Decision to Acquire KRW 1 Billion Treasury Shares via Open Market... Aimed at Enhancing Shareholder Value and Employee Compensation

WOOREE E&L Haroutine decided to acquire treasury shares worth approximately KRW 1 billion on May 26, 2026. This involves purchasing 1,326,259 shares (about 2.58% of total outstanding shares of 51.48 million) through open market purchases.
The acquisition period is from May 27 to August 26, 2026, with a daily purchase limit of 132,625 shares to minimize market impact.
The stated purpose is to enhance shareholder value and provide employee performance compensation. Some shares may be granted to employees rather than canceled, limiting the reduction in outstanding shares.
Note: The number of shares is estimated based on the closing price of KRW 754 on May 22, 2026, and actual figures may vary with price changes. The retention period is not fixed and will be determined later.
[AI Comprehensive Analysis]This buyback decision is a positive signal for shareholder returns, but the scale (2.6% of market cap of ~KRW 38.8 billion) is modest and the potential use for employee compensation may limit its impact on share price.