November 10, 2023

Listed Company Name:

Chugai Mining Co., Ltd.

(Stock code no.: 1491, Tokyo Stock Exchange Standard Market)

Representative:

Takeo NISHIMOTO, CEO and President

For Inquiry:

Isao SAKURABA, IR Center (Telephone: 03-3201-1541)

Distribution of (Interim) Dividends from Surplus

The Company hereby announce that it has decided at the Board of Directors Meeting today to propose September 30, 2023 as the record date to propose the payment of dividends (interim dividends) from surplus.

1. Details of the Dividends

Most recent dividend

Dividend paid for the

Determined Amount

forecast

previous fiscal year

(May 12, 2023)

(FY ending March 2023)

Record Date

September 30, 2023

Same as the left

September 30, 2022

Dividend per share

JPY0.50

TBD

JPY0.00

Total amount of dividends

JPY144 million

Effective Date

December 5, 2023

Source of dividends

Retained earnings

2. Reasons

The Company's basic policy for profit distribution is to continue to pay stable dividends while securing the necessary internal reserves for future business development and strengthening of the management structure. Based on this policy, and taking into consideration the business results for the current fiscal year and future business development, the Company will pay an interim dividend of 0.50 yen per share for the fiscal year ending March 31, 2024.

The year-end dividend is undecided at this time and will be announced as soon as the dividend forecast becomes available.

Reference: Breakdown of annual dividend

Dividend per Share

Record Date

End of the second

End of the Period

Total

quarter

Dividend forecast

TBD

TBD

Results of the current period

JPY0.50

Results of the previous period

JPY0.00

JPY0.50

JPY0.50

(period ending March 2023)

This is an English translation of the financial report created in Japanese.

Should there be any discrepancies between the Japanese original and the English translation, the Japanese original shall prevail.

Copyright ©2023 Chugai Mining Co. Ltd. All Rights Reserved

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Chugai Mining Co. Ltd. published this content on 10 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 November 2023 13:56:36 UTC.