[Special Stock] '5% Treasury Stock Cancellation' Lionchemtech's Stock Price Surges Over 20%

On the 5th, Lionchemtech showed strong performance. The stock price surged after announcing the cancellation of treasury shares equivalent to about 5% of the recently issued shares.

As of 10:45 AM on the same day, Lionchemtech's stock price was trading at 10,630 KRW, up 23.75% compared to the previous trading day.

On the 2nd, Lionchemtech announced that it plans to cancel 942,696 common treasury shares on the 12th to enhance shareholder value. The cancellation amount is 8,031,770,000 KRW.