APR Announces "Cash Dividends and Treasury Stock Cancellation Over the Next 3 Years"... Shareholder Return Plan Revealed

Shareholder Return Policy, Adjusted Net Income of 25% or More

APR will implement a shareholder return policy including cash dividends and share repurchases and cancellations over the next three years.

On the 1st, APR announced its shareholder return policy for the fiscal years 2024 to 2026 through the Financial Supervisory Service's electronic disclosure system (DART).

APR logo. [Image provided by APR]

According to the disclosure, APR plans to conduct share repurchases and cancellations including cash dividends annually during the three-year period. The scale of the shareholder return policy is expected to reach at least 25% of the adjusted consolidated net income each year.

This announcement is APR's third disclosure related to enhancing shareholder value, made just over four months after its listing. In May, three executives including CEO Kim Byung-hoon participated in share repurchases. Last month, the company announced plans to repurchase and cancel shares worth 60 billion KRW by December this year.

Along with implementing the shareholder return policy, APR plans to expand its sales channels in global markets such as the United States, Mainland China, Hong Kong, and Japan. Additionally, it will continue research and development (R&D) investments to launch new home beauty devices and cultivate new demand.

An APR official stated, "The company's goal of becoming the global No.1 beauty tech company pursues a healthy partnership with shareholders through an active shareholder return policy," adding, "We will grow into a company that maintains financial soundness and future growth potential like global big tech firms, continuing a long-term shareholder return policy."

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