Appendix A. Response to findings from Asia Symbol

Mr. Sergio Baffoni Environmental Paper Network -18

33602 Bielefeld, Germany

Dear Mr. Baffoni,

Asia Symbol (Shandong) Pulp and Paper (ASSD) has recently been notified of a letter sent by EPN on March 22 2023 to RGE, flagging concerns on the wood chips sourced by Rizhao, China from PT Balikpapan Chip Lestari in 2021 and 2022

Wood and Pulp Sourcing Policy and Sustainability Policy comply wit Forestry, Fibre, Pulp & Paper Sustainability Framework which commits the Group to No Deforestation and to responsible sourcing of pulp and wood chips. We apply responsible sourcing across our wood chip and pulp supply chain and are prepared to re-evaluate and terminate the relationship with a supplier who cannot or will not meet the objectives of our Wood and Pulp Sourcing Policy.

We take the allegations raised by EPN seriously that the wood chips sourced from BCL have been obtained from companies that are alleged to have committed deforestation. We have taken immediate steps to investigate the allegations and commit to undertake the necessary actions based on the findings.

To assist in our investigations, we request any relevant shape files from related to these claims, with particular reference to PT Industrial Forest Plantation, PT Adindo Hutani Lestari and PT Fajar Surya Swadaya, as noted in your letter.

Further to conducting an investigation on this matter, Asia Symbol will also undertake a review of our wood chip and pulp sourcing due diligence system to address any gaps and further strengthen the implementation of our No Deforestation commitment. We will also continue to undertake third party verification on the implementation of our wood chip and pulp sourcing per our policy.

Thank you for bringing this matter to our attention and for the opportunity to offer clarifications.

Kind Regards,

Max Cheng Xin Kai Head of wood chips procurement and trading