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Since these allegations arose we have demanded that KLI take immediate action to thoroughly investigate and address this with KLI’s recruitment agencies, pursuant to its obligation to comply with our Vendor Code of Conduct. We have been clear with KLI that fair treatment for migrant workers is essential, that abuse in our supply chain will not be tolerated, and that we expect to be kept updated. We have continued and are continuing this robust engagement with KLI.

We have also established an internal investigation team, led by one of our Executive Officers at our headquarters, have independently been engaging with relevant parties, and have been investigating the allegations involving this part of our value chain including both the investigation into KLI and KLI’s recruitment agencies as well as the conducting of interviews with relevant migrant workers. We will continue to make every effort to complete our investigation, and to take appropriate action in accordance with international standards and based on the result of the investigation, as soon as possible.

SHIMANO INC.