Notice regarding implementation of third-party allotment capital increase and appointment of Mr. Kotaro Chiba as outside director

(Left) PRODRONE Outside Director Kotaro Chiba (Right) PRODRONE Representative Director and President Masakazu Kono

PRODRONE Co., Ltd. (Head Office: Nagoya City, Aichi Prefecture, President and CEO: Masakazu Kono, hereinafter referred to as PRODRONE) is pleased to announce that it has implemented a third-party allotment of capital to fund No. 2 (official name: Chiba Dojo Drone Department No. 2 Investment Limited Partnership) operated by DRONE FUND Co., Ltd., and has welcomed Kotaro Chiba, the company's founder and representative partner, as an outside director in order to strengthen its management structure.
Under the new management structure, PRODRONE will further promote the social implementation of drones and the growth of our business.Comments from Kotaro Chiba, Founder/Representative Partner of DRONE FUND and Outside Director of PRODRONE

"Today's drone industry is at an extremely important time for the full-scale social implementation of drones. Since the dawn of the drone industry in Japan, DRONE FUND has highly evaluated PRODRONE as a player who has been at the forefront of technology development and aircraft development. DRONE FUND will take this opportunity to provide further support for PRODREONE's further leap forward in realizing a society based on drone air mobility."

Comment from Masakazu Kono, President and Representative Director of PRODRONE

“DRONE FUND has provided us with a variety of support as a shareholder of our company since 2018, and we would like to express our sincere gratitude to them for allowing us to make an additional investment and further strengthen our relationship.We will accelerate our technological development and business expansion toward our goal of becoming the world's number one industrial drone system manufacturer and changing the world.”

■Kotaro Chiba Profile[Title]
・DRONE FUND Founder/Representative Partner
・Chiba Dojo Fund General Partner
・Keio University SFC Special Invited Professor

[Career]
Joined Recruit after graduating from Keio University's Faculty of Environment and Information Studies. In 2009, he joined COLOPL and became executive vice president. After being listed on the TSE Mothers IPO in 2012 and the TSE First Section in 2014, he retired in July 2016.
Currently, he is an angel investor who invests in more than 60 startups in the Internet field and more than 40 VC funds, and is the representative of the field-specific VC "DRONE FUND" which aims to create a society based on drones and air mobility, and the "Chiba Dojo Fund". In April 2019, he became a visiting professor at Keio University SFC. He is also HondaJet's first customer in Japan, and he also holds an airline pilot license (Private Pilot License).■About DRONE FUNDDrone Fund was established in June 2017 as a venture capital firm specializing in drone-related startups. Currently, Fund No. 2 is developing investment activities with the theme of realizing a "society based on drones and air mobility."
*DRONE FUND company profile https://dronefund.vc Please take a look.■About Prodrone Co., Ltd.Prodrone Co., Ltd. is a B2B company whose goal is to become the world's number one industrial drone system manufacturer and change the world. We provide a one-stop service for many companies entering the industrial drone market, from research consulting, aircraft development, control software development, service application development, and mass production.
*PRODRONE company profile https://www.prodrone.com/jp Please take a look.■Contact information regarding this matterProdrone Co., Ltd.
E-mail: press@prodrone.com
Person in charge: Takeshima TEL: 052-890-8800