Dividend Policy

As disclosed on January 28, 2026 in the "Notice of Agreement regarding the redemption plan of Class A Preferred Shares and Partial Amendment to Articles of Incorporation," Chiyoda has agreed to amend the terms of the Class A Preferred Shares held by Mitsubishi Corporation, subject to approval at the Annual General Meeting of Shareholders scheduled to be held in June this year, with the aim of fully redeeming the shares. We have reached this agreement based on the understanding with Mitsubishi Corporation that the entirety of the distributable amount determined each fiscal year will be allocated to the redemption of the preferred shares. Accordingly, no dividends will be paid on common shares for the current fiscal year. Following the full redemption of the Class A Preferred Shares by the end of June 2028, Chiyoda will seek to resume dividends to common shareholders.