ETHICAL CODE OF CONDUCT OF DAITO KASEI GROUPIssued on 2023.Sep.5

Five Daito Kasei Group companies (DAITO KASEI KOGYO CO., LTD. (Japan),DAITO KASEI EUROPE SAS(France), DAITO KASEI INDUSTRIES FRANCESAS(France), DAITO KASEI (Shanghai) Cosmetics Science and Technology Co.,
Ltd. (China), DAITO KASEI ITALIA SRL(Italy), hereinafter referred to as we)
complies with relevant laws and international rules, and conducts its daily
business with high ethical standards.
In addition, in order to contribute to the realization of a sustainable society, wewill respect international norms such as the United Nations Global Compact andISO26000, and promote concrete activities based on the SDGs.

HUMAN RIGHTS AND DIVERSITY
We do not discriminate in employment or in the workplace on the basis of race,
sex, age, language, religion, nationality, country/region of origin, illness, disability,
sexual orientation, or any other irrational reason.
We comply with relevant laws and regulations, respect basic human rights, anddo not engage in discrimination, abuse, child labor, or forced labor.

WORK ENVIRONMENT
We will create a safe, clean, healthy and comfortable work environment andmake continuous improvements.
We will strictly deal with harassment such as sexual harassment and power
harassment in the workplace and create a work environment with highpsychological safety.
We give top priority to the safety of our employees and their families in the eventof a disaster. We continuously conduct self-assessment to improve safety andwork environment at each site.

RESPECT FOR A SUSTAINABLE SOCIETY
We formulate an environmental policy based on the following and continuously
work to reduce environmental impact.
► Compliance with laws and regulations► Reduction of environmental load
► Environmental conservation and pollution prevention► Operation of environmental management system► Stakeholder expectations► Increased environmental awareness among employees
We comply with regulations and develop and supply environmentally friendlyproducts.
We will continue to monitor and reduce emissions of carbon dioxide, which
accounts for the majority of GHS gases.

FAIR BUSINESS PRACTICES
We respect our business partners and conduct fair and mutually acceptabletransactions in good faith.
We comply with contracts with business partners and protect confidentiality
between companies.
We prohibit all forms of bribery, embezzlement and conflicts of interest.
We comply with the tax systems of each country and pay taxes appropriately.

INFORMATION MANAGEMENT
We will properly manage confidential information and personal information toprevent damage, leakage, loss, etc.
We will manage information properly when using the Internet and social media.
We regularly work with IT experts to check security risks and ensure safety.
We will appropriately protect and manage intellectual property rights such as
patents owned by our company , and will not engage in business activities that
infringe copyrights or intellectual property rights owned by third parties.

ELIMINATION OF ANTI-SOCIAL FORCES
We do not have relationships with anti-social forces, which are individuals orgroups that commit illegal acts such as threatening social order and safety.
If we receive unreasonable demands from anti-social forces, we will take aresolute attitude.
We will not use anti-social forces for our own gain.

BUSINESS CONTINUITY SYSTEM
We prepare a business continuity system by creating a BCP for business
continuity risks due to natural disasters and infectious diseases.

DISCLOSURE OF INFORMATION
We disclose information to all stakeholders by introducing new news and posting
CSR reports on our website.

SOCIAL CONTRIBUTION
We will cooperate with local communities and other companies to contribute toenvironmental conservation and the creation of employment in local communities.
We will interact with local communities and local governments where our offices
are located, and participate in activities that contribute to the local community.

LEGAL COMPLIANCE
We comply with all laws regarding our business activities.
In addition, in order to respond quickly to changes in laws and regulations, wewill respond appropriately by obtaining the cooperation of third parties in addition
to our own efforts.

ACCOUNTING
We conduct audits by certified public accountants and confirmation guidance bytax accountant carry out appropriate accounting and accounting procedures.

COEXISTENCE AND MUTUAL PROSPERITY WITH BUSINESS PARTNERS
AND FAIR TRADE
All of our domestic and international business partners are our good partners,
and we aim for mutual prosperity and survival based on long-term relationshipsof trust.
In addition, we will comply with domestic and foreign laws and internationalguidelines with our business partners and conduct fair transactions on an equalfooting.
We will comply with confidentiality obligations regarding confidential informationand personal information obtained from business partners.

CONSIDERTION FOR THE ENVIRONMENT
We will conduct activities in our supply chain to provide environmentally friendly
products and services by eliminating wasted resources and energy, and willconduct procurement with consideration for the global environment.

CONSIDERATION FOR HUMAN RIGHTS AND WORKING ENVIRONMENT
We will respect the human rights of our business partners and cooperate in
improving the working environment and ensuring safety.
Suppliers are required to make improvements if violations of human rights, unfair
discrimination, child labor or forced labor are confirmed.

NO USE OF CONFLICT MINERALS
We do not procure conflict minerals that promote human rights violations (tin,tantalum, tungsten, gold, cobalt, etc.) or raw materials containing them.
In the event that conflict minerals are included in the raw materials we purchased,
we will take appropriate measures to eliminate them.