KPS Increases Major Shareholder Stake Again... "Efforts to Enhance Shareholder Value"

[Asia Economy Reporter Jang Hyowon] KPS announced on the 29th that major shareholder Doomim has additionally purchased its own shares over-the-counter. This increases the holding stake two months after the on-market purchase in January.

The company stated, "We have consecutively purchased our own shares to demonstrate responsible management in response to the stock price decline this year regardless of the company's fundamentals," adding, "Starting this year, we will strive to enhance shareholder value by normalizing the operating performance of the OLED division and achieving remarkable results in the bio sector, including anticancer drug development."

According to the Financial Supervisory Service's electronic disclosure system on the day, Doomim purchased 100,000 shares of KPS through off-hours trading on the 28th, increasing the total number of shares held from 3,900,393 to 4,003,993.

Meanwhile, Doomim had previously purchased 30,000 shares of KPS directly on the market at the end of January to engage in responsible management.

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