IEL Science, Confident in Growth... "CEO Song Seong-geun Increases Stake by Purchasing Company Shares"

[Asia Economy Reporter Yoo Hyun-seok] IL Science, a smart optical solutions specialist company, announced on the 25th that CEO Song Seong-geun purchased approximately 22,000 shares of the company's stock through on-market buying, increasing his total holdings to 6,059,763 shares (28.5% stake).

Since the company's KOSDAQ IPO in December 2019, CEO Song acquired 930,000 shares through exercising convertible rights in February last year and purchased 20,000 shares on the market in March of the same year. Additionally, he bought 200,000 shares through off-market trading in July last year, totaling 1.15 million shares purchased in 2020 alone. He has continued his buying activities this year as well.

The company stated, "Considering the business utilizing the company's core competitive advantages, silicon lens and microcurrent technology, and the growth potential of this year's performance, the management took the initiative to make additional purchases so that the company's business value can be sufficiently reflected in the market. This demonstrates a strong will for business stabilization and development potential, as well as responsible management."

They added, "The results of the silicon lens technology applied to electric vehicle charging and lightweighting business, and the microcurrent technology applied to the hair care business, will be realized this year."

IL Science registered as a silicon lens supplier to Hyundai Mobis and began supplying to Kia Motors as a partner until last year. The hair care business completed its value chain through mergers and acquisitions (M&A) and obtained FDA certification.

This content was produced with the assistance of AI translation services.