Daishin Securities To Cancel 15.35 Million Treasury Shares...To Implement Tax-Exempt Dividends

Daishin Securities announced on the 12th that, as part of its shareholder return policy, it will cancel 15,350,000 treasury shares and implement tax-exempt dividends.

Daishin Securities.

The total number of treasury shares to be canceled this time is 15,350,000. Of the 12,320,000 common shares already held, 9,320,000 will be canceled, and all 6,030,000 of the first and second preferred shares will be canceled. To minimize the impact on the market and enhance predictability, the cancellation will be carried out in stages at the end of each quarter over six quarters.

The remaining 3,000,000 treasury shares will be used for investment in human capital. Of these, 1,500,000 shares will be used as a pool for employee performance bonuses through 2029, and the remaining 1,500,000 shares will be allocated to the Employee Stock Ownership Plan (ESOP) through 2030.

Tax-exempt dividends will also be implemented in parallel. Starting this year, they will be provided for about four years, up to a ceiling of 400 billion won. Daishin Securities has been pursuing a shareholder-friendly dividend policy, including paying cash dividends for 27 consecutive years.

A Daishin Securities representative said, "By adding the cancellation of treasury shares to our already strong dividend policy, we have laid the foundation for a more enhanced shareholder return policy. We will create a virtuous cycle in which profit growth through capital expansion leads to shareholder returns, thereby enhancing our mid- to long-term corporate value."

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