TSUGAMI CHINA (01651) Grants a Total of 270,600 Reward Shares

Stock News03-06

TSUGAMI CHINA (01651) announced that on March 6, 2026, the Board of Directors, following the recommendation of the Remuneration Committee, resolved to grant a total of 270,600 reward shares at zero cost to 56 grantees under the Share Reward Scheme. These shares are existing shares held by the trustee, which were acquired from the secondary market using internal resources provided by the Company to the trustee. The grant is conditional upon acceptance by the grantees. On March 6, 2026, the Board also resolved to amend the relevant rules of the plan to stipulate that grantees are entitled to receive an amount equivalent to any dividends declared by the Company on these reward shares before they vest.

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