DBJ Asset Management Basic Policy on Fiduciary Duties [Provisional translation](Purpose)
Article 1.
1-1. DBJ Asset Management Co. Ltd. (“DBJAM”) shall contribute to the activation ofnew funds flow and development of financial markets through the pursuit of thebest interests of the clients/investors with providing quality investment
opportunities and investment management services, and with meeting theirdiverse requirements, while leveraging the corporate culture, industry knowledge
and networks which have been cultivated by the DBJ Group.
1-2. DBJAM shall establish "Basic Policy on Fiduciary Duties” ("the Policy”) as thehighest business criterion in order to achieve its purpose described above.

(Pursuit of the best interest for the client)
Article 2.
DBJAM, in accordance with its high expertise and strict professional disciplines, shallconduct business faithfully and diligently with the clients while pursuing therealization of their best interests.

(Optimal service provision)
Article 3.
DBJAM shall pursue provision of highly qualified and responsible investment
opportunities and investment management services based on accurate knowledge ofeach client’s asset status, investment policy, and requirements after gaining theirunderstanding on proposals through close communication.

(Accurate information provision)
Article 4.
4-1. DBJAM, when soliciting, executing or amending contracts relating to its services,shall fully explain to the clients all matters that may affect their interests, including
management fees and management measures for conflict of interests as the needarises.
14-2. DBJAM, meeting to the request of the client, shall provide management reports
and other information in appropriate and considerate manner.
(Fair service provision)
Article 5.
5-1. DBJAM shall provide its services fairly to all clients.
5-2. The fees which DBJAM offers shall be fair, fitting and proper for the service
DBJAM provides, and shall be fully accountable for the clients.

(Effective management for conflict of interests)
Article 6.
6-1. DBJAM shall establish an effective management system for conflict of interests,
including consideration of potential conflicts between DBJAM and other groupcompanies, in order to avoid harming clients’ interests unfairly.
6-2. DBJAM shall create the policy on conflict of interest management as part of themanagement system described above.

(Stewardship responsibility)
Article 7.
7-1. DBJAM, from the perspective of maintaining profound knowledge about
investment targets and risk-return optimization to maximize profits, shallintegrate environmental, social, and governance (“ESG”) elements into investment
processes such as investment decisions and monitoring. DBJAM, in order topursue long-lasting expansion of the clients’ investment profit, shall not only
understand the status of investees, but also engage with investees appropriately
and actively to urge them to improve and develop their business activities toward
the sustainable growth.
7-2. DBJAM, based on each client’s requirements, shall further develop the endeavors
described above and contribute to the establishment of a sustainable society.

2(Discipline and motivation of employees)
Article 8.
8-1. DBJAM, when selecting and hiring officers and employees, shall appropriately
evaluate whether the person is highly motivated, and ability to contribute toward
the achievement of objectives in accordance with the Policy.
8-2. DBJAM shall establish an appropriate system for personnel and performance
evaluation which shall be designed to align with the interests of the clients,
particularly with the core criterion of contributing to the realization of the bestinterests for the clients.
8-3. DBJAM shall train officers and employees as professionals who hold expertise ofhigh-standard and strict professional disciplines, and appropriately provide training
and other opportunities for self-development.
8-4. DBJAM shall improve the internal system and work environment so that officers
and employees can contribute and perform their roles in line with the purpose of thePolicy.

(Establishment of proper internal system)
Article 9.
DBJAM shall properly develop internal rules and other necessary internal systems toensure the realization of its purpose and the proper implementation of the Policy.

(Establishment of the corporate culture)
Article 10.
DBJAM shall continue ever-lasting endeavors to elevate the norms described in thePolicy to the established corporate culture.

(Disclosure of the Policy)
Article 11.
11-1. DBJAM shall disclose the Policy and publicize the implementation status of eachbusiness year in an appropriate manner.
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11-2. DBJAM shall continuously review the Policy and revise it as necessary to ensure
its effectiveness as a management norm, aiming to better business operations.

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