[Public Notice+] KMH "Executive Buyback of 20,000 Shares... Commitment to Responsible Management"

[Asia Economy Reporter Hyunseok Yoo] KMH announced on the 3rd that seven executives, including CEO Han Chansu, purchased approximately 20,000 shares of the company's stock. This is the second such purchase following Chairman Choi Sangju's large-scale acquisition of group shares on the 26th of last month, demonstrating a commitment to responsible management.

This share repurchase was decided as part of responsible management to enhance shareholder value, amid recent stock market instability caused by the COVID-19 aftermath, where the stock was excessively undervalued compared to the company's intrinsic value.

A KMH official stated, "The purchase of treasury shares by key executives, including CEO Han Chansu, was carried out with the intention of responsible management and defending against stock price decline, as the stock price fell due to external factors such as COVID-19 despite good performance last year." He added, "Although the current business environment is not favorable for any company regardless of industry, our company will strive to overcome the ongoing COVID-19 situation based on a stable business structure."

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