Micware Co., Ltd.

Corporate History Micware was incorporated as a joint-stock corporation ( kabushiki kaisha ) with limited liability under Japanese law on March 3, 2003, in Hyogo, Japan. Micware completed its reorganization in March 2024 and since then has become a holding company, conducting substantially all of its businesses through subsidiaries. See Holding Company Reorganization. As a holding company, our future operating revenue is dependent on our subsidiaries and the distribution of those earnings to us. See also Item 3. Key Information D. Risk Factors Risks Related to Our Business and Industry We are a holding company and depend upon our operating subsidiaries for our cash flows. Below is the list of Micware’s subsidiaries: Micware Navigations (formerly known as Databroad Co., Ltd., Databroad ) is engaged in development and sales of certain software and smartphone applications related to IVI and GPS services, including naviAZ, PinnAR and BeatMap, and broadcasting systems, as well as provision of cloud server. Micware Navigation was incorporated on May 2, 2008; Micware Automotive (formerly known as HI Corporation) is engaged in development and sales of certain software services related to total Android-IVI solutions and Internet of Things ( IoT )-based logistic tracking services, such as micAuto, Wariate-kun, and CARE SUITE.