NHN Decides to Cancel 424,174 Treasury Shares to Enhance Shareholder Value

NHN has decided to cancel all 424,174 common shares acquired through open market purchases via KB Securities from May 12 to May 29, 2026.
The cancellation represents approximately 1.3% of total outstanding shares with a book value of about 16.7 billion KRW.
This move is part of the three-year shareholder return policy announced on August 12, 2025, and will reduce total outstanding shares to 32,328,965.
[AI Summary]NHN's treasury share cancellation enhances shareholder value by reducing share count and improving earnings per share. The execution through KB Securities ensures credibility, and the use of distributable profits maintains financial soundness. This action supports short-term price stability and demonstrates a long-term commitment to shareholder returns.