Notice Regarding Disposal of Treasury Stock as Restricted Stock Compensation

Overview of the Disposal

Chichibu Railway Co., Ltd. disposed of 3,432 shares of treasury stock based on the restricted stock compensation scheme resolved at the Board of Directors meeting on June 25, 2026. The total disposal amount was ¥7,207,200, and the disposal date was July 24, 2026. The purpose of this disposal is to enhance employee incentives and increase shareholder value. Specific methods and detailed conditions of the disposal have not been disclosed.

Impact on Shareholders and Future Outlook

This disposal of treasury stock is not expected to significantly change the total number of issued shares or the shareholder composition. The dilution effect from this disposal is considered limited. The company may continue to dispose of or repurchase treasury stock as part of shareholder return initiatives and employee incentive measures. The company is committed to pursuing appropriate capital policies and maximizing shareholder value.