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

July 23, 2024
To whom it may concern,
Corporate Name YUKE’S Co., Ltd.
(Code: 4334 TSE Standard Market)
Representative: Yukinori Taniguchi President and Representative Director
Inquiries: Takashi Hashiki Director, General Manager of Administration Division
Telephone: +81-72-224-5155 (Representative)

Notice of Disposition of Treasury Stock as Restricted Stock Awards
YUKE’S Co., Ltd. hereby announces that our Board of Directors has resolved to dispose of treasury stock as
restricted stock awards (the "Disposition of Treasury Stock") as follows.

１．Outline of Dispositions(1)
Payment dateAugust 23, 2024

(2)Type and number ofshares to be disposed of

15 thousand shares of our common stock(3)

Disposal value

445 yen per share(4)

Total amount disposed

6,675 thousand yen(5)Destination for disposal

Our Board of Directors(*) 1 person 15 thousand shares※Excluding outside directors

２．Purpose and reason of the disposition
At our 30th Ordinary General Meeting of Shareholders held on April 27, 2022, we introduced a stockcompensation plan (the "Plan") under which our directors share the benefits and risks of share pricefluctuations with our shareholders and the desire to increase our corporate value. Under this plan, we set thetotal amount of monetary compensation receivable to be paid as compensation for restricted stock to ourdirectors at a maximum of 60 million yen per annum (of which, the maximum amount is 10 million yen perannum for outside directors), and the total number of shares of restricted stock to be allotted to our directors
in each fiscal year (of which, 20 thousand shares are for outside directors).the maximum term of restricted
shares and the period between the date of issuance of such restricted shares and the date of resignation of ourdirectors, We have received approval.
Today, at our Board of Directors meeting, we resolved to grant 15 thousand shares of our common stock as
restricted stock to 1 of our directors (the "Allocated Person"), who is scheduled to be allotted, a total of 6,675
thousand yen as restricted stock compensation for the period from our 32nd Ordinary General Meeting ofShareholders to our 33rd Ordinary General Meeting of Shareholders scheduled to be held in April 2025, andthe Allocated Person will provide all of such monetary compensation claim by the contribution-in-kind method.
The amount of monetary compensation claim to the allocable recipient is determined after comprehensively
considering various matters such as the contribution of the allocable recipient to us. In addition, the paymentof such monetary compensation claim shall be made subject to the conclusion, among other things, of a transfer
restricted share allotment agreement (hereinafter referred to as the "Allotment Agreement") with the Company,
which shall include the following contents as a summary.

３．Overview of Allocation Contracts① Restriction Period on Transfer
From August 23, 2024 until the date on which the Allocated Person as a director of the Company (provided,
however, that May 1, 2025, if the date of such resignation is on or before April 30, 2025)
During the Restriction Period on Transfer as set forth above (hereinafter referred to as the "Restriction
Period on Transfer"), the Assignee may not transfer, pledge, mortgage, give or testamentary gift to act thirdparty, or otherwise dispose of the Shares with Restriction on Transfer allotted to such Assignee (hereinafterreferred to as the "Allotted Shares") (such restrictions shall hereinafter be referred to as the "Restriction onTransfer").
② Gratuitous Acquisition of Shares with Restriction on Transfer
In the event that the Allocated Person t resigns from our Directors after the commencement date of theRestriction Period on Transfer no later than the day immediately preceding the first day of our Ordinary
General Meeting of Shareholders, we shall acquire the Allotted Shares without charge as of the time of suchresignation, unless our Board of Directors deems it justifiable.
In addition, in the event any of the Allotted Shares has not been cancelled pursuant to the provisions ofthe grounds for cancellation of the restriction on transfer set forth in below at the time of expiration of theRestriction Period on Transfer (hereinafter referred to as the "Period Expiration"), the Company shall acquire
the Allotted Shares without charge as of the time immediately after the Period Expiration.
③ Cancellation of Restriction on Transfer
We will terminate the restriction on the transfer of all the Allotted Shares held by the Allocated Person at
the time of Restriction Period on Transfer, provided that the Allocated Person has been in the position of ourDirector on a continuing basis from the commencement date of the Restriction Period on Transfer to the firstdate of the Ordinary General Meeting of Shareholders. Provided, however, that in the event the Allotment
Participant resigns from our directors on or after the commencement date of the Restriction Period onTransfer and no later than the day prior to the first date of the Ordinary General Meeting of Shareholders dueto any reason deemed justifiable by our Board of Directors, the Assignment Restriction shall be terminatedwith respect to the Allotted Shares in the number obtained by multiplying by 12 the number of months fromMay 2024 to the month including the day when the Allocated Person retired from our directors by the numberof Allotted Shares held by the Allocated Person at such time (provided, however, that any fraction less than
1 share arising as a result of calculation shall be discarded) at the time immediately after such resignation.
④ Rules for the management of shares
Allocated Person shall complete the opening of an account which describes or records the allotted sharesin the manner designated by us in SMBC Nikko Securities Inc., and shall keep and maintain the allottedshares in such account until the transfer restrictions are lifted.
⑤ Treatment in organizational restructuring, etc.
During the Restriction Period on Transfer, if a proposal for a merger agreement, a share-for-share exchange
agreement or a share-for-share transfer plan or any other reorganization by which we become a whollyowned subsidiary is approved by our shareholders' meeting (provided, however, that in the event suchreorganization is not subject to the approval of our shareholders' meeting, the number obtained by dividing
the number of months from May 2024 to the date of such approval by 12 (provided, however, that such
number shall be set as 1 if the calculation results are more than 1) by the number of the Allotment Shares
held by the Allocated Person, in the event that a fraction less than 1 share arises as a result of such calculation,
The transfer restriction of the allotted shares shall be cancelled immediately before the effective date of theorganizational restructuring.
In this case, the Company shall, as of the business day prior to the effective date of the said organizational
restructuring, acquire, as a matter of course, all of the Allotted Shares for which the restriction on transfer
has not been terminated as of the same date in accordance with the provisions above, without charge.

４．Basis for calculating the amount to be paid and the specific contents thereof
The disposition price of treasury stock is set at 445 yen, the closing price of our common shares on Tokyo
Stock Exchange on the business day immediately preceding the resolution date of our Board of Directors
meeting (July 22, 2024), in order to eliminate arbitrary transactions. This is the market share price immediately
prior to the date of resolution of our Board of Directors and is not considered to be a reasonable and particularly
favorable value.