PRESS RELEASE

January 10, 2024

Financial Inclusion FinTech Startup Global Mobility Service Inc.
Sumitomo Corporation Group and Global Mobility Service Form BusinessAlliance in the Philippines- Commencement of efforts to build next-generation mobility services Global Mobility Service Philippines, Inc., a Philippine subsidiary of Global Mobility Service Inc., aJapanese startup that provides financial inclusion FinTech services to the world's low-credit
consumers, has partnered with Sumisho Motor Finance Corporation (hereinafter "SMF"), a SumitomoCorporation group company (hereinafter "SMF"), to support local drivers by providing SMF with funds
to purchase vehicles for drivers and GMS to provide customer support. GMS will provide customer
support and employment assistance to local drivers.

BackgroundThe number of visitors to the Philippines exceeded 4 million at the end of September 2023, the highest
number since the dawn of Corona, and the number of visitors for business as well as tourism is increasing.
However, the shortage of human resources for drivers to meet the increasing demand for local
transportation has become an issue. However, many of the drivers in the Philippines are from low-income
families, and it is difficult for them to obtain vehicles because they cannot pass auto loan examinations.
GMS provides FinTech services using its proprietary IoT terminal MCCS, and has shipped 30,000 units
worldwide. In the Philippines, GMS has been operating since 2015, creating job opportunities for localdrivers. Sumisho Motor Finance Corporation has over 10 years of experience in providing vehicles to both
corporate and individual customers. Sumisho Motor Finance Corporation has been providing vehicles toboth corporate and individual customers for more than 10 years. The partnership with Sumisho Motor1

Finance Corporation is aimed at solving social issues by improving transportation capacity and creating job
opportunities for low-income people in the Philippines.
Outline
GMS will provide loans for vehicles equipped with MCCS, an IoT device that safely and remotely controls
the start-up of a vehicle, utilizing GMS's FinTech services. Sumisho Motor Finance Corporation provides thefinancing necessary to purchase the vehicle. In addition to providing vehicles, GMS will also provide credit
enhancement to drivers using driving data and loan payment data on MSPF, GMS's credit creation platform,and form partnerships with local financial institutions to create a system that encourages drivers to further
use financial services.
About Global Mobility Service Inc.
GMS is a global financial inclusion FinTech start-up company from Japan that creates credit for
approximately 1.4 billion people(*1) in the poor and low-income bracket in the world under the visionof "creating a system where people who work diligently are properly valued".
Its business model of solving social issues by creating job opportunities for low-income people inJapan and ASEAN countries (the Philippines, Cambodia, and Indonesia) has been recognized as abusiness ecosystem that directly contributes to the achievement of the SDGs. In Japan, where therelative poverty rate is the second worst in the G7(*2), we have developed a service to deliver vehicles
to those who could not pass the credit screening of conventional loans and leases through ourpartnership with 12 financial institutions and finance companies. By visualizing and analyzing the dataof service users who obtain vehicles and work diligently, and by valorizing the information through AI,
we provide financing that meets the needs of users and create a system that enables them to lead theaffluent lives they seek.
*1 Source: World Bank - The Global Findex Database 2021 *2 Source: Grameen JapanFor an overview of our business, please refer to the Keidanren Society 5.0 video below.
https://youtu.be/S9fXklbwYEY
Company Name：Global Mobility Service Inc.
Representative：President & CEO Tokushi Nakashima
Address：Kandakonyacho1 15, Chiyoda-ku, Tokyo
Established：November 25, 2013
Capital：1,878,289,000 JPY（Capital Surplus Included/As of Aug.26th, 2022）
URL：https://www.global-mobility-service.com/
Business Overview:
Provision of financial inclusion FinTech services utilizing MCCS®, a vehicle remote startup control IoT
device, and MSPF® (Mobility Service Platform), a data analysis platform, as well as secondary use ofdataⓇ Registered trademarks GMS, MCCS, and MSPF are registered trademarks of GMS.

Media Contact
Global Mobility Service Inc. PR GroupE-mail：press@global-mobility-service.com

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