Nippon Electric Glass implements share-based remuneration plan

Nippon Electric Glass announced the implementation of a restricted share-based remuneration plan aimed at driving sustainable corporate value and shareholder alignment. The plan, approved in prior shareholder meetings, will apply to both executive officers and directors. As part of the initiative, the company will dispose of 11,100 of its common shares, valued at JPY3,564 per share, totaling JPY39,560,400. The shares will be allocated to three directors (7,600 shares) and fourteen executive officers (3,500 shares). The shares are subject to transfer restrictions tied to continued service within the company, with conditions for cancellation or acquisition by the company outlined in the allotment agreement. The plan aims to provide incentives for the sustainable improvement of the Company's corporate value and further promoting shared value with shareholders.