Report on Tree Planting Project "Forest for Tomorrow, Grown Together"

Daiwa Securities Co., Ltd. (hereinafter "Daiwa Securities"), a subsidiary of Daiwa Securities Group Inc. (hereinafter "Daiwa Securities Group Inc."), and Daiwa Asset Management Co., Ltd. (hereinafter "Daiwa Asset Management") have donated a portion of the trust fees from their "Decarbonization Technology Equity Fund" (Nickname: Carbon ZERO) and "Decarbonization Technology Equity Fund (with Expected Distribution) " (Nickname: Carbon ZERO (with Expected Distribution)) (collectively, the "Funds") to tree planting activities by the certified NPO Environmental Relations Institute. We are pleased to announce that in 2026, we were able to support the planting of 2,272 trees in two locations nationwide (Takayama City, Gifu Prefecture, and Osaki City, Miyagi Prefecture), bringing the total number of trees supported since the project's inception to 24,987.

Tree planting site in Fuefuki City, Yamanashi Prefecture, supported in 2022

The "Forest for Tomorrow, Grown Together" tree planting project for this fund is part of our sustainability initiatives, aimed at sharing the same aspirations as our investors who invest in companies contributing to the realization of a decarbonized society. The saplings will be managed and cared for by the local forestry association for 10 years from the year of planting. We aim to contribute to the resolution of medium- to long-term environmental issues by continuing to support tree planting activities while observing the growth of the trees into a natural forest alongside our customers.

Breakdown of Trees Planted Through Donations

Daiwa Securities

Daiwa Asset Management

Total Trees Planted

11,459 trees

13,528 trees

Trees Planted in 2026

950 trees

1,322 trees

Donation Amount

¥4,753,315

¥6,614,380

Month of Donation

March 2026

March 2026

Planting Location

Suonomata, Kiyomi-cho, Takayama City, Gifu Prefecture

Scheduled for November planting

Onikobe, Naruko Onsen, Osaki City, Miyagi Prefecture

Scheduled for October planting

Under its management vision "2030Vision," Daiwa Securities Group will continue to strive for the creation of a prosperous future and the enhancement of corporate value through financial and capital markets, together with all stakeholders.

End

[Reference]

Daiwa Securities Group's Sustainability Initiatives

https://www.daiwa-grp.jp/sustainability/?cid=ad_eir_sdgspress

"Decarbonization Technology Equity Fund" (Nickname: Carbon ZERO) Special Feature Page

https://www.daiwa-am.co.jp/special/carbonzero/

[Tree Planting Project Overview]

Target Funds

Decarbonization Technology Equity Fund (Nickname: Carbon ZERO)

Decarbonization Technology Equity Fund (with Expected Distribution) (Nickname: Carbon ZERO (with Expected Distribution)) *1

Donating Entities

Daiwa Securities Co., Ltd. and Daiwa Asset Management Co., Ltd.

(Direct donations are not made from the target funds)

Donation Recipient

Certified NPO Environmental Relations Institute *2

Tree Planting Activities

Carried out by forestry associations, etc., at each afforestation site through the "Present Tree" tree planting project operated by the certified NPO Environmental Relations Institute.

Planned Planting Locations

Domestic planting sites where "Present Tree" accepts tree planting. Information on planting sites is updated daily (https://presenttree.jp/ptforests/index.php#sec02)

Donation Amount

Calculated based on the net assets of the target funds as of the end of February each year *3

Donation Timing

In principle, donations are scheduled once a year, with the calculation base date being the end of February, and donations made in March.

Tree Planting Certificate

In principle, tree planting certificates are sent to customers who hold 5 million or more units as of the end of February each year.

Disclosure

- Donation results (date, amount) will be reported on the websites of Daiwa Securities Group Inc. and Daiwa Asset Management.

- Fund letters for the target funds issued by Daiwa Asset Management will report on tree planting activities and the growth process of the forests.

(*1) The "Decarbonization Technology Equity Fund (with Expected Distribution)" will mature and be redeemed on July 10, 2026.

(*2) A certified NPO that plants trees in locations where forests should be created, such as disaster-stricken forests, development sites, and clear-cut abandoned land across the country. Its tree planting project "Present Tree," launched in January 2005, contributes to forest regeneration and regional development. (https://presenttree.jp/)

(*3) This donation is an amount calculated based on the net assets of the target funds as of the end of February 2026 under this scheme. The next donation is scheduled for late March 2027.

[Overview of the Funds]