Shift Up completes acquisition of 550,000 treasury shares via 20 billion KRW trust contract with NH Investment

Shift Up entered into a 20 billion KRW treasury share acquisition trust agreement with NH Investment & Securities on March 11, 2026, and acquired a total of 550,000 shares for approximately 17.685 billion KRW from March 23 to June 11, 2026.
This acquisition represents 88.4% of the trust contract amount and approximately 0.94% of total outstanding shares of 58,654,340. Including existing treasury shares of 627,955, total treasury share ratio increased to 2.01%.
The largest shareholder CEO Hyung-Tae Kim's stake remained unchanged. This treasury share acquisition is interpreted as a use of funds to enhance shareholder value.
[AI Summary]Shift Up's treasury share acquisition is small-scale but demonstrates shareholder return commitment, and the stable purchase via trust is positive. However, funds used for buyback rather than growth investment is neutral for growth prospects. The counterparty NH Investment is a credible financial institution, keeping governance risk low.