Environmental Green Finance

CSI obtained a Green1(the highest rating) assessment from JCR and a SBI Shinsei Green Loan Assessment from SBI Shinsei Bank, Limited, witch is one of CSIF's arranger banks, for the borrowings of 17.0 billion yen allocated towards acquisitions during the 8th Fiscal Period (acquired on March 8, 2021). Also, after JCR's review, the borrowings continued to be assessed ad Green1 as of June 30, 2022.

The borrowings amounting to 15.7 billion yen which was allocated towards the funds for acquiring the acquisitions for the IPO obtained a Green1 (the highest rating) assessment by JCR as of November 22, 2017, based on JCR's evalutation of the use of proceeds and CSIF's management /operation/transparency. Also, after JCR's review, the borrowings continued to be assessed ad Green1 as of June 30,2022.

As of January 26, 2021, CSIF issued a 5-year Green Bond of 3.8 billion yen, which was given JCR Green1 assesment and the proceeds will be used for the repayment of borrowings, Also, after JCR's review, the investment corporation bonds continued to be assessed as Green 1 as of June 30, 2022.

Simultaneously with this offering, CSIF has revised its Green Finance Framework to make it also applicable to the issuance ofinvestment units. CSIF plans to obtain a third-party evaluation of the revised Green Finance Framework from JCR for the issuance of investment units asgreen equity in accordance with the new Green Finance Framework.