Sharing of Information of Clients that are Listed Companies, etc. among the Group Companies

JPMorgan Securities Japan Co., Ltd.
JPMorgan Chase Bank, N.A.
JPMorgan Mansart Management Japan Co., Ltd.

As publicly announced, the amendments to the Cabinet Office Order on Financial Instruments
Business, etc. and the Comprehensive Supervisory Guidelines for Financial Instruments
Business Operators, etc. came into effect on June 22, 2022, in response to therecommendations of the Second Report (released in June 2021) by the "Market System
Working Group" under the Financial System Council (the “Amendments”). Under theseAmendments, a New Opt-Out system (*3) was established for clients who are "ListedCompanies, etc.” (*2). With this notification, JPMorgan Securities Japan Co., Ltd., JPMorgan
Chase Bank, N.A. and JPMorgan Mansart Management Japan Co., Ltd. (collectively referred toas “J.P. Morgan”, “we”, “us” or “our”) hereby notify our clients who are Listed Companies, etc. ofour intent to handle Non-Public Information (*4) of such clients in accordance with the New OptOut System, along with other ancillary necessary information.

Prior to the Amendments, we have shared Non-Public Information of our clients, including thatof Listed Companies, etc., to the extent permitted by law and necessary for conducting
businesses after obtaining prior written consent or providing an opportunity via written notice forclients to request their Non-Public Information to not be shared. In light of the Amendments,
upon the publication of this notification and lapse of the necessary notice period from theeffective date of the Amendments, we will, in principle, deem that our clients who are Listed
Companies, etc. have consented to our sharing of their Non-Public Information under the NewOpt-Out System until such client requests us to no longer do so. This will not apply to cases
where, prior to the Amendments, we have already obtained consent to share Non-PublicInformation through our prior written notice or client’s written consent or where clients haveindicated their desire not to have their Non-Public Information shared among us.

In accordance with the need-to-know principle and related internal rules, we have long taken
necessary measures to manage Non-Public Information, such as taking the utmost care toensure that the confidentiality of information is not compromised. In addition, we have in place aconflict of interest management system in accordance with laws and regulations to ensure thatthe interests of our clients are not unfairly impaired. Even within the same corporation, we have
implemented measures to block the flow of information between public and private divisions aswell as between divisions that may have business-related conflicts of interest. We will continue
to maintain these measures going forward. In addition, we will continue to manage the1

information of clients who have signed individual non-disclosure agreements in compliance withsuch non-disclosure agreements. Therefore, the system of strictly managing client information,
including Non-Public Information, will be maintained in the same manner as it was before theenactment of the New Opt-Out System.

Details on how we share information of Listed Companies, etc. among us are as follows:

1. Scope of Non-Public Information to be shared

Non-Public Information about the client that has been known to us to date and Non-PublicInformation about the client that may become known to us in the future.

2. Scope of parent-subsidiary corporations, etc. that exchange Non-Public Information

JPMorgan Securities Japan Co., Ltd., JPMorgan Chase Bank, N.A. and JPMorgan Mansart
Management Japan Co., Ltd.

3. How Non-Public Information is Shared

Non-Public Information will be shared orally, in writing, via email, through access to a shared
database or through other means of information sharing.

4. Procedures to Manage Non-Public Information

We take necessary measures for the management of Non-Public Information to prevent
unauthorized access to or use of Non-Public Information by restricting accesses or by othermeans.

5. Purpose of Use of Non-Public Information

We will use Non-Public Information in our possession for the following purposes.

(1) To develop, propose and communicate various financial products and services

By applying the integrated resources of J.P. Morgan, we hope to further develop, propose
and communicate to you financial products and services that meet your needs.

(2) To offer financial products and services that are most appropriate to you2

We will use client transactional information to offer financial products and services thatare most appropriate to you.

(3) To provide “first-class execution” of client services based on an integrated business
management and controls within J.P. Morgan

In order to continue to provide the best service J.P. Morgan can to our clients, we willcontinue to build and develop robust business management methods and controlstructures.

6.Necessary procedures and contact information in case a client requests for their Non-PublicInformation to no longer be shared

If you wish to request for your Non-Public Information to no longer be shared, please send anemail with the Required Information (as described in Item (1)) from your email address (inaccordance with Item (2)) to our contact address (as described in Item (3)).

(1) Required Information:
Your request to stop sharing Non-Public Information

Your official company name

Department, title and name of the person authorized to make the decision
regarding the request

Name, email address and telephone number of the person to be contacted
regarding the request (please refer to Item (2) below for precautions regarding
the email address to be used).

If you are the top company of your group companies’ hierarchy and wish to opt
out on behalf of all companies in your group, please indicate as such.

(2) Precautions about your email address:
When contacting us to request for your Non-Public Information to no longer be shared,
please use the email address established in your organization for business purpose
use. If this request is sent from a private email address, we will not be able to send a
reply to such email address. In the event you use a private email address, we willcontact you at the phone number provided in the email or your representative phone
number for confirmation.

(3) Our contact information:
Your J.P. Morgan business representative; orEmail address: Opt-Out_Query@jpmorgan.com
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7. Procedures for Sharing of Non-Public Information Where Clients Have Requested thatNon-Public Information No Longer be Shared

In the event that you request for your Non-Public Information to no longer be shared among us,
we will not share your Non-Public Information newly obtained after receipt of such request. With
respect to any Non-Public Information that has been shared among us prior to such request andis included in common-use databases and other information repositories, we will continue to use
the information but only for the purposes outlined in 5. above and in a manner compliant with allapplicable laws and regulations.

However, we may continue to solicit transactions, etc., in linewith appropriate information management practices, using your Non-Public Information that weobtained and shared among us prior to receiving such request.

We appreciate your understanding of this matter which is intended to further improve our services
we offer to you.

JPMorgan Securities Japan Co., Ltd.
http://www.jpmorgan.co.jp/country/JP/JA/japan-jpmsj_optout

JPMorgan Chase Bank, N.A.
http://www.jpmorgan.co.jp/country/JP/JA/japan-jpmc_opt_out

JPMorgan Mansart Management Japan Co., Ltd.
https://www.jpmorgan.co.jp/ja/disclosures/japan-jpmmmj_optout

In addition to your request for your Non-Public Information to no longer be shared among us,
any specific questions or comments regarding the sharing of client information can be directed
to your J.P. Morgan business representative.

Alternatively, for general questions about this notice, please contact below:

Common contact for JPMorgan Securities Japan Co., Ltd., JPMorgan Chase Bank, N.A. Tokyo
Branch and JPMorgan Mansart Management Japan Co., Ltd.:
Email address: Opt-Out_Query@jpmorgan.com(*1)

Firewall restrictions: Regulations that prohibit the sharing of Non-PublicInformation, etc. mainly between banks and securities companies from theperspective of preventing the abuse of a superior bargaining position, preventing
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conflict of interest in transactions, and ensuring the appropriate protection ofclient information, etc.
(*2) Listed Companies, etc.: Clients who fall under any of the following as set forth in
Article 123, Paragraph 1, Item 18 (g) of the Cabinet Office Order on FinancialInstruments Business:(1)

Listed companies, etc. and their subsidiaries, etc. as defined in Article 163,
Paragraph 1 of the Financial Instruments and Exchange Act (hereinafterreferred to as the "FIEA")(2)

A stock company that intends to list its issued shares on a financial
instruments exchange (limited to a stock company that has entered into anagreement with a certified public accountant or an audit corporation toreceive advice necessary to comply with the criteria for such listing or an
audit pursuant to Article 193-2 of the same Act) and its subsidiaries, etc.

(3)

Persons who have submitted securities reports prescribed in Article 24,
Paragraph 1 of the FIEA (including the cases where it is applied mutatismutandis under Paragraph 5 of the same Article (including the cases where
it is applied mutatis mutandis under Article 27 of the Law) and Article 27 ofthe FIEA) and their subsidiaries, etc.

(4)

Qualified Institutional Investors (excluding those listed in Article 10,Paragraph 1, Item 23 (limited to the part pertaining to (a)) and Item 24 of
the Cabinet Office Order on Definitions under Article 2 of the FIEA) andtheir subsidiaries, etc.

(*3)

New Opt-Out System: Under Article 153(1)(vii) of the Cabinet Office Order on
Financial Instruments Business, if a securities company, etc. provides its clients
who are Listed Companies, etc. with easy access to the fact that the sharing ofNon-Public Information will be suspended in response to an opt-out (a request tosuspend the sharing of Non-Public Information by a securities company, etc. with
its parent/subsidiary corporation, etc. in the event the Listed Company, etc.
wishes for their Non-Public Information to not be shared), such securities
company, etc. is permitted to share Non-Public Information of such clients withthe parent/subsidiary corporation of such securities company, etc. without
requiring consent from such client and until such client opts out.

(*4)

Non-Public Information: “Non-public information” as defined under Article 1,Paragraph 4, Item 12 of the Cabinet Office Order on Financial Instruments
Business.

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