Hanwha Engine Decides to Acquire 339,411 Treasury Shares for Employee Stock Compensation via Open Market Purchase

Hanwha Engine announced on July 14, 2026 a board decision to acquire 339,411 treasury shares worth approximately 15.68 billion KRW through open market purchases on the KOSPI. The acquisition represents 0.4% of total outstanding shares, a small-scale buyback.
The purpose is to fund employee stock-based compensation including RSUs and performance incentives, focusing on employee motivation rather than direct shareholder returns. The buyback period runs from July 15 to October 12, 2026, entrusted to Hanwha Investment & Securities.
The company currently holds 21,607 treasury shares and the acquisition remains within the distributable profit limit, ensuring no significant impact on financial health. The small scale limits short-term price impact but supports the employee compensation framework.
[AI Summary]Hanwha Engine's small-scale treasury share acquisition for employee compensation amounts to only 0.4% of outstanding shares, yielding negligible impact on stock price or shareholder value. The transaction is funded within legal profit limits with no financing risk, but shares are not cancelled, thus no per-share value enhancement is expected.