Press Release

June 30, 2023
JAFCO Group Co., Ltd.

Investment in GC Corp.
JAFCO Group Co., Ltd. (Headquarters: Minato-ku, Tokyo; Keisuke Miyoshi, President & CEO)hereby announces that it has invested in GC Corp. (Headquarters: Chuo-ku, Tokyo; Yuan Fei,President & CEO; hereinafter referred to as “GC”) as a strategic partner through the funds it
operates and manages (JAFCO BO7 Investment Limited Partnership and JAFCO SV7-S
Investment Limited Partnership; hereinafter collectively referred to as “JAFCO”).

Since its establishment in 2015, GC has upheld a mission "to contribute to the world by taking
on various grand challenges." With its deep computing expertise, GC has achieved a rapid growthby providing IT consulting services, including planning and promotion of its clients’ newbusinesses and services.
GC’s technology consultants and engineers support and promote clients' digital transformation(DX) by delivering high quality services based on cutting-edge technology, business-oriented
flexibly, and high design ability, while also ensuring robustness and soundness.
Currently, GC works hand-in-hand with a variety of clients from global companies to leadingedge startups to support their challenges through the following services:Consulting services-GC provides comprehensive support for new business development, from conception,strategy, planning, hypothesis testing / PoC (proof of concept), to launching. GC supports
its clients in turning their business concept into a reality from ground up, including
verification of technical feasibility and development / design that also focuses on security.

System development and business operation support-GC provides total support from development to operational support of sales, production
and other core systems as well as those centering on individual system integration forEC, Fintech, subscriptions and other various solutions.

Quality assurance services-GC provides a wide range of support from interviews and proposals for quality control
and testing, test planning/design/implementation, and reporting of test results.

For more information, please contact
pr@jafco.co.jp, JAFCO Group Co., Ltd.

Press Release

June 30, 2023
JAFCO Group Co., Ltd.

As a strategic partner of GC, JAFCO will provide its business management know-how, corporate/ human resource networks and promote collaboration with our portfolio companies’ cutting-edgetechnologies and services. GC and JAFCO will closely work together as the new GC, helping aneven greater number of clients to solve their issues, and open up the future together.

About GC Corp.
Company nameGC Corp.

Websitehttps://www.grandchallenge.co.jp/ (in Japanese only)

Establishment

February 2015

Address

11F Jiji Press Building, 5-15-8 Ginza, Chuo-ku, Tokyo

Business Description

Provides a wide range of IT consulting services, from new businesscreation to large-scale projects.

About JAFCO Group Co., Ltd.
Company name

JAFCO Group Co., Ltd.

Websitehttps://www.jafco.co.jp/

EstablishmentApril 1973

Address

24F Toranomon Hills Mori Tower, 1-23-1 Toranomon, Minato-ku, Tokyo
Largest venture capital firm in Japan with over 1,000 portfolio IPOs. Also

Business Description

has experiences of over 20 years in buyout investment and over 30 years
in overseas venture investment.

For more information, please contact
pr@jafco.co.jp, JAFCO Group Co., Ltd.