[Public Notice+] MITECH Decides on Cash Dividends for 2 Consecutive Years

[Asia Economy Reporter Hyunseok Yoo] MI Tech announced on the 24th that its board of directors has decided on a cash dividend of 50 KRW per common share.

The total dividend amount is approximately 1.5 billion KRW, with a dividend yield of 10% based on the par value (50 KRW per share). The company is conducting cash dividends for two consecutive years at the same scale as last year. The record date is December 31 of last year, and the final dividend amount will be confirmed after approval at the regular shareholders' meeting in March.

MI Tech is the number one domestic company in the non-vascular stent sector and is expanding its market share in advanced medical markets such as the United States, Europe, and Japan. Overseas sales are steadily increasing through collaboration with global companies. A representative of MI Tech stated, “Along with expanding market share in the gastrointestinal stent market, the lithotripsy device business and blood glucose meter business are getting on track, and we expect to establish a stable profit structure.” He added, “We will continue to actively pursue activities to enhance shareholder value based on stable performance.”