Chibagin Lease Co., Ltd. (Headquarters: Chiba City, Chiba Prefecture; President and CEO: Masayuki Sugihara; hereinafter "Chibagin Lease") announces the launch of a collaborative initiative with Otoron Cars Co., Ltd. (Headquarters: Shinjuku-ku, Tokyo; President and CEO: Seiichi Yoshitake; hereinafter "Otoron Cars"), which operates "Otoron," a used car dealership specializing in in-house financing. The collaboration will focus on vehicle refurbishment, acquisition, and resale of off-lease vehicles. This initiative aims to enhance the residual value of off-lease vehicles through a flexible partnership that leverages the expertise and strengths of both companies. 1. Background and Objectives The current used car market continues to experience tight supply due to a shortage of available vehicles, driving up market prices. Under these conditions, ensuring stable supply and promoting the circulation of higher-value vehicles have become increasingly important. In response, Chibagin Lease has been continuously working to expand sales channels for off-lease vehicles upon termination of auto lease contracts. Furthermore, recognizing evolving market demands, the company has actively explored opportunities beyond existing initiatives to further broaden its distribution channels. As a result of these efforts, Chibagin Lease has decided to partner with Otoron Cars, a company with proven expertise and a strong track record in used vehicle refurbishment, acquisition, and resale, to jointly advance initiatives leveraging both companies' know-how. Through this collaboration, Chibagin Lease expects to smoothly supply its off-lease vehicles into Otoron's nationwide sales network. This is anticipated to optimize the used car supply chain and contribute to improved business profitability. Otoron Cars, a group company of Autobacs Seven Co., Ltd. (Headquarters: Koto-ku, Tokyo; President and CEO: Yugo Hori), operates used car dealerships nationwide, primarily offering in-house financing. The