Press Release
January 14, 2022
Cool Japan Fund
(Cool Japan Fund Inc.)

Cool Japan Fund Transfers Member Interests in Sentai Holdings, LLC
Cool Japan Fund announced that it has sold* all of its member interests in Sentai
Holdings LLC ("Sentai") to global entertainment company AMC Networks Inc.
(“AMC Networks”).
In August 2019, Cool Japan Fund acquired a majority of the member interests
in Sentai, which conducts a licensing business for Japanese animated titles as oneof the leading independent content distributors in North America, with the aim ofboosting the presence of Japanese anime in the North American market andsupporting the long-term growth of the overall Japanese anime market. In
response to the spread of COVID-19 infections in North America, in September
2020 Cool Japan Fund supported Sentaiʼs financial position with a credit line, andhas assisted it in adapting to the changing market environment, including
improvement and development of online operations and content management
processes.
Since its first investment in Sentai, Cool Japan Fund has implemented a numberof initiatives to enhance Sentai's corporate value, including dispatching outside
directors and providing hands-on support. These include assistance with thepreparation of management plans through management visualization, joint
promotions with other companies in Cool Japan Fund's portfolio, and businessmatching activities utilizing the community cultivated by Cool Japan Fund. Even
under the conditions imposed by the COVID-19 pandemic, these efforts haveenhanced Sentai's corporate value, including growth of its in-house streaming
service HIDIVE, and have demonstrated the effectiveness of policies aimed at
supporting the overseas expansion and market development of Japanese anime.
Cool Japan Fund is pleased to announce that all of the member interests inSentai have been sold to AMC Networks as a new owner of Sentai, which is poised
the further growth , building on improvements in Sentai’s corporate value throughthe efforts of Cool Japan Fund and opportunities provided by the Cool Japan Fundcommunity as described above. AMC Networks is a global entertainment company
known for its popular and critically-acclaimed content, including The Walking Dead,
Breaking Bad, Better Call Saul and Mad Men, with a portfolio of targeted streaming
and linear networks distributed around the world. Cool Japan Fund believes thatwith the partnership with AMC Networks, Sentai will continue to even further thegrowth of Japanese anime all over the world.

About Sentai Holdings, LLC
Established:: 2008Headquarters: Houston (United States)

Representative: John Ledford (CEO)Business: Distribution of Japanese Anime and Sale of Related

Merchandise
Investment Details
Authorized Investment: Approx. 3.2 billion yen / approx. 400

million yen (establishment of credit line)
Amount Invested: Approx. 3.2 billion yen / approx. 100 million yen (loanexecution)
Investment Announcement Dates: August 1, 2019 / September 30,

2020
Cool Japan Fund Invests in North American Anime Group Led by Sentai Holdings
https://www.cj-fund.co.jp/files/press_190801-jp.pdf
Cool Japan Fund and Founder Bolster Sentai Holdings, LLC, Which Licenses
Japanese Anime in North America
https://www.cj-fund.co.jp/files/press_200930-jp.pdf

* AMC operating subsidiary Digital Store LLC will be the company acquiring shares in Sentai.
Inquiries about this press release:
Cool Japan Fund (PR Representatives: Hashimoto/Tanaka)
Tel: +81(0)3-6406-7500
Website (https://www.cj-fund.co.jp/）