Central Glass : Notice of Introduction of Equity Compensation Plan for Employees（120KB）

May 11, 2023

Central Glass Co., Ltd.

Note: This document is a translation of the Japanese original for reference purposes only. In case of any discrepancy between this translated document and the Japanese original, the original shall prevail. The Company assumes no responsibility for this translation or for direct, indirect or any other forms of damages arising from or in connection with the translation.

Notice of Introduction of Equity Compensation Plan for Employees

At the meeting of the Board of Directors held on May 11, 2023, Central Glass Co., Ltd. (The Company), resolved to introduce an equity compensation plan with a trust (the "Plan") for our employees ("Employees"), which is to be announced as follows. The Company also plans to introduce an equity compensation plan for employees of our subsidiary, Central Glass Products Co., Ltd., same as employees of the Company.

１．Purpose of Introducing the Plan

The purpose of this system is to enhance the Company's medium-tolong-term corporate value by

enhancing employee benefit programs and raising awareness of the Company's performance and stock price, thereby fostering a sense of participation in management.

２．Outline of the Plan

The Plan is a stock-based compensation plan under which a trust established through contributions of money (the "Trust") acquires shares of our company, and a number of shares of our company's stock is delivered to such employees through the Trust, which is equivalent to the number of points to be granted according to position, etc. for employees (but only for those who satisfy certain requirements).

In principle, the timing for employees to receive shares of the Company is at the time of retirement. There is no burden on employees as we will fully fund the acquisition of our shares by the Trust. Since the introduction of this system allows employees to enjoy economic benefits from the rise in the

stock price of our shares, we expect to have the effect of encouraging employees to perform their duties with an awareness of the stock price, as well as increasing employees' motivation to work.

We will announce the details of the acquisition (amount and acquisition method) of our shares in the Trust.

３．本信託について

（１）Trustor	The Company
（２）Trustee	Sumitomo Mitsui Trust Bank, Ltd.
	(Sub-trustee: Japan Custody Bank, Ltd.)
（３）Beneficiary	Our employees who satisfy the beneficiary requirements (in some cases,
	the employees of Central Glass Products Co., Ltd. may also be
	beneficiaries).
（４）Trust administrator	The Company plan to select independent third parties from the
	Company and our executives.
（５）Exercising voting right	The Trustee shall exercise its voting rights throughout the Trust Period
	in accordance with instructions from the Trust Administrator.
（６）Type of Trust	Money trusts other than money trusts (other profit trusts)
（７）Trust Contract Date	August 2023 (Planned)
（８）Term of Trust	August 2023-August 31, 2028 (Planned)
（９）Purpose of the trust	Delivery of Company shares to beneficiaries in accordance with the
	rules for the issuance of shares