1

History of Global Expansion

150 years of History

Since the 1970's, the Oji Group has been expanding overseas in a variety of fields. In this section, weintroduce the challenges faced by each company in expanding its business activities around the world.

1 1999.08 Establishment Ojitex (Vietnam) Co., Ltd.

History of Global Expansion

since 1999

Ojitex (Vietnam) Co., Ltd.

Vietnam

2 2010.10 Establishment Oji Paper International Trading (Shanghai) Co., Ltd. China

VietnamAiming to make a sustainable contribution tothe Vietnamese economy

China

3 2011.03 Joined the Group S. PACK & Print Public Co., Ltd.
4 2011.03 Joined the Group Sahakij Packaging Co., Ltd.
5 2011.08 Joined the Group Harta Packaging Group6 2011.09 Joined the Group Oji Papéis Especiais Ltda.

In March 1997, Texchem Resources Bhd., a Japanese company in Malaysia, approached Corrugated Container Div., Oji Paper about ajoint venture. After a site survey by both companies, it was decided to proceed with the project as a joint venture based on the judgment that thebusiness opportunities were ample. At that time, labor-intensive manufacturing industries such as Sony Corporation, Matsushita Electric Industrial Co.,
Ltd. ( n o w P a n a s o n i c C o r p o r a t i o n ) a n d o t h e r c o n s u m e r e l e c t r o n i c s manufacturers were expanding into the Ho Chi Minh City area. Thus, it waspredicted that the manufacturing industry would actively expand its operations in Vietnam, and demand for high-quality corrugated containers was also
expected to grow dramatically. Therefore, it was decided to establish a corrugated container factory in Ho Chi Minh area ahead of other major foreigncorrugated manufacturers. After some difficulties in selecting overseas contractors, Bien Hoa Headquarters Factory went into operation in 2000.

ThailandThailand

Along with the expansion of production, Binh Duong Factory started operation in 2016 and Long Thanh Factory with state-of-the-art facilities in 2022.
The challenge for the future is to localize the company while retaining the advantages of being a Japanese company to the maximum extent
possible. They will continue to contribute to the Vietnamese economy by conducting their business activities in line with current trends and with acommitment to the SDGs.

MalaysiaBrazil7 2012.06 Establishment Oji India Packaging Pvt. Ltd.

India

123247531456❶Bien Hoa Factory❷Binh Duong Factory ❸Long Thanh Factory ❹President Shinoda visited the factory and planted commemorative trees in 2007 ❺Corrugator machine in Long Thanh Factory❻Opening Ceremony of Binh Duong Factory in May 2016

Company Profile

6Company NameHistory
1999

Establishment of the company (joint venture with Texchem Resources Bhd.)

2000

Started operation (Bien Hoa Headquarters Factory)

2005

Acquired 30% equity interest in Texchem Resources Bhd. and took full ownership19992016

Binh Duong Factory started commercial production

Location

2022

Long Thanh Factory started commercial production

Ojitex (Vietnam) Co., Ltd.
Business

Manufacture and sale of corrugated containers
Year of Establishment

Dong Nai/ Binh Duong Province, Vietnam

1150
5 0years
年の歩
みof History

History of Global Expansion

24

History of Global Expansion

since 2011

since 2010

Oji Paper International Trading (Shanghai) Co., Ltd.
Further contribution to the expansion ofOji Group's pulp and wood business

3ChinaIn October 2010, Oji Paper International Trading (Shanghai) Co., Ltd. (hereafter referred to as OPIT) was established in Shanghai as a base for Oji
Group to sell pulp directly in China and to secure stable revenues, as demand for pulp was expected to increase significantly in line with rising paper
demand in China. OPIT was established as a base for the Oji Group's "resource business" in China, selling pulp produced by Oji Group companies inJapan and overseas, importing and exporting wood products, procuring chemicals and raw materials for papermaking, and gathering information at thesame time.
At the time of its establishment, it began operations with a total of 10 employees, including four Japanese expatriates and six local staff. Since 2012,
they have started selling BCTMP from Pan Pac, LBKP from Nantong Mill, DP from Yonago mill, LBKP from CENIBRA, and logs from Japan,among others.
At that time, they made direct phone calls to users to make appointments and develop new customers from scratch, and traveled to remote areas tocollect bills, as payment by bills was common. Working together and overcoming difficulties, the staff has aggressively expanded the "resource business"and developed markets in China for the forest resources of Oji Group companies.
OPIT will continue to expand sales in the Asian region with the aim of further developing the Group's pulp business.

2S. PACK & Print Public Co., Ltd.
Sahakij Packaging Co., Ltd.
Expantion of packaging business in Thailand

Since 2010, the Oji Group has been expanding its packaging business in Southeast Asia, and with a wide variety of Japanese companies operating inThailand, strong demand was expected in the packaging business. Under such circumstances, S.PACK's location in southern Thailand and its proximity
to the Malaysian border led to expectations of synergies with GSPP in Malaysia, and the Oji Group acquired its shares, making it a subsidiary .
Corrugated container production for consumer electronics, which was envisioned at the time of the acquisition study, was transferred to Vietnam, andsales of corrugated containers for seafood processing declined due to disease in farmed shrimp. Despite the difficult business environment, both net
sales and operating profit have been favorable immediately after the acquisition due to the companies' focus on folding cartons and corrugatedcontainers for rubber gloves and food products, which are growing stably. Demand for folding cartons and corrugated containers for rubber gloves,their mainstay product, is expected to continue to grow as awareness of hygiene management increases. They operate their businesses to keep up with strong
demand and will continue to operate their companies with strong roots in the local community.

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❶The Shanghai International Trade Centre where OPIT and other Oji Group companies in China have their offices ❷LBKP from Nantong Mill ❸Conference view of the Oji Group Pulp
Meeting (2019)

Company ProfileCompany Name

Oji Paper International Trading (Shanghai) Co., Ltd.
BusinessBrokerage of pulp, wood products andmaterials and purchase and sale of pulp, etc.

2010

Establishment of Oji Paper International Trading (Shanghai) Co., Ltd.

2011

Start of operations (pulp procurement for Nantong Mill, sales of self-manufactured pulp to China, salesof wood products, etc.)

2012

Start of selling BCTMP from Pan Pac

2013

Start of selling Japanese raw woods to China

2010

2014

Start of selling LBKP from Nantong Mill and DP from Yonago MillLocation

2016

Start of selling LBKP from CENIBRA

Year of Establishment

Shanghai, China❶Front of S.PACK Mill ❷Front of Sahakij MillCompany ProfileCompany NameHistory

Thailand

S.PACK & Print Public Co., Ltd. (S.PACK)
Sahakij Packaging Co., Ltd. (Sahakij)
Business

Manufacturing and sales of folding cartonsand corrugated containers
Year of Establishment

Sahakij 1988
S.PACK 1994
(Joined the Oji Group in 2011)
Location

ThailandHistory
1988
1994
1997
2004

Establishment of Sahakij Packaging Co., Ltd.
Establishment of S.PACK & Print Public Co., Ltd.
Acquisition of Sahakij by S.PACK, making it a wholly owned subsidiary
S.PACK listed on the Stock Exchange of Thailand

2011

The Oji Group acquired S.PACK shares and made it an affiliate company

2012

Sahakij Office and Mill moved to the current location in Sinsakhon Industrial Estate, Samut Sakhon
Province.Subsequently, the Oji Group acquired additional shares of S.PACK, and making it a subsidiary.

1150
5 0years
年の歩
みof History

History of Global Expansion

5

since 2011

History of Global Expansion

since 2011

Harta Packaging Group

Malaysia

Expantion and reinforcement of packaging businessin Southeast Asia
Established in 1987 as Harta Ngiak, the company later changed its name to Harta Packaging Industries Sdn. Bhd. (hereafter referred to as HPI) in 1990.
In the northern, central, and southern regions of Malaysia, its core business was the manufacture of containerboard, corrugated containers, diecut containers, and paper pallets. Later, the plastic bag business was added as a mainstay business. Only 10 years after its establishment, HPI
Resources Bhd. was listed on the Kuala Lumpur Stock Exchange (now Bursa Malaysia) in 1997. In 2000, Harta Fleksipak Mill, which manufactures
hawker paper (paper used to wrap food for take-out), hamburger paper, and paper bags, started operations and entered the food packaging business. In2004, it launched a corrugated container and plastic packaging business in the fast-growing Cambodian market. As it aimed to become an integrated
manufacturer, not only of packaging, but also of paper manufacturing, it took a giant leap forward with the acquisition of Trio Paper, a paper millproducing a variety of paper types in 2008.
In August 2011, it was acquired by Oji Paper Asia (at the time), which was looking to expand its packaging business in Southeast Asia, and became amember of the Oji Group.
Since its inception, HPI Group has continued to expand and grow its packaging business in Malaysia and Cambodia. As a member of the Oji Group, we willcontinue to provide excellent service and product quality to our customers while aiming to realize a sustainable society.

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2

Oji Papéis Especiais Ltda.

BrazilLeading company in the thermal paper industry
OPE's history dates back to 1953, when it began producing paper from sugarcane residue. Later, in the 1990s, Oji Paper (at the time)
licensed thermal and carbonless paper technology to the Brazilian conglomerate Votorantim Group, the former owner of OPE, and in 2011acquired the group's specialty paper mill. This mill became OPE and a major production location for the Oji Group in Brazil. After thisacquisition, OPE has continuously grown its operations in 12 years. In the first phase of its production expansion project in 2012, it increased its
coating dryer and color kitchen facilities. The second phase of production expansion in 2017 introduced state-of-the-art technology in the thermal paper
coating process to meet the demand of the Latin American market, which has been growing by more than 5% per year.
On the environmental perspective, all pulp used in OPE’ s products is FSC® (Forest Stewardship Council) certified, aiming to meet the demands of thecurrent times, including resource conservation and the SDGs. In addition, water used in the production process is taken from a nearby river, and thewater quality is strictly controlled and treated to reduce environment load.
OPE has also continued to contribute to the community through social, cultural, and sporting activities, such as food and clothing donation inPiracicaba, São Paulo, where the company is located, and support for the Paralympic basketball team and youth soccer school. OPE will continue to growto expand its share of the specialty paper market while respecting these activities.

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❶Harta Batu Pahat, HPI Group's first mill in 1990 ❷Inside the Nilai Mill in 2012 ❸New office at Nilai Mill in 2012 ❹Opening ceremony of the second mill in Harta Perak in 2019 ❺Groundbreaking
ceremony for UKB's second mill in 2021

Company ProfileCompany NameHPI RESOURCES BERHAD

Business

Paper manufacturing, corrugated container
manufacturing (sheet and box making),bag making, specialty paper processing,plastic bag manufacturing and sales

Year of Establishment

1987

Location

Malaysia /Paperboard (Trio Paper), Corrugated container mills(Northern: Perak 1 & 2, Central: Nilai, Southern: Batu Pahat, UKB 1 & 2),
Plastic bags and food packaging(Southern: Chiga Light, Harta Fleksipak)

Cambodia /Corrugated container mills(Harta Cambodia, Oji Packaging Cambodia, Ojitex Harta)

History
1987 Establishment of Harta Ngiak (former company name) in Batu Pahat, southern Malaysia

1990 Company name changed to Harta Packaging Industries Sdn. Bhd. (HPI, now Harta Batu Pahat)

15❶Panoramic photo after installation of new equipment in 2021 ❷Main gate of the company ❸OPE products (thermal paper for labels) ❹OPE products (thermal paper for cash
registers: POS) ❺New facilities awaiting operation after completion

1997 HPI Resources Bhd. listed on the Kuala Lumpur Stock Exchange (now Bursa Malaysia)

2004 Harta Cambodia (a corrugated container mill in Phnom Penh, Cambodia) started operations
2008 Acquisition of Trio Paper (a containerboard mill in Northern Malaysia)
2011 Acquisition by the Oji Group2013 Ojitex Harta (a corrugated container mill in Sihanoukville, Cambodia) started operations
2020

Oji Packaging Cambodia (a corrugated container mill in Phnom Penh, Cambodia) started operations.
United Kotak Berhad (UKB) became part of the HPI Group.

2022 UKB's second mill (a corrugated container mill in southern Malaysia) started operations

Company Profile
Company Name

Oji Papéis Especiais Ltda.

Business

Manufacture and sale of thermal paper, carbonless paper, etc.

Year of Establishment

1953 (Joined Oji Group in 2011)

Location

Piracicaba, São Paulo, Brazil

History
1953

Establishment of a paper mill2011

Joined Oji Group2012Expansion of color kitchen facilities (Phase I)

2017

Enhancement of the coating process (Phase II)

2021

Installation of new facilities (Phase III)

115500years
年年のの歩
歩History
みみ150ofHistory of Global Expansion

7since 2012

Oji India Packaging Pvt. Ltd.
Oji Group's corrugated container businessgrowing with India

India

Oji India Packaging was established in 2012 as the Oji Group's first base in fast-growing India, and began corrugated container production in 2014 at aJapanese industrial park in Neemrana, Rajasthan.
In the first few years of Neemrana Mill's operation, the sales volume did not grow very much and it was in the red, but as its customers, such as local
Indian consumer electronics manufacturers grew rapidly, the company’ s performance turned around and it achieved its first profit in FY 2019. In thesame year, a second mill, Chennai Mill, started production in Tamil Nadu, and a third mill, Sanand Mill, started production in Gujarat in 2020.
India is developing just like Japan's high-growth period, with white goods and air conditioners rapidly spreading to every household, and demand forcorrugated containers is growing in tandem. In response to this situation, Empire Packages, a corrugated container manufacturer in Punjab, joined
the Oji Group in 2021. In addition, a new mill in Sri City, one of the largest in India, is currently under construction in Andhra Pradesh to start production in thefall of 2024. The company will continue to grow to meet the strong demand in India.

124356❶Morning radio exercises! ❷Neemrana Mill ❸Chennai Mill ❹Sanand Mill ❺Dera Bassi Mill, Empire Packages ❻New Sri City Mill under construction

Company ProfileCompany NameOji India Packaging Pvt. Ltd.
BusinessManufacturing and sales of corrugated cardboard

History
2012

Establishment of Oji JK Packaging

2014

Neemrana Mill started commercial production

2017

Company name changed to Oji India Packaging

2019

Chennai Mill started commercial production

2017

2020

Sanand Mill started commercial production

Location

2021

Empire Packages joined the Oji Group

2023

Start of construction of new Sri City MillYear of Establishment

India