Disclaimer

This website and the information contained herein (collectively referred to as the “Website”) are being made available to all shareholders of Kao Corporation (“Kao” or the “Company”).  Oasis Management Company Ltd. (“Oasis”) is the investment manager to private funds (the “Oasis Funds”) that own shares in Kao.  Oasis has created this Website to enable visitors to carefully monitor how sincerely the board and management of Kao address our proposals, listen to shareholders’ views, and endeavor to increase the value of Kao, in the best interest of all stakeholders and all shareholders. 

The Website was created solely for the purpose mentioned above. Oasis is not and should not be regarded or deemed in any way whatsoever to be (i) soliciting or requesting other shareholders of Kao to exercise their shareholders’ rights (including, but not limited to, voting rights) jointly or together with Oasis, (ii) making an offer, a solicitation of an offer, or any advice, invitation or inducement to enter into or conclude any transaction, or (iii) any advice, invitation or inducement to take or refrain from taking any other course of action (whether on the terms shown therein or otherwise). 

The Website exclusively represents the opinions, interpretations and estimates of Oasis in relation to Kao’s business and governance structure.  Oasis is expressing such opinions, etc. solely in its capacity as an investment adviser of the Oasis Funds.

The information contained herein is derived from publicly available information deemed by Oasis to be reliable. The information herein may contain forward-looking statements which can be identified by the fact that they do not relate strictly to historical or current facts and include, without limitation, words such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “projects,” “targets,” “forecasts,” “seeks,” “could” or the negative of such terms or other variations on such terms or comparable terminology. Similarly, statements that describe Oasis’s objectives, plans or goals are forward-looking. Any forward-looking statements are based on Oasis’s current intent, belief, expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict and that could cause actual results to differ materially. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results and actual results may vary materially from what is expressed in or indicated by the forward-looking statements.

Although Oasis believes that reasonable efforts have been made to ensure the accuracy of the information contained on the Website, Oasis makes no representation or warranty, expressed or implied, as to the accuracy, completeness or reliability of such information. Oasis expressly disclaims any responsibility or liability for any loss howsoever arising from any use of or reliance on any of the information contained on the Website or any of their contents as a whole or in part by any person, or otherwise howsoever arising in connection with the same.

Oasis is not under any obligation to provide any updated or additional information or to correct any inaccuracies in the information contained herein.