MCNEX Announces KRW 5 Billion Share Buyback (1.37% of Outstanding Shares) for Price Stability and Shareholder Value

MCNEX decided on June 2, 2026, to acquire 237,529 common shares (approximately 1.37% of total outstanding shares) worth about KRW 5 billion (KRW 4,999,985,450) through direct on-market purchases
The buyback period runs from June 4, 2026 to September 3, 2026 (3 months), with the purpose of stabilizing stock price and enhancing shareholder value
Prior to this buyback, MCNEX held 6.54% (1,138,328 shares) in treasury; after completion, the treasury ratio will increase to approximately 7.91%
The company has ample headroom, with a legal buyback limit of approximately KRW 259.95 billion, and the planned acquisition amount represents only about 0.19% of that limit
Daily purchase order limit is set at 23,752 shares (10% of the announced buyback quantity)
[AI Summary]Although this buyback is modest at 1.37% of outstanding shares, it sends a positive signal of management's commitment to shareholder value, likely supporting short-term stock price and raising expectations for further share repurchases