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Share Issuance and Disposal6824NEW COSMOS ELECTRIC CO.,LTD.Electrical Equipment and Precision Instruments

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

The Company resolved to dispose of 4,900 treasury shares to 10 directors, excluding outside directors, as restricted stock compensation. The shares will be subject to transfer restrictions for 20 years from 24 July 2026.

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Neutral
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Scale
4900
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much4,900Shares

4,900 common shares of the Company (treasury shares)

10 directors, excluding outside directors4,900 shares

The lower thin line represents the existing number of shares to which these shares will be added.

¥4,685 per share
Total issue value

¥22,956,500

Amount of funds to be raised
Total payment amount: ¥22,956,500 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥22,956,500
Conditions on transfer restrictions

Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.

Transfer restriction period
From 24 July 2026 to 23 July 2046 (20 years)
Conditions for lifting transfer restrictions
Provided that the eligible director continuously holds the position of director of the Company throughout the transfer restriction period, all transfer restrictions will be lifted upon expiration of the transfer restriction period. If the director leaves office upon expiration of the term, death, reaching retirement age, or for another legitimate reason, some or all of the transfer restrictions will be lifted in proportion to the period of service.
Reason for acquisition without consideration
The Company will acquire without consideration any of the shares subject to this allotment for which the transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the date on which the transfer restrictions are lifted.
Categories and Number of Persons Covered
10 directors, excluding outside directors; 4,900 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of.
Payment date
24 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Standard Market of the Tokyo Stock Exchange on 25 June 2026, which was ¥4,685. No discount or premium rate was stated.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock compensation
Number of shares to be issued or disposed of4,900 common shares of the Company (treasury shares)
Issue price and disposal price¥4,685 per share
Total issue value¥22,956,500
Amount of funds to be raisedTotal payment amount: ¥22,956,500 (estimated net proceeds: Not disclosed)
Payment date24 July 2026
Intended allotteeName 10 directors, excluding outside directors / Number of Shares 4,900 shares
Intended allottee's holding policyDuring the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of.
Basis for determining the amount to be paidThe closing price of the Company's common shares on the Standard Market of the Tokyo Stock Exchange on 25 June 2026, which was ¥4,685. No discount or premium rate was stated.
Transfer restriction periodFrom 24 July 2026 to 23 July 2046 (20 years)
Conditions for lifting transfer restrictionsProvided that the eligible director continuously holds the position of director of the Company throughout the transfer restriction period, all transfer restrictions will be lifted upon expiration of the transfer restriction period. If the director leaves office upon expiration of the term, death, reaching retirement age, or for another legitimate reason, some or all of the transfer restrictions will be lifted in proportion to the period of service.
Reason for acquisition without considerationThe Company will acquire without consideration any of the shares subject to this allotment for which the transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the date on which the transfer restrictions are lifted.
Categories and Number of Persons Covered10 directors, excluding outside directors; 4,900 shares
Total Stock-Based CompensationTotal monetary compensation receivables: ¥22,956,500
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The purpose is to provide medium- to long-term incentives, share value with shareholders, and further enhance the motivation of the eligible directors.

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | NEW COSMOS ELECTRIC CO.,LTD. (6824) timely disclosure | Komori