Pavonine Completes 1 Billion Won Share Buyback Trust and Cancels 2.16 Million Shares... Enhancing Shareholder Value and Positive Stock Outlook

Pavonine acquired a total of 357,870 shares on the market from February 24 to May 11, 2026, through a 1 billion won trust agreement with Shinhan Investment Corp., utilizing 99.84% of the contract amount (998 million won) at an average price of about 2,790 won per share, effectively completing the contract.
In addition to the 357,870 acquired shares, the company resolved on May 19, 2026, to cancel 2,167,958 existing treasury shares. This reduces the total outstanding shares from 13,493,951 to 11,325,993, a 16.07% decrease, while the capital remains unchanged at 7.247 billion won.
The cancellation increases the value per share for existing shareholders and reduces the float, which is expected to have a positive impact on the stock price.