[Translation]
MBS GROUP HUMAN RIGHTS POLICY
We, the MBS Group, formulated the “MBS Group Compliance Charter” (the “Charter”) sometime ago, and all our officers and employees have conducted their business activities with anunderstanding of and in compliance with the Charter as a member of the group. Furthermore,Mainichi Broadcasting System, Inc., MBS Radio, Inc. and GAORA Incorporated haverespectively established their own broadcasting standards and have been conducting thebroadcasting business in a manner that meets the social responsibilities and public duties of abroadcasting service. In addition to the above, in renewing its recognition of the importance ofthe commitment to respecting human rights, the MBS Group hereby establishes this “MBS Group
Human Rights Policy” (this “Policy”) to clarify the concepts relating thereto. We will remain acorporate group trusted by society and contribute to strengthening the social awareness of humanrights by meeting our responsibility to respect the human rights of all stakeholders (any person
who may be affected by our business activities) in accordance with this Policy.
1. Scope
This Policy applies to all officers and employees of the MBS Group. We also encourage allbusiness partners of the MBS Group to understand and support this Policy.
2. Support of and Respect for International Norms Relating to Respect for Human Rights
The MBS Group supports and respects international standards relating to human rights including
the International Bill of Human Rights (the Universal Declaration of Human Rights andInternational Covenants on Human Rights) and the International Labour Organization (ILO)
Declaration on Fundamental Principles and Rights at Work. Furthermore, we will make efforts tomeet our corporate responsibility to respect human rights in accordance with the United Nations
Guiding Principles on Business and Human Rights. In case of any inconsistency between
international norms and relevant laws and regulations of a country or region where we conductbusiness activities, we will seek to respect and place priority on international norms.
3. Respect for Human Rights Relating to Contents and Services Transmitted and Provided
Recognizing our social responsibility and public duties, the MBS Group will respect human rights
in transmitting and providing any contents and services. Furthermore, we will accommodate theright to know and contribute to strengthening the social awareness of human rights through thecontents and services transmitted and provided by us.
4. Respect for Human Rights in Each Process of Business Activities
In addition to the matters described in Section 3 above, the MBS Group will make efforts toprevent and mitigate adverse human rights impacts on our stakeholders in each process of ourbusiness activities, especially taking into account the following points:

(1) Respect for Human Rights of Workers
We respect the human rights of all workers associated with the MBS Group, and create ahealthy and pleasant working environment.
(2) Respect for Human Rights at Business Partners
If a business partner is involved in any adverse human rights impact, the MBS Group will seek
to have such business partner take appropriate actions to respect and not infringe human rights.
5. Human Rights Due Diligence, etc.
The MBS Group conducts human rights due diligence (investigation and assessment ofcircumstances relating to human rights) to prevent or mitigate adverse human rights impacts. If
any business activity of the MBS Group is found to cause or contribute to adverse human rights
impacts, we will take appropriate measures, including remediation and correction. In addition, wewill make use of the expertise of external parties concerning human rights and also engage indialogue and consult with stakeholders with the goal of taking action in support of ourstakeholders.
6. Education and Awareness Building
The MBS Group will conduct necessary education and awareness building activities so that all
officers and employees understand this Policy and put into practice the actions under this Policy
in performing their respective duties.
January 1, 2024
Masayuki Takayama, President
MBS Media Holdings, Inc.