Abko Approves Agenda at Extraordinary General Meeting of Shareholders... "Strengthening Shareholder Return Policy"

Abko announced that all agenda items were approved as originally proposed at the extraordinary general meeting of shareholders held at 9 a.m. on the 25th.

On this day, Abko stated that the “Partial Amendment to the Articles of Incorporation (Stock Split)” to activate stock trading and the “Transfer of Capital Surplus to Retained Earnings” to acquire treasury stock and secure stable shareholder return funds were approved.

The stock split is used as a measure to activate normal stock trading and increase liquidity. Abko will split the par value per share from 500 KRW to 100 KRW. According to the stock split schedule, trading will be suspended from the 7th to the 22nd of next month. On November 23, the first trading day after the stock split, trading will be conducted with five times the number of shares. Subsequently, 33 billion KRW of capital surplus will be transferred to retained earnings. This is to secure funds for future treasury stock acquisition and stable shareholder return policies.

An Abko official said, “We are reviewing various measures to enhance shareholder value,” adding, “We plan to actively strive not only for business performance but also for protecting shareholder rights, active communication, and returns.”

Meanwhile, Abko announced through the “Earnings Announcement Notice” on the 25th that it plans to disclose its preliminary Q3 earnings on the 2nd of next month.

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