Notice on the Revision of Directors’ Remuneration, Revision of the Restricted Stock Compensation Plan for Directors, and Introduction of a Performance-Linked Restricted Stock Compensation Plan

Regarding Revision of Directors' Remuneration

Yonex Co., Ltd. resolved at the Board of Directors meeting on April 22, 2026, to revise the basic remuneration for directors to within JPY 250 million per year (up to JPY 50 million for outside directors). This revision updates the cap on basic remuneration approved at the shareholders' meeting in June 2023, while the cap on performance-linked bonuses remains unchanged. The number of directors is planned to increase from the current 7 to 8 (outside directors from 3 to 4).

Regarding Revision of the Restricted Stock Compensation Plan and Introduction of New Plan

The existing restricted stock compensation plan (RS Plan) will be revised to include outside directors as recipients and to add a method of free grant for stock allocation. The cap on remuneration for the RS Plan will be within JPY 40 million per year (up to JPY 10 million for outside directors), with issuance capped at 20,000 shares per year (up to 5,000 shares for outside directors). Furthermore, a new performance-linked restricted stock compensation plan (PSU Plan) will be introduced, under which stock compensation linked to performance evaluation will be granted to directors (excluding outside directors). The cap on remuneration for the PSU Plan will be within JPY 60 million per year, with the issuance capped at 30,000 shares per year. These changes are subject to approval at the shareholders' meeting on June 24, 2026.