SHINPOONG Decides to Buy Back 1.08 Million Shares Worth 1 Billion KRW to Stabilize Stock Price and Enhance Shareholder Value

SHINPOONG resolved to acquire approximately 1,081,081 common shares worth about 1 billion KRW through open market purchases from July 10 to October 8, 2026.
The buyback represents about 3.09% of outstanding shares based on the closing price of 925 KRW on July 8, 2026.
Kyobo Securities has been appointed as the trustee, with a daily purchase limit of 108,108 shares.
The purpose is stock price stabilization and enhancement of shareholder value, adding to the existing treasury shares of 7,252,320 shares 20.75%.
The acquisition is within distributable profit limits, backed by a sufficient limit of 48.99 billion KRW.
[AI Summary]SHINPOONG's 3.09% share buyback is expected to boost earnings per share positively, benefiting shareholder value. However, the high treasury share ratio warrants attention regarding capital efficiency and potential future cancellation.