OSP Announces 2 Billion KRW Treasury Stock Acquisition of 804,829 Shares to Enhance Shareholder Value

OSP decided on July 8, 2026 via board resolution to acquire 804,829 treasury shares approximately 16.6% of outstanding shares worth about 2 billion KRW through open market purchases.
The purpose is to stabilize stock price and enhance shareholder value, with the acquisition period from July 9 to October 8, 2026.
The acquisition amount is based on the closing price of the day before the board meeting and may change with price fluctuations.
The company has a treasury stock acquisition limit of about 8.5 billion KRW as of the end of the previous fiscal year, making this purchase financially feasible.
However, the absence of outside directors and an auditor at the board meeting may raise governance concerns among minority shareholders.
[AI Summary]OSP's massive buyback of 16.6% of outstanding shares signals strong commitment to shareholder returns. While positive for stock price and shareholder value, the cash outlay and lack of independent director attendance warrant investor monitoring.