Notice Regarding the Establishment and Commencement of Activities of the Corporate Value Improvement Committee

Tokyo, Japan - On February 13, 2024, DIC Corporation published the Notice Regarding the Revision of DIC Vision 2030, in which it announced plans to establish the Corporate Value Improvement Committee as one of a number of initiatives aimed at implementing management that is conscious of capital costs and share price. The Company hereby reiterates the purpose and future plans of this committee, which was inaugurated on April 1, 2024, and held its first meeting today.

1. Purpose of establishment
(1) The Corporate Value Improvement Committee was established to advise the Board of Directors from a third-party perspective regarding the improvement of corporate value over the long term. The outside directors will explore a variety of management issues from a high-level, broad viewpoint and will provide advice for the Board of Directors to incorporate into its deliberations.
(2) Themes for deliberation will be general matters related to ensuring management is conscious of capital costs and share price, including measures to improve return on invested capital (ROIC) and make more effective use of owned assets, as well as operation of the Kawamura Memorial DIC Museum of Art.

2. Members and positioning of the Corporate Value Improvement Committee
(1) The Corporate Value Improvement Committee consists of outside directors only and, depending on the theme, invites external experts to serve as advisers, underscoring on independence and objectivity. At present, all four of the Company's current outside directors have been appointed to the committee, one of whom serves as committee chair.
(2) The Corporate Value Improvement Committee's positioning within the Company's corporate governance structure is as shown in the diagram below.

3. Theme deliberated at the first meeting and future plans
(1) The theme deliberated at the first meeting of the Corporate Value Improvement Committee held today, was operation of the Kawamura Memorial DIC Museum of Art, with discussions focused on confirming the current status of the museum, which operates as a DIC Group entity museum. Going forward, the committee will meet approximately once a month for focused exchanges regarding operation of the museum.
(2) Regarding operation of the Kawamura Memorial DIC Museum of Art, the Company will report as necessary on decisions taken by the Board of Directors based on the outcome of the Corporate Value Improvement Committee's deliberations. Plans are to release an interim report by August 31, 2024, and a final report by December 31, 2024.

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