Note: This document has been translated from the Japanese original for reference purpose only. In the eventof any discrepancy between this translated document and the Japanese original, the original shall prevail.

March 27, 2024
Company name:Name of representative:

Inquiries:

FINDEX Inc.
Teruo Aibara, President & CEO(Securities code: 3649; PRIMEMarket)
Takashi Murakami, Finance &Investor Relations, Business Strategy(Telephone: +81-3-6271-8958)

Notice Regarding Disposal of Treasury Stock as Restricted Stock Compensation
FINDEX Inc. (“The Company”), hereby announces that at the meeting of the Board of Directors held on April 14,2023, its Board of Directors resolved to dispose of the Company's treasury stock as restricted stock compensation(hereinafter the “Disposal of Treasury Stock” or “Disposal”) as follows.
1. Overview of the Disposal(1) Disposal date(2) Class and number of shares subject to Disposal(3) Disposal price(4) Total value of Disposal(5) Allottees of shares and number thereof; numberof shares to be allottedApril 12, 2024
10,855 shares of common stock of the Company
JPY 1,105 per share
JPY 11,994,775
Directors of the Company (excluding Directors who arethe member of the Audit & Supervisory Committee, andOutside Directors):
3 Directors, 5,427 shares
Executive Officers of the Company:
4 Executive Officers, 5,428 shares

2. Purpose and Reasons for Disposal
On February 13, 2023, as disclosed on the ”Notice of Introduction of a Restricted Stock Compensation Plan”,
the Company's Board of Directors resolved to introduce a Restricted Stock Compensation Plan (hereinafter the“Plan”) for its directors (excluding Directors who are Audit & Supervisory Committee Members and OutsideDirectors) and Executive Officers (hereinafter "Allottees") in order to provide an incentive to sustainably
improve the Company's corporate value and to further promote the sharing of values between the directors andthe shareholders. Taking into consideration the purpose of the Plan, the Company's business performance, andother various circumstances, the Company has now resolved, by resolution of the Board of Directors meeting
held today, to grant monetary compensation claims (hereinafter referred to as the "Monetary Compensation
Claims") of JPY11,994,775 to the seven (7) Allottees. In addition, at the Board of Directors' meeting held today,
the Company resolved to dispose of 10,855 shares of the Company's common stock (the "Allotted Shares") by
having the seven (7) Allottees to whom the stock is scheduled to be allotted transfer all of the monetarycompensation claims as property contributed in kind based on this plan.
＜Summary of the Allotment Agreement＞
The Company will execute individual restricted stock allotment agreements with the Allottees, the summary ofwhich is as follows.
(1) Transfer Restriction Period
From April 12, 2024 to June 30, 2027
The Allottee shall not transfer, create a security interest in, lifetime gifting, or otherwise dispose of the AllottedShares during the Restricted Transfer Period stipulated above.

(2) Termination of the Transfer Restrictions
The Company shall terminate the Transfer Restrictions for all Allotted Shares upon the expiration of theTransfer Restriction Period, provided that the Allottee in question continuously held a Director, an Officer or anemployee Post of the Company or its subsidiary during the Transfer Restriction Period.
However, if the allottee retires or resigns for justifiable reasons or due to death before the expiration of theRestriction Period, the Transfer Restriction will be terminated with respect to the number of shares obtained by
dividing the number of months from the month including the payment date to the month including the date ofretirement or resignation by 36 (if the calculated value exceeds 1, the value shall be 1), multiplied by the numberof the Allotted Shares held by the allottee as of such date (any fraction of a share resulting from the calculation
shall be rounded down).
(3) Acquisition without compensation event
The Company shall, as a matter of course, acquire Allotted Shares for which the Transfer Restrictions have notbeen terminated pursuant to (2) above at the time of expiration of the Transfer Restriction Period withoutcompensation.
(4) Procedure in the event of organizational restructuring, etc.
Notwithstanding the provisions of (1) above, if a merger agreement in which the Company will be theabsorbed company, a share exchange agreement or a share transfer plan in which the Company will become awholly owned subsidiary, or any other matter related to organizational restructuring or the like is approved at theCompany's General Meeting of Shareholders (or by the Board of Directors of the Company, where suchorganizational restructuring or the like does not require approval of the General Meeting of Shareholders of theCompany) during the Transfer Restriction Period, the Company shall, by resolution of the Board of Directors ofthe Company, terminate the Transfer Restrictions for the number of shares calculated by dividing the number ofmonths from the month following the month containing the date of the Ordinary General Meeting ofShareholders immediately preceding the payment date to the month containing the date of such approval(hereinafter the date of approval of the reorganization, etc.) by 36 (if the calculated value exceeds 1, the valueshall be 1), multiplied by the number of the Allotted Shares held by the Allottees on the date of approval of thereorganization, etc., prior to the business day before the effective date of such organizational restructuring or thelike (any fraction of a share resulting from the calculation shall be rounded down).
In such case, immediately subsequent to the termination of the Transfer Restrictions, the Company shall, as amatter of course, acquire Allotted Shares for which the Transfer Restrictions have not been terminated withoutcompensation.
(5) Administration of shares
Each of the Allottee shall open a dedicated account with Mizuho Securities Co., Ltd. to enter or record theAllotted Shares in a manner designated by the Company, and shall keep and administer all of the Allotted Sharesin such dedicated account until the Transfer Restriction is terminated.
3. Basis of Calculating the Amount to be Paid in for Allotted Shares and Other Specific Details
The Disposal price for this Disposal of Treasury Stock is set at JPY1,105, which is the closing price of theCompany's common stock on the Tokyo Stock Exchange on the business day before the date of the Board ofDirectors resolution (March 26, 2024), in order to eliminate any arbitrariness. As this is the market price of theday prior to the day of resolution of the Board of Directors, the Company believes that this is reasonable anddoes not represent a particularly advantageous price.