Daehan Electric Wire Executives Purchase 140,000 Shares of Company Stock... "Leading Responsible Management"

President Na Hyung-gyun and 12 Key Executives Purchase Company Shares Worth a Total of 250 Million KRW

[Asia Economy Reporter Lee Hye-young] Daehan Electric Wire announced on the 18th that its executives, including CEO Na Hyung-gyun, purchased approximately 140,000 shares of the company's stock worth a total of 250 million KRW.

CEO Na purchased 50,000 shares, COO Kim Yoon-soo acquired 15,000 shares, and executive directors including CFO Lee Ki-won each bought 12,000 shares. Managing directors purchased 6,000 shares each on the open market.

The management plans to fully participate in the rights offering through this stock purchase. On the 12th, Hoban Industrial expressed its intention to subscribe to 100% of the allocated shares, and with the management participating in the rights offering through their stock purchases, both the major shareholder and the management are jointly contributing to raising investment funds for the company's growth.

CEO Na stated, "The management's purchase of company shares and participation in the rights offering reflect a strong determination for Daehan Electric Wire's new leap forward and confidence in enhancing corporate value," adding, "It is a declaration of the management's commitment to responsible management with one heart."

He further emphasized, "The year 2022 will be a year when various businesses prepared since the incorporation into the Hoban Group will show visible results," and added, "We will actively promote new businesses that can open doors in various fields such as energy and environment and grow the company."