PRESS RELEASE

Feb 7, 2020

GMS Partners with The City of Mandaue, Cebu
Global Mobility Service Inc. (Headquarters: Minato-ku, Tokyo; President Director / CEO: Tokushi
Nakashima; hereinafter referred to as “GMS”) is pleased to announce that it has formed a partnershipwith the City of Mandaue, Province of Cebu, to further accelerate its provision of FinTech services forfinancial inclusion in the Philippines. It will be the first time for GMS to form a partnership in Cebu, amongthe 12 bases it has set up across the Philippines.

1. Overview of the City of Mandaue
The City of Mandaue is the most densely populated city on Cebu Island with a population of 330,000people. It is a major transportation hub between Lapu-Lapu City, where the resort and airport are located,and the city of Cebu, where the business district is located. It is also the largest market for three-wheeledtaxis (hereinafter referred to as tricycles) in Cebu, with approximately 3,000 units. Although thePhilippines has banned the registration of old vehicles (two-stroke vehicles) with high exhaust emissions
under the Clean Air Act, most drivers lack the ability to purchase new vehicles.
Since low-income groups cannot obtain credit from financial institutions, they are unable to utilize loans
and leases. Many people cannot not purchase new models with a lump-sum payment, leaving them withno choice to stick to their old vehicles.
2. GMS’s Contribution
In the City of Mandaue, which we have partnered with, the replacement of more than 300 new tricycle
vehicles is progressing in an year. The share of GMS in tricycles in Mandaue City continues to grow by
more than 10%.
The City of Mandaue will adopt GMS’s services to promote the replacement of old tricycles with newmodels to improve air pollution. We aim to improve the quality of life of Mandaue citizens by securingemployment opportunities and improving income for those who were previously unable to work as
tricycle drivers due to lack of financial opportunities.
As a global startup specializing in financially inclusive FinTech from Japan, GMS works towards
realizing a system in which every individual is correctly evaluated for their work. Through our vision “We
make people happy through the provision of mobility service,” we create economic rationality whilesolving social issues including poverty, which is recognized as the most important issue among theSDGs. We will promote a truly “sustainable” business model and contribute to local societies throughour activities in Japan and ASEAN countries.
Please look forward to the future efforts of GMS.

*Content of this press release, matters related to capital, services, contact information, and other information is based on
information at the time of the press release. Changes may be made without notice.

＜Inquiry Recipient＞
Global Mobility Service Inc. Okubo & Fukada
Tel：+81-3-6264-3113
FAX：+81-3-6264-3322
E-mail: press@global-mobility-service.com
URL: http://www.global-mobility-service.com/■About Global Mobility Service Inc.
With our vision "We create a system in which all hard workers are recognized", GMS is a fintech
startup working for financial inclusion by creating credit for the 1.7 billion poor and low-income people
in the world. By analyzing vehicle data (driving status, speed, etc.) collected by the MCCS, an IoT
device equipped with technology to remotely control vehicles, and financial data (payment status, etc.)
obtained in conjunction with financial institutions, we visualize the creditworthiness of drivers andcreate opportunities to utilize financial services such as loans and leases for those who are unable toqualify for conventional credit screening. As of October 2020, we have raised a cumulative total of 5.6
billion yen in recognition of our business model of addressing social issues by creating job
opportunities for poor and low-income people in Japan and in ASEAN countries (Philippines,Cambodia, and Indonesia). We will continue to contribute to the international community towards therealization of a prosperous society through a business model that creates economic rationality insolving problems such as poverty.
Company Name
Representative
Head OfficeBusiness
Date of Establishment

Global Mobility Service Inc.
Tokushi Nakashima (President / CEO)4F Sumitomo Shiba Daimon Bldg.Ⅱ, 1-12-16 Shibadaimon, Minato-ku,
Tokyo, 105-0012, Japan
Provision of Mobility Service Platform
Utilization service of big data accumulated on the cloud serverNov 25, 2013