KPF to Cancel Treasury Shares Worth 1 Billion Won... "Continuing Shareholder Return Policy"

KPF has initiated the acquisition and cancellation of new treasury shares in line with its medium- to long-term shareholder return policy.

On May 20, KPF announced a resolution to acquire treasury shares worth 1 billion won and to cancel them immediately upon completion of the purchase. This marks the first execution of the plan announced in October last year through a fair disclosure, which stated, "We will acquire and cancel new treasury shares worth 1 billion won each year for the next five years."

This treasury share acquisition will be carried out through on-market purchases via an entrusted investment broker. The expected acquisition period is from May 21, 2026, to June 19, 2026. The company plans to cancel the treasury shares immediately after the acquisition is completed, with the cancellation date set for June 29, 2026. The actual number of shares acquired may vary depending on share price fluctuations and transaction prices during the acquisition period.

KPF expects that the acquisition and cancellation of new treasury shares will directly reduce the number of outstanding shares and enhance per-share value, thus providing a tangible shareholder return.

A KPF representative stated, "By sequentially implementing treasury share cancellation, dividends, governance improvement, and now the acquisition and cancellation of new treasury shares, we will continue to enhance shareholder value and improve corporate value."

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