Philoptics, October 23 Extraordinary General Meeting... "Securing Capacity for Stock Dividends"

Philoptics announced on the 6th that it plans to hold an extraordinary general meeting of shareholders at its Osan headquarters on October 23. The main agenda item is the 'decision to transfer capital reserves to retained earnings.'

Philoptics explained, “We plan to transfer 50 billion KRW of capital reserves to retained earnings to secure dividend capacity necessary for cash or stock dividends,” adding, “We will hold an extraordinary general meeting of shareholders to present this agenda.” This is a measure to implement the shareholder return policy announced in April.

As part of its shareholder return policy, Philoptics has disclosed plans including ▲cash dividends by issuing new shares of Phil Energy ▲stock dividends by distributing a portion of Philoptics' net income and Phil Energy's existing stock sales proceeds ▲and share repurchase and cancellation. In July this year, the company signed a trust contract to acquire treasury shares worth approximately 6.2 billion KRW and completed the purchase. It also announced the setting of the record date for quarterly dividends.

Meanwhile, at the corporate briefing held in September last year, Philoptics emphasized business structure stabilization through accelerated expansion into new businesses such as semiconductors and solar energy, along with continuous growth in its core display business. The company has already received orders worth about 80 billion KRW for IT-use 8.6-generation OLED equipment. Additionally, new semiconductor equipment supply is scheduled within the year, raising expectations for full-scale market entry.