Chubu Shiryo TO ISSUE RESTRICTED STOCK AS COMPENSATION

TOKYO, Jun 25 (Pulse News Wire) – Chubu Shiryo CO.,LTD. (2053.NG) resolved to issue restricted stock compensation to six executives on June 25, 2026.

The company will distribute ordinary shares totaling 9,900 on July 21, 2026 at a price of ¥1,839 per share, amounting to a total value of ¥18.2 million. The recipients include three directors and three senior executive officers. Under the restricted stock compensation program introduced in April 2021, eligible executives receive stock grants subject to vesting conditions tied to their continued service. The restrictions on these shares will last until July 21, 2076, with partial lifting upon retirement due to normal reasons such as term expiration or age limits.

In case of termination during the restriction period, the company will acquire the unvested shares free of charge. The issuance price was determined based on the closing price of Chubu Shiryō's ordinary shares on the Tokyo Stock Exchange Prime Market on June 24, 2026, which was set at ¥1,839. This ensures fairness and avoids preferential pricing. The shares will be managed through a dedicated account at Nomura Securities to enforce the restrictions effectively.