Foster Electric Company, Limited
1-1-109 Tsutsujigaoka, Akishima City, Tokyo, Japan
Tel: +81(42) 546-2305
February 1, 2024

(Changes to disclosed item) Partial Changes to“Announcement on the Disposition of Treasury Shares by Third-party Allotment
in Conjunction with Additional Contribution to the Board Benefit Trust (BBT)”
Foster Electric Company, Limited (hereinafter “the Company”) hereby announces changes to its January 30,
2024 news release titled “Announcement on the Disposition of Treasury Shares by Third-party Allotment inConjunction with Additional Contribution to the Board Benefit Trust (BBT).”
1．Reasons for changes
Previously, at a meeting held on January 30, 2024, the Company’s Board of Directors resolved to disposeof treasury shares. However, due to a change in the posting period for corresponding electronic public
notices, the disposition date was changed on February 1, 2024. The Company also changed the disposition
price and total disposition value associated with this planned disposition of treasury shares.
A change notice concerning these changes has been submitted in accordance with the Financial
Instruments and Exchange Act.
2．Changes
Item
1. Outline of thedisposition

Prior to changesFollowing changes--(1) Disposition date

Wednesday, February 14, 2024

Friday, February 16, 2024

(3) Disposition price

1,102 yen per share

1,094 yen per share

69,426,000 yen

68,922,000 yen--

February 14, 2024

February 16, 2024

69,426,000 yen

68,922,000 yen

February 14, 2024

February 16, 2024

(4) Total dispositionvalue
2. Purpose and reason
for the disposition*Outline of theAdditional Trust
Date of theAdditional Trust
Additional TrustamountDate of shareacquisition

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Item

Prior to changes

Following changes

3. Basis for calculationof the disposition
price and specificdetails--First paragraphThird paragraph

The disposition price was set at 1,094 yen,which represents the closing price of theCompany’s common stock on the Tokyo
Stock Exchange on the business day
immediately preceding the date upon whichchanges were made (January 31, 2024) tothe Treasury Share Disposition.
The disposition price of 1,094 yen is
The disposition price of 1,102 yen is
equivalent to the average closing price ofequivalent to the average closing price of
1,079 yen (rounded down to the nearest
1,077 yen (rounded down to the nearestyen) over the one-month period ending onyen) over the one-month period ending on
the business day preceding the date upon
the business day preceding the date of thewhich changes were made (January 31,
Board of Directors’ resolution, multiplied2024), multiplied by 101.39%; the averageby 102.32%; the average closing price ofclosing price of 1,042 yen (rounded down to1,035 yen (rounded down to the nearest
the nearest yen) over the three-month periodyen) over the three-month period ending
ending on the said business day, multipliedon the said business day, multiplied byby 104.99%; and the average closing price106.47%; and the average closing price ofof 984 yen (rounded down to the nearest
981 yen (rounded down to the nearest yen)yen) over the six-month period ending onover the six-month period ending on thethe said business day, multiplied bysaid business day, multiplied by 112.33%.
111.18%.
The disposition price was set at 1,102 yen,which represents the closing price of theCompany’s common stock on the Tokyo
Stock Exchange on the business day
immediately preceding the date of theBoard of Directors’ resolution of theTreasury Share Disposition.

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