CITECH to Buy Back and Cancel Treasury Shares Worth 1 Billion KRW to Enhance Shareholder Value

CITECH's board resolved to acquire approximately 1.03 million shares (worth 1 billion KRW) through open market purchases and cancel all acquired shares within the year.
The acquisition period runs from June 2 to September 1, 2026, with Samsung Securities acting as the broker.
The buyback amount is well within the distributable profit limit of approximately 3.57 billion KRW, and the company currently holds no treasury shares.
The cancellation of about 1.98% of total outstanding shares is expected to boost EPS and prevent dilution for remaining shareholders.
[AI Summary]CITECH's share buyback and cancellation decision is a tangible shareholder return policy, sending a positive signal to the market and contributing to stock price stability and enhanced shareholder value.