'Dual circulation' to boost growth (Ⅳ)

A1: Under the strong leadership of the Chinese government, China's rapid economic recovery has also contributed to the rapid recovery of Kao's career in China. China has always been the most important overseas market in Kao Group's global strategy, and after COVID-19, the Chinese market has become more and more important.

A2: Kao wants to be China's trusted "Kirei" living partner. The Japanese word "Kirei" means beautiful or clean, not only on the outside but also the inside.

Kao continues to create and provide "high-quality products" in the field of "cleanliness, health and beauty". To this end, Kao will continue to import products developed by Kao's most advanced technology into the Chinese market.

We will also leverage the strength of research and development centers and factories in China, to develop and produce products suitable for Chinese consumers' demand.

A3: As foreign-funded enterprises, the Chinese government's efforts in ensuring stability on the "six fronts" and security in "six areas" is very beneficial for our long-term development in China.

The reduction of uncertainty and the realization of stable employment, investment, production and sales will be closely related to the development of future undertakings.

A4: COVID-19 affected the whole world, but the Chinese government actively took strong measures to curb the spread of the epidemic. Its outstanding performance in COVID-19 prevention and control has won the world's attention.

Although the global economy has been hard-hit, China's economic growth rate in the third quarter turned positive from negative, and its economy recovered and developed rapidly from the epidemic. In particular, the market of consumer goods we belong to has also quickly revived, and consumption is also rising.

In the early stages of COVID-19, Kao (China) has been affected by attendance, logistics and other aspects, but under the guidance of the government we achieved the resumption of work relatively quickly. At present, we organize business activities orderly under the daily implementation of epidemic prevention measures.

A5: China is developing at a surprising rate in order to achieve its first century goal of building a well-off society in an all-round way. Kao entered China in 1993 and has witnessed and closely followed its rapid social and economic development, and the improvement of people's living standards over the past three decades.

In the new stage of development in the future, in order to be more close to the whole Chinese society and the needs of each consumer, Kao will continue to use the strength of Kao Group and strengthen the Chinese market to help Chinese consumers achieve a more beautiful life.

A6: In today's society, almost all business activities are inseparable from the Chinese market. The Chinese market has also always been Kao's most important overseas market. Assuming the growth of China's business remains stable in terms of its huge market scale, we believe the Chinese market will continue to maintain the most important position, and will promote and lead the further development of Kao group through the development of Kao(China)'s business.

A7: We are looking forward to the further reform and opening-up policy of the 14th Five-Year Plan. We will unite the efforts to develop advanced innovative products continuously, and continue to provide high-quality products for Chinese consumers through importing from Japan and other overseas countries.

At the same time, with regard to the call of promoting the construction of an ecological civilization, we have also implemented the ESG strategy, which is closely related to the policy above, and focused on production development and related social activities to contribute to the sustainable development of Chinese society.