Announcement regarding the sale of shares and changes in related companies, principal shareholders and the top shareholder

Section heading

Rintech aims to achieve ROE of 8% or higher and strengthen its financial base under the mid-term management plan LSV2030 Stage2. This press release indicates the intention to implement a sale of Rintech stock in connection with changes among major shareholders and related companies, and has decided to conduct treasury stock acquisitions for a limited period to enhance liquidity and broaden the shareholder base. It also emphasizes that after discussions on the handling of Japan Pulp and Paper's shareholding, selling is deemed the optimal method.

Section 2 heading

This matter is a measure to enhance shareholder returns and capital efficiency, aiming to improve liquidity and broaden the shareholder base. The upper limit for treasury stock acquisition is 30 billion yen, with 6,910,000 shares to be acquired. The sale will involve Japan Pulp and Paper as lead underwriter and securities lending agent, and will proceed in two stages: sale by underwriter's purchase and sale by over-allotment. Conditions such as lock-up periods and greenshoe options, as well as syndicated cover arrangements, are disclosed to explain the impact on shareholder composition. Going forward, further disclosures may update the number of shares and the determination date of the offering price depending on supply and demand.