Sun-Wa Technos Completes Restricted Share Issuance to Executives and Employees

TOKYO, Jul 24 (Pulse News Wire) – SUN-WA TECHNOS CORPORATION (8137.T) completed the issuance of restricted shares to its directors, executive officers, and employees as decided during the June 26 board meeting. The issuance involved ordinary shares totaling 73,000.

Each share was priced at ¥3,700, resulting in a total amount of ¥270.1 million. The shares were allocated as follows: five directors (51,600), eight executive officers (17,200 shares), and seven employees (4,200).

Directors who serve as audit committee members or outside directors were excluded from the allocation. Additionally, the company submitted a temporary report pursuant to the Financial Instruments and Exchange Act concerning this self-share issuance.

This completes the detailed distribution process initiated on July 24, adhering to the previously disclosed plan outlined in the June 26 notice.