February 9, 2024
News Release
Name of company
Representative(Securities Code:Contact(TELKyoritsu Maintenance Co., Ltd.
Koji Nakamura, President
9616, Tokyo Stock Exchange Prime)
Manabu Takaku, Executive Director+81-3-5295-7778)

Notice of Stock Split and Partial Amendment of Articles of Incorporation in Conjunction with theStock Split and Change in Shareholder Benefits Program

The Company hereby announces that the Board of Directors, at its meeting held on February 9, 2024, resolved toconduct a stock split and make partial amendments of its articles of incorporation in conjunction with this split, as
well as changes in the shareholder benefits program. Based on the above, we hereby inform you of the following:
Details

1. Purpose of the stock split
The purpose of the stock split is to lower the stock price of the Company per investment unit, promote a moreinvestor-friendly environment, improve stock liquidity, and expand the number of shareholders.
2. Overview of the stock split(1) Method of stock split
Each share of common stock owned by shareholders listed in the closing register of shareholders on thedate of record of Sunday, March 31, 2024, will be split into two shares. Since this date is a non-business
day for the shareholder registry administrator, the actual date of record will be Friday, March 29, 2024.
(2) Number of shares to be added by the stock split(i)

Total number of issued shares before the stock split

39,219,818(ii)

Number of shares to be added by the stock split

39,219,818(iii)

Total number of issued shares after the stock split

78,439,636(iv)

Total number of authorized shares after the stock split

118,000,000

Note: The total number of issued shares is estimated based on the total number of issued shares as ofJanuary 31, 2024. The total number of issued shares may increase between February 1, 2024 andthe split date due to shareholders choosing to exercise their share subscription rights.

1(3) Schedule(i)

Date of record of public notice (scheduled):

Friday, March 15, 2024

(ii)

Date of record:Sunday, March 31, 2024

(iii)

Effective date:

Monday, April 1, 2024

3. Partial amendment of the articles of incorporation(1) Reason for the amendment
In conjunction with this stock split, with taking the split ratio into consideration, the total number ofauthorized shares as stipulated in Article 5 of the Company's Articles of Incorporation will be changed
as of Monday, April 1, 2024 based on the resolution of the Board of Directors pursuant to Article 184,
Paragraph 2 of the Companies Act.
(2) Details of the amendment
Details of the amendment are as follows:(Changed portions are underlined.)
Current Articles of Incorporation

Articles of Incorporation after Amendment(Total Number of Authorized Shares)(Total Number of Authorized Shares)

Article 5Article 5

The total number of authorized shares is
59,000,000 shares.

The total number of authorized shares is118,000,000 shares.

(3) Timetable of the amendment(i)

Date of Board of Directors’ resolution

Friday, February 9, 2024

(ii)

Effective Date

Monday, April 1, 2024

4. Change in shareholder benefits program (This change applies to shareholders with a record date of September
30, 2024.)(1) Reason for the change
The Company offers a shareholder benefits program to express its appreciation for the continuing
support of shareholders and to enhance the appeal of investing in the Company, thereby encouraging
shareholders to hold shares over the long term.
In proportion to the number of shares held, twice a year, the Company provides complimentary discounttickets for shareholders (Note 1) and complimentary resort hotel tickets for shareholders (Note 2) toshareholders whose names are listed or recorded in the list of shareholders as of September 30 andMarch 31. In proportion to the number of shares held, discount coupons for long-term shareholders(Note 1) are distributed to shareholders whose names are listed or recorded on the list of shareholders asof March 31 as the date of record and who continue to hold Company shares for three years or more.
In conjunction with the stock split, the current shareholder benefits program will be revised to ensurethat profits are distributed fairly among shareholders and to encourage shareholders to hold Company
shares over the long term.
Since the stock split enters into effect as of Monday, April 1, 2024, there will be no changes inshareholder benefits as of Sunday, March 31, 2024.
Notes:
1. The tickets have a face value of ¥1,000 and can be used at facilities managed by the Company and its group companies. For
available facilities, please visit the Company website at https://www.kyoritsugroup.co.jp/en/ir/dividend/#kabuyu-ticket.

22.

The tickets can be used in resort hotels managed by the Company. For more information on benefits, please visit the Companywebsite at https://www.kyoritsugroup.co.jp/en/ir/dividend/#kabuyu-ticket.

(2) Details of the change (Underlined portions indicate changes after the stock split.)(i) Complimentary discount tickets for shareholders
Before split

After split

As of
March
31

As of
Sept.
30

Total

As ofMarch
31

As ofSept.
30

Total

100 - 199

1 ticket1 ticket

2 tickets

100 - 399

1 ticket

1 ticket

2 tickets

200 - 499

3 tickets

3 tickets

6 tickets

400 - 999

3 tickets

3 tickets

6 tickets

500 - 999

8 tickets

8 tickets

16
tickets

1,000 – 1,999

8 tickets

8 tickets

16
tickets

1,000 – 1,999

10
tickets

10
tickets

20
tickets

2,000 – 3,999

15
tickets

15
tickets

30
tickets

2,000 – 4,999

25
tickets

25
tickets

50
tickets

4,000 – 9,999

25
tickets

25
tickets

50
tickets

5,000 – 9,999

35
tickets

35
tickets

70
tickets

60
tickets

60
tickets

120
tickets

10,000 or more

60
tickets

60
tickets

120tickets

Number ofshares held

10,000 or more

Number ofshares held⇒(ii) Complimentary discount tickets for long-term shareholders(at least three years as of the date of record)
Before split
Number of shares held

After split
As of March 31

Number of shares held

As of March 31

100 - 399

1 ticket

400 - 999

2 tickets

1,000 – 1,999

5 tickets

200 - 499

1 ticket

500 - 999

3 tickets

1,000 – 1,999

4 tickets

2,000 – 3,999

10 tickets

2,000 – 4,999

10 tickets

4,000 – 9,999

20 tickets

5,000 – 9,999

14 tickets

10,000 or more

24 tickets

10,000 or more

30 tickets⇒

3

(iii) Complimentary resort hotel tickets for shareholders
Before split
Number ofshares held

As ofMarch
31

As ofSept.
30

After split
As ofMarch
31

As of
Sept.
30

Total

100 - 199

1 ticket

1 ticket

2 tickets

200 - 999

2 tickets

2 tickets

4 tickets

1,000 – 1,999

3 tickets

3 tickets

6 tickets

2,000 or more

10tickets

10tickets

20tickets

Number ofshares held

Total

100 - 499

2 tickets

2 tickets

4 tickets

500 - 999

3 tickets

3 tickets

6 tickets

1,000 – 1,999

4 tickets

4 tickets

8 tickets

2,000 or more

10tickets

10tickets

20tickets⇒5. Other(1) Changes in the amount of stated capital
The stock split does not affect the amount of stated capital.
(2) Dividends
Since the stock split enters into effect as of Monday, April 1, 2024, the year-end dividend for the fiscal
year ending March 31, 2024, with a date of record of Sunday, March 31, 2024, will be paid based onshares held before the stock split.
6. Adjustment to conversion priceIn conjunction with the stock split, the conversion price of convertible bonds with stock acquisitionrights issued by the Company will be adjusted as follows. The adjusted conversion price will beeffective as of Monday, April 1, 2024.
Issue name

Pre-adjustment
conversion price

Adjusted
conversion priceEuro-Yen Convertible Bonds with
Share Acquisition Rights due 2026

4,713 yen

2,356.5 yen4