News Release

Japan Pulp & Paper Co., Ltd. (Head Office: Tokyo, Japan; Representative Director President & CEO: Akihiko Watanabe; hereinafter “the Company”) hereby announces that Japan Pulp & Paper (M) Sdn Bhd (Head Office: Kuala Lumpur, Malaysia, Managing Director: Guan Swee Kwee; hereinafter “JPPM”), a consolidated subsidiary of the Company, has acquired shares in Compedo Media Sdn Bhd (Head Office: Kuala Lumpur, Malaysia; hereinafter “Compedo”), a sign & display media and hardware sales and technical services company operating in Kuala Lumpur.

One of the policies of the Non-Japan Wholesaling segment in Medium-term Business Plan 2023 is to strengthen sales of high-value-added products such as sign & display media and hardware, and packaging by incorporating complementary M&A into the existing sales network, and this acquisition of shares is in line with that policy.

With this acquisition of shares, the Japan Pulp & Paper Group will be able to make inroads into the Malaysian sign and display market, not only through traditional media sales, but also through hardware sales and technical services. With this we will be able to further expand our customer service and sales base by acquiring the strong supplier base and technical service know-how of Compedo, a market leader, and by combining this with our existing media sales to provide a one-stop solution. JPPM, with its subsidiary OVOL Malaysia as its core entity, aims to become a leading company in the sign and display market in addition to its leading position in the paper distribution industry in Malaysia.