CEL Expands Equity Incentive Program to All Employees

TOKYO, Jul 17 (Pulse News Wire) – CEL Corporation (5078.T) announced today that its board of directors has decided to expand its equity incentive program, known as the Share Grant Trust (J-ESOP), to cover all employees within the CEL Group, including those in subsidiaries. Originally introduced in 2025 for management-level staff, the program now includes all employees to align their interests more closely with shareholder value.

Under the expanded plan, employees will earn points based on performance and position, which can be redeemed for shares of CEL stock or cash equivalent to the share's market price once certain conditions are met. The trust, established through Mizuho Trust Bank and managed separately as part of the trust property, will acquire shares either through exchange markets or by accepting the company’s own share repurchases. Key details of the expanded J-ESOP include: - The program was formalized via amendments to the Employee Share Grant Regulations and the establishment of similar regulations in participating subsidiaries.

- A monetary trust was set up with Mizuho Trust Bank (with Nippon Custodian Bank as the re-trustee) to pre-acquire shares for future grants. - The trust agreement was signed on February 10, 2025. - The trust period began on February 10, 2025 and continues indefinitely until the program ends.

This expansion aims to foster a stronger commitment among all employees towards increasing corporate value and long-term growth.