Notice of Completion of Payment and Partial Lapse Concerning Disposal of Treasury Stock under the Restricted Stock Grant System through the Employee Shareholding Association

Overview

Oi Electric Co., Ltd. announced that the payment procedures have been completed for the disposal of treasury stock under the restricted stock grant system through the employee shareholding association, and that the number of shares disposed and the total amount have been revised. The number of shares disposed after the change is 5,184 shares, and the total disposal amount is 27,682,560 yen, with the allotment made to a third party via the employee shareholding association. The reason for the change is that the membership count was finalized following a membership promotion to employees who were not enrolled in the employee shareholding association.

Impact and Outlook

This matter represents a change in internal processes related to the disposal of treasury stock and is considered to have limited direct impact on shareholder value. The significant reduction in the number of shares disposed and in the total amount limits dilution effects, and future disposal plans may be readjusted depending on movements within the employee shareholding association. Additional progress updates and any new disposal schedules are expected to be disclosed going forward.