iWinPlus Decides on Free Capital Increase... Strengthening Shareholder Returns

0.3 New Shares Allocated per Share
Continuous Co-Growth of Shareholders and Company

[Asia Economy Reporter Kwangho Lee] iWINPLUS announced on the 19th that it will conduct a bonus issue allocating 0.3 new shares per 1 common share as part of its policy to enhance shareholder value.

The number of shares will increase from approximately 118.79 million shares (including other shares) before the bonus issue to 154.08 million shares. The record date for new share allocation is September 2, and the new shares are scheduled to be listed on September 23.

iWINPLUS has continuously expanded policies to enhance shareholder value, including the acquisition of shares by Shin Gyu-jin, chairman of the largest shareholder iWIN. With this bonus issue decision, the number of tradable shares will increase to activate trading and demonstrate that iWINPLUS’s financial structure is stable.

iWINPLUS is making facility investments in line with the increasing demand for automotive image sensors due to the expansion of vehicle autonomous driving systems and is striving to maximize sales. The company is actively engaging in the future car parts business for autonomous driving, including image sensors.

An iWINPLUS official said, “This bonus issue decision will have a positive impact on enhancing corporate value and shareholder profits at a time when the company is aiming to take a step forward. We will strengthen our position in the future car industry and continue shareholder-friendly policies along with sales growth to achieve mutual growth for shareholders and the company.”