[eDisclosure Notice] HiteJinro Holdings Signs Trust Contract for Acquisition of Treasury Shares Worth 7.5 Billion KRW (Comprehensive)

[Asia Economy Reporter Myung-hwan Lee] Hite Jinro Holdings announced on the 27th that it has signed a treasury stock acquisition trust contract worth a total of 7.5 billion KRW for the purpose of stabilizing the price of its own shares.

Hite Jinro Holdings signed a treasury stock acquisition trust contract worth 6.5 billion KRW with Hanwha Investment & Securities. The contract period is from October 2, 2023, to October 2, 2042. It also decided on a treasury stock acquisition trust contract worth 1 billion KRW with Hana Securities. The contract period is from October 7, 2023, to October 7, 2032.

The company explained that this contract is "an extension of the trust contract for treasury stock acquisition announced on September 7, 2012."

Below are the major disclosures released during the trading session this afternoon, including Hite Jinro Holdings’ announcement.

▲ SK Hynix = Signed a city gas supply contract worth 6.679 billion KRW with its affiliate Chungcheong Energy Service for the operation of the Cheongju campus. Additionally, signed a supply contract worth 123.8 billion KRW with affiliate SK Co., Ltd. for system operation and development, and in-house cafeteria services.

▲ Hyundai Corporation = Decided on a debt guarantee worth 25.7346 billion KRW for its affiliate Hyundai Corporation Singapore.

▲ Hanshin Engineering & Construction = Selected as the contractor for the Daeyeon Station street housing maintenance project. The contract amount is 67.76 billion KRW, which corresponds to 5.2% of last year’s consolidated revenue.

▲ IS Dongseo = Signed a treasury stock acquisition trust contract worth 10 billion KRW to stabilize stock price and enhance shareholder value.

▲ KSS Shipping = Decided to dispose of ships worth 83.63745 billion KRW.

▲ Mirae I&G = A reason for dissolution has occurred for the investee company K&T No.1 Private Equity Partnership. The investee company plans to distribute assets according to each partner’s investment details and proceed with liquidation procedures.

▲ ChemOn = Decided to acquire 50% stake in NanoGen ChemOn (Vietnam) for 71.48 million KRW.

▲ Cellid = Signed a cell manufacturing consignment contract worth 480 million KRW with Innovation Bio for a ‘bispecific CAR-T cell therapy’.

▲ G&B S Engineering = Decided on a third-party allotment paid-in capital increase worth 3.40836 billion KRW for operating funds. The allottee is CS Clean Systems.

▲ CNH = Decided to acquire treasury stock worth 1 billion KRW to stabilize stock price and increase shareholder value.