Notice on the Introduction of an Employee Stock Benefit Trust for Executive Employees Hired as Employees

Overview of the制度 introduction

We announced a board resolution to establish a new employee stock benefit trust for executive employees hired as employees. The trust is funded with cash and acquires our shares to be managed as trust assets. Beneficiaries who meet specified requirements will receive shares and cash equivalent based on share value, with points awarded according to performance achieved under the stock benefit regulations. Voting rights are exercised in accordance with the trust administrator's instructions. The trust is ongoing, and further contributions may be made if beneficiary criteria are met.

Practical aspects and impact of the trust

The introduction of this system is expected to align executives’ incentives with stock price appreciation and enhanced corporate performance. In the trust contract, Resona Bank serves as the trust administrator, with Resona Bank and Japan Custody Bank acting as sub-trustees. The planned start date is August 17, 2026, with a total acquisition of 15,000 shares and acquisition funds of 7,500 thousand yen (7,500,000 yen).