COMPANY PROFILE

Osaka Office Kogin Bldg., 4-1-1 Koraibashi, Chuo-ku, Osaka 541-0043, Japan TEL +81-6-6223-9111 FAX +81-6-6201-3716

Tokyo Office Hibiya Dai Bldg., 1-2-2 Uchisaiwai-cho, Chiyoda-ku, Tokyo 100-0011, Japan TEL +81-3-3506-7475 FAX +81-3-3506-7598 https://www.shokubai.co.jp/en/

2021.6.2000 Nippon Shokubai Group Mission Management Commitment

We are deeply dedicated to humanity and the innate human values of sincerity We conduct all of our corporate and honesty. We respect the unique traits and worldview of each individual, embracing diversity and working to promote mutual understanding and trust. activities based upon a deep We recognize that it is the human spirit and point of view that shape our respect for humanity. understanding of management and our actions. A deep respect for humanity is Providing affluence and comfort to people and society, the foundation for all of our corporate activities. with our unique technology We aim at coexisting with We work to create sustainable societies. We believe it is our corporate social society, and working in responsibility to develop positive relationships with all of our stakeholders, as harmony with the environment. well as with the global environment.

We pursue technologies We deliver new value that benefits people and society and are dedicated to working as a unified team to develop technology that will open the door to Corporate Credo that will create the future. the future.

Safety takes priority over production. By working to expand our business worldwide, we aim to realize our We act on the global stage. mission of “providing affluence and comfort to people and society,” around the world.

Our company logo represents the spirit of Hexagon ▶ One of the fundamental symbols used in chemistry Cosmo yellow ▶ Represents the hidden energy of the sun Earth green ▶ Represents the life-supporting nature of the earth Horizon between ▶ Represents the future we always seek two colors

01 02 VALUE

We deploy our unique technologies to provide optimal solutions for the

customers we partner with. Hand in hand with customers, we give shape to ideas and deliver value worldwide to resolve social issues and Our catalytic technology has an outstanding reputation in make people’s lives more affluent and comfortable. Japan and around the world. We deploy this expertise to create unique technologies in many business fields. We partner with companies and institutions and demonstrate our technological capabilities with optimal

solutions that address their wide-ranging requirements. Providing affluence and comfort to people and society, with our unique technology

Reduce energy use and Create new We partner with customers to efficiently store energy businesses give shape to ideas that resolve their technological challenges.

Inorganic synthesis and catalyst technology Production Research and technology development Solu tions Enhance Increase production performance efficiency Customers

Organic Polymer synthesis synthesis Needs technology technology

Reduce Improve quality environmental impact

Other challenges

Marketing

03 04 PERFORMANCE

Together with customers, we help resolve social issues by giving shape to ideas.

Alternative energy, infrastructure and environmental protection are among the diverse array of challenges for the future that today’s global society must address. Together with customers, we give shape to ideas to resolve social issues and make people’s lives more affluent and comfortable.

Energy Safety Clean Greening

Our technologies enable strong and durable By efficiently removing harmful substances We leverage the water absorbency of Our high-performance materials enable concrete for buildings where people can live in wastewater, we help resolve water issues superabsorbent polymers in the development batteries that help to resolve energy issues. in safety. worldwide. of technology for preventing desertification.

•Ensuring universal access to safe, reliable energy services •Expanding infrastructure and improving safety •Achieving highly economical wastewater treatment •Preventing deforestation; increasing afforestation and reforestation

Challenges •Expanding the renewable share of energy Challenges •Improving the resilience of urban and residential areas against Challenges •Reducing water pollution and minimizing the release of Challenges •Improving soil quality in areas affected by desertification and natural disasters harmful substances into the environment drought

•Applied proprietary synthesis and purification technology to •Developed and commercialized proprietary polycarboxylic •Achieved integrated production of high-quality •Developed materials suitable for improving the water retention

Solutions pioneer mass-production technology for a new electrolyte for Solutions acid-based polymers for concrete admixture that enable Solutions polyethyleneimine from raw materials using a proprietary Solutions of soil by applying technology used in materials for disposable lithium-ion batteries high-strength, high-fluidity concrete method that emits low amounts of waste diapers •Furthered the uptake of safe, high-performance batteries by •Improved building durability while reducing labor requirements •Leveraged high amino adhesion and reactivity to supply •Promoted afforestation in desertifying areas with soil additives improving the characteristics of rechargeable lithium-ion through technologies for stronger, more fluid concrete polyethyleneimine as a raw material for heavy metal treatment that promote plant growth batteries •Facilitated building engineering and design agents, thus helping to detoxify industrial wastewater

Electrolyte for lithium-ion batteries “LiFSI” (IONEL™) Polymers for concrete admixture (AQUALOC™) Polyethyleneimine (EPOMIN™) Water retaining agent for horticulture (ACRYHOPE™)

05 06 STRENGTH

Product Evolution Breakthroughs from Day One 1985

Numerous chemical industry firsts in Japan and worldwide are testimony to our history of success in R&D and in evolving our production technology capabilities. We are an innovative chemical company that Successful Mass-Production of leverages new and existing core technologies to provide customer solutions. Superabsorbent Polymers

We began mass-producing AQUALIC CA™, known as superabsorbent polymers, in 1985 using acrylic acid as a raw material, and we First Commercial Production continue to be the global technology and production leader in this 1941 market. Our superabsorbent polymers have excellent water First in Japan of Phthalic Anhydride Superabsorbentabsorption and retention of 100 to 1,000 grams of water per gram of polymer. Mainly used in disposable diapers, our superabsorbents DevelopingPhthalic a proprietary method to oxidize naphthalene using a vanadium improve quality of life and have also served to prevent desertification. catalyst, we were the first in Japan to commercially produce phthalic • We operate a worldwide production system and are the top producer in the anhydride. Initially, demand for this product increased as a raw material for global superabsorbents market. (As of April 2021, according to Nippon aircraft paints and plastics. Later, this key plasticizer for vinyl chloride resin Shokubai research)polymers contributedanhydride to the growth of the vinyl chloride industry. Home-grown technology underpins our operations as a chemical manufacturing company.

1959 Successful Ethylene Oxide First in Japan Production InEthylene the 1950s, many Japanese petrochemical companies oxide were reliant on 2006 First imported technologies. We changed that by using our own catalytic oxidation Worldwide ACRYVIEWA™ Commercial Production technology to commercialize ethylene oxide. This contributed significantly to the development of the domestic petrochemical industry, and ethylene oxide ACRYVIEWAWe used new polymer design technology to successfully commercialize ACRYVIEWA™, applications now range from polyester raw materials and construction products unique acrylic resins for optical film with outstanding transparency, optical properties, to detergent raw materials. and heat resistance. This material enables larger, thinner liquid crystal displays for

• In Japan, we are a leading producer by volume. televisions, smartphones, tablets and other devices.

Received the Okochi Memorial Prize 1970 First IONEL™ Mass-Production Technology Worldwide 2013 A New Acrylic Acid Production Process First IONELApplying a unique manufacturing method, we Worldwide We were the first in the world to commercialize acrylic acid through direct established proprietary mass-production technologies oxidation of propylene. This enabled low-cost, high-volume acrylic acid that are the first of their kind worldwide for IONEL™, production and derivative products including paint raw materials, adhesive raw which is high-purity LiFSI used as an electrolyte for materials and superabsorbent polymers. Leading acrylic acid manufacturers lithium-ion batteries. IONEL™ is effective over a wide worldwide have adopted our production technology and catalysts. temperature range in improving battery life, input/ • We are one of the largest volume producers worldwide. output performance, capacity retention after storage, and suppression of battery swelling. We expect this Received the Okochi Memorial Received the Director-General of the Japan ProductionAcrylic Prize Science and Technology acid Agency Award product to contribute to the realization of a carbon- neutral society through its adoption in electric vehicles. • The Ministry of Education, Culture, Sports, Science and Technology is the successor to the Science and Technology Agency.

Inorganic synthesis and Phthalic Maleic Ethylene Acrylic Methacrylic Environmental Fuel cell NVP catalyst technology anhydride anhydride oxide acid acid purification catalysts materials Dispersion of zirconia nanoparticles (ZIRCOSTAR™) Organic synthesis Secondary alcohol Aromatic fluorine Hybrid monomers Providing materials and solutions Maleimide technology ethoxylates (SOFTANOL™) compounds (VEEA™) LiFSI (IONEL™) required by people and society Cyclopolymerization Polymer synthesis Superabsorbent polymers Polycarboxylate ether Acrylic resins for optical films Resist materials monomer (AOMA™) technology (AQUALIC CA™) polymers (AQUALOC™) (ACRYVIEWA™) Company founded

1941 1950 1960 1970 1980 1990 2000

07 08 A Message from the President

We will focus on technology to Long-Term Vision TechnoAmenity for the future The Goals in 2030 contribute to the realization of ■ Providing materials and solutions required by people and society ■ Chemical company that keeps evolving by identifying social changes a sustainable society. ■ Developing with various stakeholders inside and outside the company

Second president and key founding figure of the Nippon Shokubai Group, Taizo Yatagai, espoused the importance of technology-driven management. True to that legacy, we contribute to the realization of a sustainable society based on our Group Mission: “ Sustainability Concept – Providing affluence and comfort to people and society, with our unique technology.” Moreover, as expressed in our Corporate Credo, We conduct business activities with the determination to contribute to society, under the Group Mission, “ – Providing affluence and “Safety takes priority over production,” safe and reliable operations comfort to people and society, with our unique technology.” Based on the belief that promoting sustainability activities is implementing the Group Mission, we take a comprehensive view of our corporate behavior that encompasses the economy, society and environment. We therefore prioritize corporate remain the cornerstone of our management. To foster even greater governance, corporate ethics, Responsible Care, risk management, human rights and labor, social contribution and information disclosure. In implementing public trust as a chemical company, we link all of our corporate actions to increase our corporate value, we emphasize dialogue with our customers, business partners, employees, the communities we serve, public activities to the UN’s sustainable development goals (SDGs) and actively administrators, shareholders and investors, and all other stakeholders. carry out sustainability initiatives. Core Sustainability Initiatives at Nippon Shokubai Primarily serving corporate customers, the Nippon Shokubai Group provides chemical products that create value in diverse industries. Compliance Responsible Care Social Contribution We do so largely behind the scenes, supporting numerous industries Strengthening compliance systems through Consideration of environment, safety and health Initiatives to coexist with society and work in and thus an affluent, comfortable society by deploying the unique educational activities and training in all processes from product development to harmony with the environment disposal capabilities in technological development we have honed over many years. Environmental Dialogue protection with Labor Security society The world is experiencing major changes including technological health and and disaster prevention innovations such as AI and IoT, the shift to clean energy, and growing safety Chemical concern for health and medical care. Relevant functional requirements product Quality Society are also diversifying. The response to change requires ever greater safety flexibility. In addition, initiatives to address climate change issues are of Compliance training Our Responsible Care activities Studies of river life (forest and water paramount importance for realizing a sustainable society. resource conservation activities)

We recently formulated our long-term vision, “TechnoAmenity for the Business Continuity Management CSR Supply Chain Management Contribution to a Recycling Society future,” for initiatives through 2030. While responding flexibly to the Strengthening business continuity management Using Sedex, EcoVadis and other online platforms Conducting joint research on the development of rapidly changing world, we will accelerate transformation to achieve through means including earthquake response to enhance CSR supply chain management new technologies for recycling superabsorbent training polymers (SAP) in used disposable diapers our goals in 2030 and continue to provide materials and solutions required by people and society. Suppliers Customers Pulp Construction materials In this ongoing pursuit, we look forward to your continued Raw Procurement Production Sales Logistics Products materials understanding and support. Used disposable diapers Plastic Resin molded products

Sharing information and collaborating to optimize the entire supply chain SAP Recycled SAP, etc.

Development of new recycling technologies Yujiro Goto Earthquake response training President

09 10 Our Businesses Business Overview

Constantly taking on new challenges, we have expanded the scope of businesses and markets in which we operate. Adding to our extensive history and experience in the consumer products and construction materials business and the environmental remediation Consumer Products and Construction Materials business, we are developing ICT, energy and resources, and life sciences as new core businesses.

For the consumer products market, in addition to world-class production capabilities for diaper materials, we support daily life in many ways through the manufacture and stable supply of materials for such items as household detergents, paints, adhesives and tackifiers. We serve the construction materials market by developing proprietary technologies and supplying products including polymers for concrete admixture and ultra weatherability resins.

Adhesives and tackifiers (acrylates) Superabsorbent polymers (AQUALIC CA™) Polymers for concrete admixture External paints for construction (UWR™) (AQUALOC™)

(Applications, with Nippon Shokubai products in parentheses)

Technology Close-Up Consumer Products and Construction Secondary Alcohol Ethoxylates: SOFTANOL™ Nippon Shokubai has commercialized secondary alcohol ethoxylates under the SOFTANOL™ brand through the use of Materials proprietary technologies. The outstanding properties of these surfactants include excellent detergency even at low temperatures, excellent wetting power, unique foam properties, and ease of handling due to low viscosity and low pour point. Ideal applications include fabric and dishwashing liquid detergents, textile scouring agents, pulp and paper agents and hard surface cleaners. Featuring high biodegradability and low persistence in the environment, SOFTANOL™ has built a solid reputation from the perspectives of environmental sustainability and preventing water pollution. Fabric detergents (SOFTANOL™)

Environmental ICT

Remediation Semiconductor, Imaging Environmental Remediation

Our products help to prevent and counteract environmental degradation. They include automobile exhaust emission treatment catalysts that employ proprietary catalytic technology, and products for denitration, decomposition and removal of dioxins, and wastewater treatment. Nippon Shokubai taps into its extensive range of technologies and catalyst production data to swiftly address customer needs with the optimum catalysts.

Life Sciences Energy and Resources Automotive catalysts (gasoline and De-NOx catalysts, dioxin decomposition Catalytic dioxins decomposition and diesel cars) catalysts removal system

Health & Medical, Cosmetics Mobility, (Nippon Shokubai products, with applications in parentheses) Energy Conversion, Water Technology Close-Up

Wastewater Treatment Catalysts for Catalytic Wet Air Oxidation

Leveraging our proprietary technologies, we have developed wastewater treatment catalysts for catalytic wet air oxidation (CWAO). These solid catalysts purify wastewater by oxidizing and decomposing harmful substances. Our catalysts efficiently Wastewater treat highly toxic wastewater in chemical plants, do not generate secondary pollutants such as sludge or air pollutants, and treatment result in reusable treated water. In addition, our catalysts reduce operating costs as they require less space and energy catalysts for than processing methods that use microorganisms or incineration. We expect increasing usage in Southeast Asia and other catalytic wet overseas markets. air oxidation

11 12 Our Businesses

ICT Life Sciences

We provide information and communication technology (ICT) solutions that drive innovation for the networked society in such markets Our life sciences business supports human health, beauty and quality of life. In the health and medical market, as semiconductors and imaging. We serve the semiconductor market with materials that enable denser integration, miniaturization we leverage our technology and expertise to manufacture middle-molecular drug active pharmaceutical ingredients and energy efficiency in areas including the internet of things (IoT) and robotics. We serve the imaging market by supplying optical, ink (APIs) under contract and provide drug development support. In the cosmetics market, we apply our proprietary and three-dimensional printer materials to meet the demands of increasing digitalization. materials and technologies to develop next-generation cosmetic ingredients.

PCBs: Fine particles for semiconductor sealing (SEAHOSTAR™) LCDs: Acrylic resins for optical films (ACRYVIEWA™) Pap agent (AQUALIC™ AS) Cosmetic ingredients (synthetic products, natural products, processing products, etc.) Film adhesion promoters (EPOCROS™) Resist polymers for color filters (ACRYCURE™) (Applications, with Nippon Shokubai products in parentheses) (Applications, with Nippon Shokubai products in parentheses)

Technology Close-Up Activities for the Future Drug Development Support Business Monomer for UV/EB Curable Materials: AOMA™ The journey from basic research to new pharmaceutical product launch entails challenges including long development periods, The market for ultraviolet- and electron-beam-curable materials that do not entail the use of solvents is expanding because of extensive development costs, and rigorous legal and regulatory requirements. Nippon Shokubai supports client drug stronger regulation of volatile organic compounds and increased emphasis on environmental protection. Nippon Shokubai used its development through its manufacturing technologies for oligonucleotide drugs, peptide drugs, and related drug delivery proprietary molecular design technology to develop the functional monomer AOMA™, a diluent for UV/EB curable materials that systems (DDS).* Furthermore, we will draw on our alliances with promising startups to better support drug development and enables the formation of a coating that is hard yet flexible, and has excellent adhesion to various substrates such as glass, metals and the advancement of healthcare. plastics. We expect these characteristics to support its use in applications including UV inkjet ink and materials for flexible devices. Nippon Shokubai will continue to develop functional monomers that advance the adoption of environmentally friendly materials. Industrial inkjet ink (AOMA™) *DDS: Drug delivery systems are technologies for the control of drug release under the right amount, timing and location.

Energy and Resources Spotlight

Our energy and resources business helps society remain affluent and comfortable by supporting environmentally friendly mobility, Promoting R&D through Data Science and Informatics with products ranging from electrolytes that enable the manufacture of high-performance batteries for electric vehicles, to materials for paints and adhesives. We also focus on energy conversion products including materials for solid oxide fuel cells Nippon Shokubai is strengthening data-driven R&D to address diversifying customer needs and shorten the lead time to commercialization. We established the Data Science & Informatics Promotion Office in 2020. Our superabsorbent polymer (SOFC), and on water products including materials for water treatment agents. R&D has increased absorption volume and rate by more than 10% over conventional products by leveraging performance prediction technology driven by machine learning. We will promote the advanced use of data across businesses and departments by developing human resources companywide, building data infrastructure, and introducing advanced technologies.

Enhancing the Business of Contract Manufacturing of Middle-Molecular Drug APIs and Taking on Challenges in Drug Development

Water treatment agents for cooling Resin modifiers (maleimides) Distributed power sources (electrolyte Car paints (specialty acrylates, specialty Nippon Shokubai is harnessing its portfolio of technologies and expertise to promote its business of contract manufacturing water (AQUALIC™ L) sheets for solid oxide fuel cells (SOFC)) methacrylates) of middle-molecular drug APIs. In fiscal 2020, we began manufacturing oligonucleotide APIs in Suita in compliance with (Applications, with Nippon Shokubai products in parentheses) Good Manufacturing Practice (GMP). In fiscal 2021, we will further expand our facilities to meet the growing demand for middle- molecular drug APIs. We are also taking on the challenge of drug discovery research that includes DDS by strengthening Technology Close-Up relationships with our subsidiary Rena Therapeutics Inc., which possesses DDS technology for oligonucleotide drugs, and alliance partners. Lithium Salt for Lithium-Ion Batteries (IONEL™)

Nippon Shokubai used its proprietary technologies to develop the high-purity LiFSI IONEL™. As an electrolyte used in Developing Next-Generation Ingredients for Cosmetics lithium-ion batteries for electric vehicles, it is highly effective over a wide temperature range in improving battery life, Nippon Shokubai plays an important role in the cosmetic ingredient business through its own products and technologies, and input/output performance, capacity retention after storage, and suppression of battery swelling. LiFSI requires advanced products developed through collaboration with other companies. Alliance partners include Marine Nano-fiber Co., Ltd., which expertise for production and quality control because it is difficult to purify. Nippon Shokubai has established the world’s manufactures natural ingredients, as well as manufacturers that process active ingredients. Furthermore, in collaboration first consistent industrial production process for LiFSI. It applies innovative fluorination technology and advanced expertise with FANCL CORPORATION we have developed a new polymer that protects the skin and hair from external factors, and have for production and quality control, overcoming the difficulties in its purification. Given the expected growth in demand, we initiated joint development of next-generation cosmetics ingredients with Summit Cosmetics Corporation. We will continue to plan to expand production capacity at our facilities to approximately 2,000 tons annually, starting in spring 2023. consider partnering with other companies and will promote the development of ingredients that satisfy global market needs.

13 14 Our Products Research and Development, and Production Technology

Nippon Shokubai’s research divisions, which are spread across three sites in Japan (Suita, Himeji and Kawasaki), Basic Materials Business Div. strengthen existing businesses and create new businesses. While pursuing innovative production technologies, we fulfill our Corporate Credo of “Safety takes priority over production” and maintain consistently high quality at each facility. ● Ethylene Oxide & Derivatives Sales & ● Basic Chemicals Sales & Marketing Dept. Marketing Dept. Maleic anhydride Ethylene oxide Food additives (succinic acid) Ethylene glycols Maleimides Research and Development Ethanolamines Benzonitrile, Benzoguanamine Polycarboxylates (AQUALIC™ AS, H) We contribute to society by creating innovative technologies to provide Oxazoline-functional polymer (EPOCROS™ RPS) products that offer outstanding user value.

Basic Research and Development Policy

Acrylics Business Div. • Business division research: Develop existing products and technologies based on business strategy; Create new businesses in growth markets ● Acrylics Sales & Marketing Dept. ● Specialty Acrylics Sales & Marketing Dept. based on company-wide strategy. Acrylic acid Specialty acrylates and methacrylates Acrylates • Corporate research: Create new businesses with a medium-to-long-term perspective. ● AA Catalyst Sales & Marketing Dept. ● Superabsorbents Sales & Marketing Dept. • Improve speed of commercialization through means including open innovation. Process catalysts Superabsorbent polymers (AQUALIC CA™) Salt-tolerant water-absorbing polymers (AQUALIC CS™) Water retaining agent for horticulture (ACRYHOPE™) About 500 of our employees are involved in research, accounting for 25 percent of all employees. They carry out world-class research and development. Through an organizational framework that innovates with a focus of market- and industry-driven business development, we timely Industrial & Household Solutions Div. create relevant products and services that are in demand from society.

● Performance Chemicals Sales & ● Household Chemicals Sales & Production Technology Marketing Dept. Marketing Dept. Polycarboxylate ether polymers (AQUALOC™) Secondary alcohol ethoxylates (SOFTANOL™) Shrinkage reducing agent for concrete Polycarboxylates (AQUALIC™ L) During commercialization, research and manufacturing departments (AQUAGUARD™) Alkoxylated polyethyleneimine collaborate to scale up to mass production and plan the safest, most N-Vinyl pyrrolidone efficient manufacturing processes. A track record of designing and Polyvinyl pyrrolidone building our own plants since the Company’s establishment has given us ● Paint & Coating Polymers Sales & Polyethyleneimine (EPOMIN™) accumulated expertise in production technology and engineering. Marketing Dept. Biodegradable chelating agent (HIDS™) Consequently, our production technology boasts world-class output Aromatic fluorine compounds Paint, PSA, adhesive resins (ACRYSET™) Ultra weatherability resins (UWR™) stability and efficiency that ensures we can respond precisely to market Oxazoline-functional waterborne crosslinker (EPOCROS™ K, WS) needs with timely mass production.

Spotlight Energy & Electronics Solutions Div. Open Innovation

● New Energy Materials Sales & ● Environmental System Sales & Marketing Dept. It has become crucial for businesses to collaborate by solving social issues and delivering customer value. We Marketing Dept. De-NOx catalysts and equipment therefore strategically and proactively employ an open innovation model that seeks to secure differentiated Electrolyte sheets for SOFC (solid oxide fuel cells) Dioxin decomposition catalysts technologies and accelerate commercialization through alliances and collaboration with organizations in and Electrolyte for lithium-ion batteries “LiFSI” (IONEL™) Catalytic dioxins decomposition and removal system Wastewater treatment catalysts for catalytic wet air oxidation outside Japan, including universities, research institutions, and startups. We also partner with venture capital firms, ● Electronics & Imaging Materials Waste gas treatment catalysts operate the Nippon Shokubai Research Alliance Laboratories with Osaka University, and are conducting joint Sales & Marketing Dept. Automotive catalysts research with Nanyang Technological University in Singapore that has enhanced our overseas R&D network. Acrylic resins for optical films (ACRYVIEWA™) Resist polymers for color filters (ACRYCURE™) Spherical fine particles Resin particles (EPOSTAR™) Silica particles (SEAHOSTAR™) Hybrid particles (SOLIOSTAR™) Dispersion of zirconia nanoparticles (ZIRCOSTAR™) UV/EB curable materials (hybrid monomers: VEEA™, AOMA™)

New Business

● Cosmetics Business Office Nippon Shokubai employees assigned to overseas R&D Nanyang Technological University, Singapore Cosmetic ingredients (synthetic products, natural products, processing products) 15

16 Global Network

The Nippon Shokubai Group encompasses companies with expertise in businesses ranging from general chemistry to processing, transport, and trading. We leverage synergies within our network to quickly and accurately address customer requirements. Furthermore, we address increasing demand outside Japan with a global production and distribution network.

●❻ SINO-JAPAN CHEMICAL CO., LTD. ●❼ American Acryl L.P. ●❽ Nippon Shokubai America Industries, Inc. (Taipei; Kaohsiung, Taiwan) (Pasadena, Texas, USA) (Pasadena, Texas; Chattanooga, Established: May 1970 Established: December 1997 Tennessee, USA) International Locations Products: Surfactants and other organic Products: Acrylic acid Established: January 1988 chemicals Products: Superabsorbent polymers Polycarboxylate ether polymers Polycarboxylates

NIPPON SHOKUBAI EUROPE N.V. ●❶ Umicore Shokubai S.A. LG MMA Corporation

Nippon Shokubai Korea Co., Ltd. Sirrus, Inc.

NISSHOKU CHEMICAL INDUSTRY ●❽ (ZHANGJIAGANG) CO., LTD. ●❺ ●❼ ●❽ Nippon Shokubai America NISSHOKU TRADING (SHANGHAI) CO., LTD. Industries, Inc. SINO-JAPAN CHEMICAL CO., LTD. ●❻ American Acryl L.P. American Acryl NA, LLC

SINGAPORE ACRYLIC PTE LTD ●❷ NIPPON SHOKUBAI (ASIA) PTE. LTD. ●❸

PT. NIPPON SHOKUBAI INDONESIA ●❹ Japan Locations

❷ SINGAPORE ACRYLIC PTE LTD (Sakra Road, Singapore) Established: July 1996 Products: Acrylic acid Himeji Plant Osaka Office Tokyo Office

❸ NIPPON SHOKUBAI (ASIA) PTE. LTD. The Himeji Plant occupies a site of 900,000 (Sakra Road, Singapore) square meters. As our primary plant, it Rena Therapeutics Inc. researches and manufactures a wide range Established: January 1998 TOKYO FINE CHEMICAL of products for core businesses including Suita Research Center Products: Glacial acrylic acid CO., LTD. acrylic acid and superabsorbent polymers. Japan Composite Co., Ltd. Himeji Plant NIPPOH CHEMICALS CO., LTD. Himeji Research Center NIPPON NYUKAZAI CO., LTD. NIPPON SHOKUBAI TRADING CO., LTD. CHUGOKU KAKO CO., LTD. NIHON METHACRYL NIPPON POLYMER MONOMER CO., LTD. INDUSTRIES CO., LTD. NISSHOKU TECHNO NS Green Co., Ltd. FINE CHEMICAL CO., LTD. Kawasaki Plant NISSHOKU Tokyo Office ENGINEERING Kawasaki Plant The Kawasaki Plant comprises the Chidori SERVICE CO., LTD. NIPPON SHOKUBAI EUROPE N.V. PT. NIPPON SHOKUBAI INDONESIA NISSHOKU CHEMICAL INDUSTRY Plant and the Ukishima Plant. Here, we were Umicore Shokubai ❶ ❹ ❺ Japan Co., Ltd. (Zwijndrecht, Belgium) (Cilegon, Banten, Indonesia) (ZHANGJIAGANG) CO., LTD. first in Japan to commercialize ethylene oxide, and today this plant is home to one of Nisshoku Butsuryu Co., Ltd. Nippon Shokubai Established: February 1999 Established: August 1996 (Zhangjiagang, Jiangsu, China) Japan’s largest production facilities for CATOX Co., Ltd. Osaka Office Group company Products: Acrylic acid Products: Acrylic acid Established: April 2003 ethylene oxide and its derivative products. Superabsorbent polymers Acrylates Products: Superabsorbent polymers Superabsorbent polymers Polycarboxylate ether polymers

17 18 Global Network Corporate History

Main Subsidiaries & Affiliates Corporate History Our History of Technological Innovation

NIPPOH CHEMICALS CO., LTD. NISSHOKU TECHNO FINE CHEMICAL Rena Therapeutics Inc. Established as Osame Gosei Kagaku Kogyo Co., Ltd. 1941 First in Japan to commercially produce phthalic anhydride Opened Suita Plant 1943 Neo Kawai Bldg., 4-8-15 Nihonbashi-Honcho, CO., LTD. Global Business Hub Tokyo, 3F Otemachi Company renamed Nippon Shokubai Kagaku Kogyo Co., Ltd. 1949 Chuo-ku, Tokyo 103-0023, Japan 9-1 Koya Shinmachi, Ichikawa, Financial City Grand Cube, 1-9-2 Otemachi, Listed on the first section of the Osaka Securities Exchange 1952 Successfully mass-produced maleic anhydride through benzene oxidation 1953 Used proprietary technology to commercially produce unsaturated polyester TEL +81-3-3270-5341 FAX +81-3-3270-3401 Chiba 272-0011, Japan Chiyoda-ku, Tokyo 100-0004, Japan resin for the first time in Japan TEL +81-3-4243-6081 FAX +81-3-4243-6097 TEL +81-47-328-1185 FAX +81-47-328-1189 1955 Launched production of fumaric acid CHUGOKU KAKO CO., LTD. Listed on the first section of the Tokyo Stock Exchange 1956 1575 Mizue, Kurashiki, NIPPON SHOKUBAI TRADING NS Green Co., Ltd. Opened Kawasaki Plant (currently Kawasaki Chidori Plant) 1959 Used proprietary technology to commercially produce ethylene oxide for the first time in Japan Okayama 710-0802, Japan CO., LTD. 992-1 Nishioki, Okinohama, Aboshi-ku, Himeji, Opened Himeji Factory (currently Himeji Plant) 1960 Received the Okochi Memorial Prize for commercializing ethylene oxide and TEL +81-86-465-3555 FAX +81-86-465-7843 ethylene glycol 2F Yusen Suitengumae Bldg., 1-14-8 Nihonbashi Hyogo 671-1241, Japan 1962 Launched production of ethanolamines Ningyo-cho, Chuo-ku, Tokyo 103-0013, Japan TEL +81-79-273-4744 FAX +81-79-273-4744 Nisshoku Butsuryu Co., Ltd. Opened Kawasaki Second Factory 1967 Received the Society of Synthetic Organic Chemistry, Japan Award TEL +81-3-5695-4021 FAX +81-3-5695-4024 (currently Kawasaki Ukishima Plant) (Technological section) for establishing the production technology for 6F Kogin Bldg., 4-1-1 Koraibashi, Chuo-ku, NISSHOKU ENGINEERING SERVICE phthalonitrile and benzonitrile using ammoxidation process 1969 Launched production of ethyleneimine Osaka 541-0043, Japan NIPPON POLYMER INDUSTRIES CO., LTD. TEL +81-6-6202-5267 FAX +81-6-6233-2475 1970 Commercially produced acrylic acid and acrylates by oxidizing propylene for CO., LTD. 992-1 Nishioki, Okinohama, Aboshi-ku, Himeji, the first time in Japan Hyogo 671-1241, Japan 1972 Launched production of secondary alcohol ethoxylates 2114 Okinohama, Aboshi-ku, Himeji, Received the Okochi Memorial Production Prize for acrylic acid and acrylates NIPPON NYUKAZAI CO., LTD. First Ethylene Oxide & Hyogo 671-1241, Japan TEL +81-79-272-0677 FAX +81-79-271-5188 production technology Ibasen Bldg., 4-1 Nihonbashi Kobuna-cho, Ethylene Glycol Plant under TEL +81-79-273-4121 FAX +81-79-273-4601 construction (1959) 1973 Received the Director-General of the Japan Science and Technology Agency Chuo-ku, Tokyo 103-0024, Japan NIHON METHACRYL MONOMER Award for acrylic acid production technology TEL +81-3-5651-5631 FAX +81-3-5651-5639 1974 Launched production of automotive catalysts Japan Composite Co., Ltd. CO., LTD. 1976 Received the Japan Petroleum Institute Award for Technological Progress for 2F Advantec Nihonbashi Bldg., 3-2-13 Sumitomo Twin Bldg., 2-27-1 Shinkawa, secondary alcohol ethoxylate production technology TOKYO FINE CHEMICAL CO., LTD. Kawasaki First Factory received an award from the Minister of International Nihonbashi-Honcho, Chuo-ku, Tokyo 103-0023, Japan Chuo-ku, Tokyo 104-0033, Japan 3F Bussan Bldg., 1-4-14 Nishi Shinbashi, Trade and Industry as a good production site for high-pressure gas TEL +81-3-3516-3002 FAX +81-3-3516-3090 TEL +81-3-5543-5308 FAX +81-3-5543-5911 Minato-ku, Tokyo 105-0003, Japan 1978 Received the Okochi Memorial Production Prize for secondary alcohol ethoxylate production technology TEL +81-3-3506-7666 FAX +81-3-3506-7671 1979 Launched production of spherical fine particles Umicore Shokubai Japan Co., Ltd. CATOX Co., Ltd. Himeji Plant received the Director-General of the Agency for Natural Resources 1-25-19 Rinku-cho, Tokoname, 1-46 Higashi Kaigan-cho, Amagasaki, and Energy Award as a good production site for heat management Aichi 479-0882, Japan Hyogo 660-0843, Japan 1982 Completed demonstration plant for methacrylic acid and methyl methacrylate 1985 Launched full-scale production of superabsorbent polymers TEL +81-569-38-7670 FAX +81-569-38-7678 TEL +81-6-6409-1301 FAX +81-6-6409-1302 1987 Launched production of polycarboxylate ether polymers Received the Japan Petroleum Institute Award for methyl methacrylate production technology Overseas Subsidiaries & Affiliates Himeji Plant (1961) Received the Technological Award from the Catalysis Society of Japan for developing catalysts for methacrylic acid production Received the Society of Synthetic Organic Chemistry, Japan Award (Technological section) for establishing and commercializing a highly Nippon Shokubai America Industries, Inc. SINO-JAPAN CHEMICAL CO., LTD. efficient synthesis process for polyfluoro-aromatic compounds 4631 Old Highway 146, Suite A, Pasadena, TX 77507, USA （中日合成化學股份有限公司） Established NA Industries, Inc. 1988 (currently Nippon Shokubai America Industries, Inc.) TEL +1-832-284-4033 14Fl, 99, Sec. 2, Jen Ai Rd., Taipei 10062, Taiwan Established Tsukuba Research Center TEL +886-2-2396-6223 FAX +886-2-2341-4628 1989 Received the Technological Award from the Catalysis Society of Japan for SINGAPORE ACRYLIC PTE LTD developing catalysts for ammonia dry-type flue-gas denitration Company renamed NIPPON SHOKUBAI CO., LTD. 1991 80 Robinson Road, #18-02, 068898, Singapore LG MMA Corporation 1992 Received the Chemical Society of Japan Award for Technical Development for TEL +65-6532-0078 FAX +65-6532-0079 23F, LG Seoulstation Bldg., 98, Huam-ro, Jung-gu, Seoul 04637, Korea developing a new production method for ethyleneimine 1996 TEL +82-2-6930-3800 FAX +82-2-6930-3801 Established PT. Nisshoku Tripolyta Acrylindo Received the Chemical Society of Japan Award for Technical Development for (currently PT. NIPPON SHOKUBAI INDONESIA) developing and commercializing a new production process for maleimides PT. NIPPON SHOKUBAI INDONESIA Established American Acryl NA, LLC and American Acryl L.P. 1997 Launched production of dioxin decomposition catalysts Kawasan Industri Panca Puri JI. Raya Anyer Km. American Acryl NA, LLC Established NIPPON SHOKUBAI (ASIA) PTE. LTD. 1998 122 Ciwandan, Cilegon, 42447 Banten, Indonesia Established NIPPON SHOKUBAI EUROPE N.V. 1999 American Acryl L.P. 2000 TEL +62-254-600-660 FAX +62-254-600-657 Commercialized fuel-cell materials 4631 Old Highway 146, Suite B, Pasadena, TX 77507, USA Acquired acrylic acid business from Sumitomo Chemical Co., Ltd. and 2002 Launched production of N-Vinyl pyrrolidone transferred methyl methacrylate monomer business to Sumitomo NIPPON SHOKUBAI (ASIA) PTE. LTD. Established NISSHOKU CHEMICAL INDUSTRY 2003 Received the Kirkpatrick Chemical Engineering Achievement Award for Umicore Shokubai S.A. (ZHANGJIAGANG) CO., LTD. in China N-Vinyl pyrrolidone production technology 80 Robinson Road, #18-02, 068898, Singapore L-4940, Bascharage, 5, rue Bommel, Luxembourg Decommissioned and dismantled the phthalic anhydride facility TEL +65-6532-0078 FAX +65-6532-0079 Acquired acrylic acid business in Singapore from Sumitomo Chemical Co., Ltd. 2004 2006 Launched production of acrylic resins for optical materials NISSHOKU TRADING (SHANGHAI) CO., LTD. Received three awards in the same year: the Chemical Society of Japan Award for NIPPON SHOKUBAI EUROPE N.V. Technical Development; the Society of Chemical Engineers, Japan Award for Haven 1053, Nieuwe Weg 1, B-2070 Zwijndrecht, Belgium （日触商貿（上海）有限公司） Outstanding Technological Development; and the Catalysis Society of Japan Award TEL +32-3-250-3705 FAX +32-3-250-3712 R/No.3604, The Center, 989 Changle Road, Shanghai 200031, China for Technology, for the development of new ethanolamine production technology TEL +86-21-5407-5959 FAX +86-21-5407-5673 Established NISSHOKU TRADING (SHANGHAI) CO., LTD. in China 2007 Received the Chemical Society of Japan Award for Technical Development for developing a new production method for N-Vinyl-2-pyrrolidone NISSHOKU CHEMICAL INDUSTRY Acquired a majority share in NIPPON NYUKAZAI CO., LTD. 2008 (ZHANGJIAGANG) CO., LTD. Sirrus, Inc. and SINO-JAPAN CHEMICAL CO., LTD. 2009 Received the Okochi Memorial Production Prize for developing new 422 Wards Corner Road, Loveland, OH 45140, USA （日触化工（張家港）有限公司） diethanolamine production technology No. 60 Nanhai Road, Yangtze River International TEL +1-513-448-0308 FAX +1-513-448-0310 2014 Received the Chemical Society of Japan Award for Technical Development for Chemical Industrial Park, Zhangjiagang, Jiangsu 215635, China developing and commercializing lactone-ring-containing acrylic polymer for Nippon Shokubai Korea Co., Ltd. optical films TEL +86-512-5893-7910 FAX +86-512-5893-7912 Commercialized electrolyte for rechargeable lithium-ion batteries 12F Dowon Bldg., 34, Mapo-daero, Mapo-gu, Closed Suita Plant and bolstered site functions as an R&D base 2015 Seoul 04174, Korea Established Nippon Shokubai Korea Co., Ltd. TEL +82-2-704-9113 FAX +82-2-704-9114 Acquired a majority share in Sirrus, Inc. 2017 Acquired a majority share in Rena Therapeutics Inc. 2019 Completed facility for manufacturing middle-molecular drug active pharmaceutical ingredients (APIs)

19 20 Company Outline Financial Summary (Consolidated Statements)

Operating Results and Assets Revenue by Business Segment Outline Organization Chart (As of June 22, 2021)

FY2018 FY2019 FY2020 FY2019 FY2020 (’18.4-’19.3) (’19.4-’20.3) (’20.4-’21.3) Company Name Division Revenue (millions of yen) 338,869 302,150 273,163 NIPPON SHOKUBAI CO., LTD. Internal Audit Dept. Profit before tax (millions of yen) 32,119 15,748 －12,926 39.7% 40.4% Corporate Planning Established Profit attributable to owners of parent (millions of yen) 23,849 11,094 －10,899 Health & Medical August 21, 1941 Business Basic earnings per share (yen) 598.05 278.21 －273.33 Development Office Total assets (millions of yen) 481,668 475,641 471,617 56.4% 56.8% Share capital (As of March 31, 2021) Malonates Business Development Office Total equity (millions of yen) 329,227 326,108 323,725 25,038 million yen Cosmetics Business Equity attributable to owners of parent per share (yen) 8,099.97 8,017.17 7,959.07 Office ROA (ratio of profit before tax to total assets) (%) 6.7 3.3 －2.7 Revenue/Sales (April 2020–March 2021) General Affairs & HR 3.9% 2.8% 273.2 billion yen (Consolidated revenue) Finance & Accounting 181.1 billion yen (Non-consolidated sales) Basic Chemicals Functional Chemicals Information Technology Management Dept. Environment & Catalysts Number of employees (As of March 31, 2021) ERP Innovation 4,555 (Consolidated) 2,391 (Non-consolidated) Project Revenue Profit before Tax Profit Attributable to Owners of Parent Responsible Care (Millions of yen) (Millions of yen) (Millions of yen) 350,000 338,869 35,000 32,119 25,000 23,849 Production 302,150 30,000 20,000 300,000 Locations Engineering 273,163 25,000 15,000 20,000 11,094 250,000 15,748 The Board President Indonesia Project 15,000 10,000 Osaka Office 200,000 10,000 5,000 DX Promotion Team 5,000 Corporate 0 Kogin Bldg., 4-1-1 Koraibashi, Chuo-ku, 150,000 Managing IONEL Construction 0 Osaka 541-0043, Japan Team －5,000 Committee －5,000 100,000 TEL +81-6-6223-9111 FAX +81-6-6201-3716 －10,000 －10,000 R&D Management Dept. －10,899 0 －15,000 －12,926 －15,000 Tokyo Office Innovation & Business Development FY2018 FY2019 FY2020 FY2018 FY2019 FY2020 FY2018 FY2019 FY2020 (’18.4-’19.3) (’19.4-’20.3) (’20.4-’21.3) (’18.4-’19.3) (’19.4-’20.3) (’20.4-’21.3) (’18.4-’19.3) (’19.4-’20.3) (’20.4-’21.3) Hibiya Dai Bldg., 1-2-2 Uchisaiwai-cho, Chiyoda-ku, Business Planning & Tokyo 100-0011, Japan Development Overview of Consolidated Group (As of March 31, 2021) TEL +81-3-3506-7475 FAX +81-3-3506-7598 Basic Materials Business Japan International Kawasaki Plant Acrylics Business Basic Chemicals Business Basic Chemicals Business (Chidori Plant) Supply of products and merchandise Industrial & Household NIPPON NYUKAZAI CO., LTD. SINO-JAPAN CHEMICAL CO., LTD. 14-1 Chidori-cho, Kawasaki-ku, Kawasaki, Solutions Supply of products and merchandise, Supply of products licensing of technology PT. NIPPON SHOKUBAI INDONESIA Kanagawa 210-0865, Japan and merchandise Purchase of materials Supply of products and merchandise Energy & Electronics SINGAPORE ACRYLIC PTE LTD Solutions NIPPON SHOKUBAI TRADING CO., LTD. TEL +81-44-288-7366 Supply of technical and Supply of products Supply of products Purchase of goods and materials market information and merchandise and merchandise Purchase of materials NIPPON SHOKUBAI (ASIA) PTE. LTD. (Ukishima Plant) Purchasing & Logistics Functional Chemicals Business

10-12 Ukishima-cho, Kawasaki-ku, Kawasaki, NIPPOH CHEMICALS CO., LTD. Supply of products and merchandise Kanagawa 210-0862, Japan Kawasaki Plant Functional Chemicals Business TEL +81-44-288-5715 TOKYO FINE CHEMICAL CO., LTD. Himeji Plant Nippon Shokubai America Industries, Inc. Supply of products Himeji Plant and Himeji Research Center CHUGOKU KAKO CO., LTD. and merchandise Supply of products and merchandise American Acryl L.P. Auditors NISSHOKU TECHNO FINE CHEMICAL CO., LTD. Lease of assets 992-1 Nishioki, Okinohama, Aboshi-ku, Himeji, Auditor Office Purchase of goods and materials Hyogo 671-1282, Japan Board of Supply of products and merchandise, American Acryl NA, LLC Auditors NIPPON POLYMER INDUSTRIES CO., LTD. licensing of technology TEL +81-79-273-1131 (Plant) PT. NIPPON SHOKUBAI INDONESIA Supply of products +81-79-273-1145 (Research Center) Japan Composite Co., Ltd. Supply of technical and and merchandise market information NIPPON SHOKUBAI (ASIA) PTE. LTD.

Suita Research Center NIHON METHACRYL MONOMER CO., LTD. NIPPON SHOKUBAI EUROPE N.V.

5-8 Nishi Otabi-cho, Suita, Environment & Catalysts Business Supply of products and merchandise NISSHOKU CHEMICAL INDUSTRY (ZHANGJIAGANG) CO., LTD. Osaka 564-0034, Japan Umicore Shokubai Japan Co., Ltd. LG MMA Corporation Purchase of materials TEL +81-6-6317-2202 Transportation of products and merchandise Nisshoku Butsuryu Co., Ltd. Environment & Catalysts Business Transportation of products Transportation of products Umicore Shokubai S.A. and merchandise and merchandise Daiko Rikuun Co., Ltd.

Note: NIPPON SHOKUBAI TRADING CO., LTD. and Nisshoku Butsuryu Co., Ltd. are involved in multiple segments. Consolidated subsidiaries Equity-method affiliates

21 22 Our Origin Product Flow Chart

Contemporary lifestyles and the issues faced by society continue to grow increasingly sophisticated and complex. We have answered these developments with one innovative product after another. The basic materials that we manufacture also become the building blocks for higher-added-value products.

Basic Chemicals Functional Chemicals

Ethylene oxide Polycarboxylate ether polymers (AQUALOC™) Corporate DNA Inspired by Ethylene

“The Passionate Entrepreneur” Ethylene glycols N-Vinyl pyrrolidone

Nippon Shokubai has been growing for 80 years. Carrying on Polyvinyl pyrrolidone the spirit of taking on visionary challenges that has been passed down by our second president, Taizo Yatagai, known as “the Ammonia Ethyleneimine passionate entrepreneur,” we have created unprecedented Ethanolamines Polyethyleneimine Alkoxylated value using technologies that no other company possesses. The (EPOMIN™) polyethyleneimine cornerstone of our success is Taizo Yatagai’s decision to expand Normal paraffin Secondary alcohol ethoxylates into the petrochemical industry. Eschewing the technologies of (SOFTANOL™) U.S. forerunners, Nippon Shokubai pursued research and Acrylic acid development focused on its proprietary technologies. These efforts bore fruit in 1959 when the Kawasaki Plant became the Propylene Adhesive resins (ACRYSET™) Oxazoline-functional first in Japan to commercially produce ethylene oxide using Acrylates polymer (EPOCROS™) home-grown technology.

(Taizo Yatagai features by name as the protagonist of Hono-o no Keieisha Alcohols Specialty acrylates (The Passionate Entrepreneur), a novel by Ryo Takasugi based on Yatagai’s Ultra weatherability business experiences.) resins (UWR™) Superabsorbent polymers (AQUALIC CA™) Sodium hydroxide Polycarboxylates (AQUALIC™ L, H) Acrylic emulsions (ACRYSET™) Methacrylic acid Isobutylene

Alcohols Specialty methacrylates Spherical fine particles (EPOSTAR™) Methyl methacrylate N-Phenylmaleimide (IMILEX™-P) Maleic anhydride

Benzene Succinic acid

The early years of Nippon Shokubai Benzoguanamine Toluene Benzonitrile

Environment & Catalysts Chemical reagents Automotive Process catalysts catalysts

De-NOx catalysts Catalyst Dioxin decomposition catalysts supports Exhaust gas and wastewater treatment catalysts

Raw materials Products Intermediates

23