Notice regarding Determination of Details of Issuance of Paid-in Stock Options (The 15th Stock Acquisition Rights) with Performance Conditions

September 3, 2019

 SMS CO., LTD. (the “Company”) hereby announces that it finalized the undetermined items of the 15th Stock Acquisition Rights (the “Stock Acquisition Rights”) with performance conditions to be issued to the directors and employees of the Company and its subsidiaries in accordance with the board of directors’ resolution of August 19, 2019.

1.Allottees of Stock Acquisition Rights and number thereof, and number of Stock Acquisition Rights to be allotted

 Directors and employees of the Company and its subsidiaries, totaling 66 persons, and a total of 2,540 Stock Acquisition Rights.

2.Total number of Stock Acquisition Rights

 2,540 units

3.Class and number of shares underlying Stock Acquisition Rights

 The number of shares underlying Stock Acquisition Rights shall be 254,000 shares of the Company’s common stock.

For reference:
“Notice regarding Issuance of Paid-in Stock Options (The 15th Stock Acquisition Rights) with Performance Conditions” released on August 19, 2019.

Notice regarding Determination of Details of Issuance of Paid-in Stock Options (The 15th Stock Acquisition Rights) with Performance Conditions