HPO "Additional Purchase of Treasury Shares Worth 1.5 Billion KRW"

Premium health functional food specialist HPO will additionally purchase 210,000 treasury shares worth approximately 1.5 billion KRW.

According to the Financial Supervisory Service's electronic disclosure system on the 20th, HPO plans to acquire 210,000 treasury shares through on-market direct acquisition from the 20th until February 17, 2024. The entrusted brokerage firm is Hana Securities.

HPO also announced plans to directly acquire a total of 600,000 treasury shares in 2021 and 2022, completing the acquisition within the scheduled period (3 months). The total acquisition amount for treasury shares at that time was about 7.3 billion KRW.

An HPO representative stated, "This decision to acquire treasury shares reflects confidence in the company's future value and is aimed at enhancing shareholder value. We plan to continue being a trusted company through sustained business growth and shareholder-friendly policies."

Meanwhile, HPO announced its performance through the Q3 report on the 14th. On a consolidated basis, quarterly sales were 56 billion KRW, operating profit was 4.4 billion KRW, and net profit was 3.8 billion KRW. These represent increases of 14.8%, 168.9%, and 151.9%, respectively, compared to the same period last year.