TRYT Inc. announced that at a meeting of its Board of Directors held on February 13, 2024, it has resolved to partially change the basic profit distribution policy as below. Details of change: Before-The company is expected to have a number of business opportunities for further growth given the current operating environment surrounding it. While it recognize that shareholder returns are important management goals, it is also critical that it enhance its internal reserves to use them for futurebusiness growth for the time being.

The basic dividend policy is to enhance its internal reserves in order to further develop its existing businesses as well as to secure investment in new areas. The company will also implement stable and continuous returns to its shareholders while taking into account the extent of its internal reserves and the operating environment. Specifically, the company plan to pay dividends beginning from the fiscal year that immediately follows a fiscal year in which its net interest-bearing debt/EBITDA ratio is below 3.0x at the end of such fiscal year.

After: The company expected to have a number of business opportunities for further growth given the current operating environment surrounding it. While it recognize that shareholder returns are important management goals, it is also critical that the company enhance its internal reserves to use them for future business growth for the time being. The basic profit distribution policy is to enhance its internal reserves in order to further develop its existing businesses as well as to secure investment in new areas.

The company will also implement stable and continuous returns to its shareholders while taking into account the extent of its internal reserves and the operating environment. Specifically, the company plan to distribute its profit once it has strong confidence to achieve its net interest-bearing debt/EBITDA ratio target of below 3.0x at the end of such fiscal year. Purpose of change: To have more flexibility for profit distribution.

Effective date: April 1, 2024.