G&BS Eco... "Management's Buyback of Company Shares to Enhance Shareholder Value"

G&Bs Eco announced on the 20th that it plans to strengthen its shareholder return policy, including executive stock buybacks.

To enhance shareholder value, G&Bs Eco's management has expanded responsible management by purchasing approximately 32,800 shares on the open market. Based on this, the company is focusing on expanding orders for existing businesses and new business growth, and is also reviewing additional shareholder-friendly policies that can improve shareholder and corporate value, such as dividends, within the next three years.

Park Sang-soon, CEO of G&Bs Eco, explained, "As uncertainty in domestic and international financial markets prolongs, G&Bs Eco is currently undervalued in the capital market regardless of the company's actual growth potential. The company's key executives have decided to strengthen the shareholder return policy to take the lead in conveying to shareholders a firm commitment to the company's continuous growth potential and future value expansion."

He added, "Since its listing, G&Bs Eco has been setting record-high performance every year, and despite unstable capital market conditions both domestically and internationally, we continue efforts to expand orders, grow in scale, and improve profitability. We will engage in responsible management to grow into a trusted company for shareholders who have invested in us."

Having achieved record-high performance again in the third quarter, G&Bs Eco plans to increase corporate value in the fourth quarter based on new growth momentum such as energy multiplexes and secondary batteries. Recently, the company confirmed Goyang City as the site for its second energy multiplex branch, accelerating the expansion of its business base, which is expected to lead to additional growth. In 2024, the company plans to actively build energy multiplexes including charging infrastructure for electric and eco-friendly vehicles and a waste battery recycling center.

A company official stated, "Thanks to growth in front-end markets such as semiconductors and solar power, we have already surpassed last year's sales and operating profit in the third quarter, continuing our record-breaking performance streak. While maintaining stable growth with existing businesses, we will continuously discover future growth engines to further strengthen G&Bs Eco's competitiveness."