30 March 2023
To whom it may concern
Wedge Holdings Co., Ltd.
Tatsuya Konoshita,
Representative Managing Director and CEO(Code 2388 Growth Market Tokyo Stock Exchange
Contact PIC: Yasuhiro Kotake(TEL 03-6225-2161)
Lucent Co., Ltd., our affiliated company, has signed a sponsorshipagreement with Ms. Kaori Niwa, a top Japanese female trail runner.
We will cooperate in product sales which Lucent Co., Ltd., are providing
promotional supports, and its related travel business.
Lucent Co., Ltd., our affiliated company (Head office: Kashiwa City, Chiba;
Representative Managing Director: Yoshihiro Nakano, hereinafter referred to as"Lucent"), announces that the Lucent has signed a sponsorship agreement with Ms.
Kaori Niwa, a top female trail runner in Japan.
As we have already announced, we will cooperate with Lucent in domestic salesof high-performance trail running poles made in Italy and operation of tours foroverseas trail running races (tours to participate in races around the world to obtainentry into the UTMB, the world's top trail running event) through this agreement.
For the tour to the world's top trail running race, UTMB, we have already received
tour applications from over 100 Japanese participants. We believe that the signingof Japanese female athlete Ms. Kaori Niwa, who has achieved the 4th highest finish
in the past, to Lucent will be a strong tailwind for our tour promotion and sales of trail
running poles.
We will continue to support the expansion of Lucent’s sports business.
Please see below, the press release from Lucent for your reference.
(Here is the press release from Lucent.)
On March 24, 2023, Lucent Co., Ltd. (Head office: Kashiwa City, Chiba;
Representative Managing Director: Yoshihiro Nakano), which operates sportsbusinesses mainly in running and tennis, along with Asuka Foods Co., Ltd., a groupcompany engaging in food business, signed a sponsorship agreement with Ms. Kaori-1-

Niwa, one of the top female mountain athletes and ultra-trail runners in Japan.
Ms. Kaori Niwa is a top female runner in Japan who has accomplished a great dealof achievements in mountain races in Europe and all over Japan. She has
successfully completed difficult high mountain races because she is specialized inlong- distance race with tough climbs and descents. She was awarded 4th place
overall (highest ranking for a Japanese woman) at the UTMB, the world's highest
ultra-trail race, in 2017. While participating in races in Europe, she came across theN&W Curve, a high-performance trekking pole made in Italy, and still uses acustom-made version of the product.

Ms. Kaori Niwa, athlete and ultra-trail runner
As a result of obtaining the exclusive distribution rights of N&W Curve trekking pole
products in Japan, Lucent has signed a sponsorship agreement with Ms. Kaori Niwa
this time. And she will cooperate in promoting awareness of the products in Japan.
In 2023, Ms. Kaori Niwa is preparing for new challenges including Swiss Peaks 360km,
which will be her longest mountain running race yet. To raise funds for her 2023
activities, a crowdfunding campaign is on-going, and as one of the thank-you gifts,
N&W Curve is also being offered from Lucent. Lucent supports the success of her
crowdfunding campaign. As of March 27 2023, it has already surpassed 90% of its
goal with support from over 170 people. (Note: as of March 30th, the campaign has
achieved 105% of its goal with support from 202 people.)https://kibidango.com/2347-2-In addition, Ms. Kaori Niwa will also cooperate with operation of the overseas trail
running tour support business "LUC+Adventures". Lucent has newly started this year
to support people who want to participate in overseas trail running races.
Together with Asuka Food, which has been a sponsor before, Lucent will continue
to support Ms. Niwa's challenges.
＜LUC＋Adventures＞
Website: https://tabirun.run/tour/
Instagram account: https://www.instagram.com/luctus.adventures/
Facebook account: https://www.facebook.com/luctus.adventures/
Operating company: Lucent Co., Ltd.
Company address: 348. Toyofuta, Kashiwa-city, Chiba, 277-8556 JAPAN
Representative: Yoshihiro Nakano, Managing Director
For 130 years since the startup phase of soft tennis, we have been providing various
sports goods, including "AKAEMU," the No.1 soft tennis ball in the domestic market.
We also manufacture and sell sports clothes under the brand names of "LUCENT"
and "LUC+", as well as operate sports facilities such as tennis clubs and runningstations nationwide. Since 2022, we have expanded our business to support runningrace tour called "LUC+ Adventures" around the world. With the slogan, "Cheer up
healthy lives of all throughout Japan through sports communities," we support
athletes including Mr. Wataru Iino and various sports scenes.
URL：https://lucent-sports.com/
Business overview: Manufacture and selling products under original brand names of"LUCENT" and "AKAEMU," as well as selling related sports equipment and goods,
Sports facility construction, Operation of tennis clubs, and Support for overseas tours.
Contact for this press release:
Mr. Tashiro, Lucent Co., Ltd.
info-post@lucent-corp.com
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