Xexymix CEO Lee Sooyeon Acquires Company Shares Worth 1.3 Billion KRW Through On-Market Purchase

Ownership Stake Increased to 15.06%
14th Share Buyback Since Listing... "Commitment to Responsible Management"

On July 21, athleisure company Xexymix announced that CEO Lee Sooyeon had acquired company shares worth approximately 1.3 billion KRW through on-market purchases.

This share acquisition was carried out through on-market purchases on the KOSDAQ market over a period from July 15 to July 21. A total of 208,719 common shares were acquired, amounting to about 1.3 billion KRW. As a result, CEO Lee's ownership stake increased from 14.64% to 15.06%.

This share buyback is intended to demonstrate the CEO's commitment to responsible management and enhancing corporate value. Since the company’s listing, CEO Lee has conducted a total of 14 share buybacks. During this period, there have been no instances of share disposals.

In the first quarter of this year, Xexymix paid out approximately 3 billion KRW in dividends. Since its listing in 2020, Xexymix has consistently paid dividends to enhance shareholder value. The dividends paid were as follows: 110 KRW per share for the 2020 settlement, 60 KRW for the 2021 interim and 40 KRW for the 2021 settlement, 80 KRW for the 2022 interim and 40 KRW for the 2022 settlement, 40 KRW for the 2023 interim and 40 KRW for the 2023 settlement, and 60 KRW for the 2024 interim and 120 KRW for the 2024 settlement.

A Xexymix representative stated, "Given the company's growth potential, we believe the current share price is undervalued, which is why we proceeded with this on-market purchase. Going forward, Xexymix will continue to pursue global market expansion and strengthen competitiveness through intrinsic value and an unwavering growth strategy."

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