EM&AI, Consecutive Insider Purchases by CEO... Accumulated 437,000 Shares

Organic Light Emitting Diode (OLED) material company EM&I announced that CEO Go Chang-hoon purchased an additional 31,000 shares of the company's stock on the market from the 12th to the 19th of this month. Since last year, CEO Go has acquired a total of 437,000 shares.

CEO Go's purchase of company shares was made as part of his commitment to boosting the stock price and responsible management. The company explained that this decision also reflects confidence in performance growth, as the consolidated operating profit for the first half of this year increased by 122.96% compared to the same period last year, reaching 817 million KRW.

An EM&I representative stated, "This is a foundational year where all growth pillars are in place, including the expansion of OLED adoption, diversification of clients, and discontinuation of low-profit businesses," adding, "We are considering various shareholder-friendly policies, including on-market stock purchases."

They continued, "The recent litigation disclosure pertains to a lawsuit filed against the former management in 2018. That lawsuit was dismissed by the Supreme Court in 2021. It is completely unrelated to the current management and business activities, and we have appointed a law firm to actively respond."

On the 16th of this month, EM&I disclosed that Mr. Yoo Geon-sang filed a lawsuit related to damages at the Seoul Southern District Court. The lawsuit concerns a claim for a penalty of 4 billion KRW, which the plaintiff originally filed at the Seoul Southern District Court in January 2018.

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