VERIFICATION STATEMENT
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initiate reporting ofStatement No.: PRJN-389702

Verification of Daio Group’s
Non-financial Information (2021)< Scope of Verification >DNV Business Assurance Japan K.K. has been commissioned by Daio Paper Corporation(hereafter the "Daio Paper") to perform a verification of the Daio Group's non-financial
information assertion, including environmental data and occupational accident data
(hereafter the "non-financial information") with respect to the following area:

GHG emissions： Scope1&2
Water use： Amount of water use and wastewater
Waste： Amount of waste and waste reuse
Occupational Accident Data： Lost Time Injury Frequency Rate

< Verification Criteria >The criteria for identification, calculation, monitoring, and reporting of GHG (greenhouse gas),
water use, waste, and occupational accident data to be verified are the calculation andreporting procedures established by Daio Paper. The criteria for verification include ISO
14064-3:2019, ISAE 3000, as well as the criteria required by the calculation and reporting
procedures established by Daio Paper.
< Verification Statement >It is DNV's opinion that with a limited level of assurance, nothing has come to our attention
which causes us to believe that the assertion of environmental data and occupational accident
data, reported in the "non-financial information," do not accurately reflect the Daio Paper
Group's non-financial information, including environmental data and occupational accident datain accordance with the verification criteria identified as stated above.
< Verification Process and Methodology >The reviews of the non-financial information, relevant documents, and subsequent follow-up
interviews have provided DNV with sufficient evidence to determine the fulfilment of statedcriteria.
The verification has been performed

The technical review has been performed

Independent Validation Verification Body:

under the supervision of:under the supervision of:

DNV Business Assurance Japan K.K.

Tsuyoshi Katori, Lead Verifier

Koichiro Tanabe, Technical Reviewer

Naoki Maeda, Managing Director

August 2022

August 2022

25 August 2022

This Verification Opinions is based on the information made available to us and the engagement conditions detailed above. Hence, DNV cannot guarantee
the accuracy or correctness of the information. DNV cannot be held liable by any party relaying or acting upon this Verification Opinion.
DNV Business Assurance Japan K.K. Sannomiya Chuo Bldg.9th Floor, 4-2-20, Goko-dori, Chuo-ku, Kobe 651-0087
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VERIFICATION STATEMENT
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Statement No.: PRJN-389702< Period Covered by Calculation >The period covered by the FY2021 non-financial information is 1 April 2021 to 31 March 2022.
※Only for the lost time injury frequency rate, the period covered is 1 January 2021 to 31
December 2021.

< Organization Boundary of Verification >Management Control
Equity ShareOthers< Quantification of GHG Data >DNV’s opinion is that the GHG data results in the quantification of GHG emissions that are real,transparent and measurable.

 Type of GHGs Verified
CO2CH4N2O

HFCsPFCs

SF6

NF3

 Amount of GHG emissions Verified（Scope1&2）
4,387,788 tCO2e< Quantification of Water use, Waste and Occupational Accident Data >DNV’s opinion is that the water use, waste and occupational accident data results in thequantification of water use that are real, transparent, and measurable.

 Amount of Water use Verified
186,128,272 m3

 Amount of Waste Verified306,695 t

 Amount of Wastewater Verified
173,600,387 m3

 Amount of Waste Reuse Verified
301,826 t

 Lost Time Injury Frequency Rate Verified
1.14
The reported values above are fully covered by the verification.

< Verification Opinion >Unmodified Opinion
Modified Opinion
Adverse Opinion
As an independent third party, DNV has no financial dependencies on Daio Paper Corporation.

This Verification Opinions is based on the information made available to us and the engagement conditions detailed above. Hence, DNV cannot guarantee
the accuracy or correctness of the information. DNV cannot be held liable by any party relaying or acting upon this Verification Opinion.
DNV Business Assurance Japan K.K. Sannomiya Chuo Bldg.9th Floor, 4-2-20, Goko-dori, Chuo-ku, Kobe 651-0087
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