To whom it may concern,August, 26, 2020

Company: Tamagawa Holdings, Co., Ltd.
Representative: President, Toru Masuzawa(JASDAQ Code: 6838)
Contact: Management Planning Division, Ryota Tanaka
Tel: 03-6435-6933

Notice on Capital and Business Tie-up with Nabiq Inc.
Please be informed that we decided at the board of directors held on August 26, 2020 on the capital andbusiness tie-up with Nabiq Inc. (headquarters: Iwata Bldg., 11, Kanda-konya-cho, Chiyoda-ku, Tokyo;
Representative: Tomohito Takatsu, hereafter “Nabiq”) which is the consolidated subsidiary of JTOWER Inc.
(headquarters: Eastern Aoyama Bldg., 8-5-41, Akasaka, Minato-ku, Tokyo; representative: Atsushi Tanaka;
listed in Mothers of Tokyo Stock Exchange, securities code: 4485, hereafter “JTOWER”).
1. Reason for capital and business tie-up
Tamagawa Electronics, Co., Ltd., in our group has been persistent in product development based onhigh frequency wireless technology consistently since the foundation, and has built its unique technology
as one of few expert companies of high frequency wireless / optical transmission in the country for highfrequency wireless playing the essential role as the key technology in the increasingly developing
informational communication field, and has realized and supplied high quality and high performance
products in the public and social infrastructure fields. As for 5G, we are also developing various products
to be compatible for further higher frequency and wider band.
Nabiq provides advanced outsourcing service of wireless broadband environment and promotes
building of access environment with combination of the existing fixed broadband line and Wi-Fi
application technology.
Under such circumstances, in collaboration between both companies, providing local 5G related service
to hospitals and hotels, etc. as the targets enables both companies to exert synergy and is considered tocontribute to expansion of business base and business growth, etc. Therefore, we have decided toengage in the capital and business tie-up with Nabiq.
In addition, JTOWER, Nabiq’s major shareholder focuses on infrastructure sharing to unify in-building
equipment of mobile phones as its main business and holds introduction base in large facilities in thedomestic IBS business and develops various related services including local 5G.
*IBS (In-Building Solution) business is the business to integrate facility investment of in-building mobile infrastructure
independently conducted by each mobile carrier until now through common equipment uniquely developed by thosecompanies.

2. Content, etc. of capital and business tie-up(1) Content of capital tie-up
We will acquire the new shares for 50 million yen in the manner of third-party allocation of sharesconducted by Nabiq. Our ownership ratio after issuance of new shares will be 9.0%.
(2) Content of business tie-up
For local 5G which is scheduled to be developed hereafter, it is necessary to provide thecomprehensive package business materials provided by major telecommunication companies on thebasis of each installation site including high frequency wireless technology, acquirement of license, radiozone design / installation, wired and wireless communication operation. To implement the above, it isessential to have comprehensive system to conduct through equipment development to operation. Weand Nabiq will build such comprehensive environment where local 5G installation to operation can beconsistently completed through this business tie-up. We will promote collaboration for building of theoptimal local 5G supply environment by bringing in necessary technology and knowhow.
We will utilize our high frequency wireless technology we have built in the past and provide the cuttingedge wireless transmission solution for the purpose of radio zone design to realize equipment
development of local 5G and smooth transmission of high frequency wireless. Additionally, we aim fordevelopment toward overseas wireless solution represented by the smart city utilizing 5G technology
progressing simultaneously not only in Japan but also in the world.
On the other hand, Nabiq has provided comprehensive solution including radio zone design,
installation, operation of wireless broadband environment represented by Wi-Fi to the local environment
such as hotels, hospitals, condominiums, schools, etc. We comprehensively provide communication
solution until license acquirement, radio zone design, installation and operation necessary to add local 5G
environment which will be essential hereafter. We will also provide the solution which integrate without
load local 5G environment into the existing communication environment installed and in operation (wiredLAN / wireless LAN/IoT device).
(3) Overview of capital and business tie-up partner(1) Name

Nabiq Inc.

(2) Address

Iwata Bldg., 11, Kanda-konya-cho, Chiyoda-ku, Tokyo(3) Representative’s title and namePresident, Tomohito Takatsu(4) Business content

Provision of wireless broadband outsourcing service
using Wi-Fi(5) Capital fund

300 million yen(6) Foundation dateAugust 8, 2013
JTOWER Inc.: 53.0%
Tomohito Takatsu: 10.6%(7) Major shareholder and ownership ratio

MIS House Mate Co., Ltd.: 4.9%
Mizuho Developmental Support No.2 InvestmentBusiness Limited Liability Union: 4%(8) Relationship between the listedcompany and the concerned company

No applicable matters in the capital relationship,personal relationship, transactional relationship.

4. Dates(1) Date of resolution of board of directors

August 26, 2020

(2) Date of business tie-up agreement

August 26, 2020

(3) Date of investment agreement

September 11, 2020 (scheduled)(4) Payment due date

September 11, 2020 (scheduled)

5. Future prospective
There is only minor specific impact by this capital and business tie-up over our consolidated
performance in the term ending March 2021, and it is considered to contribute to improvement of ourperformance in a long term. We will immediately inform you if any event occurs which may cause asignificant impact on our consolidated performance, etc. in the future.