Woosoo AMS Decides on Treasury Stock Acquisition for 'Shareholder Return'

"Confidence in the Success of Next-Generation Mobility Business"

e-mobility solution specialist Woosoo AMS (CEO Kim Sun-woo) announced on the 23rd that it has decided to acquire treasury shares to stabilize its stock price and enhance shareholder value.

On the 23rd, Woosoo AMS held a board meeting and resolved to acquire treasury shares worth 1 billion KRW. The acquisition will be conducted through on-market purchases on the KOSDAQ, with a planned acquisition volume of 370,000 common shares. The acquisition period is scheduled to run for approximately three months, from January 24 to April 23.

A Woosoo AMS official stated, “Although the existing automotive parts business segment is showing steady quantitative growth and qualitative growth through revenue generation in the next-generation electrification-related new business segment is anticipated, the stock price is still considered undervalued. This decision reflects our confidence in the company’s growth as well as an effort to enhance shareholder value.”

He added, “We expect that the preparations made for the success of next-generation mobility will begin to be reflected in sales starting this year. We will do our best to gain shareholders’ trust through active communication and further improve corporate value. We will continue to implement various shareholder return policies to repay investors who have trusted and invested in Woosoo AMS’s growth with enhanced corporate value.”

Meanwhile, Woosoo AMS disclosed on the 17th that it granted stock options for 630,000 shares to a total of 30 executives and employees, including internal director Noh Jong-sang (CEO of Woosoo TMM), who oversees the next-generation mobility business within the Woosoo Group, and external recruit Baek Bok-su, head of the Future Strategy R&D Center. The total number of shares granted represents 1.6% of the total issued shares.

Regarding the decision to grant these stock options, Woosoo AMS explained that it intends to directly link employee compensation for future performance to the company’s stock price, demonstrating confidence in future corporate value growth while strengthening responsible management among key technology development personnel.