April 30, 2024

Impact Investment in TYPICA Holdings, Inc.
-Supporting Poverty Alleviation Through Providing Platform
to Purchase Coffee Beans directly from ProducersThe Dai-ichi Life Insurance Company, Limited (the "Company"; President and Representative Director: ToshiakiSumino) has invested JPY 100 million in TYPICA Holdings, Inc. (“TYPICA”; Representative Director: Masashi Goto),a Japanese start-up that operates an online platform enabling coffee producers and coffee roasters1 to engage in direct
trade. This impact investment2 is part of the Company's ESG investments.

⚫

TYPICA is a Japanese start-up company operating a distinctive online
platform that bridges coffee bean producers in developing countries
with roasters in advanced countries, enabling direct trade of coffee
beans between them.

⚫

While conventional coffee bean transactions are conducted incontainer units(approx.18tons), transactions on TYPICA’s online
platform can be executed in single jute bag units(approx.60kg). This
allows small-scale farmers producing beans below container loadquantities, particularly those with rare and high-value beans, to ship
their beans without blending them with others.
Photograph courtesy of TYPICA⚫

Additionally, the platform also enables coffee producers to choose their own selling prices, and purchasers to
scrutinize detailed breakdowns of their purchases, including the amount paid to the producers, ensuring heightened
price transparency.

⚫

Presently, about 44% of the approx. 12.5 million coffee farmers in the world live in poverty, and they are mostly indeveloping countries. By leveraging TYPICA’s online platform, which enables producers to sell their coffee beansat fair prices, we can expect an increase in income levels among producers in developing countries.

1 A “coffee roaster” purchases green coffee beans, roasts them, then sells them retail or wholesale.
2 Impact investment is an investment activity where an investor makes investment decisions with the intent to gain investment returns andgenerate social impact (e.g., structural change in society).

1Applicable SDGs

Social Impact⚫

Supporting poverty alleviation efforts in developing countries through direct
trade in coffee beans
Direct trade on TYPICA’s online platform, which achieves high levels of pricetransparency in transactions, we contribute to increasing income for coffee bean
producers in developing countries.

The Company believes high returns from its investment in TYPICA. Through this investment, the Company will
also provide financial support for and continually monitor the progress of TYPICA’s initiatives, which are hoped tocontribute to help increase the incomes of coffee producers in developing countries.
As a responsible institutional investor, the Company will continue to actively engage in ESG investment to realize
a sustainable society as well as to improve its investment returns through sophisticated and diverse investment methods.
Masashi Goto, Representative Director of TYPICA Holdings, Inc., provided the following comments:
in 2019, TYPICA is a start-up with a global
reach.
goal
is to createbusinessmodelthat
thataims
results
economic
growth forthe company
Foundedin Our
2019,
TYPICAis a aglobal
start-up
to inestablish
a businessmodel
fosteringand for the wider coffee industry, andalso has growtha positive
on society.
economic
forimpact
the company
itself and broader industries, while simultaneously creating positive
Promoting a form of direct trade thatempowers
small Promoting
and medium-scalecoffeeproducers
results
twomedium-scale
key benefits:coffee
first, itproducers,
helps toimpacts
on society.
direct trade,whichempowers
smallinandincrease incomes for the coffee producers
second,forit coffee
also contributes
to basic
SDG issuestosuch
as humanrights andthenot onlythemselves;increases incomesproducers but
also contributes
addressing
fundamental
issuesenvironment.

outlined in the SDGs, including human rights and environmental concerns.

At TYPICA, we are in the process of developing
a new forversionof our online
platformthat inwilldevelopment,
visualize the will
volumeof greenhousegases
Our new model
the online
platform,currently
visualize
the amountofemitted in both the coffee bean production
and thedistribution
process during the coffee bean production and distribution process. Moving
greenhousegases(GHGs) emitted
Going forward, we intend to maximize
our impact
on society
by increasing
the intrinsic
value
of our business;at the same
intendforward,
we intend
to maximize
our impact
on society
by enhancing
the intrinsic
valuetime,of ourwebusinessto refine the methods for measuring while
this impact,
and improve
quality of ourreportingsystems.and report our impact effectively.
also improving
our theorganizational
capacity
to measurended in 2019, TYPICA is a start-up with a global reach. Our goal is to create a business model that results in economic growth for thecompany and for the wider coffee industry, and also has a positive impact on society.
Promoting a form of direct trade that empowers small and medium-scale coffee producers results in two key benefits: first, it helps to[Company Profile]increase incomes for the coffee producers themselves; second, it also contributes to basic SDG issues such as human rights and theTrade Nameenvironment.

TYPICA Holdings Inc.

Head Office

8F Kansai Shinsaibashi Building, Minamisemba 4-12-8, Chuo-ku, Osaka-city, Osaka

Representative

CEO Masashi Goto

Established

August, 2020

Business

Operation of TYPICA, an international trading platform for coffee beans

At TYPICA, we are in the process of developing a new version of our online platform that will visualize the volume of greenhouse gases
emitted in both the coffee bean production and the distribution process
Going forward, we intend to maximize our impact on society by increasing the intrinsic value of our business; at the same time, we intend
to refine the methods for measuring this impact, and improve the quality of our reporting systems.

Description2

Dai-ichi Life’s Impact Investment History (from fiscal 2022 onward)
Headline

Release DateURL

Impact Investment in WASSHA Inc.
- Contributing to Sustainable Development through Offering an Electric Power Service to
Off-Grid Communities in Africa -Jun. 10, 2022

https://www.dai-ichilife.co.jp/english/news_release/20
22/pdf/index_004.pdf

Impact Investment in READYFOR INC.
- Achieving a Society that Overflows with Heartfelt Support through Vitalization of theDonation and Subsidy Market -Jul. 13, 2022

https://www.dai-ichilife.co.jp/english/news_release/20
22/pdf/index_005.pdf

Impact Investment in Clean Energy Connect- Accelerating uptake of renewable energy by expanding off-site corporate PPAs -Aug. 1, 2022

https://www.dai-ichilife.co.jp/english/news_release/20
22/pdf/index_006.pdf

Impact Investment in JEPLAN, INC.
- Contributing to a Sustainable Society through PET Chemical Recycling Technologies -Aug. 24, 2022

https://www.dai-ichilife.co.jp/english/news_release/20
22/pdf/index_007.pdf

Impact Investment in a Venture Fund by Energy & Environment Investment, Inc.
- Supporting a Decarbonized Society via Venture Fund Focused on the Environment andEnergy Sectors -Sep. 15, 2022

https://www.dai-ichilife.co.jp/english/news_release/20
22/pdf/index_008.pdf

Impact Investment in KAKEHASHI Inc.
- Contributing to Medical DX and to Establishing a Sustainable Medical System -Apr. 19, 2023

https://www.dai-ichilife.co.jp/english/news_release/20
23/pdf/index_001.pdf

Investment in Climate Infrastructure Fund for Emerging Countries- Contributing to Resolving Climate Change Challenges Through Joint Public/Private
Support for Development of a Low Carbon Economy -Jul. 8, 2021

https://www.dai-ichilife.co.jp/english/news_release/20
21/pdf/index_003.pdf

Impact Investment in PLANTX Inc.
-Contributing to environmental conservation through sustainable plant production-Nov. 30, 2023

https://www.dai-ichilife.co.jp/english/news_release/20
23/pdf/index_008.pdf

Impact Investment in Instalimb Inc.
-Providing high-quality and affordable 3D-printed prosthetic limbs
for the improvement of the people’s Quality of Life in developing countries -Mar. 6, 2024

https://www.dai-ichilife.co.jp/english/news_release/20
23/pdf/index_014.pdf

Impact Investment in Rakuten Medical, Inc.
-Supporting the development of a novel cancer treatment called Alluminox Treatment(Photoimmunotherapy) to advance treatment options for cancer patients -Mar. 7, 2024

https://www.dai-ichilife.co.jp/english/news_release/20
23/pdf/index_015.pdf

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