Initiative and External Evaluations

• FTSE Blossom Japan Sector Relative Index
  
  Selected for inclusion in an index composed of Japanese companies that demonstrate outstanding environmental, social and governance (ESG) performance in their respective sectors

* FTSE Russell (registered trademark of FTSE International Limited and Frank Russell Company) hereby certifies that AIN HOLDINGS INC. has met the requirements for inclusion in the FTSE Blossom Japan Sector Relative Index following an evaluation by independent assessors. The FTSE Blossom Japan Sector Relative Index is widely used to create and evaluate sustainable investment funds and other financial products.

•  MSCI Japan Empowering Women (WIN) Select Index

Selected for empowering women and scoring highly for gender diversity from constituents of the MSCI Japan IMI Top 500 Index

* The inclusion of AIN HOLDINGS INC. in any MSCI index, and the use of the MSCI logos, trademarks, service marks
or index names herein by AIN HOLDINGS INC., do not constitute a sponsorship, endorsement or promotion of AIN
HOLDINGS INC. by MSCI or any of its affiliates.
The MSCI Indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or
service marks of MSCI or its affiliates.

• Morningstar Japan ex-REIT Gender Diversity Tilt Index

Selected as a company that has strong gender diversity policies embedded in its corporate culture and that ensures equal opportunities to employees, irrespective of their gender.

* Morningstar, Inc., and/or its affiliated companies (individually and collectively, “Morningstar”) have authorized AIN HOLDINGS INC. to use the Morningstar Japan ex-REIT Gender Diversity Tilt Logo (“Logo”) to reflect the fact that, for the designated ranking year, AIN HOLDINGS INC. ranks in the top quintile of companies comprising the Morningstar Japan ex-REIT Gender Diversity Tilt Index (“Index”) on the issue of gender diversity in the workplace. Morningstar has authorized the use of the Logo by AIN HOLDINGS INC. solely for the purposes of providing information. AIN HOLDINGS INC.’s use of the Logo should not be interpreted as an endorsement by Morningstar of AIN HOLDINGS INC. or as a recommendation, offer or solicitation to purchase, sell or underwrite any security associated with AIN HOLDINGS INC. Although the Index is designed to reflect gender diversity in the workplace in Japan, Morningstar does not guarantee the accuracy, completeness or timeliness of the Index or any data included therein. Morningstar makes no express or implied warranties regarding the Index or the Logo, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the Index, any data included therein or the Logo. Without limiting any of the foregoing, in no event shall Morningstar or any of its third party content providers have any liability for any damage (whether direct or indirect), arising from use or reliance on the Index or the Logo by any party concerned, even if Morningstar is notified of the possibility of such damage. The Morningstar’s name, Index name and the Logo are the trademarks or services marks of Morningstar, Inc. Past performance is no guarantee of future results.

• Eruboshi Certification

Certified at the third level (highest level) for outstanding support for women’s participation and career advancement in the workplace

• Platinum Kurumin Certification

Received the Platinum Kurumin Certification as a company that provides exceptional childcare support. The Platinum Kurumin is a certification that is awarded to Kurumin certified companies that provide childcare support at an even higher standard.

• United Nations Global Compact
  
  The world’s largest initiative for establishing a healthy global society. Signatory companies and organizations are required to affirm its Ten Principles related to protecting human rights, eliminating unfair labour, responses to the environment, and anti-corruption, and to continuously strive to practice these principles. The Group has signed the United Nations Global Compact.

• TCFD
  
  Endorsed the final report of the TCFD (TCFD recommendations) and joined the TCFD Consortium