Han Myung-ho, CEO of LX Hausys, Purchases 5,000 Shares of Company Stock "Commitment to Responsible Management"

Han Myung-ho, CEO of LX Hausys

On the 28th, LX Hausys announced that CEO Han Myung-ho and Chief Financial Officer (CFO) Park Jang-soo, among other top executives, expressed a strong commitment to responsible management by purchasing company shares.

After being appointed as inside directors at the shareholders' meeting on the 24th, CEO Han Myung-ho and CFO Park Jang-soo acquired 5,000 and 1,000 common shares of the company, respectively, through on-market purchases. A representative from LX Hausys stated, "The purchase of company shares by the two top executives appointed as inside directors demonstrates confidence in the company's future value and a strong commitment to responsible management." The representative added, "Although the stock prices of construction materials and interior-related sectors have generally declined due to concerns over poor performance caused by the downturn in front-end markets such as construction and real estate, this move shows the determination to improve performance by strengthening product competitiveness and expanding overseas sales."

At the shareholders' meeting on the 24th, CEO Han stated, "LX Hausys will focus its business capabilities this year on improving profitability and rebuilding future growth engines. The construction materials business will further solidify its market dominance and transition to a robust profit structure, while the automotive materials and parts business will pursue a turnaround and actively expand overseas operations to overcome the domestic market downturn."

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