Outline of our Approach to Responsible Investment

Endeavour United Co., Ltd. and its group companies provide capital in the best possible way to solve various management issues faced by Japanese companies, thereby aiming to enhance corporate value in the long term together with portfolio companies. We take a respectful approach to build a cooperative relationship with the wide range of stakeholders including business partners and relevant financial institutions. With this investment philosophy, the Group understands that environmental, social and governance (ESG) issues have a significant impact on both our own management and our portfolio companies' management.

In line with our investment philosophy aimed at enhancing corporate value, we have initially codified our Responsible Investment Policy in 2016, which has been reviewed and revised to this Policy in order to further integrate the procedures for responsible investment incorporating ESG risks and opportunities into value creation in our investments.

Signing the PRI

As a signatory of PRI( The United Nations-supported Principles for Responsible Investment）, as far as consistent with our fiduciary responsibilities, we commit to the following:

• 1. We will incorporate ESG issues into investment analysis and decision-making processes.
• 2. We will be active owners and incorporate ESG issues into our ownership policies and practices.
• 3. We will seek appropriate disclosure on ESG issues by the entities in which we invest.
• 4. We will promote acceptance and implementation of the Principles within the investment industry.
• 5. We will work together to enhance our effectiveness in implementing the Principles.
• 6. We will each report on our activities and progress towards implementing the Principles.