Revision of Performance-Linked Stock Compensation Plan | May 22, 2026

Background and Overview of the Revision

ANA Holdings has resolved at the Board of Directors to revise its conventional performance-linked stock compensation plan "BBT" to a new plan "BBT-RS", which will involve the granting of restricted stocks. The revision is scheduled to be presented at the shareholders' meeting in June 2026. The new plan will grant restricted stocks with transfer restrictions from the tenure, aiming to enhance corporate value and promote long-term employee incentives. Eligible participants are directors and senior executive officers who do not concurrently serve as directors, acquiring stocks through trust, with transfer restrictions until their resignation. The plan also details point allocations and stock granting mechanisms to ensure transparency and support long-term corporate value enhancement.

Impact on Shareholders and Future Outlook

The introduction of the new plan is expected to strengthen the commitment of directors and executive officers to long-term corporate value. Since shares will be restricted from trading during the transfer restriction period, shareholder dilution will be minimized, thereby encouraging improved long-term performance by management. Following shareholder approval at the June 2026 meeting, detailed operational procedures and stock grants will commence. This initiative aligns with ANA Group’s medium-term management strategy to reinforce incentive systems, contributing to increased corporate value and maintaining employee motivation.