create restaurants holdings inc. (hereinafter referred to as "CRH") and SFP Holdings Co., Ltd. ("SFP"), at their board of directors' meeting held on August 20, 2020, and on August 27, 2020, respectively, agreed to enter into a joint venture agreement with respect to the establishment of a joint venture company by the two companies. CRH and SFP ("both parties") will establish Creative Service Inc. ("the Joint Venture Company"), a joint venture that will take the role as a shared services center of the accounting, personnel, and other corporate businesses of both parties and their respective subsidiaries. By sharing and standardizing corporate operations, the companies will strive to maintain the quality of indirect operations, reduce costs, and promote the efficient operation of the Group as a whole.

Date of establishment is September 1, 2020 (planned). Business outline is Provision of services to group companies of CRH and SFP. Capital is JPY 1 million.

Ownership ratio is CRH: 50.00%, SFP: 50.00%.