Notice Regarding Completion of Payment for Disposal of Treasury Stock as Restricted Stock Under the Restricted Stock Compensation Plan for Our Directors, etc.

Overview of Disposal

Based on the resolution of the Board of Directors on March 26, 2026, KITZ Corporation implemented disposal of treasury stock as restricted stock under the Restricted Stock Compensation Plan, with payment procedures completed on April 23, 2026. The number of shares disposed was 54,159 shares, the disposal price per share was 1,839 yen, totaling 99,598,401 yen. Allocations were as follows: 22,762 shares to 9 company directors, 15,231 shares to 6 executive officers, 4,374 shares to 6 executive managers, and 11,792 shares to 23 subsidiary directors.

Impact on Shareholders and Management

This disposal is part of the incentive grant under the Restricted Stock Compensation Plan for directors, executive officers, executive managers, and subsidiary directors. It is expected to strengthen the management’s commitment to enhancing corporate value. There is no description of changes in number of shares or dilution, and direct significant impact on shareholder composition is unknown.