Dongwon Group's Top Executives Increase Company Stock Purchases to "Strengthen Responsible Management"

Executives of 3 Listed Companies Acquire Additional 8,100 Shares of Their Own Stock

Dongwon Group's top executives are taking the lead in strengthening responsible management by consecutively purchasing their company's shares. This is analyzed as a strong will to reaffirm confidence in the company's growth potential while practically enhancing shareholder value.

Dongwon Group announced on the 20th that the top executives of its three listed companies?Dongwon Industries, Dongwon F&B, and Dongwon Systems, which are business-type holding companies?have each purchased a total of 8,100 additional shares of their own company stock by the 18th. The total purchase amount is approximately 280 million KRW. This large-scale purchase of company shares by Dongwon Group's management is the second such instance this month, following Dongwon Industries' share buyback on the 10th.

At Dongwon Industries, Min Eunhong, Head of the Business Division, purchased 2,000 common shares on the 13th, and Kim Juwon, Chairman of the Board, bought a total of 2,600 shares over two days on the 10th and 12th through on-market transactions. Including the 800 shares purchased on the 10th, Chairman Kim's total holdings increased to 3,400 shares. During the same period, Park Munseo, Head of the Holding Division at Dongwon Industries, also purchased 2,500 shares of the company's stock.

In the food business affiliate Dongwon F&B, CEO Kim Seongyong purchased 2,500 common shares from the 14th to the 18th. This is Kim's second purchase of company shares following February, increasing his holdings to 5,000 shares. At Dongwon Systems, a comprehensive packaging affiliate, Jang Seonghak, Head of the Materials Division, purchased 1,000 common shares on the 14th. This is the second share purchase by Dongwon Systems' management, following Seo Beomwon, Head of the Packaging Business Division, who bought 650 shares in April.

Since the merger, Dongwon Group has been actively and boldly implementing shareholder-friendly policies. Including this recent share purchase, the total number of shares bought by the group’s top executives this month across the three listed companies?Dongwon Industries, Dongwon F&B, and Dongwon Systems?reaches 11,400 shares, amounting to nearly 410 million KRW.

Dongwon Industries, which executed the largest-ever dividend payout of 39.7 billion KRW in April, is also planning to retire treasury shares alongside its share buybacks. On the 1st of next month, it will retire 3.5 million treasury shares, followed by a phased retirement of the remaining 10,462,450 treasury shares. Dongwon F&B also conducted a stock split in April, reducing the par value from 5,000 KRW to 1,000 KRW, one-fifth of the original, lowering the entry barrier for small shareholders and investors.

A Dongwon Group official stated, “All three listed companies in the group have a solid growth foundation based on superior market competitiveness. We will do our best to ensure that the company’s profits are returned to shareholders through strong performance and various shareholder-friendly policies.”

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