Share Buyback with Transfer Restrictions｜July 10, 2026

Overview of Capital Policy

Chubu Steel Plate has resolved to dispose of treasury stock to allocate 12,424 shares of common stock to six directors under the restricted stock compensation system. The disposal date is July 10, 2026, and the disposal price is set at ¥1,946 per share, determined based on the market stock price. This system aims to promote long-term stock price appreciation and enhance corporate value, aligning the interests of shareholders and directors. The disposal price is rationally linked to market prices.

Impact on Shareholders and Future Outlook

This share buyback process does not cause stock dilution and is designed to encourage long-term stock price growth. The disposed shares are restricted from transfer or disposal during the transfer restriction period (from July 10, 2026, to July 9, 2056), demonstrating the directors' long-term commitment to corporate value. Ongoing monitoring of the system’s implementation and potential additional capital policies is necessary, but this measure aims to balance shareholder interests with corporate growth strategies.