Suncall TO ADD SHARES TO TRUST FOR EXECUTIVE COMPENSATION PLAN

TOKYO, Jul 17 (Pulse News Wire) – SUNCALL CORPORATION (5985.T) resolved to continue its performance-linked equity compensation plan for directors, which was introduced in March 2017. At a board meeting held today, the company also decided to deposit additional funds into the trust to facilitate further share acquisitions.

Under the existing plan, known as the "Director Equity Compensation Trust," SUNCALL will add ¥278 million to the trust on August 4, 2026. This move is aimed at acquiring up to 200,000 ordinary shares through the disposal of treasury stocks. The acquisition is scheduled to take place on the same day. The trust, managed independently by Sumitomo Mitsui Trust Bank Co., Ltd.

(with Nippon Custodian Bank Co., Ltd. as the re-deposit trustee), benefits directors who meet the eligibility criteria. The trust's duration is set to extend until the end of August 2028. During this period, voting rights associated with the shares within the trust will not be exercised.

For more details on the program’s structure and objectives, refer to the May 13, 2016, press release titled “Introduction of New Performance-Based Equity Compensation Plan for Directors.”.