No securities are beneficially owned.
This statement is being filed by SBI Securities Co., Ltd. (the "Reporting Person"),The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein. On January 29, 2025, the Reporting Person experienced an increase in its beneficial ownership of Crown Electrokinetics Corp. (the "Issuer") to above 10% of the outstanding common stock of the Issuer due to a securities borrow transaction. But, as of the date of this statement, the percentage of its beneficial ownership is below 10% due to repayment of borrowed shares.