Sanyo Shokai : Notice of Completion of Payment for Treasury Stock as Restricted Stock Award

Note: This document is an excerpt translation of the original Japanese document and is only for reference purposes.

In the any discrepancy between this translated document and the original Japanese document, the later shall prevail.

	24 June 2022
Dear All,
Company Name	SANYO SHOKAI LTD.
Name of Representative	Shinji Oe
	Representative Director
	President & Chief Operating Officer
	(Code: 8011 Tokyo Stock Exchange Prime)
Contact	Yoshihiro Taniuchi
	General Manager, Investor Relations
	Corporate Management Headquarters
	(TEL: [phone])

Notice of Completion of Payment for Treasury Stock as Restricted Stock Award

The Company hereby announces that payment procedures for the disposal of treasury stock as restricted stock compensation, which was resolved at the meeting of the Board of Directors held on 27 May 2022, have been completed today. Details are as follows. For more details, please refer to "Notice of Disposal of Treasury Stock as Restricted Stock Award" dated 27 May 2022.

Outline of disposal of treasury stock

	Type and	number
(1)	of shares	to be	23,500 shares of common stock of the Company
	disposed of
(2)	Disposal price	¥898 per share
(3)	Total disposal value	¥21,103,000
	Grantees of shares	2 Directors of the Company (excluding Outside Directors); 15,400 shares
	and	number
(4)	8 Managing Officers who do not concurrently serve as Directors; 8,100
thereof; number of
	shares
	shares to be allotted
(5)	Date of disposition	24 June 2022