T&L Acquires 68,480 Treasury Shares via Trust to Boost Shareholder Value; Largest Shareholder's Gift Reduces Stake

T&L purchased 68,480 shares through a trust agreement totaling 3,271 million KRW, representing approximately 0.84% of total outstanding shares.
The acquisition ratio against the trust contract amount of 10 billion KRW is 32.71%, with remaining funds of about 6.7 billion KRW available for potential further purchases.
Largest shareholder CEO Yoonsu Choi gifted 850,000 shares, reducing his holdings from 2,776,000 to 1,926,000 shares.
Combined with direct treasury holdings of 42,389 shares, total treasury shares stand at 110,869 shares or 1.36% of outstanding.
[AI Summary]The treasury share acquisition signals a positive effort to stabilize the stock price and enhance shareholder value, while the largest shareholder's gift reduces his stake, potentially lowering management change risk. The modest acquisition size relative to total shares suggests limited short-term price impact.