Jison Decides to Retire Treasury Shares..."Enhancing Shareholder Value"

Jison announced on September 12 that its board of directors resolved on September 11 to retire 439,210 shares of treasury stock through a capital reduction.

The capital reduction ratio for this round is 0.79% of common shares. After the reduction, the capital will decrease from 5,526,229,300 won to 5,482,308,300 won. The number of issued shares will decrease from 55,262,293 shares to 54,823,083 shares.

The shareholders' meeting is scheduled to be held on October 29. The period for creditors to file objections will run from October 29 to December 1. The expected date for the changed listing is December 9.

A Jison representative stated, "The retirement of treasury shares is intended to enhance capital efficiency and increase shareholder value," adding, "Along with continuous technological innovation, we will also work to strengthen trust with the market and shareholders in terms of financial structure and corporate governance."