Completion of New Share Issuance with Transfer Restrictions | July 2026

Overview of Capital Policy

White Copper Corporation completed the issuance of new shares as share award with transfer restrictions, as resolved at the Board of Directors meeting on June 24, 2026. The issuance was made to 3 directors and 1 employee, totaling 4,557 shares. The issue price was 3,520 yen per share, with a total of 16,040,640 yen. As a result, shareholder dilution is limited, and the measure aims to enhance incentives for officers and employees.

Future Outlook and Impact on Shareholders

This issuance of new shares is a strategy to motivate officers and employees to improve performance while minimizing dilution of shareholder value. The payment completion maintains the capital base and is expected to support future business development and medium- to long-term growth strategies. For investors, the key points are the strengthening of management incentives and the limited dilution of shares.