Notice Regarding Disposal of Treasury Stock as Restricted Stock Compensation

Overview of Treasury Stock Disposal

Hoshizaki Corporation resolved at the board meeting on April 16, 2026, to dispose of 30,500 shares of treasury stock at 5,265 yen per share, totaling 160,582,500 yen, under the restricted stock compensation plan. The disposal date is set as May 15, 2026, targeting 56 individuals including the company's directors, executive officers, and directors of wholly owned subsidiaries and affiliated companies. The restriction period on transfer is set for a long term of 30 years, aiming to share shareholder value and promote sustainable enhancement of corporate value.

Details and Purpose of the Restricted Stock Compensation Plan

This plan, introduced in 2018, aims to provide incentives to the eligible directors and share shareholder value. Eligible individuals contribute monetary claims in kind to acquire shares, which are subject to transfer restrictions prohibiting transfer and pledge during the restriction period. Release of transfer restrictions is conditional upon the individual maintaining certain positions, with partial release upon resignation. Treatment during organizational restructuring is also established, ensuring transparency and rationality of the system.