Aseajeji Acquires 15 Billion KRW of Treasury Shares... "Shareholder Return Policy"

Aseajeji acquired treasury shares worth 15 billion KRW as part of its shareholder return policy.

Aseajeji announced on the 16th that it acquired 386,814 treasury shares through a trust for treasury share acquisition worth 15 billion KRW conducted over six months starting from July 17 last year.

Prior to this treasury share acquisition, Aseajeji acquired treasury shares worth 5 billion KRW in the first phase over six months starting from March last year. On the 10th, the board of directors held a meeting and resolved to additionally acquire treasury shares worth 20 billion KRW in the third phase to enhance shareholder value and stabilize the stock price.

The third treasury share purchase will be conducted through a trust contract with NH Investment & Securities, a commissioned investment brokerage, for a one-year period from January 10, 2024, to January 9, 2025. As a result, Aseajeji will have acquired treasury shares worth a total of 40 billion KRW.

Earlier, on July 12 last year, Aseajeji announced a 'mid- to long-term shareholder return policy' aimed at enhancing corporate value through the establishment of an active and transparent shareholder return policy.

The main points of the mid- to long-term shareholder return policy from 2023 to 2026 include the gradual implementation of ▲expanded cash dividends ▲treasury share acquisition ▲treasury share cancellation ▲stock (par value) split.

An Aseajeji official explained, "In line with the trend of business value being reflected in corporate value, we decided to purchase treasury shares to stabilize the stock price and enhance shareholder value."