CHUNGDAMGLOBAL Announces KRW 2 Billion Share Buyback for Cancellation to Enhance Shareholder Value

CHUNGDAMGLOBAL announced on June 10, 2026, a board resolution to acquire and cancel 537,635 treasury shares worth approximately KRW 2 billion.
The buyback represents about 2.54% of total outstanding shares and will take place from June 11 to August 31, 2026.
The acquisition will be conducted in the KOSDAQ market via KB Securities with a daily purchase limit of 53,763 shares as part of its shareholder return policy.
[AI Summary]CHUNGDAMGLOBAL's share buyback and cancellation decision is a positive signal that increases per-share value by reducing shares outstanding, likely supporting the stock price in the near term. However, execution risk remains given market conditions.