SHINHUNG Announces 100,000 Share Buyback to Enhance Shareholder Value, Approximately 1% of Outstanding Shares

SHINHUNG decided on June 5, 2026, to acquire 100,000 treasury shares worth approximately 1.357 billion KRW, representing about 1.06% of total outstanding shares, aimed at enhancing shareholder value.
The acquisition period runs from June 8 to September 7, 2026, and will be executed through direct market purchases via Mirae Asset Securities.
Prior to this acquisition, SHINHUNG held a 1.46% treasury share ratio, which will increase to approximately 2.53%. The funding comes from retained earnings within the dividendable profit limit of about 95.6 billion KRW.
[AI Summary]The buyback is a positive signal for the market, reducing outstanding shares by about 1% and potentially improving EPS. This action may support the stock price in the short term while demonstrating management's confidence in the company's value.