NEW Cosmos Electric TO ISSUE RESTRICTED STOCK AS COMPENSATION

TOKYO, Jun 26 (Pulse News Wire) – NEW Cosmos Electric CO.,LTD. (6824.T) announced that at the board meeting held, it decided to issue restricted stock compensation to ten directors (excluding external directors).

The issuance will take place on July 24, 2026, involving the distribution of ordinary shares worth ¥4,685 per share, totaling ¥23.0 million. This move aims to enhance long-term motivation among directors through incentive programs and align their interests with shareholder value. The restricted stock will be subject to a holding period of 20 years, ending on July 23, 2046.

During this period, the directors cannot sell, pledge, or otherwise dispose of the shares without approval. In case of retirement due to reasons such as term expiration or reaching mandatory age limits, the restrictions will be lifted proportionally based on the tenure served. Additionally, the company will acquire any remaining restricted shares free of charge upon the completion of the restriction period or upon lifting of restrictions due to retirement.

The shares will be managed in dedicated accounts set up with Nomura Securities to ensure compliance with the restrictions.