, Tokyo
Main Business: Diversified business in a wide range of industries through 10 groups(Natural Gas, Integrated Materials, Petroleum and Chemical Solutions, Mineral &Metal Resources, Industrial Infrastructure, Automotive & Mobility, Food Industry,Consumer Industry, Power Solutions, and Urban Complex Development), and theIndustrial DX Division
Representative Director, President and CEO: Katsuya Nakanishi
Established: 1954 (Registered: 1950)
4. Details of Capital and Business Alliance(1) Details of Capital Alliance
Mitsubishi will subscribe to new shares of common stock to be newly issued
through the third-party allotment.
(2) Details of Business Alliance
The aim of this business alliance is to further improve our presence in thehome (multi-family homes) and workplace charging market, to expand the EV
charging network including the “route/destination charging” market, and to build EV
charging infrastructure services with higher added value through the utilization of EV
charging big data.

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