Alpen to acquire own shares via trust to boost governance

Alpen Co., Ltd. announced on December 25, 2025, the establishment of an Impact Neutralization Trust. This trust will acquire Alpen shares through off-floor trading (ToSTNeT-2) on the Tokyo Stock Exchange. The primary objective is to strengthen corporate governance by diversifying shareholders and improving the company's free float ratio, thereby mitigating potential market supply and demand deterioration resulting from major shareholder sales.

The trust will place a purchase order for up to 2,500,000 common shares of Alpen via ToSTNeT-2 between 8:20 a.m. and 8:45 a.m. on December 26, 2025. The acquisition will be based on the December 25, 2025 closing price of 2,378 yen per share. This represents approximately 6.48% of Alpen's total issued shares, excluding treasury stock.

Transaction results will be disclosed after completion, with the understanding that not all planned purchases may be executed depending on market conditions and the trust's objectives. The "Stock Supply-Demand Buffer Trust" is a registered trademark of Nomura Securities Co., Ltd.