グローリー（6457） – [Delayed] Notice Regarding the Disclosure of the Summary of the Investigation Report for the Incident Occurred at Domestic Subsidiary

News Release (TRANSLATION FOR REFERENCE ONLY) March 18, 2022 Company name: Representative: Headquarters: Securities Code: Stock Exchange: Accounting Term: March GLORY LTD. Motozumi Miwa, President 3-1, Shimoteno 1-chome, Himeji,Hyogo, JAPAN6457Tokyo (1st Section)Notice Regarding the Disclosure of the Summary of the Investigation Report for the Incident Occurred at Domestic SubsidiaryFollowing the “Notice Regarding the Disclosure of the Results of the Investigations by the Internal Investigation Committee” released on March 14, 2022, GLORY LTD. (the “Company”) hereby discloses the summary of the investigation report as attached. About GLORY LTD. GLORY LTD., headquartered in Himeji, Japan, is a pioneer in the development and manufacture of money handling machines and systems. GLORY provides a variety of products such as money handling machines, cash management systems, vending machines, automatic service equipment, and cash management solutions that are built on its leading-edge recognition/identification and mechatronics technology. Committed to meet society’s wide-ranging needs, GLORY serves the financial, retail, vending machine, amusement and gaming industries in over 100 countries around the world. GLORY has approximately 11,000 employees worldwide. For more information about GLORY, please visit GLORY Group website at https://www.glory-global.com/ Contact: Takatoshi Minamiyama General Manager; Corporate Communications Dept. TEL: +81-79-294-6317 1 (TRANSLATION FOR REFERENCE ONLY) Investigation Report （Executive Summery） March 14, 2022 Internal Investigation Committee GLORY LTD. (TRANSLATION FOR REFERENCE ONLY) 1. Outline of the incident“X”, an employee, who was dismissed on disciplinary grounds as of March 11, 2022, of the Company’s domestic subsidiary, GLORY Service Co., Ltd. (“GS”), embezzled cash and bank deposits of GS from around 2009 to February 3, 2022 (the “Embezzlement”). The Embezzlement was carried out by the following methods; (1) X embezzled cash of GS from around 2009 to early February 2022 (the “Cash Embezzlement”)either by;- Embezzling cash handed over by other GS employees to X which should have been put into thedesignated depository safe at GS.- Embezzling cash stored in the depository safe, opening it with the key managed by X.(2) X transferred funds deposited in one of the accounts of GS at Y Bank to X’s personal account atW Bank by online banking transfer from July 16, 2020 to February 3, 2022 (the “DepositsEmbezzlement”).To prevent the Embezzlement from being discovered, X falsified the documents to be verified by X’s supervisor, including the bank statements of the GS account and reconciliation report attached to it. In addition, X manipulated accounting journal entries to conceal the Embezzlement. 2. Total damage incurred by GS due to the Embezzlement and the use of embezzledmoney・Due to the Cash Embezzlement:・Due to the Deposits Embezzlement:JPY JPY 569,444,809 1,586,000,000 (Total) JPY 2,155,444,809 The embezzled money was found to have been used for betting on horse racing (at least JPY 1,763,557,590) and for other entertainment expenses. 3. Causes of the Incident(1) Direct Causesaccounting taskslike the Embezzlementremittance- Dependence and concentration of authorities on a particular employee over the long term for- Workflow for cash collection and deposit defective from the perspective of preventing incidents- Non-compliance with GS accounting rules by employees of GS regarding bank transfer and- Inadequate supervision and vigilance within the department to which X belonged- Inadequacy of rules to implement appropriate internal controls in GS and of awareness byemployees of GS towards existing rules1 (TRANSLATION FOR REFERENCE ONLY) (2) Other underlying causes for the Embezzlement- Inadequate human resources for the tasks allocated to the department to which X belonged- Inadequate attention by the Company to its subsidiary credit assessment- Inadequate awareness of key issues in auditing by GS corporate auditors and the Company’sinternal audit department4. Measures proposed by the Internal Investigation Committee to preventrecurrence of similar incidents- To avoid dependence on particular employee(s) and decentralize authorities- To improve accounting workflow- To ensure full compliance with GS accounting rules- To provide necessary trainings to GS managers- To provide education necessary to ensure strict adherence to GS rules by employees of GS- To enforce appropriate assignment of human resources- To ensure strict approval process for credit to subsidiaries by the Company- To enhance the quality of audits5. Existence of misconducts similar to the EmbezzlementNo misconduct similar to the Embezzlement was found within the Company group. # # # 2