Notice Regarding Disposal of Treasury Stock as Restricted Stock Compensation for Directors and Executive Officers

Overview of Capital Policy

Nippon Electric Glass Co., Ltd. resolved at the board meeting on April 27, 2026, to dispose of 8,700 treasury shares as restricted stock compensation to 3 directors and 14 executive officers. The disposal price is 6,441 yen per share, with a total disposal value of 56,036,700 yen. This disposal is based on the restricted stock compensation plan approved at the shareholders’ meeting on March 28, 2019, aiming for sustained enhancement of corporate value and shared value with shareholders. The number of shares disposed represents 0.01% of the total outstanding shares, and the dilution rate is considered negligible.

Impact on Shareholders and Details of Transfer Restrictions

Restricted shares prohibit transfer or pledge from allocation date until the officer resigns or retires. The removal of transfer restrictions is conditional on directors holding office continuously during the annual shareholders’ meeting period, and executive officers holding office continuously during the relevant fiscal year. In cases of death or resignation for justifiable reasons, partial removal is applied. Shares not released from restrictions at period end will be repurchased by the company without compensation. Special provisions for lifting transfer restrictions are also established in the event of organizational restructuring.