Corporate Governance System

The DMW Group believes that appropriately implementing the following principles and realizing effective corporate governance are essential for achieving sustainable profit growth and enhancing corporate value over the medium to long term. By continuing to strengthen each of these initiatives and coexisting with society and our local communities as a responsible corporate citizen, we aim to grow into an ever more valuable company.

1. 1. Ensuring the rights and equality of shareholders

2. 2. Striving for appropriate cooperation with stakeholders other than shareholders

3. 3. Ensuring appropriate information disclosure and transparency

4. 4. The Director must properly fulfill its roles and responsibilities, including (1) indicating the overall direction of the Company's strategies, (2) creating an Environment that supports appropriate risk-taking by Director , and (3) providing effective oversight of Director from an independent and objective standpoint.

5. 5. Engage in constructive dialogue with shareholders

DMW operates as a company with an Audit and Supervisory Committee. The Board of Directors consists of nine members, including six directors who are not Audit and Supervisory Committee members (of whom two are outside directors), and three directors who are members of the Audit and Supervisory Committee (of whom two are outside directors). Through the introduction of an executive officer system, we have streamlined the size of the Board and enhanced both its decision-making and oversight functions. In addition, we have established a Nomination and Remuneration Committee, composed of a majority of outside directors, to ensure objectivity and transparency. We remain committed to continuously strengthening our corporate governance.