ENGLISH TRANSLATION OF JAPANESE-LANGUAGE DOCUMENT
This is a translation of the original Japanese-language document and is provided for convenience only.
In the event of any discrepancy between this translated document and Japanese original, the original shall prevail.

September 17, 2024
To whom it may concern:
Company Name:
Representative:
Inquiries:

TAIYO HOLDINGS CO., LTD.
Eiji Sato, President and CEO(Code: 4626, Listed on Prime
Market of Tokyo Stock Exchange)
Sayaka Tomioka, Managing
Executive Officer, CFO
Tel: +81-3-5953-5200 (main line)

Notice Regarding an Additional Financial Contribution to the ESOP Trust
Taiyo Holdings Co., Ltd. (hereinafter “Taiyo Holdings”) hereby announces that at the Board of Directors meeting
held on September 17, 2024, it resolved an additional financial contribution to the Employee Stock Ownership Plan
Trust (hereinafter the “ESOP Trust”), an incentive plan introduced in May 2014.
1. Purpose of the ESOP Trust
The ESOP Trust is an incentive plan to deliver shares of Taiyo Holdings to its employees who satisfy certain
beneficiary requirements (hereinafter “Eligible Employees”) based on predetermined stock delivery rules. Taiyo
Holdings introduced the ESOP Trust for the purpose of fostering a sense of belonging in its employees and awarenessof their participation in management. Taiyo Holdings believes that this will increase employee motivations towards
long-term business performance and share price growth, while simultaneously facilitating the improvement ofcorporate value over the medium to long term.
2. Outline of the ESOP Trust
ESOPs are common forms of employee ownership in the US. By adopting the ESOP model, a company can offer agreater amount of stock compensation to its employees.
Under the ESOP Trust, shares of Taiyo Holdings are held in a trust, the beneficiaries of which are Eligible Employees.
The trust purchases the shares, either from Taiyo Holdings or on the stock market, in an amount equivalent to theamount expected to be delivered to the Eligible Employees. All purchases will comply with stock delivery rules
established in advance. Pursuant to said rules, the trust then delivers the shares to Eligible Employees during theirservice for no consideration, in an amount commensurate with the employee’s rank during the period in which theshares were held in the trust. The trust’s purchases of shares are funded entirely by Taiyo Holdings; employees bearnone of the cost.
3. Description of the ESOP Trust(1) Type of Trust: Money trust other than specific individually managed trust (third-party benefit trust)(2) Purpose of Trust: To grant incentives to Eligible Employees(3) Settlor: Taiyo Holdings(4) Trustee: Mitsubishi UFJ Trust and Banking Corporation(Joint trustee: The Master Trust Bank of Japan, Ltd.)(5) Beneficiaries: Eligible Employees(6) Trust Caretaker: A third party with no conflicts of interest with Taiyo Holdings(7) Additional Entrustment Date: September 18, 2024 (tent.)
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ENGLISH TRANSLATION OF JAPANESE-LANGUAGE DOCUMENT
This is a translation of the original Japanese-language document and is provided for convenience only.
In the event of any discrepancy between this translated document and Japanese original, the original shall prevail.

(8) Exercise of Voting Rights: Trustee shall exercise voting rights of shares of Taiyo Holdingsin accordance with the instructions of the trust caretaker reflecting
the state of exercise of voting rights of beneficiary candidates(9) Amounts of Shares Additionally Acquired: 353,370,800 yen (tent.)(10) Number of Shares Additionally Acquired: 74,300 shares (tent.)(11) Period of Share Acquisition: from September 19, 2024 to October 18, 2024 (tent.)(Please note this excludes the period from five business days prior to the closing date of
the accounting period (including the interim accounting period) to the closing date of theaccounting period.)(12) Method of Share Acquisition: Acquired over the stock market

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