April 3, 2023

Sharing of non-public information among our group companies

BNP Paribas Securities (Japan) Limited
BNP Paribas, Tokyo Branch
BNP Paribas Asset Management Japan Limited

Effective from June 22, 2022, the Cabinet Office Ordinance regarding Financial Instruments
Trading Business (2007 Cabinet Office Ordinance No. 52, the “Business Ordinance”) under theFinancial Instruments and Exchange Act (“FIEA”) and the administrative guidelines for FinancialInstruments Trading Business Operators issued by the Financial Services Agency of Japan wereamended and implemented such that the so-called firewall regulations were largely changed,
which includes a new way of Opt-out (the “New Opt-out Method”)1with respect to clients who are“In-scope Companies”2. Based on this change in the regulation (the “Regulatory Change”), BNP
Paribas Securities (Japan) Limited, BNP Paribas, Tokyo Branch and BNP Paribas Asset Management
Japan Limited (collectively, “BNP Paribas Group Participating Companies” and each, a “BNP Paribas
Group Participating Company”) have decided to share with one another, non-public information
about our clients who are In-scope Companies, subject to the terms and conditions describedbelow.
If you do not wish for us to provide or receive non-public information about you among BNPParibas Group Participating Companies in accordance with the New Opt-out Method, please let usknow through the point of contact set forth below.

1The New Opt-out Method is a new way of sharing non-public information about certain categories ofclients between a securities company and its affiliates in Japan, which is now permitted without having toobtain express consent of clients under Article 153, Paragraph 1, Sub-paragraphs 7 and 8 of the Business
Ordinance, if the clients are enabled to easily know the fact that they can opt out from the sharing of theinformation.
2In-scope Companies refer to “Listed Entities Etc.”, a term defined under Article123, Paragraph 1, Subparagraph18 (g) of the Business Ordinance to mean (a) a listed company and its subsidiaries, (b) a company
to be listed (pre-IPO) and its subsidiaries, (c) a company filing annual securities reports (Yuuka Shoken
Houkoku-sho) and its subsidiaries and (d) a certain Qualified Institutional Investor and its subsidiaries.

Please be advised that BNP Paribas Group Participating Companies may exchange and share yournon-public information using the New Opt-out Method on terms and conditions different fromthose set out below, if we have obtained your specific consent to do so.
BNP Paribas Group Participating Companies have been taking necessary steps/measures tomanage confidential information and non-public information since before the Regulatory Change,in accordance with the Need-to-Know principle and our internal policies. Furthermore, measures
have been in place to protect your interests from being wrongfully harmed, by implementing a
conflict of interest management system and blocking information between the public side andprivate side departments. Such control framework will remain the same.

1. Scope of clients to which the New Opt-out Method may be applicable
BNP Paribas Group Participating Companies will apply the New Opt-out Method only to the clientsof BNP Paribas Securities (Japan) Limited or BNP Paribas, Tokyo Branch which are also In-scope
Companies (see Note 2 below). However, even where you are an In-scope Company, if you haveentered into an information sharing agreement with a BNP Paribas Group Participating Company(which includes deemed consent based on the Opt-out method permitted before the Regulatory
Change, full Opt-in consent and limited Opt-in consent) either previously or will do so in thefuture, BNP Paribas Group Participating Companies will not apply the New Opt-out Method to you.
In such case, we will exchange and share your non-public information among BNP Paribas Group
Participating Companies pursuant to such information sharing agreement entered into with you,unless it is terminated or modified.
2. Scope of non-public information exchanged among BNP Paribas Group ParticipatingCompanies
All clients’ non-public information that BNP Paribas Securities (Japan) Limited or BNP Paribas,
Tokyo Branch has obtained, or will obtain, in the course of its dealings with clients (such as detailsof past transactions, expected transactions and their timing and other information included in thedefinition of “non-public information” as prescribed in Paragraph 4 (xii) in Article 1 of the Business
Ordinance; hereinafter “Non-Public Information”).
3. Scope of BNP Paribas Group Participating Companies within which Non-Public Information isexchanged
BNP Paribas Securities (Japan) Limited, BNP Paribas, Tokyo Branch and BNP Paribas AssetManagement Japan Limited
4. Methods of exchanging Non-Public Information
The exchange of Non-Public Information among BNP Paribas Group Participating Companies may
be made through any means including verbal, written or email communication, or by giving accessto databases.

5. Control Methods employed by the recipient of Non-Public Information
The BNP Paribas Group Participating Company receiving your Non-Public Information will take allnecessary steps in the management of your Non-Public Information to prevent any unauthorizedaccess or use of your Non-Public Information by having sufficient control over access rights or byother means.
6. Purposes of the use of Non-Public Information
BNP Paribas Group Participating Companies may use Non-Public Information about you for thepurpose of (a) strengthening coordination with one another and gathering expertise andexperience within the Group to provide clients with quality products and services and (b)conducting integrated business operations as a group and proper and efficient risk
management/control of each entity in order to render better services to clients on a continuingbasis.
7. Methods of managing Non-Public Information when the sharing of Non-Public Information
among BNP Paribas Group Participating Companies is discontinued
If you make a request to us for the discontinuation of the sharing of your Non-Public Information
among BNP Paribas Group Participating Companies, we shall not exchange new Non-PublicInformation about you within BNP Paribas Group Participating Companies thereafter. This shallnot apply to the sharing of Non-Public Information necessary for internal control functions andsystem/IT information management/support, etc. as exempted from the restriction of information
sharing pursuant to the Business Ordinance. However, each BNP Paribas Group Participating
Company may, subject to adequate information control management, continue to use your NonPublic Information that it has already received prior to the receipt of your request above, for thepurpose of solicitation or otherwise.
8. Procedure for your Opt-out
If you do not wish us to exchange and share Non-Public Information about you among BNP Paribas
Group Participating Companies, please kindly inform the point of contact indicated below to thateffect. Upon receiving your request, we will cease exchanging and sharing your Non-PublicInformation among BNP Paribas Group Participating Companies subject to Paragraph 7 above.
Point of Contact:
BNP Paribas Group Opt-out Contact
Email address: japan.isa@asia.bnpparibas.com
Address: GranTokyo North Tower 1-9-1 Marunouchi, Chiyoda-ku Tokyo 100-6741
Please note that the above email address is our dedicated contact for dealing with our customers’
opt-out requests. Should you have any questions, please kindly contact your sales representativein the relevant BNP Paribas Group Participating Company.