June 27, 2022
Company name: Enplas Corporation
Representative: Daisuke Yokota, President
Code No.: 6961, TSE Prime
Inquiries: Shigeya Fujita,
Member of the board, Executive Officer
Tel: 048-253-3131

Notice Concerning Disposal of Treasury Stock as Restricted Stock Remuneration

Enplas Corporation ("Enplas", Head Office: Saitama, President: Daisuke Yokota) hereby announces that at themeeting of the Board of Directors held on June 27, 2022, it resolved to dispose of treasury stock as restricted
stock remuneration (hereinafter referred to as “Disposal of Treasury Stock” or “Disposal”).

1. Overview of Disposal of Treasury Stock（1）Disposal dateJuly 15, 2022

（2）Class and number of shares to be

6,600 shares of common stock of the Company

disposed of（3）Disposal price

3,065 yen per share（4）Total value of share disposal

20,229,000 yen（5）Grantees of shares and number

Directors of the Board of the Company *1: 2 Directors, 1,600 shares

thereof; number of shares to be

Executive Officers of the Company: 3 Executive Officers, 1,800 sharesallotted

Other Employees: 8 Employees, 2,900 shares
Directors of Subsidiaries of the Company: 1 Directors, 300 shares*1 Excluding Directors who are Audit Committee Directors andOutside Directors（6）OtherThe Company has submitted a Securities Registration Statement basedon the Financial Instrument and Exchange Act for the Disposal ofTreasury Stock.

2. Purpose and Reasons for Disposal
At the meeting of the Board of Directors held on April 30, 2021, the Company resolved to introduce a restricted
stock remuneration system (hereinafter referred to as “the System”) to the Directors of the Company, excluding
Audit Committee Directors and Outside Directors (hereinafter referred to as “Applicable Directors”) in order toprovide an incentive to continuously improve the Company’s corporate value and to promote further shared value
with shareholders. At the 60th Annual Meeting of Shareholders held on June 23, 2021, the Company has acquired
approval on providing monetary remuneration claims to the Applicable Directors by granting restricted stock
based on the System within 30 million yen per year, outside the flamework of the existing monetary remuneration.

The Company also has acquired approval that the Company and its directors shall conclude the share allotment
agreement with restriction on transfer (hereinafter referred to as “the Allotment Agreement") including thefollowing contents in issuing or disposing of the Company’s common shares.
The outline of the System is as follows.
Outline of the System
The Applicable Directors shall pay out of all the monetary remuneration claims provided by the Company
according to the System, and shall, in return, receive the Company’s common shares that will be issued or
disposed of by the Company. The total number of common shares to be issued or disposed of by theCompany in the System (hereinafter referred to as “the Shares”) shall be 7,500 or less per year. The amountto be paid-in per share shall be decided at the Board of Directors to the extent that the amount is notparticularly favorable to the Applicable Directors who will receive the Company’s common shares, basedon the closing price of the Company’s common share on the Tokyo Stock Exchange on the business day
immediately preceding the date of the resolution of the Board of Directors (or, if no transaction is made on
the same day, the closing price of the immediately preceding business day.).
In addition, the issuance or disposal of the Shares shall be subject to the conclusion of the Allotment
Agreement including the following items between the Company and each Applicable Director who isscheduled to receive the allotment of the Shares:
1) The transfer of the Shares to a third party, the establishment of a security interest in the Shares, or any
other disposition of the Shares is prohibited for a certain period of time, and2) The Company shall acquire the Shares without consideration in the case where certain events occur, etc.
In addition, the Company resolved to grant the restricted stock for Executive Officers, Other Employees,
and some Directors of the Subsidiaries of the Company by the meeting the Board of Directors held today,
as follows.
The Company resolved, as the meeting of the Board of Directors held today, to grant monetary
remuneration receivables in a total amount of 20,229,000 yen (The amount of monetary remuneration
receivables invested in one offered share: 3,065 yen) and consequently dispose of 6,600 common shares(hereinafter referred to as “the Allotted Shares”) to 2 Directors, 3 Executive Officers, 8 otheremployees, and 1 Directors of subsidiaries of the Company (hereinafter referred to as “the EligiblePerson”), in consideration of the purpose of the System, the Company’s business performance, theextent of each Eligible Person’s job responsibility and various other factors.
Outline of Allotment Agreement for Restricted Stock
The Company conclude the Allotment Agreement with Eligible Person individually. The outline is asfollows.
(1) Transfer Restriction Period
The Eligible Person may not transfer, create securities interest over otherwise dispose of the AllottedShares during the period from July 15, 2022 (date of payment) to the date on which the Eligible Personloses his position as either an officer or employee of the Company or its subsidiaries.
(2) Conditions for Lifting Transfer Restriction
The restriction on the transfer of the Allotted Shares shall be lifted at the expiration of the transfer
restricted period, provided that the Eligible Person continuously holds any position as an officer oremployee of the Company or its subsidiaries from July 15, 2022 (date of payment) until the conclusionof the Annual Meeting of Shareholders for the fiscal year ending March 2023 (If the Eligible Person
is an Executive Officer, the period is from July 1, 2022 to the end of June 2023.

If the Eligible Person

is an employee (excluding an Executive Officer), the period is from April 1, 2022 to the end of March2023.

Hereinafter referred to as “the Period of Services Rendered”.).

However, if the Eligible

Person resigns all positions as an officer or employee of the Company or its subsidiaries during thePeriod of Services Rendered for death or reasons that the Board of Directors deems to be legitimate,
the transfer restrictions on the Allotted Shares shall be lifted as of the time immediately after theresignation. The Allotted Shares are calculated as follows: the number of months from July 2022 (Ifthe Eligible Person is an employee (excluding an Executive Officer), from April) to the monthincluding the day on which the Eligible Person resigns from the position as an officer or employee of
the Company or its subsidiaries, divided by 12 (provided that the number will be counted as 1 if thecalculation result exceeds 1), multiplied by the number of the Allotted Shares held by the Eligible
Person at that time (provided that a fraction of less than 1 share will be rounded down).
(3) Acquisition by the Company without Compensation
The Company shall, by rights, acquire the Allotted Shares without compensation for which transfer
restriction has not been lifted at the time of expiration of the transfer restriction period andpredetermined the time specified in the Allotment Agreement.
(4) Management of Shares
The Allotted Shares shall be managed in dedicated accounts opened by the Eligible Person at Daiwa
Securities Co., Ltd. during the restricted transfer period so that they may not be transferred, secured orotherwise disposed of during the restricted transfer period.
(5) Treatment upon Reorganization, etc.
In the event that a proposal for a merger agreement in which the Company would be the mergedcompany, or a share exchange agreement or share transfer plan in which the Company would becomea wholly owned subsidiary of another company, or other matters concerning reorganization, etc., hasbeen approved at a general meeting of shareholders of the Company (or by the Company’s Board ofDirectors if approval for said reorganization, etc., at the general meeting of shareholders is notrequired) during the transfer restriction period, the relevant transfer restriction on all of the Allotted
Shares held at that time will be lifted, based on the resolution of the Board of Directors, as of theimmediately preceding business day of the effective date of the reorganization, etc.
3. Basis of Calculation and Specific Details of Payment AmountThe Disposal of Treasury Stock shall be implemented by using monetary remuneration receivables provided toallottees based on the Plan, as property contributed in kind. To eliminate any arbitrariness in the disposal price,
the closing price for common stock of the Company on June 24, 2022 (the business day immediately precedingthe date of resolution by the Board of Directors) on Tokyo Stock Exchange of 3,065 yen is used as the disposal
price. In cases where there are no special circumstances indicating that the latest share price of the Company
may not be relied on, this price is deemed to be rational as it appropriately reflects the Company’s corporate
value and not to be particularly favorable to Eligible Officers because it is the share price on the market on theday immediately preceding the date of resolution by the Board of Directors. Directors of the Company shallcontribute all monetary remuneration receivables provided by the Company as properties contributed in kind andshall receive the Company’s common stock that shall be issued or disposed of.
Notice:1. The official version of this announcement was published in Japanese. An unofficial English translation is provided for theconvenience of overseas investors. For any discrepancies between the Japanese and English versions, the Japanese version shall prevail.