Notice Regarding Cancellation of Treasury Stock (Cancellation of Treasury Stock under Article 178 of the Companies Act)

Overview of Capital Policy

Itochu Shokuhin Co., Ltd. resolved at the Board of Directors meeting on April 28, 2026, to cancel treasury stock pursuant to Article 178 of the Companies Act. The cancellation targets all treasury stock held by the company as of May 21, 2026, amounting to 33,232 shares. This cancellation is conditional upon the effectiveness of the share transfer request by Itochu Corporation, and will be executed at the reference date immediately before Itochu Corporation acquires all ordinary shares of the company.

Impact on Shareholders and Future Outlook

The cancellation of treasury stock is expected to reduce the proportion of treasury stock relative to the total number of issued shares, thereby mitigating shareholder value dilution. Although specific details on the use of funds or financial impact related to the cancellation are not provided, it is considered part of a capital reorganization prior to Itochu Corporation’s complete acquisition of shares. Further announcements regarding shareholder composition and capital policy may follow.