[eDisclosure Notice] Meritz Financial Group Signs Trust Contract for 200 Billion KRW Treasury Stock Acquisition (Afternoon Summary)

[Asia Economy Reporter Hwang Yoon-joo] Meritz Financial Group announced on the 21st that it has signed a trust contract with Samsung Securities to acquire treasury shares worth 200 billion KRW to enhance shareholder value. The contract period is until November 21, 2023.

▲ Samhwa Paint Industrial = Following the resignation of CEO Oh Jin-su, the company has changed to a dual CEO system with Ryu Ki-bung and Bae Maeng-dal as co-CEOs.

▲ KEPCO Engineering & Construction = Signed a construction contract worth 219.6 billion KRW for the Wangxin fuel cell power generation project with Gyeongju Clean Energy. This amount represents 50.7% of recent sales.

▲ Neosem = Signed a supply contract worth 4.1 billion KRW for semiconductor inspection equipment with a semiconductor manufacturer. This represents 11.06% of recent sales.

▲ T3 = Announced plans to pay cash dividends of more than 30% of the separate net profit for 2022 as part of shareholder returns. The dividend record date is December 31, 2022.

▲ STX Heavy Industries = Signed a supply contract worth 13.9 billion KRW for ship engines with a Chinese shipyard. This represents 8.5% of recent sales.

▲ SeAH Holdings = Announced the incorporation of its subsidiary SeAH Technology Investment. The shareholding ratio after incorporation is 100%.

▲ AK Holdings = Announced that following the resignation of CEO Lee Seok-joo, the company will change to a sole CEO system under Chae Hyung-seok.

▲ Chris F&C = Announced the disposal of 14,995 common shares at 29,505 KRW per share due to an adjustment in the exchange price.

▲ GS Engineering & Construction = Selected as the contractor for the Seongnam Sinheung 1 District redevelopment project. The estimated construction amount is 607.9 billion KRW.

▲ YG-One = Decided to provide a debt guarantee worth 18 billion KRW for an affiliate. This represents 5.61% of equity capital.

▲ SBW Life Science = In response to an inquiry disclosure request regarding management rights transfer rumors, stated that "due diligence is underway for strategic investment review by another company (The Lycra Company)." It added, "Various funding methods, including third-party allotment capital increase that may involve a change of the largest shareholder depending on the scale of investment attraction, are being considered, but nothing has been decided yet."