Kyoritsu Maintenance also provides services as a hotel operator based on the sponsor support agreement between the Asset Manager.
The Asset Manager has entered into sponsor support agreements separately with each Sponsor.
The Asset Manager and we have entered into trademark license agreements with each Sponsor, excluding PAG. With PAG IPR HOLDINGS LIMITED, the IP holding company of PAG, and a member of the PAG group, the Asset Mnager and we have have entered into a license deed.
