ModernSlavery
Statement
For the reporting period 1st January 2022 to 31st December 2022

TOYO TYRE AUSTRALIA PTY LTD141.docx

Modern Slavery Statement

REPORTING PERIODThis statement applies to the company’s financial year commencing 1st January 2022 and ending 31stDecember 2022.

COMPANY STRUCTURE
Toyo Tyre Australia Pty Ltd (ACN 000 767 279) has its registered office at level 2, 137-149 Airds Road
Minto, NSW, 2566, Australia, and is an unlisted Australian public company, being a wholly owned
subsidiary company of Toyo Tires Corporation, based in Japan.
As at the end of December 2022, Toyo Tyre Australia Pt Ltd employed 63 people in Australia acrossthe operation of its pneumatic rubber tyre importation and wholesale distribution businessToyo Tyre Australia Pty Ltd does not own or control any other entities.

COMPANY OPERATIONS
Toyo Tire Corporation (parent company) employs nearly 12,000 people globally and has seven tyre
manufacturing plants in Japan (2), USA, Malaysia, China (2) and Serbia. The manufacture and sale oftyres accounts for approximately 90% of Toyo Tire Corporations global net annual sales, with themanufacture of automotive parts accounting for the remaining 10% of global net annual sales. Thetyre business manufactures and controls the global distribution of the following 2 tyre brands;
1. Toyo Tires
2. Nitto
Toyo Tyre Australia Pty Ltd’s tyre business unit sources tyres exclusively and directly from Toyo Tire
Corporation (its parent entity) and directly manages and operates 7 tyre distribution centres inTownsville (QLD); Brisbane (QLD); Newcastle (NSW); Sydney (NSW); Melbourne (NSW); Adelaide(SA); Perth (WA), and operates a rubber manufacturing plant in Sydney (NSW).
The tyres are sold on a wholesale basis predominantly to tyre retailers in Australia, who in turn sellthem to private and commercial consumers. Tyres are also sold into the New Zealand market thougha local distributor who in turn sells them on a wholesale basis to New Zealand tyre retailers.
Our company’s 1st tier supplier matrix is shown in the following table which also categorises the typeof relationship we have for each supplier product/service group.
The type of relationship we have with our suppliers infers the level of relative influence we may
potentially have in each commercial relationship.

Toyo Tyre Australia Pty Ltd

1st January to 31st December 2022 Reporting Period2

Modern Slavery Statement

TOYO TYRE AUSTRALIA PTY LTD’S
SUPPLY CHAIN
Products/raw Tyres
materials
Storage stillages
Services
Logistics (freight)
Utility companies
Waste removal
Cleaning contractors
Labour hire
IT contractors
Fire services contractors
Security contractors
LegalFLCCCCCCCCL

LEGEND:F
fixed relationshipLlong term relationshipCchangeable relationship

SUPPORTING POLICIES
Toyo Tire Corporation enforced a Global Human Rights & Labour Policy throughout the Toyo Tire
Group in January 2019. This policy specifically addressed the following United Nations SustainableDevelopment Goals;
18910No Poverty
Decent Work and Economic Growth
Industry, Innovation and Infrastructure
Reduced Inequalities

A component of the global version of Toyo Tire Corporation’s Code of Conduct Handbook also
specifically deals with issues pertaining to “Human Rights and Local Communities” and complements
the aforementioned policy.
Toyo Tyre Australia Pty Ltd also has a Whistle-blower Policy to support compliance with thecompany’s Code of Conduct Handbook. All Toyo Tyre Australia Pty Ltd’s employees are aware of theCode of Conduct Handbook and Whistle-Blower Policy.
Toyo Tyre Australia Pty Ltd will also develop a specific Modern Slavery Policy that directly addresses
the risk of modern slavery issues within its supply chain.
All company policies are readily available on the company’s Intranet site.

Toyo Tyre Australia Pty Ltd

1st January to 31st December 2022 Reporting Period3Modern Slavery StatementTRAINING
Online compliance training is provided by both Toyo Tire Corporation and Toyo Tyre Australia Pty Ltd
on a regularly scheduled basis each year to Toyo Tyre Australia Pty Ltd’s employees. These training
courses are delivered through experienced and accredited training service providers.

DUE DILIGENCE ON RISKAs a means of providing a transparent benchmark for our corporate Environmental, Social andGovernance (ESG) practices, the Toyo Tire Group has been included in;• FTSE4 Good Index Series• FTSE Blossom Japan Index• SOMPO Sustainability Index
The Toyo Tires Group understands and respects the applicable local laws governing human rights inthe countries we conduct business in and the following international principles governing humanrights;•International Bill of Human Rights including Universal Declaration of Human Rights (UN:United Nations).
•Guiding Principles on Business and Human Rights (UNHRC: United Nations HumanRights Council).
•OECD Guidelines for Multinational Enterprises (OECD: Organization for EconomicCooperation and Development).
•Tripartite Declaration of Principles concerning Multinational Enterprises and Social
Policy (ILO: International Labour Organization.
Toyo Tyre Australia Pty Ltd’s employees encompass a range of warehouse and office roles, including
warehouse workers, technicians, tradespeople, salespeople, finance and admin functions, middle
and senior managers.
All of Toyo Tyre Australia Pty Ltd’s employees are employed in compliance with Australian workplacelaws.
The company is accredited under ISO 9001:2015 and ISO 14001:2015
The risk of modern slavery occurring in our supply chain is predominantly with suppliers external to
the Toyo Tires Group, particularly those operating in high-risk industries and based in high-riskcountries.

Toyo Tyre Australia Pty Ltd

1st January to 31st December 2022 Reporting Period4Modern Slavery Statement

TOYO’S RESPONSE TO THE MODERN SLAVERY ACT
Toyo Tyre Australia Pty Ltd is not aware of the existence of any modern slavery issue, or allegation ofa modern slavery issue, arising within its supply chain.
If any instance of modern slavery is identified, action will be taken to ensure the issue is immediatelyremediated. Ongoing confirmation will also be required from the relevant suppliers that no further
modern slavery issues arise in their workforce and supply chain. If remediation and ongoing
confirmation does not occur, alternative suppliers will be sourced who will commit to provide goods
and services free of any modern slavery practices and in accordance with our relevant policies. Our
supplier contracts will also be amended where appropriate to include terms prohibiting modern
slavery practices and requiring confirmation these practices are not engaged in and will not beengaged in.
Toyo Tyre Australia Pty Ltd will continue to review responses provided by suppliers to ourquestionnaire regarding modern slavery issues as they are received and will assess what steps wecan take on an ongoing basis to further minimise the risk of modern slavery issues arising in oursupply chain.

STATEMENT REVIEW AND APPROVALThis statement was reviewed and approved by the Board of Directors of Toyo Tyre Australia Pty Ltd
on 29th June 2023.

Signed:Name:

Michael Rudd

Position: Managing Director & CEO
Date:

Toyo Tyre Australia Pty Ltd

1st January to 31st December 2022 Reporting Period5