Enplas Corporate Governance Policy

CHAPTER 1. GENERAL PROVISIONS
1. Purpose and Basic Stance on Corporate GovernanceEnplas (hereinafter referred to as the "Company") has established this Enplas Corporate Governance
Policy (hereinafter referred to as this "Policy") in order to achieve sustained improvement of corporate
value and will strive to ensure the ongoing enhancement of corporate governance based on thefollowing corporate philosophy.
Corporate Philosophy(1) Mission
Deliver value for a sustainable future through world class technology(2) Management Policy
Build and lead a competitive advantage for essential markets through strengtheningorganizational capabilities(3) Core Values
Trust is our foundation
・Valuing the diversity of people and ideas
・Acting with high ethical standards
・Co-creating innovative solutions
The Company’s corporate philosophy is one that embodies the Company's management policies
and corporate spirit and ethics, and in addition to clarifying the corporate mission in order to contributeto the development of society, the corporate philosophy also serves as the basic principle behind theCompany’s corporate governance.
2. Establishment, Revision, and Abolition
The establishment, revision, and abolition of this Policy shall be carried out pursuant to Resolutions
adopted by the Board of Directors of the Company.

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CHAPTER 2. RELATIONSHIPS WITH STAKEHOLDERS
1. Relationships with Shareholders, etc.
(1) General Meeting of Shareholders
The General Meeting of Shareholders is the highest decision-making body of the Company. To
sufficiently secure the period for exercise of shareholders' rights and environment in which theshareholders can appropriately exercise their rights, the Company will establish the following.
・To ensure shareholders are given sufficient time to consider proposals, convocation notices will
be sent to shareholders approximately three weeks prior to the date of the General Meeting of
Shareholders. In addition, a notice shall be posted on the Company's home page and the Tokyo
Stock Exchange website the day prior to the date on which convocation notices are sent.
・An English translation of a summary of the convocation notice will be prepared and posted on
the Company's English-language home page.
・To eliminate any obstacles which may prevent shareholders' attendance, the Company will
endeavor to avoid setting the date for the General Meeting of Shareholders on a date on which
many companies are also holding their Shareholders' Meetings (in Japanese, a “shu-chu-bi”).
・The Company will allow voting rights to be exercised through use of the Internet.
(2) Securing shareholders' rights
The Company will endeavor to protect shareholders' rights and to promote the exercise of thoserights, as well as to secure the equality of all shareholders. When more than a significant numberof votes, among the voting rights cast, are cast against a Company proposal, the Company will
analyze the reasons for such opposition and the significant number of negative votes, and the resultsof such analysis will be reported to the Board of Directors. In addition, upon receiving the analysis
results the Board of Directors will examine whether there is a need for dialogue or other interaction
with shareholders.
(3) Constructive dialogue with shareholders
・The Company will appoint an Executive Officer in charge of IR (investor relations), and hereby
designates the Corporate Planning Department as the Department in charge of IR for theCompany.
・Based on the purpose of the dialogue and other factors, the Executive Officer in charge of IR, thedepartment in charge of IR, and the directors including outside directors or audit committee
members strive to engage in dialogue with shareholders and take appropriate actions, to theextent reasonably possible.
・The Company will endeavor to promote constructive dialogues with shareholders and investors
by holding the financial results briefing session for analysts and institutional investors each2

quarter, and holding IR meetings and company briefing sessions for individual investors. In
addition, the Company will endeavor to carry out IR overseas and hold separate meetings withforeign shareholders.
(4) Basic policy on capital strategies
・The management benchmarks indicating the success of business strategies will be consolidated
ROE (return on equity) and consolidated EPS (earnings per share).
・Capital policies that impact shareholders' interests will be determined by Resolution of the Boardof Directors.

In addition, the Company will endeavor to provide sufficient explanations toshareholders by promptly disclosing not only the details of capital strategies, but also the purposes,
etc., for the implementation of those strategies.
(5) Policy on cross-shareholdings
The Company holds shares for the purpose of sustainable improvement of corporate value andfurther improving social value.
・When shares are acquired, the shares will be assessed whether the benefits and risks from eachholding cover the company's cost of capital, and then the holding purpose and rationale will be
determined by Resolution of the Management Strategy Committee of the Company and reported
to the Board of Directors. With respect to the shares already held, the shares are also reviewed in
the same procedures every fiscal year.
・In cases in which the voting rights of shareholdings in subject company shares exceeds 5%, theexercise of the voting rights will be determined by Resolution of the Management Strategy
Committee and reported to the Board of Directors from the viewpoint of improving the medium
to long-term corporate value of the relevant company.

(6) Anti-takeover measures
Anti-takeover measures will be implemented by the Company with the aim of maintaining andimproving consolidated ROE, and further securing and improving the Company's corporate value
and the common interests of the shareholders. Specific details will be disclosed on the Company's
homepage.
(7) Prevention of transactions between related parties
Competitive trading by Directors and Executive Officers of the Company, and the officers of thesubsidiaries of the Company, as well as self-dealing and conflict-of-interest transactions by
Directors of the Company will be regulated by Resolution of the Board of Directors after having
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received pre-approval from the Audit Committee of the Company.
2. Employee Relations
・The Company has established "Our Policy" to put into practice the basic management policy andcorporate philosophy of the Company, and will disseminate the policy to all employees to ensurefamiliarity with the codes of conduct.
・The Company will proactively promote various measures including promoting active participation
by women, and hire and make use of a diverse range of individuals, with the aim of creating a good
workplace and work-life balance in order to improve organizational strength.
・ The Company has established whistle-blowing regulations to establish structures for proper
reporting concerning organizational or individual compliance violations within the Company, andwill endeavor to quickly detect and correct any such violations. In addition, under the whistleblower system, the Company has established provisions concerning non-disclosure ofwhistleblowers' names, etc., to ensure that whistleblowers will not become subject to any
disadvantageous treatment.
3. Customer Relations
The Company will strive to contribute to the development of sustainable society and improvecustomer satisfaction by providing solutions that enhance value for our customers.
4. Supplier Relations
The Company will promote open and fair transactions through compliance with laws andregulations as well as by establishing internal regulations, and build supplier relations that aim for
mutual prosperity as business partners based on proactive communication with suppliers.
5. Relationship with Society (particularly the environment)
・The Company has established and complies with environmental policies.
・The Company promotes energy conservation (reduced electric power usage, etc.).
・The Company promotes the reduction and recycling of plastic waste.

CHAPTER 3. ENHANCEMENT OF INFORMATION DISCLOSURE
1. Standards for Information Disclosure
In order to gain the understanding of stakeholders of the Company, including its shareholders, theCompany will comply with all applicable laws and regulations, the rules established by the Tokyo
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Stock Exchange and the internal standards established independently by the Company, and will carryout appropriate disclosure of information on the Company's home page with respect to information
deemed important to all stakeholders.
・ Since the Company is a manufacturer of high-precision/high-performance parts which aresusceptible to changes in the product market, and is in an industry in which it is difficult to formulate
a fixed medium to long-term profit and loss plan, it is most important to predict changes in the
product market and quickly respond to those changes.
・In carrying out twice yearly business plan reviews, the Company attempts to predict changes in theinternal and outside environments three years in advance, define the vision for the Company, andthen establish the management strategy for the current period and have it determined by Resolutionof the Board of Directors.
・Important items regarding the established management strategy and business plan are disclosed at
the financial results briefing session and on the Company's official website, etc.

CHAPTER 4. CORPORATE GOVERNANCE SYSTEMS
1. Organizational Structure
The Company has selected to adopt a form of governance known as the "Company with an Audit
Committee."
2. Board of Directors(1) Roles and responsibilities of the Board of Directors
The Board of Directors deliberates and determines basic management policies for each financial
year based on the medium- to long-term management policy of the Company’s Group, and otherfactors, which are prioritized with the aim of realizing the corporate philosophy by establishing anappropriate corporate governance. In addition, the Board of Directors will exert its supervisory
functions and carry out fair and reasonable decision making.
・ Independent Outside Directors will leverage their international experience and expertise toengage in discussions from an independent and neutral position at Board of Directors’ Meetings.
・The Articles of Incorporation stipulates that some of the matters to be handled by the Board of
Directors may be delegated to individual Directors, and the following matters are made a final
decision by the delegated president based on Resolution of the Management Strategy Committee,
which is made up of Executive Directors and Executive Officers.

However, Directors are

required to report to the Board of Directors with respect to the matters delegated to them.
5- Appointment or serving concurrently as an Officer of subsidiaries or affiliates of the Company,or other suppliers and partners, etc., of the Company (other than existing subsidiaries)- Appointment or dismissal of important employees- Rationalization, such as personnel reductions, etc.
(2) Structure of the Board of Directors
・The Board of Directors will be made up of independent Outside Directors who have international
experience and expertise and Directors who have a deep insight and extensive experience incorporate practices and financial matters, etc., and have a number of members in order to ensure
the effective and efficient performance of those functions.
・The Board of Directors will appoint one-third or more independent Outside Directors.
(3) Internal controls
・The Board of Directors carries out the monitoring of the efficacy and efficiency of internal control
systems and endeavors to ensure that risk decisions can be made systematically.
・At the twice yearly Total Risk Management Committee of the Company, which is attended inprinciple by Directors, verification of material risks in conducting business, including efficacy
and efficiency of internal control systems under the Companies Act, is carried out and measures
for such risks are deliberated on and determined.
(4) Ensuring effectiveness of the Board of Directors
・From the viewpoint of enhancing appropriate governance systems, the majority of the Board of
Directors will be non-executive Directors.
・The overall effectiveness of the Board of Directors is analyzed and assessed at the Board of
Directors’ Meeting, and a summary thereof is disclosed in the Corporate Governance Report.
3. Audit Committee(1) Roles and responsibilities of the Audit Committee
・The Audit Committee is made up of full-time Audit Committee Members and Outside Audit
Committee Members (Audit Committee Members that are independent Outside Directors).

In

addition, the Audit Committee endeavors to analyze the effectiveness and improve the functionof the Board of Directors by participating in assessment of overall effectiveness of the Board of
Directors.
・The role of Audit Committee Members with voting rights at the Board of Directors is not only toprotect the Company, but also to endeavor to provide meaningful opinions and advice for theCompany's decision-making, by utilizing their extensive knowledge and experience.
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・ The Audit Committee's effectiveness is enhanced by appointing full-time Audit Committee
Members, and directly instructing and utilizing the Internal Audit Department.
(2) Relationship between Accounting Auditors and the Internal Audit Department
・The Audit Committee will collect necessary information as required and confirm the status ofbusiness operations by cooperating with the Internal Audit Department and will provide
information, etc. required by Outside Accounting Auditors.
・In cases in which Outside Accounting Auditors find wrongdoings and request appropriate action,and in cases in which they point out deficiencies and issues, the Audit Committee will cooperatewith the Internal Audit Department and related Departments, and conduct investigations andrequest necessary corrections.
4. Accounting Auditors(1) Roles and responsibilities of Accounting Auditors
Accounting Auditors play an important role in guaranteeing the reliability of disclosed
information, and conducting appropriate audits.
・Accounting Auditors have systems to enable cooperation with the Audit Committee and the
conduct of appropriate audits.
・Accounting auditors have independence and a high level of expertise.
・Accounting auditors comply with required auditing standards in order to appropriately carry out
accounting audits.
5. Directors(1) Directors
Directors recognize their fiduciary responsibilities to shareholders, and execute their duties forthe common interests of the Company and shareholders, while endeavoring to collaborate
appropriately with other stakeholders of the Company.
・The appointment/dismissal of the senior management and the nomination of Directors and Audit
Committee Members candidates shall be carried out by fair and highly transparent procedures
through discussions and decisions based on individual evaluations carried out by Directors.
・When appointing Directors, the individual biographies, reasons for appointment and the status,
etc. of main concurrent positions held will be mentioned and explained in the election proposal
for the General Meeting of Shareholders.
・Policies regarding the determination of the amount or the method of calculating remuneration,etc. for the Company's Board of Directors (except for Directors that are Audit Committee
members) will be stipulated in the Directors Regulations.
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The Representative Director will

prepare a draft with respect to the amount of remuneration, etc. for directors, within the limits ofthe total compensation determined at the General Meeting of Shareholders, and the amount shallbe determined through a resolution of the Board of Directors.
(2) Independent Outside Directors
・The status of positions currently held by Directors at other companies will be disclosed at thetime of appointment, and also disclosed every year through the convocation notices for the
General Meeting of Shareholders and in securities reports, etc.
・Only persons who have international experience and expertise, and who do not have interests in
the Company and who can appropriately perform duties from an independent standpoint will beselected as candidates to be independent Outside Directors for the Company.
・Independent Outside Directors will aim to improve the medium to long-term corporate value,
carry out the supervision of the management through the decision-making at the Board of
Directors’ Meeting, monitor directors' conflict of interest transactions, and endeavor to reflect theopinions of each stakeholder from an independent position.
・As a means to support appropriate risk-taking by independent Outside Directors, the Company
will ensure sufficient opportunities for explanations and answers to questions to enable
independent Outside Directors to obtain appropriately the necessary information for decision
making for business operations.
(3) Audit Committee Members
・Audit Committee Members will cooperate with Directors (other than Directors that are Audit
Committee Members) and the Internal Audit Office, and carry out the collection of information
required for the conduct of audits.

In cases in which there are deficiencies in collected

information, principally full-time Audit Committee members will request related Departments of
the Company to provide necessary information and materials.
・ The distribution of remuneration for Audit Committee Members will be determined byconsultation with Audit Committee Members, within the limits of the total compensation
determined by the General Meeting of Shareholders.
(4) Independent Outside Audit Committee Members
Two or more persons will be elected as independent Outside Audit Committee Members (Audit
Committee Members who are independent Outside Directors), and they will supervise operations
executed by Directors and proactively provide opinions, etc., at the Board of Directors’ Meetings toenhance the common interests of the Company and its shareholders.

8(5) Independence requirements
In addition to the requirements concerning Outside Directors prescribed in the Companies Act
and the Tokyo Stock Exchange regulations, the Company has independently establishedindependence criteria pertaining to independence of Outside Directors, and persons who meet thosestandards will be independent Outside Director candidates. (For details, please refer to theattachment "Independence Criteria for Outside Directors".)(6) Support systems
・The Company will endeavor to distribute sufficiently analyzed materials early to facilitate lively
discussions at the Board of Directors’ Meetings. In addition, The Company will give advance
notification of annual schedules, and carry out management to ensure sufficient deliberation timeon the date of meetings.
・ Directors will request related departments to provide information and materials regarding
information required for execution of their duties.
・With respect to Directors, the Board of Directors Secretariat will principally provide support
concerning their decision making.
・The Internal Audit Office and support staff that support the Audit Committee's audit operations
will not be subject to orders and instructions from Directors (excluding Directors who are Audit
Committee Members) with regard to instructions concerning audit operations from the Audit
Committee.

In addition, the Company's regulations stipulate that support staff are to follow

the orders and instructions of the Audit Committee, and the consent of the Audit Committee is tobe obtained with regard to support staff's personnel transfers, personnel evaluations, anddisciplinary actions, etc.
・Audit Committee Members will request the Board of Directors Secretariat to provide additional
information necessary to effectively fulfill their roles and responsibilities, and with respect tomatters that are deemed to require the additional opinions and viewpoints of third parties, they
may utilize the advice of outside experts at the Company's expense to carry out examinations.
(7) Training policy
Directors, including Outside Directors, will be provided with necessary training and information
as appropriate in order for them to fulfill properly their roles and responsibilities.
・When Directors are newly appointed, the Board of Directors Secretariat and persons in charge of
responsible Departments will provide opportunities for Directors to acquire the knowledge
concerning business, finance, and organization, etc., required to deepen their understanding of
the Company.
・ The Company will provide opportunities for Directors to acquire knowledge in order to9understand fully the roles and responsibilities required of them as Directors, and provide orarrange training opportunities, and provide support for costs with the aim of continually updatingsuch knowledge during their tenures.

Established on October 30, 2015
Revised on April 1, 2023

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Enplas Corporation Corporate Governance Policy Attachment
Independence Criteria for Outside Directors(Established on October 30, 2015, Revised on February 22, 2022)

Outside Directors of Enplas Corporation (hereinafter referred to as the "Company") to whom noneof the following criteria apply will be deemed to be independent.

1. Persons who are Executive Officers and employees of the Company and Group companies.

2. Persons who were Executive Officers and employees of the Company and Group companies
within the last ten (10) years.

3. Shareholders who hold 10% or more of total voting rights of the Company's stock.

4. Executive Officers of companies, etc., to whom any of the following applies.
(1) Key suppliers that have an annual transaction amount with the Group exceeding 2% of theCompany's consolidated net sales, or 2% of the supplier's consolidated net sales.
(2) Financial institutions with which the Group has outstanding loans exceeding 2% of theCompany's consolidated total assets as of the end of our business year.
(3) Companies, etc. in which the Group hold stock with 10% or more of total voting rights.

5. Certified public accountants belonging to audit firms that are accounting auditors of the Group.

6. Professionals such as consultants, certified public accountants, tax accountants, lawyers, judicial
scriveners, and patent attorneys who receive significant amounts of money or other compensationfrom the Group.
(* "Significant amounts of money" applies in cases in which the consideration received from theGroup exceeds 10 million yen a year for individuals, or exceeds 2% of the annual gross income
amount for organizations such as corporations and unions.)

7. Persons who have received significant amounts of donations from the Group.
(* Refers to individuals and organizations such as corporations and unions that have received
donations of more than 10 million yen per year from the Group.)

8. In cases in which the Company's directors concurrently serve as Outside Director or Outside
Auditor of other companies, persons who are Executive Directors, Executive Officers, corporate
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officers or managers and other employees of such other companies.
9. Persons whose close relatives fall under any of the items in 1. to 8. above.
(* "Close relative" refers to spouses or relatives within the second degree.)

10. Persons who have fallen under items 3. to 9. above within the last three (3) years.

11. Notwithstanding the provisions of the preceding paragraphs, persons who are deemed to be inother special circumstances that might potentially cause a conflict of interest with the Company.

The maximum term of Outside Directors shall be five (5) years (six (6) years for Outside
Directors who are members of the Audit Committee), and if the maximum term is exceeded, theconsent of all Directors shall be required. Even with the consent of all Directors, the maximum term
shall be eight (8) years. In addition, nomination of Outside Directors shall be made by a resolution of
the Board of Directors based on the report of the Nomination and Compensation Advisory
Committee.
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Notice:

1. This announcement contains forward-looking statements. These forward-looking statements are based on Enplas's
current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known
and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Enplas’s
actual results, financial position or cash flows to be materially different from any future results, financial position or
cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors
referred to above include, but are not limited to, those contained in Enplas's latest Annual Securities Report andQuarterly Securities Report, and Enplas undertakes no obligation to publicly update or revise any forward-looking
statements.
2. The official version of this announcement was published in Japanese. An unofficial English translation is provided
for the convenience of overseas investors. For any discrepancies between the Japanese and English versions, theJapanese version shall prevail.

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