Wise birds Amends Share Cancellation Decision, Increases Cancellation Shares and Decreases Cost, Enhancing Shareholder Value

Wise birds amended its existing share cancellation decision, increasing the number of shares to be cancelled from 1,263,689 to 1,315,302 shares a 4.1% increase, and reducing the cancellation amount from approximately 1.5 billion KRW to approximately 1.19 billion KRW, a 20.5% decrease.
The increased cancellation represents 2.61% of total outstanding shares of 50,459,582, enhancing shareholder value compared to the original plan.
The cancellation will be carried out via board resolution within distributable profits, reducing only the number of shares outstanding without reducing capital, which is expected to increase earnings per share.
[AI Summary]Wise birds finalized the cancellation scale after completing treasury stock acquisition. The increased number of shares cancelled and lower acquisition cost strengthen shareholder returns, and a 2.6% cancellation of outstanding shares is expected to positively impact the stock price.