For Reference OnlyApril □□, □□□□Tokyo Century’s Project Selected forFinancing Programme for Joint Crediting Mechanism (JCM) Model Projects in FY2023—Introduction of a Solar Power Generation System to Japanese Companies Operating in Vietnam

Tokyo Century Corporation (Tokyo Century) has announced that a project it applied for as a representative
participant in the Financing Programme for JCM Model Projects*1 in FY2023 has been selected. The name ofthe project is: Introduction of 1.9MW Rooftop Solar Power System to Textile and Chemical Products Factories*2.
Tokyo Century was the first financial services company to form an international consortium as a representative
participant in the JCM Model Projects, and it has 15 selected projects (involving 22 joint participants) in Indonesia,
the Philippines, Thailand, Myanmar, and Vietnam from FY2017 to FY2023.
Introduction of 1.9MW Rooftop Solar Power System to Textile and Chemical Products Factories
This project involves installing a solar power generation system in the Vietnam factories of two corporate
customers through cross-border deferred payment. By combining financial support available for the project withdeferred payment trade*3, customers can use the system exported from Japan at a fixed price, even in cases
where there is no leasing company (local subsidiary of the representative participant) in the JCM partner country.
This payment arrangement not only reduces the initial investment burden but is also expected to expand
opportunities for using the JCM. Additionally, this is Tokyo Century’s first JCM Model Project in Vietnam.
The Tokyo Century Group is guided by its management philosophy of contributing to the creation of anenvironmentally sound, sustainable economy and society, and it upholds contributing to a decarbonized society
as a materiality based on the Sustainable Development Goals. The Tokyo Century Group will continue to actively
participate in JCM Model Projects in ASEAN countries by leveraging the Group’s extensive overseas networkand high value-added financial services and to promote socially significant initiatives, such as spreading the useof clean energy.
(*1) The Ministry of the Environment, Japan has been implementing the “JCM Model Projects,” which provides
financial support for the initial investment costs. The purpose of this model projects is to financially support
the implementation of projects which reduce GHG emissions by utilizing leading decarbonizing technologies
in developing countries, and in return, to acquire JCM credits for achievement of Japan’s GHG emission
reduction and the partner countries' emission reduction target. The project outlined in this press release isbeing implemented in cooperation with the governments of Vietnam and Japan. There are 29 JCM partnercountries as of April 2024.
(*2) The application was submitted for a single project combining the initiatives of two Japanese companies.
(*3) In this trade transaction, a leasing company exports equipment for use in the overseas operations of aJapanese customer and paid for through installments.
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Contact Information:
Tokyo Century Corporation
Public Relations & Investor Relations Division
Kengo Kawai
Inquiries: https://www.tokyocentury.co.jp/en/contact/form.php
Phone: +81-3-5209-6710(Note) This translation is prepared and provided for reference only. In the event of any discrepancy between thistranslated document and the original Japanese document, the original document shall prevail.

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