[Public Notice+] Yesty CEO Jang Dong-bok Buys Additional 6,000 Shares... "Strengthening Responsible Management"

[Asia Economy Reporter Jang Hyowon] Jang Dongbok, CEO of YesT, a specialized company in semiconductor and display thermal control equipment, announced on the 8th that he recently purchased an additional 6,000 shares of the company to demonstrate his commitment to future company growth and business expansion.

YesT disclosed that with this purchase by CEO Jang Dongbok, the shareholding ratio of Jang and his special related parties increased from the previous 31.59% to 31.63%. Starting last month with the purchase of 22,000 treasury shares, Jang continued with 14,000 shares on the 3rd and an additional 6,000 shares on this day, totaling 42,000 shares worth 300 million KRW, steadily increasing his treasury stock holdings.

CEO Jang stated, “This decision reflects not only the stabilization of the shareholder structure but also confidence in the company’s growth and a commitment to enhancing shareholder value through responsible management. We will strive to ensure the company receives a fair valuation through continuous communication with investors.”

A YesT representative commented, “We believe the recent stock price decline due to the impact of COVID-19 is excessive, and once the situation stabilizes, investments in the display and semiconductor industries will improve. We plan to actively expand our business starting with our recent entry into core equipment for the OLED Module process, which is our main focus, and we have already laid the foundation for growth.”

Meanwhile, YesT has been purchasing treasury shares through a 4 billion KRW treasury stock trust contract signed last month and plans to continue expanding the purchase of treasury shares by both the company and CEO Jang.