Notice Regarding Changes to the Shareholder Benefit Program

Overview of Changes to the Shareholder Benefit Program

Shinwa Co., Ltd. resolved at the Board of Directors meeting held on February 23, 2026, to revise the shareholder benefit program. The previous classification of shareholders with 100 shares or more but less than 1,000 shares was subdivided into two segments: 100 shares or more but less than 300 shares, and 300 shares or more but less than 1,000 shares. Shareholders holding 100 shares or more but less than 300 shares will receive 2 rice gift vouchers, those holding 300 shares or more but less than 1,000 shares will receive 6 rice gift vouchers, and shareholders holding 1,000 shares or more will continue to receive one 5kg bag of Uonuma Koshihikari rice. The criteria include a continuous holding period of at least one year and being consecutively listed in the shareholder register recorded at the end of February and the end of August for three times or more under the same shareholder number.

Effective Date and Impact on Shareholders

This change will be applied starting from shareholders registered or recorded in the shareholder register as of the record date at the end of August 2026. The intention is to offer more attractive benefits to a broader range of shareholders, promoting increased shareholding. In particular, the increased benefit for shareholders holding 300 shares or more but less than 1,000 shares is expected to enhance the investment appeal. The revision to the shareholder benefit program is part of our shareholder return initiatives and is expected to promote long-term shareholding.