This is an unofficial translation. In the event of any discrepancy between the original
Japanese text and this English translation, the Japanese text shall prevail.

September 2, 2024
To whom it may concern
Company name: AVANT GROUP CORPORATIONName of Representative: Tetsuji Morikawa,
President and Group CEO(Code: 3836, TSE Prime Market)
Inquiries: Naoyoshi Kasuga, Director and Group CFO(TEL:03-6388-6739)

Notice Revision of Performance-Linked Stock Compensation Plan for Directors

The Board of Directors of AVANT GROUP resolved today to revise the performance-linked sharecompensation plan introduced for the Company's directors (excluding directors who are membersof the Audit Committee and outside directors, as described below). The Board of Directors of theCompany resolved at its meeting held today to change the performance-linked sharecompensation plan introduced for the Company's Directors (excluding Directors who are membersof the Audit Committee and Outside Directors as described below) to a performance-linked sharecompensation plan (the ‘Plan’) under which the Company shares with restrictions on transfer aregranted using a trust. AVANT GROUP has resolved to change the performance-linked sharecompensation plan to a performance-linked share compensation plan under which the Company'sshares are granted with transfer restrictions using a trust (hereinafter referred to as the ‘Plan’),and to submit a proposal for this to the 28th Annual General Meeting of Shareholders to be heldon 25 September 2024 (hereinafter referred to as the ‘General Meeting’). The following is anannouncement of the resolution.
Notes
1. Revision of Performance-Linked Stock Compensation Plan
AVANT GROUP has decided to introduce a new medium-term performance-linked sharebased compensation system for directors, excluding members of the Audit Committee andoutside directors (hereinafter referred to as ‘eligible directors’). The 27th Ordinary General
Meeting of Shareholders of the Company held on 27 September 2023 approved the followingchanges to the medium-term performance-linked share-based compensation system fordirectors, excluding members of the Audit Committee and outside directors (‘SubjectDirectors’): the annual amount of monetary compensation claims to be paid shall not exceed¥100,000 thousand, the annual number of shares to be delivered shall not exceed 60,000 shares
per director per year and the total annual number of shares to be delivered by all SubjectDirectors shall not exceed 100,000 shares. (Hereafter, the resolution passed at the above
General Meeting of Shareholders is referred to as the ‘Original Resolution’ and the performancelinked share-based compensation system based on the Original Resolution is referred to as the‘Original System’). .
This proposal, while maintaining the substance of the amount to be paid per financial year
and the number of shares to be delivered to eligible directors approved by the OriginalResolution, will replace the Original System with a plan whereby shares will be delivered todirectors from the trust assets of a trust established by the Company, as described in 2 below,
and whereby shares to be delivered to eligible directors will (The performance-linked sharecompensation plan under this proposal is hereinafter referred to as the ‘Plan’ and the details of
the Plan are proposed to be left to the Board of Directors within the following scope). . Thismeans that directors will not be able to buy or sell the shares delivered to them until they retire
from office, allowing them to work on their incentives to increase corporate value for a longer
period of time, including the period after the shares have been delivered.
The change to this system is subject to approval by the Shareholders' Meeting.
2. Overview of the Plan
(1) Structure of the Plan
"The Plan is a stock-based compensation plan under which a trust established by theCompany with monetary contributions (hereinafter referred to as the" "Trust" ") acquires theCompany's ordinary stocks (hereinafter referred to as the" "Company's Stocks" "), and theCompany's Stocks in the number equivalent to the number of points granted to each Director
by the Company are delivered to each Director through the Trust (provided, however, that, as
described in 3. below, the Company shall impose transfer restrictions on such stocks byconcluding a transfer restriction agreement between the Company and each Director)."In principle, the Company's stocks are delivered to Directors at a certain time in each businessyear during the trust period.

<Outline of the structure of the System>【Trustor】②Establishment of trust <third party benefit trust>

AVANT Group

Stock market③Purchase prices③Purchase of shares【Settlor】
Sumitomo Mitsui Trust Bank
(Re-trustee: Custody Bank of Japan)⑤Granting of①Establishment of Share

Share delivery trustpoints

Delivery Rules

SharesMoney②Restriction on transfer
restriction agreements④Instructions to exercise voting rights⑥Saresk

Trust administrator【Beneficiaries】
Directors① AVANT GROUP will establish stock delivery regulations for directors.
② AVANT GROUP establishes a stock delivery trust (third party benefit trust) with Directors
as beneficiaries (the Trust). At that time, AVANT GROUP will entrust the trustee with anamount of money equivalent to the funds for the acquisition of stocks (however, within theamount approved by the General Meeting of Shareholders).
③ The trustee acquires a considerable number of the Company's stocks that are expected to
be delivered in the future in a lump sum (by disposing of treasury stocks or by acquiringthem from the stock exchange market (including after-hours trading)). ).
④ AVANT GROUP appoints a trust administrator (a person who is independent of theCompany and its officers) who protects the interests of beneficiaries subject to the Stock
Delivery Regulations and supervises the trustee throughout the trust period. With respect
to the Company's stocks held in the Trust, the trust administrator shall instruct the trustee
not to exercise voting rights, and the trustee shall not exercise voting rights throughout thetrust period in accordance with such instruction.
⑤ AVANT GROUP will grant points to Directors in accordance with the Stock DeliveryRegulations.
⑥ Directors who satisfy the requirements set forth in the Stock Delivery Regulations and thetrust agreement pertaining to the Trust shall, as beneficiaries of the Trust, receive from thetrustee the delivery of the Company's stocks in accordance with the points granted.
⑦ With respect to the Company's stocks delivered, a transfer restriction agreement will beconcluded between the Company and the director in question for a transfer restriction
period from the date of delivery to the date of retirement from the position of director ofthe Company.

Of the residual assets of the Trust at the time of the termination of the Trust, the Company
plans to acquire all of the Company's stocks free of charge and cancel them by a resolution

of the Board of Directors.
In addition, the Company plans to donate a certain amount of money among the residual
assets of the Trust at the time of the termination of the Trust to a specified public interest
corporation that has no interest in the Company's directors, in accordance with theprovisions of the Stock Delivery Regulations and the trust agreement in advance.
Sumitomo Mitsui Trust Bank, Limited, which will be the trustee under the System, willentrust (re-entrust) the management of the trust property to Japan Custody Bank, Ltd.

(2) Establishment of Trust
Subject to the approval of the introduction of the Plan at the General Meeting ofShareholders, the Company will establish the Trust by contributing the funds necessary for
the Trust to acquire the number of the Company's stocks reasonably expected to be required
for the Delivery in accordance with (6) below in advance for a certain period of time. As
described in (5) below, the Trust will acquire the Company's stocks using the funds
contributed by the Company.
Sumitomo Mitsui Trust Bank, Limited, which will be the trustee under the System, willentrust (re-entrust) the management of the trust property to Japan Custody Bank, Ltd.

(3) Trust period
The trust period shall be approximately four years from November 2024 (scheduled) toDecember 2028 (scheduled). However, the trust period may be extended as described in (4)below.

(4) Maximum amount of trust money to be contributed to the Trust as funds to acquire stocks
During the Plan Period, the Company will contribute up to a total of 400,000,000 yen ascompensation for Directors who are in office during the Plan Period as funds for acquiring
the Company's stocks necessary for delivering the Company's stocks to Directors under thePlan, and establish the Trust with Directors who satisfy certain requirements as beneficiaries.
The Trust will acquire the Company's stocks using the money entrusted by the Company as
the source of funds by way of receiving treasury stocks from the Company or by way ofacquiring them from the stock exchange market (including after-hours trading).
Note: The actual amount of money to be entrusted by the Company to the Trust is the totalof the estimated amount of necessary expenses such as trust fees and trust
administrator fees in addition to the funds for acquiring the Company's stocks
described above.

The Company's Board of Directors may decide to extend the Applicable Period for a period
not exceeding five (5) business years on a case-by-case basis, and in conjunction with this,the Company may extend the trust period of the Trust (including substantially extending thetrust period by transferring the trust property of the Trust to a trust established by theCompany for the same purpose as the Trust; the same shall apply hereinafter) and continue
the Plan. In this case, the Company will additionally contribute to the Trust the amount ofmoney up to the amount calculated by multiplying the number of business years during theApplicable Period of the extension by 100,000 thousand yen as funds for the additional
acquisition of the Company's stocks necessary to be delivered to Directors under the Plan
during the Applicable Period of the extension, and continue to grant points and deliver theCompany's stocks as described in (6) below.

(5) Method of acquisition of the Company's stocks by the Trust
The initial acquisition of the Company's stocks by the Trust is planned to be by the disposal oftreasury stocks from the Company or from the stock exchange market within the upper limitof the funds for acquiring stocks as described in (4) above. The details of the method ofacquisition will be decided and disclosed after the resolution of the General Meeting ofShareholders.
During the trust period, if there is a possibility that the number of the Company's stocks in theTrust will fall short of the number of stocks corresponding to the number of points to begranted to Directors during the trust period due to an increase in the number of Directors orother reasons, the Company may entrust additional money to the Trust and acquire additional
Company stocks within the upper limit of the trust money in (4) above.

(6) Calculation method and upper limit of the Company's stocks to be delivered to Directors(1) Method of granting points to Directors
AVANT GROUP shall grant points to each Director based on his / her position and thedegree of achievement of performance targets, etc. on the point granting date (in principle,each business year) specified in the Stock Delivery Regulations during the trust period, inaccordance with the Stock Delivery Regulations established by the Board of Directors of theCompany.
However, the total number of points granted by the Company to Directors shall not exceed
100,000 points per business year (however, 60000 points per Director).
The calculation method of the points granted to each Director during the initial Applicable
Period is as follows (provided, however, that if the total number of points calculated by thiscalculation method exceeds the upper limit of the total number of points mentioned above,
it will be adjusted by a method such as proration).
"The points to be granted to each Director shall consist of two parts: a part to grant points
at the end of the Evaluation Period on the condition that the Company's stock price has
increased from the beginning of the Evaluation Period (hereinafter referred to as" "Part I""); and a part to grant points calculated in accordance with the growth rate of theCompany's stock during the Evaluation Period (hereinafter referred to as" "Part II" ")." Theevaluation period for each part is from October of each year to September of the following
year. The outline of each part is as follows.
I) Part I
In Part I, the average closing price of the Company's stocks on the Tokyo Stock
Exchange for the month immediately preceding the month in which the Evaluation Period
begins is compared with the average closing price of the Company's stocks on the Tokyo
Stock Exchange for the month in which the Evaluation Period ends, and points aregranted on the condition that the latter exceeds the former.
Ii) Part II
Under Part II, the number of points to be granted to each Eligible Director after the endof the Evaluation Period shall be determined by multiplying the base amount by aperformance-linked coefficient determined in accordance with the growth rate of theCompany's stocks, which is a representative indicator of the Company's corporate value,and dividing the result by the unit price of the Company's stocks prescribed in the Stock
Delivery Regulations. The Company's stock growth rate is calculated by dividing theCompany's Total Shareholder Return (TSR) during the Evaluation Period by the growthrate of the Tokyo Stock Price Index (TOPIX) during the Evaluation Period.

(ii) Delivery of the Company's stocks in accordance with the number of points granted
Directors shall receive the Company's stocks according to the number of points granted in(1) above in accordance with the procedures in (3) below. One point is equivalent to one
stock of the Company. However, in the event that it is deemed reasonable to adjust thenumber of the Company's stocks per point for the Company's stocks, such as a stock split
or stock consolidation, the Company will make a reasonable adjustment in accordance withsuch stock split ratio or stock consolidation ratio.

(iii) Delivery of the Company's stocks to Directors
Each Director shall, in principle, acquire the beneficial interests of the Trust and receive thedelivery of the Company's stocks from the Trust each business year during the trust periodon the condition that he / she enters into a transfer restriction agreement with the Company
as described in 3. below and goes through other prescribed procedures.
However, if the Company's stocks in the Trust are converted into cash, such as in the casewhere the Company's stocks in the Trust are settled after the Company's stocks in the Trust
are tendered in the Tender Offer, the Company may deliver money (such converted amount)in lieu of the Company's stocks.

(7) Exercise of voting rights
The voting rights pertaining to the Company's stocks in the Trust shall not be exercised
uniformly in accordance with the instructions of the trust administrator who is independentof the Company and its officers. This method is intended to ensure the neutrality of theCompany's management regarding the exercise of voting rights pertaining to the Company'sstocks in the Trust.

(8) Treatment of dividends
Dividends on the Company's stocks held in the Trust will be received by the Trust and used
for the acquisition price of the Company's stocks, trust fees for the trustee of the Trust, etc.

(9) Treatment of the Company's stocks and money upon termination of the trust
Of the residual assets of the Trust at the time of the termination of the Trust, the Company
plans to acquire all of the Company's stocks free of charge and cancel them by a resolutionof the Board of Directors.
In addition, the Company plans to donate a certain amount of money among the residual
assets of the Trust at the time of the termination of the Trust to a specified public interest
corporation that has no interest in the Company's directors, in accordance with the provisionsof the Stock Delivery Regulations and the trust agreement in advance.

3. Transfer Restriction Agreement for the Company's Stocks to be Delivered to Directors
Upon the issuance of the Company's stocks under 2. (6) (ii) above, a transfer restriction
agreement shall be concluded between the Company and the Directors, and the content of theagreement shall include the following matters:① Directors shall not transfer, create a security interest on, or otherwise dispose of theCompany's stocks delivered under the Plan during the period from the day on which they
are delivered to the day on which they retire from the position of Director or Executive
Officer of the Company.

② AVANT GROUP may acquire the Company's stocks free of charge in the event of certain
events.
③ Conditions for cancellation of transfer restrictions set in advance by the Board of Directorsof the Company
However, if a Director retires due to the expiration of his / her term of office or other justifiablereasons by the date of the first Ordinary General Meeting of Shareholders held after the end of
the Applicable Period, ordinary stocks without restriction on transfer will be delivered for theCompany's stocks to be delivered on or after the date of retirement. In addition, a certain
proportion of the Company's stocks may be sold and converted into cash by the Trust for thepurpose of withholding the funds for tax payment such as withholding income tax, and may bedelivered in cash instead of the Company's stocks.

(Reference) Overview of the trust agreement for the TrustSettlor

AVANT Group Corporation

Trustee

Sumitomo Mitsui Trust Bank
(Re-trust: Custody Bank of Japan, Ltd.)

Beneficiary
Trust

Directors who satisfy the beneficiary requirements

Plan to select a third party that is independent of AVANT Group andadministrator

its officers

Exercise ofThroughout the period of the trust, the voting rights of the Shares held

voting rights

in the trust will be exercised by the Trustee based on instructions fromthe trust administrator.

Type of trust
Date of the trust

Trust of money other than “money trust” (third party benefit trust)
November 2024 (planned)

agreement
Term of theNovember 2024 - December 2028 (planned)

Trust
The purpose ofthe trust;

Delivery of the Company's stocks to beneficiaries in accordance with theStock Delivery Regulations

Ends